Millennials

Survey: Minorities and young adults pay much higher bank fees

A survey from Bankrate.com finds that white banking customers are paying significantly less in fees than people of color and that older customers pay much less than their younger counterparts.

What's happening: The average person in the U.S. with a checking account pays about $8 per month on fees like routine service charges, ATM fees and overdrafts, but black and Hispanic customers reported spending twice that much.

Scoop: Emerson Collective initial launch partner for new NowThis division

NowThis, the millennial social video media outlet that's part of Group Nine Media, will announce Tuesday the launch of NowThis Impact, a new editorial division that covers social issues and is underwritten by non-profits and philanthropic organizations, including launch partner Emerson Collective.

Why it matters: Underwriting editorial content is becoming a bigger trend as more philanthropy and non-profit money floods into journalism.