Texas Installment Loans – Uncharted 3 Blog http://uncharted3blog.com/ Wed, 16 Nov 2022 16:05:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://uncharted3blog.com/wp-content/uploads/2021/05/default.png Texas Installment Loans – Uncharted 3 Blog http://uncharted3blog.com/ 32 32 Best Savings Stocks for 2022 https://uncharted3blog.com/best-savings-stocks-for-2022/ Wed, 16 Nov 2022 16:05:25 +0000 https://uncharted3blog.com/best-savings-stocks-for-2022/ Thrift institutions are lending again and their stock prices have reflected the renewed confidence. The best savings stocks for 2022 are those that will benefit from this positive outlook. These lenders are mostly local operators, usually focused on small businesses and consumers in their communities. Their owners are usually the local community or a not-for-profit […]]]>

Thrift institutions are lending again and their stock prices have reflected the renewed confidence. The best savings stocks for 2022 are those that will benefit from this positive outlook. These lenders are mostly local operators, usually focused on small businesses and consumers in their communities. Their owners are usually the local community or a not-for-profit organization that has specific charitable objectives with respect to their investment strategy; reinvest profits in the services they provide and avoid paying dividends as much as possible. This limits potential earnings growth, but makes it a safer bet in an uncertain market. Here is our list of the best thrift stores shares to buy for 2022 and beyond.

Synchrony Financial

Synchrony Financial is a great savings stock to buy. The company is a well-known provider of private label credit card services. A major customer is retail giant Walmart, where customers earn points for discounts on merchandise. The company’s other clients include Amazon, Lowe’s and Home Depot. Synchrony also issued a credit card to members of the Amazon Prime loyalty program. In recent years, Synchrony has diversified its business model to prepare for the potential effects of a downturn in the retail industry. It expanded its installment loan portfolio and increased its presence in the small business credit market.

Bank of the First Republic

First Republic is another great thrift stock to buy. This bank specializes in wealth management for wealthy individuals and families. Its clients tend to have large discretionary incomes and a higher savings rate than the general population. First Republic aims to position itself as a financial advisor to its clients, helping them plan for retirement, save for children’s education and protect against risk. It has a strong brand, focused on customer service and a background in cybersecurity. First Republic has a long history of socially responsible lending policies, including a general aversion to investing in tobacco, firearms, and fossil fuel companies. It also has a policy of not investing in highly leveraged companies.

Capital one

Capital One Financial is a highly diversified financial services company that serves a wide range of customers, from young adults to seniors. It operates across multiple channels, including credit cards and loans, bank deposits, and online/mobile banking. Capital One has a strong presence in the credit card market, with one of the most recognizable brands thanks to its “What’s in Your Wallet?” advertising campaign. The company also offers auto loans, mortgages and investment products. Capital One has recently focused on growing its small business lending segment, helping growing businesses in an industry that has otherwise seen a decline in lending.

MUFG Union Bank

MUFG Union Bank is a subsidiary of the Japanese bank MUFG. It is one of the largest savings institutions in the world, with a presence in more than 30 states and territories in the United States and $95 billion in assets under management. MUFG Union Bank specializes in lending to small and medium enterprises. It has a strong presence in California, New York and Texas and has partnered with local businesses to provide financing while helping them with tax, accounting and marketing services. Union Bank is a member of the New York Clearing House, a step toward full membership in the Federal Reserve System. Authorities pre-approved its candidacy in 2015, but the bank has yet to apply for full membership. Achieving this status would significantly reduce its costs and boost its credibility, making it a great savings stock to buy.

American Express

American Express is a household name, but it is also a savings institution, although it has changed its business model to become a bank. The company was founded in 1850 as a cross-border service provider, moving funds between countries through letters of credit. American Express has since become a major credit card provider and a leading provider of travel and rewards cards. It has also expanded its services to include small business and consumer loans. AmEx has a history of responsible business practices and a reputation for providing high quality customer service. It has great brand recognition, a large customer base, and access to capital, making it a great savings stock to buy.

Discover financial services

Discover Financial Services is a diversified financial services provider that serves a wide range of customers, from those looking for credit cards to those looking for a mortgage. It also provides payment processing and other services to retailers, including gift cards, payroll and other payment systems. Discover owns a number of popular credit card brands, including Discover, Discover Student, and the eponymous Diners Club. It is also well known for its cashback program, where customers receive a certain percentage of the amount spent each time. The company has a solid reputation for responsible lending practices, but it faces growing criticism for allegedly high default rates. Discover also recently came under fire for a change in its cashback policy.

