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Celebrating Financial Literacy Month: Lendistry CEO Everett Sands Pioneers with Scientific Brilliance
NNPA NEWSWIRE — Lendistry CEO Everett K. Sands is motivated to do more than just get the word out; “One of the things that’s been part of my career is thinking about access to capital as skill and thinking about access to capital that for underserved communities. I think about it in three different ways. I think about it as Product, a process and a policy question, and those are the three things that I am typically working on.”
The post Celebrating Financial Literacy Month: Lendistry CEO Everett Sands Pioneers with Scientific Brilliance first appeared on BlackPressUSA.
By Kenneth Miller, Inglewood Today
“Bringing the gifts that my ancestors gave,
I am the dream and the hope of the slave.
I rise”—I Rise (last verse) Maya Angelou
Everett K. Sands, the Chief Executive Officer of Lendistry, life began as a small child with a brain that imagined a lot of what ifs.
What if his grandfather had the money to keep his tailor shop open? What if his parents did not start college at Howard University in Washington, DC when they were older?
And so, when a young Everett set off on a path to solve complicated financial puzzles that drive most people crazy, it tuned his competitive mind similar to the way a Michael Jordan or a LeBron James trained their body to become the greatest basketball players in history.
The wisdom he accumulated would lead this son of a doctor to earn a scholarship to a prestigious boarding school in the Washington DC area where he met the heir twin granddaughters of the Walmart Family, the richest family in America. The by chance meeting was enough for him to realize that he belonged.
His mother prayed for him to become a trailblazer and while he admitted that he does sometimes think about what causes him to think the way he does, he has not fully embraced pioneer status.
On Zoom, he sat isolated on a multicolored striped couch, wearing a purple polo with Lendistry stitched across his heart and a white Nike check on the left sleeve, expanding on how he became arguably one of the most impactful men in finance and lending for 58 minutes.
His laser eyes adjusted the computer for better concentration and his mind races to perfect his illustration of the next question.
Where does the foundation of Everett K. Sands begin?
“I don’t think there is a single thing. Like anybody else. We are all a series of events. The way I best describe it which is probably not perfect, but is what’s in my mind. I grew up as a kid with a lot of what ifs. I have parents that went to Howard, but they went late. They went to undergrad on time and went to graduate school kind of late. But you see your parents go late and you say oh that’s interesting, and then we drive past buildings and my mom would say that was your grandfather’s shop. The question is why isn’t it the shop now. And then you start to kind of just put the pieces together.”
He started to assemble the puzzle when he attended that boarding school and met really affluent people which also included the Walton granddaughters with whom he had a casual acquaintance.
They came to school in a limo, Sands did not show up in a limousine. When his friend asked if he knew who the twins were, he did not. He wasn’t poor, but certainly not as wealthy as his classmates. It didn’t take long for him to discover their grandfather is the founder of Walmart.
Sands got close enough to the twins to ask questions and discovered their grandfather got a loan for $30,000, but his grandfather did not gain access to capital and theirs did.
“I then started to put the pieces together. My parents went to school late because the money wasn’t there. We don’t have that building anymore because something happened with the business. Those moments and thoughts led me to ponder what if they had the access to capital?”
Sands contemplated what if he was there and what could he have done, his competitive juices flowing.
Lendistry, which he founded in 2015, is a byproduct of Sands looking at every business as if it was his grandfather’s, and it didn’t matter whether you were Black or white.
“I am a scientist by nature. I grew up Premed, my dad’s a doctor and so in science what you learn is A B testing. You learn how to look at a problem with multiple solutions because most scientist are trying to discover a cure for something, but I brought that into lending and that’s my process policy conversation,” he elaborated
Sands genius is a rare combination of renown scientist George Washington Carver and historical financier Maggie Lena Walker who was the first Black woman to establish and serve as president of a bank in the United States in 1903.
“I am a scientist and I am an individual who is extremely competitive and when you push all three of those together and you have me focus on underserved and undercapitalized communities that’s what you get. You get this guy that’s extremely determined to figure it out.” he said.
