Daily Archives: July 28, 2016

Ex-DNC Chair’s Parting Advice To Staff On Dealing With Haters: ‘F*** Them

 

Wow, if this true, she really has shown her true colors. Hope Tim Canova kicks her butt in next month’s Florida election.

 

Outgoing Democratic National Committee Chair Debbie Wasserman Schultz has had a rocky few weeks. But Politico reported that when she gave a few parting words to staffers Sunday after announcing her resignation, her advice to them was essentially this: fuck the haters.

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While Jill Stein Rallies Sanders Supporters, Gary Johnson Keeps ‘Low Profile’

While the presumptive Green Party presidential nominee Jill Stein courts the Bernie Sanders supporters protesting at the DNC, Libertarian presidential nominee Gary Johnson says he has decided to take the opposite approach.

“I’m trying to keep a low profile here,” he told the FOX Business Network’s Charles Payne. “I’m trying to be respectful of the fact that Hillary is getting the nomination, but I really hope to be able to be on the presidential debate stage come September.”

And that just might happen for the former New Mexico governor, who according to the latest CNN/ORC poll gets 9% of the vote in a four-way matchup including Stein, who gets 3% (15% is needed to make it to the debate stage).

“I’ve got differences when it comes to Hillary Clinton. I really don’t believe that government has the answer. I think that lower taxes, less regulation… And then personal freedom and liberty… it’s important to all of us,” he said.

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Debt Collectors’ Harassment Tactics Are Put On Notice For First Time In 40 Years

Debt collectors, either in-house or third-party entities in the business of trying to get people to pay up debts that they owe for things like student loans or medical bills, have become notorious for their often harassing tactics. Consumers have complained of debt collectors calling them endlessly while threatening violence, lying, and using profane language in trying to cajole them into paying, sometimes for debts they don’t even owe.

But on Thursday, the Consumer Financial Protection Bureau (CFPB), the watchdog created by the Dodd-Frank financial reform act, released new proposed rules to rein in the industry, the first time a federal regulator is cracking down on the industry in nearly four decades. It wants to limit how many times a collector can contact a consumer, require them to have better information about the debts they try to collect, and make it easier for consumers to fight debts they say they don’t actually owe.

Congress passed a law in 1977 that was meant to get rid of abusive debt collection practices by imposing restrictions on their activities as well as disclosure requirements. But until the CFPB came along, there was no federal agency that could issue regulations to make sure that the law was being implemented.

In that time, the industry has grown such that a huge share of Americans are touched by it. As of 2014, about 77 million Americans, or about a third of people with a credit file, had a debt that was in collection. The CFPB found in a recent study that about a third of all consumers had been contacted by a collector in the last year.

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Trump Said He Would Bring Jobs Back To The Country. He Just Quietly Hired 78 Foreign Workers

And I am sure all party candidates will be paying attention with this..

Donald Trump has made restoring American jobs a centerpiece of his campaign, a pledge he reiterated last week when he accepted the Republican nomination for president: “I’m going to bring our jobs back to Ohio and Pennsylvania and New York and Michigan and all of America,” he said.

This month, Trump is bringing jobs to Florida, as he looks to hire 78 servers, housekeepers, and cooks at his Mar-a-Lago Club in Palm Beach and the nearby Trump National Golf Club, Jupiter.

But instead of making sure those jobs go to Americans, he is seeking to import foreign workers for the positions, which pay $10.17 an hour for housekeepers, $11.13 an hour for servers, and $12.74 for cooks. He filed applications this month claiming he couldn’t find enough Americans to do that work, and is seeking temporary visas to bring in 65 workers at Mar-a-Lago along with another seven waiters and six cooks at the golf club.

The Trump campaign did not respond to a request for comment. A call to Mar-a-Lago was not returned, and an employee at the Jupiter golf club declined to comment. But in the past, Trump has defended his use of guest workers by saying there was no other way to fill the jobs.

“You can’t get help,” Trump told MSNBC’s Morning Joe in September. “Getting help in Palm Beach during the season is almost impossible.”

Officials at a nearby career services agency have seen it differently. Last year, Tom Veenstra, a senior director at Palm Beach’s career services center, told BuzzFeed Newsthat he had “hundreds of people in our database that would qualify for a lot of those hospitality jobs.”

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Single-family rental investors struggle to make money in California

Housingwire:

10. Portland, Oregon with a cap rate of 3.8%

Portland city skyline

9. Sacramento, California with a cap rate of 3.7%

8. Seattle, Washington with a cap rate of 3.5%

7. New York City, New York with a cap rate of 3.5%

6. Oakland, California with a cap rate of 3.5%

5. San Diego, California with a cap rate of 3.5%

California

4. Los Angeles, California with a cap rate of 3.1%

3. Orange County, California with a cap rate of 2.7%

2. San Jose, California with a cap rate of 2.6%

1. San Francisco, California with a cap rate of 2.5%

Places

No one envies the plight of the homebuyers in California, who struggle against low inventory, high demand, and rising prices. Due to a recent rise in inventory, however, it could be getting slightly better.

 

Wells Fargo Said to Face U.S. Probe Over Soldiers’ Car Seizures

  • DOJ reviewing company’s compliance with military lending law
  • Bank’s vehicle repossessions also under regulatory scrutiny

Wells Fargo & Co. is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, according to two people with knowledge of the probe.

In their review, the Justice Department and bank regulators are examining Wells Fargo’s compliance with the Servicemembers Civil Relief Act, which in most cases requires that firms obtain a court order before seizing vehicles from soldiers, sailors, airmen and Marines. The government and Wells Fargo have begun discussing how to compensate borrowers who might have been affected, said one of the people, who asked not to be named because the investigation isn’t public.

Shielding soldiers from financial stress has been a priority for lawmakers, and the Justice Department has recently stepped up enforcement actions against banks for taking assets illegally. Banco Santander SA’s U.S. unit agreed to pay $9 million last year over allegations that it improperly confiscated 1,112 vehicles from military members, the largest settlement ever obtained in a case involving repossessions of automobiles with delinquent loans.

Catherine Pulley, a spokeswoman for Wells Fargo, declined to comment. Spokesmen for the Justice Department and the Office of the Comptroller of the Currency, which regulates Wells Fargo’s banking unit, also declined to comment.

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Indiana Secretary of State Lawson Reaches Settlement with JPMorgan Chase

INDIANAPOLIS –

The Indiana Secretary of State’s office has announced a settlement with New York-based JPMorgan Chase & Co. (NYSE: JPM) over the company’s investment advisory business in Indiana. The $950,000 settlement comes after Connie Lawson’s office alleged the company did not disclose important information regarding its investment services to clients.

The Secretary of State’s Office says between 2008 and 2014, JPMorgan Chase did not inform clients of its use of a model that guided clients to purchase the company’s proprietary products. Lawson says there was no substantial difference between JPMorgan’s products and a third-party product.

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