At the end of the line

The best savings stocks for 2022 and beyond are those that have demonstrated a commitment to responsible business practices. This includes minimizing the risk of default and providing customers with a high level of customer service. But while they may be interesting for customers, they are not necessarily so for investors. Thrift institutions tend to be locally concentrated, which means that their profits are not widely distributed in the form of dividends. This limits potential gains, making these stocks less attractive to investors looking for high yields. Still, the best savings stocks should be relatively safe investments in an unpredictable market with a lot of uncertainty.

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Cullen/Frost Bankers – Consensus indicates 11.2% upside potential https://uncharted3blog.com/cullen-frost-bankers-consensus-indicates-11-2-upside-potential/ Tue, 15 Nov 2022 16:20:09 +0000 https://uncharted3blog.com/cullen-frost-bankers-consensus-indicates-11-2-upside-potential/ Cullen/Frost Bankers found using the ticker (CFR) now have 13 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low is between 180 and 148 calculating the average target price we see 162.08. Given that the stock’s previous close was at 145.71, […]]]>

Cullen/Frost Bankers found using the ticker (CFR) now have 13 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low is between 180 and 148 calculating the average target price we see 162.08. Given that the stock’s previous close was at 145.71, this indicates that there is upside potential of 11.2%. The 50-day moving average now stands at 143.37 while the 200-day moving average is at 134.58. The market cap of the company is $9,354 million. Visit the company’s website at: https://www.frostbank.com

The potential market capitalization would be $10,405 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

Cullen/Frost Bankers operates as a bank holding company for Frost Bank which provides commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The Company provides commercial banking services to corporate and other commercial clients, including industrial and commercial property financing, industrial and commercial property-related interim construction, equipment, inventory and accounts receivable, and acquisitions; commercial lease; and cash management services. It also provides consumer banking services, such as checking accounts, savings programs, automated teller machines (ATMs), overdraft facilities, home and installment loans, home equity loans and credit lines. credit, drive-thru and overnight deposit services, facility safes and brokerage services. In addition, the company offers international banking services including deposits, loans, letters of credit, overseas collections, funds and foreign exchange services. In addition, he acts as correspondent for approximately 171 financial institutions; provides trust, investment, agency and custodial services to individuals and businesses; provides capital market services which include sales and trading, new issue underwriting, money market trading, securities advisory, custody and clearing; and supports international business activities. In addition, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as provides investment management services for mutual funds, institutions and individuals managed by Frost. It operates approximately 157 financial centers and 1,650 ATMs. The company serves the energy, manufacturing, service, construction, retail, telecommunications, healthcare, military and transportation industries. Cullen/Frost Bankers was founded in 1868 and is headquartered in San Antonio, Texas.

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Cullen/Frost Bankers – Consensus Point to 3.1% Upside Potential https://uncharted3blog.com/cullen-frost-bankers-consensus-point-to-3-1-upside-potential/ Tue, 25 Oct 2022 11:58:24 +0000 https://uncharted3blog.com/cullen-frost-bankers-consensus-point-to-3-1-upside-potential/ Cullen/Frost Bankers found using the ticker (CFR) now have 13 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 162 and 132 by calculating the average target price we have 146.54. Now, with the previous closing price of 142.08, this would imply an upside potential of 3.1%. There […]]]>

Cullen/Frost Bankers found using the ticker (CFR) now have 13 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 162 and 132 by calculating the average target price we have 146.54. Now, with the previous closing price of 142.08, this would imply an upside potential of 3.1%. There is a 50 day moving average of 137.95 and the 200 day moving average is 133.37. The company has a market cap of $9,064 million. Company website: https://www.frostbank.com

The potential market capitalization would be $9,349 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

Cullen/Frost Bankers operates as a bank holding company for Frost Bank which provides commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The Company provides commercial banking services to corporate and other commercial clients, including industrial and commercial property financing, industrial and commercial property-related interim construction, equipment, inventory and accounts receivable, and acquisitions; commercial lease; and cash management services. It also provides consumer banking services, such as checking accounts, savings programs, automated teller machines (ATMs), overdraft facilities, home and installment loans, home equity loans and credit lines. credit, drive-thru and overnight deposit services, facility safes and brokerage services. In addition, the company offers international banking services including deposits, loans, letters of credit, overseas collections, funds and foreign exchange services. In addition, he acts as correspondent for approximately 171 financial institutions; provides trust, investment, agency and custodial services to individuals and businesses; provides capital market services which include sales and trading, new issue underwriting, money market trading, securities advisory, custody and clearing; and supports international business activities. In addition, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as provides investment management services for mutual funds, institutions and individuals managed by Frost. It operates approximately 157 financial centers and 1,650 ATMs. The company serves the energy, manufacturing, service, construction, retail, telecommunications, healthcare, military and transportation industries. Cullen/Frost Bankers was founded in 1868 and is headquartered in San Antonio, Texas.