From the boarding school, Sands went on to University of Pennsylvania where he served as a board member for the Penn Institute for Urban Research and the Center for Strategic Economic Studies and Institutional Development.
While at Penn he met a mentor who tasked him to create a mortgage company. He was the person who did all of the research and did all of the things to figure it out. Although he and his mentor went their separate ways, Sands joined forces with a fraternity brother and the two of them developed one of the top 10 mortgage companies in America. Eventually, they earned a board seat on the first Black-owned bank in Maryland, Ideal Federal Savings.
That’s was at just 26-years of age and the two frat brothers have remained business partners since 1999.
The Ideal Federal Savings experience sparked something in him. He understood financing and subsequently sold the mortgage company and went to another Black bank as a leader.
“Those two experiences of sitting on the board of the bank are real life experiences that teach you things you don’t learn at Penn.”
By the time he went to Wells Fargo he was like an outlier because he could do almost everything.
“I ended up becoming the top one percent at Wells in terms of revenue and you name the stat from profitability which matters most to all of the other stuff.”
Although he was in the top one percent, he was just a token. Nonetheless what he managed to obtain levels of knowledge at Wells that he could not at the community bank.
The light bulb went on when he was introduced Corresponding banking which is the group that lends money to community banks.
He defined National Financial Literacy Month by merely prescribing solutions to the community it plagues.
“I think it means a couple of things. How do we think about deploying education and resources out to those who are looking to either expand their future, somewhat get a hold of their future and our lay the foundation,” he stated eloquently.
Sands is motivated to do more than just get the word out; “One of the things that’s been part of my career is thinking about access to capital as skill and thinking about access to capital that for underserved communities. I think about it in three different ways. I think about it as Product, a process and a policy question, and those are the three things that I am typically working on.”
When he thinks about financial literacy as a whole, process is the one that comes up.
“We’ve all said, hey… I wish would have learned more about credit in high school or how to balance my check book when I was a kid. I think where we have a challenge is we don’t always meet the user where they are at. The average kid is spending about two hours on Tic Toc right now, so are we creating a financial literacy that’s on Tic Toc? or, are we saying hey you should read this book? I am not saying there is anything wrong with reading, I am a reader, but I am also saying you have to have multiple ways to reach an audience and you have find ways to reach an audience where they are at.”
Sands admits that there are some structural issues, particularly legislatively, that seems to be stacked against Blacks and minorities.
“I think the first thing we need to look at is, have there been a higher number of Black politicians, and I think the answer to that question is yes. Are we, people on the ground helping them execute. At an eye level it’s about voting, but on a secondary level it’s about having conversations no different than if you were as going to address your neighborhood,” Sands added.
He educates politicians when he meets with them, and ask what the goal is from a legislative stand point and then he shares with them what’s happening from the street to bring about a resolution that benefits both the public servant and the community they serve.
Sands believes reason that Black communities suffer is because we are behind in the steps; “That doesn’t mean you don’t go through the evolution of the steps, that means you’re behind in the race, those are two separate things.”
The first step was to get our voices heard, then to elect officials who served our best interest and now, the responsibility of this generation is execution, which is what Lendistry did during the COVID pandemic.
“When it came time for the pandemic, we raised our hand and said let us be in the ball game of programming so that we could be the deployers of capital.”
That wasn’t easy because Lendistry had to assemble themselves very quickly and do all of the things the government required.
Lendistry became a one of the stars for the SBA during the pandemic, granting loans up to $10 million nationwide, and then because of determination and client focus, Lendistry lent upwards of $8 billion to more than half a million businesses across all 50 states.
Additionally, he was instrumental in the State of California non-profits receiving funding, the only state to do so.
Family is super important for Sands, most of them are here in Southern California but his mother is still in D.C.
“I work hard for them so that they don’t have to work as hard as I have to work,” he concluded.
Sands is very sensitive and protective of his family, especially his twin daughters.
“Like any parent I feel most helpless when they are sick or not feeling well.”
