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Local program provides financial education to Black youth

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Local program provides financial education to Black youth

COLUMBUS, Ohio (WCMH) — On average, Black Americans only answer 38% of questions on the Personal Finance Index, which measures financial literacy among U.S. adults, correctly. One local summer youth program is working to change that.

The Homes for Families Summer Achievers’ Program has partnered with non-profit Yong Money Finances since 2019. The program offers a class that teaches students everything from saving to investing in hopes to equip them with lifelong financial tools.

Homes for Families Director of Education Jennifer McLeon believes access to this information is important.

“I know even myself, I did not receive any financial literacy education growing up at my summer camp,” McLeon said. “So (we hope) to provide them with experiences that they wouldn’t normally have, be exposed to.”    

The two organizations work together to build money management knowledge among Black kids. Aleaha Robinson, the program coordinator, said she also knows the importance of having someone deliver that information that the kids can see themselves in.    

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“Seeing Black faces for our students to know that, hey, you can start a certain way, but you don’t have to finish a certain way,” Robinson said. “I thought that was pretty cool for them to know and to do and accomplish.”  

Dondrea Brown, founder of Young Money Finances, understands the earlier these kids know how to handle their finances, the better they will be.   

“What we want to do is provide quality financial education to ensure that our youth have the same experiences that everyone has so that they can make better decisions with their money,” Brown said. “But then also allow them to be exposed to things like investing, which is not really talked about in our community.”  

Kids participating in the class like Zionna Martin-Wilson and William Howard said they know they are gaining something valuable, and they believe all kids should join the program.   

“They still give you education even in the summer program,” Howard said. “You got to invest money in like banks.”   

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The goal is to leave a lasting mark that will expand the minds of both these kids and hopefully more in the future.    

“I want them to be able to look back on these moments and look back on these days and say, ‘Hey, I’m going to pay it forward and teach my kids and my family and my community how to manage money the same way I was taught,’” Brown said.     

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Finance

Low-income Chinese girl aces gaokao, inspires live-streamers offering help

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Low-income Chinese girl aces gaokao, inspires live-streamers offering help

A girl from a disadvantaged rural family in central China topped this year’s gaokao, attracting numerous live-streamers eager to finance her education, which she declined.

The home of 18-year-old secondary school graduate Han Yaping in a Henan province village was recently bustling with live-streamers.

This attention came after Han achieved an impressive score of 699 out of 750 in the gaokao, China’s national college entrance exam.

She has received offers from China’s two leading universities, Tsinghua University and Peking University.

Han’s accomplishment is particularly remarkable given her family’s impoverished circumstances.

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Her mother suffers from ankylosing spondylitis, an inflammatory arthritis affecting the spine, preventing her from working. Her father, who earns a living through farming and odd jobs, serves as the family’s sole provider. Han also has a younger sister.

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Finance

UK financial regulator publishes landmark AI review

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UK financial regulator publishes landmark AI review

The UK’s Financial Conduct Authority (FCA) published a landmark review on Monday that proposes recommendations to regulate the impact of artificial intelligence (AI) on the financial decisions made by consumers.

The review, titled the Mills Review, anticipates that both consumers and firms will start delegating “more financial decision-making to AI systems,” including for agreements, initiating transactions, and executing decisions “within agreed parameters.” One of the key findings of the review outlined that while AI can help bridge advice gaps and “support growth,” there remain risks “associated with fraud, cyber security, and consumer harm.” Conducting the review, Sheldon Mills highlighted that “AI can also amplify risks: bias, discrimination, exclusion, opaque decision-making (particularly when multiple AI models interact), misleading or hallucinatory advice and erosion of consumer trust.”

The review stated that presently, one in five adults in the UK are “already open to AI making decisions for them,” particularly when decisions feel “complex or high stakes.” It found that roughly 26 percent of the population “trust general-purpose tools such as ChatGPT, Claude or Gemini for financial advice” with little awareness that such platforms provide no “formal routes to recourse” or protections.

Overall, the Mills Review identified four areas that it anticipates will be impacted by AI in the financial sector: “the transformation of firms,” “new consumer journeys,” “a reshaped competition landscape,” and “amplified financial crime and cyber risk.” The FCA projected the shift in how consumers and firms consult AI to take place by 2030.

The Mills Review put forth seven “priority” recommendations to be considered by the FCA Board. It recommended that any transitions to autonomous AI models be monitored and that regulatory frameworks and perimeters be adapted and secured. The review called for the strengthening of “system-wide coordination and oversight,” the scaling up of the FCA’s AI Lab to enable it to support AI models and innovation for agentic finance, and an “AI-enabled agentic supervisory model” to be built and adopted.   Finally, it recommended that a trusted “public-interest AI-enabled financial capability service” be developed.

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The FCA announced, in the press release, that it will launch an AI “good and poor practice publication” in late 2026.

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Finance

Fayette County Public Schools Board of Education approves audit contract, new finance director position

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Fayette County Public Schools Board of Education approves audit contract, new finance director position

LEXINGTON, Ky. (WKYT) – The Fayette County Public Schools Board of Education approved a one-year audit contract capped at $131,750 plus $225 per hour during a virtual meeting Monday, along with a new finance director job description.

The contract is with Mauldin & Jenkins Certified Public Accountants, an Atlanta-based firm, and covers the 2025-26 fiscal year and the restatement of the 2024-25 fiscal year and ancillary services through FY 2029-2030. The work is set to be completed by Nov. 15.

The board approved the contract in a 5-0 vote.

Audit contract details

Interim Chief Financial Officer Kyna Koch said the cost is already accounted for in the district’s budget.

“And is actually less than we expected given our current situation — we were thrilled with the bid,” Koch said.

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Koch said she believes this is Mauldin & Jenkins’ first school district audit in Kentucky, but that the firm works with school districts of more than 100,000 students throughout the Southeast.

“Quite frankly when I spoke to the folks at KDE they were thrilled because we’re running kind of short of auditors who want to do school district audits — so all around I think this was a win-win for everyone,” Koch said.

New finance director position

The board also approved a new job description for the position of Director of Finance. Acting Superintendent Dr. Bill Bradford said the title will replace two associate director positions.

“Which will not only save the school district money but it’s also going to streamline our work and align internal controls to make room for a more efficient unit,” Bradford said.

Koch said the position will be posted as soon as possible following the board’s approval.

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Closed session

The board went into closed session for more than an hour to discuss pending investigations that could lead to employee discipline. When the board returned, it took no action and adjourned the meeting.

Copyright 2026 WKYT. All rights reserved.

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