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United States House Final Approvals. Budzinski, Underwood, King – Chicago Tribune https://uncharted3blog.com/united-states-house-final-approvals-budzinski-underwood-king-chicago-tribune/ Sat, 22 Oct 2022 10:00:00 +0000 https://uncharted3blog.com/united-states-house-final-approvals-budzinski-underwood-king-chicago-tribune/ This is the latest installment of endorsements from the Tribune editorial board for the U.S. House races in the Nov. 8 general election. 12th District After Joe Biden won the 2020 presidential election, President Donald Trump loyalists launched a lawsuit in Texas in a bogus attempt to overturn Biden’s legitimate victory. Many of Trump’s enablers […]]]>

This is the latest installment of endorsements from the Tribune editorial board for the U.S. House races in the Nov. 8 general election.

12th District

After Joe Biden won the 2020 presidential election, President Donald Trump loyalists launched a lawsuit in Texas in a bogus attempt to overturn Biden’s legitimate victory. Many of Trump’s enablers in Congress signed a brief in support of the half-baked effort, including U.S. Representative Mike Bost, a Republican from downstate Murphysboro. The U.S. Supreme Court dismissed the lawsuit, but Illinois must never forget the cynical refusal of Bost and other Trump supporters to accept that the former president was undeniably defeated.

Bost’s Democratic opponent, Homer “Chip” Markel of Carbondale, is a retired corrections officer from Illinois who needs local political experience before making the jump to Congress.

Bost has served as that district’s representative in Washington since 2015, but we can’t support him in this race. No approval.

13th District

It’s not just the Republican nominee vying for this remapped downstate district who thinks Biden’s decision to write off college debt is a bad way to spend American taxpayers’ money.

“I don’t think that’s the best way to tackle college affordability,” Democrat Nikki Budzinski said at a candidates’ forum hosted by Illinois Public Media this month. “I’m concerned about how we would pay for this type of initiative.” Budzinski thinks a better approach would be to allow students to refinance their loans the same way homeowners refinance their mortgages. Makes sense.

Budzinski’s resume includes work as Governor JB Pritzker’s senior adviser on labor issues, as well as chief of staff for Biden’s Office of Management and Budget. His moderate views and solid background should appeal to voters in this district, which stretches from East St. Louis to Champaign and includes parts of Decatur and Springfield. She is also a strong supporter of abortion rights and champions gun control measures such as the federal ban on assault weapons.

His Republican opponent, Regan Deering, is a Decatur philanthropist and the granddaughter of the late Archer Daniels Midland CEO Dwayne Andreas. Deering supported the Supreme Court’s overturning of Roe v. Wade and sees no need for new gun control measures in the wake of recent mass shootings in Highland Park, Uvalde, Texas and Buffalo. “I think we have good laws on the books,” she told the forum. Budzinski is the best choice for this neighborhood and gets our approval.

U.S. Representative Lauren Underwood speaks with students about mental health issues at Neuqua Valley High School on April 18, 2022 in Naperville.

14th District

Democratic incumbent Lauren Underwood of Naperville likes to tout her track record to get things done in Washington — and she should.

After joining Congress in 2019, she had 10 of her bills signed into law, six under President Trump and four under Biden. One of these bills made lower-cost generic insulin available to patients more quickly. She was also accessible to residents of this western suburban neighborhood, holding more than 40 town hall meetings to better understand voter concerns. She is a passionate supporter of abortion rights and calls the work of the House committee investigating the Jan. 6, 2021, uprising on Capitol Hill “remarkable.”

His Republican opponent, Scott Gryder of Oswego, continues to dodge the question of whether he thinks Biden was legitimately elected president. He told us that “in the rush to confirm Joe Biden’s election by interested parties, evidence of election irregularities was not fully considered.” Gryder, who is Kendall County Council chairman, is doing his party, or America for that matter, a disservice by stoking doubt about the results of the 2020 presidential election. Our endorsement goes to Underwood.

