CBX Daily 1/23/2025

Author

Claire Moraa
January 23, 2025

Today, LAMIK is revolutionizing beauty with a clear aim, but let’s start with how CFPB and Berkshire’s legal clash could shift the mortgage frame…

Now Playing:

Cultural Intelligence Download

Mortgage Misdeeds Has CFPB & Berkshire In A Legal Battle

CBX Vibe

CFPB is coming to the rescue of many Americans who might be caught between a rock and a hard place in their mortgages. The lawsuit against Berkshire Hathaway (BRKB +1.41%) alleges predatory practices and potential exploitation of consumers through unethical lending practices. The company is a subsidiary of Warren Buffett's holding company and this is not its first rodeo either. His home manufacturer company–Clayton Homes was also under fire a few years back for similar predatory and exploitative practices.   

How LAMIK Is Refining The $580 Billion Beauty Industry  

CBX Vibe:

Inclusive-owned beauty brands are more than just businesses; they are catalysts for change across the industry. Companies like LAMIK Beauty, and its clean products, have consistently been at the forefront of tech integration through focusing on underserved markets, with founder Kim Roxie pushing the industry to expand its horizons. By addressing gaps in representation, celebrating cultural authenticity, empowering communities, and driving innovation, this beauty brand is reshaping the sector into a more inclusive and equitable space.   

How HBCUs Are Financially Empowering Their Graduates  

CBX Vibe:

Historically Black Colleges and Universities (HBCUs) are more than educational institutions; they're catalysts for empowerment, shaping futures that gleam with promise. HBCUs with the highest payoff are leading the charge, with Hampton University, Spelman College and Xavier University of Louisiana. Embracing an HBCU education means embracing an opportunity to amplify Black graduates careers and income prospects.  

Tune-in Tuesdays!

Trump’s memecoins sent shockwaves in the digital currency world with a $7 billion explosion in it’s first day. Millions of supporters have already jumped on the bandwagon calling it a revolutionary moment, but some are skeptical. Will this frenzy lead to lasting value, or is it just another gimmick in the ever-changing world of digital currencies?

A. "All I Do Is Win" by DJ Khaled – Trump has been on a winning streak lately so as the memecoin’s value skyrockets, its backers are celebrating, convinced they’ve found the next big financial revolution
B. "Enjoy It While It Lasts" by Easy Wanderlings – The memecoin, just like most digital currencies is on it’s high. However, it is a very volatile market so anyone on the bandwagon should know it’s a wild ride and enjoy the moment
C. "Eye of the Tiger" by Survivor – The memecoin’s surge signals a fierce new competitor in the crypto world, with the potential for long-term growth and competition against Bitcoin. This could be the start of something powerful and relentless

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

Login or Subscribe to participate in polls.

Last week’s results are in and it looks like the people are ready to fight back for their freedom so ‘Let’s Get It Started’.

Exploring Black Americans' Quest For Homeownership Equity  

CBX Vibe:

While Black individuals constitute an average of 14% of the population in the nation's largest 50 cities, their homeownership rate stands at 10.15% in these areas. This roughly translates to heavy rental burdens for more than half of the Black residents. Black Americans homeownership has been on a declining trajectory compared to their White counterparts. This gap is so wide it could take centuries to close; in fact, 320 years is presumed.  

Do Americans Need $200,000 A Year To Be Financially Comfortable?  

CBX Vibe:

“Financially comfortable,” the meaning is unreachable for many, especially when you consider Americans feel they need more than three times the median U.S. household income of about $71,000 a year to feel financially secure. A Bankrate survey found U.S. citizens want to earn over $200,000 a year to be financially comfortable. Considering the median household income for Black U.S. households in 2021 was $46,400 and more than 450,000 job cuts during the first half of 2023, the expectation of being financially secure feels out of reach for many.  

Vibes of the Week

Americans with mortgages “Just Might Get It” as CFPB and Berkshire engage in a legal battle. Jagged Edge gets into it in our CBX Vibes!