At his core he is a revolutionary teacher who has the uncanny ability to elucidate complicated financial widgets so the everyday consumer can comprehend.
Lendistry has mega clients as Amazon on its roster in addition to the myriad of banks and other financial institutions that relies on their services.
Everett K. Sands is a renaissance man, a revolutionary responsible for billions of dollars, also lives and futures of people like his grandfather.
Paving the way for perhaps another likeminded genius to evolve.
The post Celebrating Financial Literacy Month: Lendistry CEO Everett Sands Pioneers with Scientific Brilliance first appeared on BlackPressUSA.
#NNPA BlackPress
A Nation in Freefall While the Powerful Feast: Trump Calls Affordability a ‘Con Job’
BLACKPRESSUSA NEWSWIRE — There are seasons in this country when the struggle of ordinary Americans is not merely a condition but a kind of weather that settles over everything.
By Stacy M. Brown
Black Press USA Senior National Correspondent
There are seasons in this country when the struggle of ordinary Americans is not merely a condition but a kind of weather that settles over everything. It enters the grocery aisle, the overdue bill, the rent notice, and the long nights spent calculating how to get through the next week. The latest numbers show that this season has not passed. It has deepened.
Private employers cut 32,000 jobs in November, according to ADP. Because the nation has been hemorrhaging jobs since President Trump took office, the administration has halted publishing the traditional monthly report. The ADP report revealed that small businesses suffered the heaviest losses. Establishments with fewer than 50 workers shed 120,000 positions, including 74,000 from companies with 20 to 49 workers. Larger firms added 90,000 jobs, widening the split between those rising and those falling.
Meanwhile, wealth continues to climb for the few who already possess most of it. Federal Reserve data shows the top 1 percent now holds $52 trillion. The top 10 percent added $5 trillion in the second quarter alone. The bottom half gained only 6 percent over the past year, a number so small it fades beside the towering fortunes above it.
“Less educated and poorer people tend to make worse mistakes,” John Campbell said to CBS News, while noting that the complexity of the system leaves many families lost before they even begin. Campbell, a Harvard University economist and coauthor of a book examining the country’s broken personal finance structure, pointed to a system built to confuse and punish those who lack time, training, or access.
“Creditors are just breathing down their necks,” Carol Fox told Bloomberg News, while noting that rising borrowing costs, shrinking consumer spending, and trade battles under the current administration have left owners desperate. Fox serves as a court-appointed Subchapter V trustee in Southern Florida and has watched the crisis unfold case by case.
During a cabinet meeting on Tuesday, Trump told those present that affordability “doesn’t mean anything to anybody.” He added that Democrats created a “con job” to mislead the public.
However, more than $30 million in taxpayer funds reportedly have supported his golf travel. Reports show Kristi Noem and FBI Director Kash Patel have also made extensive use of private jets through government and political networks. The administration approved a $40 billion bailout of Argentina. The president’s wealthy donors recently gathered for a dinner celebrating his planned $300 million White House ballroom.
During an appearance on CNBC, Mark Zandi, an economist, warned that the country could face serious economic threats. “We have learned that people make many mistakes,” Campbell added. “And particularly, sadly, less educated and poorer people tend to make worse mistakes.”
#NNPA BlackPress
The Numbers Behind the Myth of the Hundred Million Dollar Contract
BLACKPRESSUSA NEWSWIRE — Odell Beckham Jr. did not spark controversy on purpose. He sat on The Pivot Podcast and tried to explain the math behind a deal that looks limitless from the outside but shrinks fast once the system takes its cut.
By Stacy M. Brown
Black Press USA Senior National Correspondent
Odell Beckham Jr. did not spark controversy on purpose. He sat on The Pivot Podcast and tried to explain the math behind a deal that looks limitless from the outside but shrinks fast once the system takes its cut. He looked into the camera and tried to offer a truth most fans never hear. “You give somebody a five-year $100 million contract, right? What is it really? It is five years for sixty. You are getting taxed. Do the math. That is twelve million a year that you have to spend, use, save, invest, flaunt,” said Beckham. He added that buying a car, buying his mother a house, and covering the costs of life all chip away at what people assume lasts forever.