15th District

It would be hard to find anyone more entrenched in the Trump camp than South Oakland Republican incumbent Mary Miller. On January 6, 2021, she voted against certifying Joe Biden’s election as president, falsely claiming the results were tainted with voter fraud. She also called the House’s effort to investigate the Jan. 6 Capitol uprising a “sham” and said the best way to fight authoritarian dictators is to “re-elect Donald Trump.” It’s a ridiculous idea. //

Miller’s opponent, Democrat Paul Lange, is a retired commodities broker from Quincy who is running a grassroots campaign. We don’t do any endorsements in this race.

16th District

When a politician makes a decision with potentially disastrous ramifications for American democracy, it can undermine everything else he has done in power. This is the case of US Representative Darin LaHood, a Republican from Peoria.

We supported him in 2016, 2018 and 2020, viewing him as an independent, principled conservative who called on Democrats to spend recklessly and supported free and fair trade deals that were good for farmers in his district. But like his downstate GOP colleague Mike Bost, LaHood signed a court brief in support of a specious last-minute effort by Texas to nullify the 2020 presidential election by invalidating Biden’s victories. in Michigan, Georgia, Pennsylvania and Wisconsin based on unsubstantiated allegations of fraud.

He also voted against impeaching Trump after the Jan. 6, 2021, uprising on Capitol Hill. To his credit, on Jan. 6, he voted to certify Biden as president and told us that nullifying the Electoral College results “would far exceed the power granted to Congress and the vice president in the Constitution, would set a bad precedent and usurp”. the will of the American people. We commend him for that, but we cannot endorse his decision just after the election to join the amicus curiae brief from Texas.

Her opponent is Democrat Lisa Haderlein, a city councilwoman from the northwest suburb of Harvard, who admitted to Us that she doesn’t have “all the answers, but I’m compassionate and hardworking.” The Tribune makes no endorsement in this race.

Esther Joy King, Republican candidate for the 17th congressional district, greets volunteers at her campaign headquarters on September 15, 2022 in Moline.

17th district

Republican Esther Joy King, 36, says she can sympathize with families struggling to bear the blow of rising inflation. She grew up in Juarez, Mexico, and for the first three years of her life her family was homeless. She blames the Biden administration’s spending policies for the shape the economy is in right now. “People in northwest and central Illinois are struggling and all the administration can talk about is more spending,” she told us.

The East Moline lawyer’s impressive experience includes work as a women’s rights aid worker in Afghanistan and service as a member of the US Army Reserve Judge Advocate General Corps. Her Democratic opponent, Eric Sorensen, is a 46-year-old former meteorologist from Rockford who supports federal codification of women’s abortion rights and reform of the congressional budget process to reduce the federal deficit.

That’s fine, but our support in the 17th goes to the Republican, King.

Join the discussion on Twitter @chitribopinions and on Facebook.

Submit a letter of no more than 400 words to the editor here or email letters@chicagotribune.com.

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Fifth Circuit Court of Appeals invalidates the small dollar rule and questions the future of the CFPB https://uncharted3blog.com/fifth-circuit-court-of-appeals-invalidates-the-small-dollar-rule-and-questions-the-future-of-the-cfpb/ Thu, 20 Oct 2022 20:26:15 +0000 https://uncharted3blog.com/fifth-circuit-court-of-appeals-invalidates-the-small-dollar-rule-and-questions-the-future-of-the-cfpb/ On October 19, 2022, the Fifth Circuit Court of Appeals gave his opinion in American Community Financial Services Association, et al. vs. CFPB (CFSA v. CFPB) invalidating the CFPB rule on payday, vehicle title and certain high-cost installment loans (Little dollar rule). The decision of the three-member panel calls into question the future viability of […]]]>

On October 19, 2022, the Fifth Circuit Court of Appeals gave his opinion in American Community Financial Services Association, et al. vs. CFPB (CFSA v. CFPB) invalidating the CFPB rule on payday, vehicle title and certain high-cost installment loans (Little dollar rule). The decision of the three-member panel calls into question the future viability of the CFPB by declaring the regulator’s funding mechanism unconstitutional.

In 2017, the CFSA and the Consumer Service Alliance of Texas sued the CFPB to challenge the agency’s small dollars rule. In particular, the plaintiffs argued that in enacting the rule, the Bureau acted arbitrarily and capriciously and exceeded its statutory authority. Additionally, the plaintiffs alleged that the CFPB was unconstitutionally structured because the CFPB Director’s protection from impeachment and the CFPB’s independent funding mechanism violated the principles of separation of powers.

