United States Imposes Economic Sanctions on Black Community Projects
This month, Regions Bank, a financial institution with branches in the U.S. South and Midwest, notified the Black nonprofit, African People’s Education and Defense Fund (APEDF), that the bank was “exiting” its 20-year relationship, closing accounts, withdrawing lines of credit and canceling mortgage loans. This comes on the heels of the FBI's raid in July of the African People's Socialist Party in Saint Louis, Missouri, as well as reported pending indictments against members of the party and its global network, the Uhuru Movement.