The reaction was instant. Many heard entitlement. Many heard a millionaire complaining. What they missed was a glimpse into a professional world built on big numbers up front and a quiet erasing of those numbers behind the scenes.
The tax data in Beckham’s world is not speculation. SmartAsset’s research shows that top NFL players often lose close to half their income to federal taxes, state taxes, and local taxes. The analysis explains that athletes in California face a state rate of 13.3 percent and that players are also taxed in every state where they play road games, a structure widely known as the jock tax. For many players, that means filing up to ten separate returns and facing a combined tax burden that reaches or exceeds 50 percent.
A look across the league paints the same picture. The research lists star players in New York, Philadelphia, Chicago, Detroit, and Cleveland, all giving up between 43 and 47 percent of their football income before they ever touch a dollar. Star quarterback Phillip Rivers, at one point, was projected to lose half of his playing income to taxes alone.
A second financial breakdown from MGO CPA shows that the problem does not only affect the highest earners. A $1 million salary falls to about $529,000 after federal taxes, state and city taxes, an agent fee, and a contract deduction. According to that analysis, professional athletes typically take home around half of their contract value, and that is before rent, meals, training, travel, and support obligations are counted.
The structure of professional sports contracts adds another layer. A study of major deals across MLB, the NBA, and the NFL notes that long-term agreements lose value over time because the dollar today has more power than the dollar paid in the future. Even the largest deals shrink once adjusted for time. The study explains that contract size alone does not guarantee financial success and that structure and timing play a crucial role in a player’s long-term outcomes.
Beckham has also faced headlines claiming he is “on the brink of bankruptcy despite earning over one hundred million” in his career. Those reports repeated his statement that “after taxes, it is only sixty million” and captured the disbelief from fans who could not understand how money at that level could ever tighten.
Other reactions lacked nuance. One article wrote that no one could relate to any struggle on eight million dollars a year. Another described his approach as “the definition of a new-money move” and argued that it signaled poor financial choices and inflated spending.
But the underlying truth reaches far beyond Beckham. Professional athletes enter sudden wealth without preparation. They carry the weight of family support. They navigate teams, agents, advisors, and expectations from every direction. Their earning window is brief. Their career can end in a moment. Their income is fragmented, taxed, and carved up before the public ever sees the real number.
The math is unflinching. Twenty million dollars becomes something closer to $8 million after federal taxes, state taxes, jock taxes, agent fees, training costs, and family responsibilities. Over five years, that is about $40 million of real, spendable income. It is transformative money, but not infinite. Not guaranteed. Not protected.
Beckham offered a question at the heart of this entire debate. “Can you make that last forever?”
#NNPA BlackPress
FBI Report Warns of Fear, Paralysis, And Political Turmoil Under Director Kash Patel
BLACKPRESSUSA NEWSWIRE — Six months into Kash Patel’s tenure as Director of the Federal Bureau of Investigation, a newly compiled internal report from a national alliance of retired and active-duty FBI agents and analysts delivers a stark warning about what the Bureau has become under his leadership.
Six months into Kash Patel’s tenure as Director of the Federal Bureau of Investigation, a newly compiled internal report from a national alliance of retired and active-duty FBI agents and analysts delivers a stark warning about what the Bureau has become under his leadership. The 115-page document, submitted to Congress this month, is built entirely on verified reporting from inside field offices across the country and paints a picture of an agency gripped by fear, divided by ideology, and drifting without direction.
The report’s authors write that they launched their inquiry after receiving troubling accounts from inside the Bureau only four months into Patel’s tenure. They describe their goal as a pulse check on whether the ninth FBI director was reforming the Bureau or destabilizing it. Their conclusion: the preliminary findings were discouraging.