Although the panel concluded that “for the most part, Plaintiff’s claims miss their mark. . . an arrow. . . found its target: Congress’s decision to abdicate its appropriation power under the Constitution, that is, to cede its purse power to the Board, violates the Constitution’s structural separation of powers. Accordingly, the court reversed the decision of a district court render an interim judgment in favor of the CFPBand canceled the small dollar rule.

What happens afterwards? The CFPB has the option of either requesting a bench a rehearing in the full Fifth Circuit Court of Appeals or the filing of a petition for certiorari in the United States Supreme Court. Of course, the immediate effect is that the small dollar rule will continue to be suspended for the foreseeable future. Additionally, the decision itself only binds the federal Fifth Circuit courts and does not immediately affect the Bureau’s broader operations. As such, we can expect that the CFPB can continue to operate normally, despite the injection of uncertainty as to the validity of any future actions it might take.

Nonetheless, the substance of the panel’s decision calls into question all of the CFPB’s regulatory, supervisory and enforcement activities. Indeed, the panel states that “[b]Since the funding employed by the Bureau to enact the payday loan rule was drawn entirely from the agency’s unconstitutional funding scheme, there is a linear connection between the crippled provision (the Bureau’s funding mechanism) and the challenged action (promulgation of the rule). In other words, without its unconstitutional funding, the Bureau had no other means of enacting the rule. This reasoning is arguably applicable to all CFPB activities and could pose a significant challenge to the future viability of the CFPB in the absence of Congressional action.

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Comerica Incorporated – Consensus Indicates 27.0% Upside Potential https://uncharted3blog.com/comerica-incorporated-consensus-indicates-27-0-upside-potential/ Tue, 18 Oct 2022 13:09:09 +0000 https://uncharted3blog.com/comerica-incorporated-consensus-indicates-27-0-upside-potential/ Comerica Incorporated with ticker code (CMA) now have 19 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low is between 114 and 77 and has an average objective at 91.59. Given that the stock’s previous close was at 72.11, this would […]]]>

Comerica Incorporated with ticker code (CMA) now have 19 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low is between 114 and 77 and has an average objective at 91.59. Given that the stock’s previous close was at 72.11, this would indicate that there is 27.0% upside potential. The 50-day moving average now sits at 78.79 and the 200-day moving average is at 83.94. The company has a market capitalization of $9,433 million. You can visit the company’s website by visiting: https://www.comerica.com

The potential market capitalization would be $11,982 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

Comerica Incorporated, through its subsidiaries, offers various financial products and services. It operates through commercial banking, retail banking, wealth management and finance segments. The Commercial Banking segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, management services foreign exchange and loan syndication services for small and medium market businesses. , multinationals and government entities. The Retail Banking segment provides personal financial services, such as consumer loans, collection of consumer deposits and origination of mortgage loans. This segment also offers various consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgages, as well as commercial products and services to micro-enterprises. The Wealth Management segment provides products and services comprising trust, private banking, retirement, investment management and advisory, and investment banking and brokerage. This segment also sells annuity products, as well as life, disability and long-term care insurance products. The Finance segment is engaged in securities portfolio and asset and liability management business. It operates in Texas, California, Michigan, Arizona, Florida, Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

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ON THIS DAY IN HISTORY https://uncharted3blog.com/on-this-day-in-history/ Fri, 14 Oct 2022 11:51:46 +0000 https://uncharted3blog.com/on-this-day-in-history/ ON THIS DAY IN 1928the Brooklyn Daily Eagle reported: “Hit the band! This week, with the sound of red lights, fine oratory and the sounding of trumpets, the campaigns of the candidates on the Democratic and Republican state tickets will begin in upstate counties. Tuesday morning Atty. General Albert Ottinger, after his notification ceremony at […]]]>

ON THIS DAY IN 1928the Brooklyn Daily Eagle reported: “Hit the band! This week, with the sound of red lights, fine oratory and the sounding of trumpets, the campaigns of the candidates on the Democratic and Republican state tickets will begin in upstate counties. Tuesday morning Atty. General Albert Ottinger, after his notification ceremony at the Astor Hotel the previous night, will board the four cars reserved for him at the back of the Buffalo express bound for the towns above the Bronx which he hopes to lived up to their reputation this year of being staunchly Republican. On Wednesday morning, Franklin D. Roosevelt, traveling by train the first day, by motor thereafter, will invade the Republican belt in the southern part of the counties, hammering Republican majorities in rural sections where sentiment for Ottinger has never reached the boiling point. indicate. Both candidates will be aware that they are running in a presidential year and that the Empire State is predominantly Republican. For Ottinger, this will be an advantage; for Roosevelt, a disadvantage.

