A first-of-its-kind initiative is set to support the advancement of Black wealth in Minneapolis-St. Paul, MN.
Oct 31, 2023
Minnesota just got its first Black-owned bank, and it’s nestled in the twin cities. Specifically located in Minneapolis, Detroit-based First Independence Bank opened its first location outside of Michigan and the new site is the first of two that will be in Minneapolis.
May 5, 2022
Meet the two forces on a mission to build a village committed to financial well-being. According to Business Wire, The Village Financial Cooperative will be launched thanks to two leading organizations in the credit union sector. “We remain committed to the launch of the Village Financial Cooperative, and will be working in close coordination with both the Minnesota Credit Union Network and the African-American Credit Union Coalition,” said Debra Hurston, Executive Director at the Association for Black Economic Power (ABEP) — who was appointed in December 2020 — in a news release. ABEP is a nonprofit that was birthed right from North Minneapolis community members who believe in the critical need for institutional economic power to address inequities experienced by Blacks in Minnesota. “In addition to the new alliances we are forging within the credit union sector, our objective is to continue to nurture a broad base of support for the Village Financial Cooperative, including...
Apr 27, 2021
On Feb. 12, 2021, the Minneapolis Police Department announced that its officers are banned from using facial recognition software when they’re in the process of apprehending suspects. According to TechCrunch, the problematic police department — best known for being the home of the officers who killed George Floyd last summer — is known for having a “relationship” with Clearview AI, a firm with a record of “scraping” images from social media networks and selling them, wholesale, to police departments and federal law enforcement agencies. 13 members of the city council — with no opposition — voted in favor of banning facial recognition software usage. And Minneapolis is just the latest city to join in the usage ban, joining Boston and San Francisco in this landmark move. However, the bans haven’t included selling the images to private companies — which many privacy experts cite as a growing concern. But there’s another, more salient reason why facial recognition software is facing...
Feb 15, 2021