Reports Describe Widespread Internal Distrust and Open Hostility Toward President Trump
Sources across the country told investigators that a large number of FBI employees openly express hostility toward President Donald Trump. One source reported seeing an “increasing number of FBI Special Agents who dislike the President,” adding that these employees were exhibiting what they called “TDS” and had lost “their ability to think critically about an issue and distinguish fact from fiction.” Another source described employees making off-color comments about the administration during office conversations.
The sentiment reportedly extends beyond domestic lines. Law enforcement and intelligence partners in allied countries have privately expressed fear that the Trump administration could damage long-term international cooperation according to a sub-source who reported those concerns directly to investigators.
Pardon Backlash and Fear of Retaliation
The President’s January 20 pardons of individuals convicted for their roles in the January 6 attack ignited what the report calls demoralization inside the Bureau. One FBI employee said they were “demoralized” that individuals “rightfully convicted” were pardoned and feared that some of those individuals or their supporters might target them or their family for carrying out their duties. Another source described widespread anger that lists of personnel who worked on January 6 investigations had been provided to the Justice Department for review, noting that agents “were just following orders” and now worry those lists could leak publicly.
Morale In Decline
Morale among FBI employees appears to be sinking fast. There were a few scattered positive notes, but the weight of the reporting describes morale as low, bad, or terrible. Agents with more than a decade of service told investigators they feel marginalized or ignored. Some are counting the days until they can retire. One even uses a countdown app on their phone.
Culture Of Fear
Layered over that unhappiness is something far more corrosive. A culture of fear. Sources say Patel, though personable, created mistrust from the start because of harsh remarks he made about the FBI before taking office. Agents took those comments personally. They now work in an atmosphere where employees keep their heads down and speak carefully. Managers wait for directions because they are afraid a wrong move could cost them their jobs. One source said agents dread coming to work because nobody knows who will be reassigned or fired next.
Leadership Concerns
The report also paints a picture of leaders unprepared for the jobs they hold. Multiple sources said Patel is in over his head and lacks the breadth of experience required to understand the Bureau’s complex programs. Some said Deputy Director Dan Bongino should never have been appointed because the role requires deep institutional knowledge of FBI operations. A sub-source recounted Bongino telling employees during a field office visit that “the truth is for chumps.” Employees who heard it were stunned and offended.
Social Media and Communication Breakdowns
Communication inside the Bureau has become another source of frustration. Sources said Patel and Bongino spend too much time posting on social media and not enough time communicating with employees in clear and official ways. Several told investigators they learn more about FBI operations from tweets than from internal channels.
ICE Assignments Raise Alarm
Nothing has sparked more frustration inside the FBI than the orders requiring agents to assist Immigration and Customs Enforcement. The reporting shows widespread resentment and fear over these assignments. Agents say they have little training in immigration law and were ordered into operations without proper planning. Some said they were put in tactically unsafe positions. They also warned that being pulled away from counterterrorism and counterintelligence investigations threatens national security. One sub-source asked, “If we’re not working CT and CI, then who is?”
DEI Program Removal
Even the future of diversity programs became a point of division. Some agents praised Patel’s removal of DEI initiatives. Others said the old system left them afraid to speak honestly because they worried about being labeled racist. The reporting shows a deep and unresolved conflict over whether DEI strengthened the organization or weakened it.
Notable Incidents
The document also details several incidents that have become part of FBI lore. Patel ordered all employees to remove pronouns and personal messages from their email signatures yet used the number nine in his own. Agents laughed at what they saw as hypocrisy. In another episode, FBI employees who discussed Patel’s request for an FBI-issued firearm were ordered to take polygraph examinations, which one respected source described as punitive. And in Utah, Patel refused to exit a plane without a medium-sized FBI raid jacket. A team scrambled to find one and finally secured a female agent’s jacket. Patel still refused to step out until patches were added. SWAT members removed patches from their own uniforms to satisfy the demand.
A Bureau at a Crossroad
The Alliance warns that the Bureau stands at a difficult crossroads. They write that the FBI faces some of the most daunting challenges in its history. But even in despair, a few voices say something different. One veteran source said “It is early, but most can see the mission is now the priority. Case work and threats are the focus again. Reform is headed in the right direction.”
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