***

ON THIS DAY IN 1950the Eagle reported, “WASHINGTON (UP) – Starting today, new government credit restrictions will make it harder to buy automobiles, televisions and dozens of other consumer items on time. In a An anti-inflationary measure announced last night, the Federal Reserve tightened credit restrictions issued last month, to require larger down payments on many items and shorter periods to repay the balance of the purchase price. installment purchase requirements: 1. Automobiles — 1/3 down payment — same as before — but 15 months instead of 21 to pay balance 2. Appliances — 25% down payment instead of 15 % and the maximum payment period reduced from 18 to 15 months; 3. Furniture and carpets — The down payment will be 15% instead of 10 and the balance must be paid off in 15 months instead of 18; 4. Unclassified loans – Must be repaid in 15 months instead of 18. The Administration des anc Veterans Affairs has meanwhile eased some of its new home loan restrictions to give needy World War II veterans up to 30 years to pay off mortgages. The VA said earlier it would allow a maximum reimbursement period of just 25 years, but the agency has agreed to approve terms of up to 30 years if needed to help the veteran cope. to monthly payments.

***

ON THIS DAY IN 1951the Eagle reported: “Housewives were told yesterday to stock up on food for the day when an atomic bomb might cut off their normal supply. Lt. Gen. Clarence R. Huebner, director of the New York State Civil Defense Commission, said every household in possible atomic bomb target areas should augment their current food stocks with a reserve of ” four to five days. He said this supply reserve, including beverages, should be available “because an atomic attack would likely disrupt electricity, gas, water and transportation services.” “Thousands of people would be homeless and without their own food,” Huebner said, “but those whose homes aren’t destroyed will be able to feed themselves if they follow the state’s CD plan and have adequate food supplies at residence”. Huebner said he issued a directive to local DC directors, urging them to encourage families to use this state DC food plan. He stressed that the plan did not mean that hoarding should be practiced.

***

ON THIS DAY IN 1954a Eagle The editorial read: “Harris J. Klein, an outspoken member of the Brooklyn Transit Authority, proposed that schedules showing the schedule for subway trains between 10 p.m. and 6 a.m. be posted at each station. This is the period when trains run on a reduced schedule. We think it’s a great idea. As Mr. Klein points out, there has been a sharp increase in crime on deserted subway platforms. It follows that if users were informed in advance of the arrival of trains, they could avoid the long and sometimes dangerous wait. We hope that the Plenary Authority will immediately adopt this measure as a public service. The suggestion is typical of Mr. Klein’s sincere concern for the welfare of the traveling public.

***

Bailiff
Chris Pizzello/AP
Stacy Keibler
Chris Pizzello/Invision/AP

NOTABLE PEOPLE BORN ON THIS DAY include fashion designer Ralph Lauren, born in 1939; former NY Mets outfielder Art Chamsky, born in 1941; Rock and Roll Hall of Fame Justin Hayward (The Moody Blues), born in 1946; former National League batting champion Al Olivier, born in 1946; biotechnologist Craig Venter, born in 1946; World Golf Hall of Fame Beth Daniel, born in 1956; “Point Break” Star Lori Petty, born in 1963; former NY Yankees coach Joe Girardi, born in 1964; Sportscaster Stephen A. Smith, who was born in 1967; The Chick Singer Natalie Maine, born in 1974; singer-songwriter Bailiff, who was born in 1978; wrestler and actress Stacy Keibler, born in 1979; and star of “Girl Meets World” Rowan Blanchardborn in 2001.

Joe Girardi
Miles Kennedy/MLB Photos via AP

***

A BORN LEADER: Dwight D. Eisenhower was born on this day in 1890. Nicknamed “Ike”, the Texas native was the Supreme Allied Commander in Western Europe during World War II. He then served two terms as President of the United States from 1953 to 1961. His popular presidency coincided with a postwar boom of prosperity and optimism. He died in 1969.

***

A MAN OF PEACE: The Reverend Martin Luther King Jr. was awarded the Nobel Peace Prize that day in 1964. King was the youngest recipient at that time and donated his award ($54,000) to further efforts of the civil rights movement.

***

Special thanks to “Chase’s Calendar of Events” and Brooklyn Public Library.

Quoteable:

“In preparing for battle, I have always found that plans are useless, but planning is essential.”

– General Dwight D. Eisenhower, born on this day in 1890

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CFPB issues consent order against money transfer company for payout failures – Financial Services https://uncharted3blog.com/cfpb-issues-consent-order-against-money-transfer-company-for-payout-failures-financial-services/ Thu, 13 Oct 2022 01:38:06 +0000 https://uncharted3blog.com/cfpb-issues-consent-order-against-money-transfer-company-for-payout-failures-financial-services/ October 13, 2022 Goodwin Procter LLP To print this article, all you need to do is be registered or log in to Mondaq.com. On October 4, 2022, the Consumer Financial Protection Bureau (CFPB) announcement that he issued a consent order against a non-bank provider of a money transfer service for multiple violations of […]]]>

To print this article, all you need to do is be registered or log in to Mondaq.com.

On October 4, 2022, the Consumer Financial Protection Bureau (CFPB) announcement that he issued a consent order against a non-bank provider of a money transfer service for multiple violations of the Electronic Fund Transfer Act (EFTA), 15 USC § 1693 and following., and its implementing regulation E, 12 CFR Part 1005, including that the company did not specifically disclose certain money transfer fees, exchange rates, or when the recipient would receive the funds. The CFPB alleged in the consent order that in addition to these violations, the company had deficient practices to allow consumers to dispute erroneous transactions and receive a refund. The consent order requires the company to pay a fine of nearly $1 million.

The CFPB action follows a 2020 review of the company, which led to an investigation into whether the company violated the funds transfer rule, 12 CFR § 1005.30 and following., which requires that certain information be provided to consumers who use ATMs or send funds electronically. According to the consent order, the CFPB found that the company violated the funds transfer rule in at least ten ways:

  • He “disclosed inaccurate ‘date available’ information to certain senders on the disclosures indicating a date that was not the last date funds would be available”, and his “point of sale receipts indicated the date of availability as the same date as the transfer date.” Consent Order ⁋⁋ 17-18.

  • It “disclosed exchange rates…which consistently showed an exchange rate of 0.00, which is inaccurate”.
    ID. ⁋ 23.

  • It “did not accurately characterize certain types of ‘transfer fees’ in pre-payment disclosures and receipts provided to senders”. ID. ⁋ 29.

  • Its “English and Spanish point-of-sale prepayment disclosure templates” did not use the terms it was required to use when making the required disclosure to consumers, or terms that were substantially similar to the required terms. ID. ⁋⁋ 34, 36, 38, 40.

  • Its “written disclosures . . . disclose the required terms in a font size of less than eight points”. ID. ⁋ 45.

  • He “repeatedly failed to refund charges when a shipper correctly submitted an error notice alleging an error in the availability date and
    [the company] determined that such an error has occurred.”
    ID. ⁋ 50.

  • In its “Point of Sale Receipts, and Disclosure and Prepayment Receipt website and mobile app, [the company]disclosed the exchange rate as a string of numbers with no currency designation or indication of the particular currency to or from which the disclosed rate was converted”, and therefore “did not clearly and conspicuously disclose exchange rate”.
    ID. ⁋⁋ 55-56.

  • It “has not provided disclosures in English and in the foreign language used by the Sender to conduct a transaction or primarily used by [the company] advertise” and “[i]n point-of-sale transactions that meet Spanish reporting requirements, [the company]Agents only provided the information in Spanish and not in the two required languages.”
    ID. ⁋⁋ 60-61.

  • It “did not obtain consumer consent before providing receipts in electronic form on its mobile app and website platforms.” ID. ⁋ 65.

  • It “did not have policies and procedures designed to ensure compliance with the specific document retention requirements of the remittance rule of § 1005.33(g)(2)”, nor did its “policies and procedures no longer take into account [several
    other] provisions of the discount rule. » ID. ⁋⁋ 71-73.

In addition, the Consent Order alleges that the company violated Regulation E by failing to maintain evidence demonstrating its compliance with the error resolution requirements of the Funds Transfer Rule, and that it violated EFTA by including an improper waiver of consumer rights in its point-of-sale disclosures. ID. ⁋⁋ 75-83.

This is the CFPB’s fourth enforcement action in the Chopra era focused on alleged EFTA violations, and the second action in the same period that focuses specifically on the transfer of funds rule. .

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]]> Definition of digital assets: the view of the tax code – https://uncharted3blog.com/definition-of-digital-assets-the-view-of-the-tax-code/ Mon, 10 Oct 2022 09:53:42 +0000 https://uncharted3blog.com/definition-of-digital-assets-the-view-of-the-tax-code/ October 10, 2022 Jones Day To print this article, all you need to do is be registered or log in to Mondaq.com. In June 2022, Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the Responsible Financial Innovation Act (the “Bill”), one of the most comprehensive responses from Congress to date regarding digital […]]]>

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In June 2022, Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the Responsible Financial Innovation Act (the “Bill”), one of the most comprehensive responses from Congress to date regarding digital assets and their important role in the US economy. The legislation offered a governance and definitional framework for digital assets in many areas of law, including taxation. While this bill is unlikely to pass given the limited time remaining for the 117th Congress, the bill’s support for positions endorsed by the cryptocurrency industry is welcome. And it is widely expected that aspects of this bipartisan bill will be incorporated into subsequent legislation and likely shape debate in future sessions of Congress.

In this white paperwe discuss some of the most important tax proposals in the bill.

Read it white paper.

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5 things to know about Steve Lacy https://uncharted3blog.com/5-things-to-know-about-steve-lacy/ Wed, 05 Oct 2022 19:03:00 +0000 https://uncharted3blog.com/5-things-to-know-about-steve-lacy/ Steve Lacy After weeks of languishing in the top 10 of the Hot 100 behind hits like Harry Styles’ “As It Was,” Steve Lacy’s “Bad Habit” finally climbs to the top spot on the biggest and most competitive music chart. . in the USA The tune, which has proven to be a huge hit on […]]]>
Steve Lacy

After weeks of languishing in the top 10 of the Hot 100 behind hits like Harry Styles’ “As It Was,” Steve Lacy’s “Bad Habit” finally climbs to the top spot on the biggest and most competitive music chart. . in the USA

The tune, which has proven to be a huge hit on streaming platforms and with young audiences, is the premier champion for guitarist, singer, songwriter and producer Lacy, who has been in the industry for years.

So who is this multi-talented figure who now rules America with the #1 song? Here are five things to know about Steve Lacy.

He identifies as bisexual

As of 2017, Lacy has publicly stated that he identifies as bisexual.

“As a kid, I just thought it would be a fantasy. Am I kissing a boy?” he shared in an interview with The Guardian. He added: “It was so outside of anything I could get; it sounds crazy, electrifying, that it could ever happen to me.

He described that when he was growing up, he didn’t feel like he saw LGBTQ men he identified with, and his surroundings made him believe he wouldn’t act on his impulses. That likely changed in the years since, and he now seems very comfortable discussing his sexuality.



He is also in a group

Lacy is currently making a name for himself as a solo star, but before going solo he garnered critical acclaim and some commercial success as a member of a band.

The chart topper is part of alternative R&B group The Internet, who have released several albums together.

Although the collective has been largely silent for several years now, it doesn’t appear that they’ve officially split up, so new music could be coming anytime.

He has been nominated for several Grammys

As a member of The Internet, Lacy earned two Grammy nominations, both in the relatively new category of Best Urban Contemporary Album.

His first nod came to him in 2016 for The Internet’s album Death of the egoand he was back for another shot at fame in 2020 with his first solo effort Apollo XXI.

Although he didn’t win any trophies, he could very well earn several more nods at the next ceremony.



He’s worked with so many amazing musicians

Throughout his career, Lacy has worked with some of the most talented and beloved musicians in the industry in one way or another. He has collaborated with tons of well-known artists, sometimes as an artist, while other times it’s as a songwriter or producer.

Lacy’s discography includes collaborations with Kendrick Lamar, Calvin Harris, Tyler, the Creator, Frank Ocean, Vampire Weekend, Chloe x Halle, Solange and J. Cole, to name a few.

He started early

Lacy joined the internet in 2015, when he was probably only 17 years old. He earned his first Grammy nomination at the age of 17 or 18, an incredible feat for someone so young.

He is now only 22 years old and reaching new heights of popularity, critical acclaim and chart success. It’s impressive for someone in their early twenties to reach the top spot on the Hot 100, but it’s important to remember that Lacy has already been in the music business for over half a decade.


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