Texas Title Loans – Uncharted 3 Blog http://uncharted3blog.com/ Fri, 11 Jun 2021 19:56:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://uncharted3blog.com/wp-content/uploads/2021/05/default.png Texas Title Loans – Uncharted 3 Blog http://uncharted3blog.com/ 32 32 What its path to federal public holiday looks like https://uncharted3blog.com/what-its-path-to-federal-public-holiday-looks-like/ https://uncharted3blog.com/what-its-path-to-federal-public-holiday-looks-like/#respond Thu, 10 Jun 2021 22:59:21 +0000 https://uncharted3blog.com/what-its-path-to-federal-public-holiday-looks-like/ Why Juneteenth is a holy day for African Americans Juneteenth is the oldest known celebration of the end of slavery in the United States. From the moment Major General Gordon Granger uttered the words “all slaves are free” in the city of Galveston, Texas, Juneteenth was celebrated in the United States. On the morning of […]]]>


From the moment Major General Gordon Granger uttered the words “all slaves are free” in the city of Galveston, Texas, Juneteenth was celebrated in the United States.

On the morning of June 19, 1865, Granger was standing atop Ashton Villa’s balcony reading General Order # 3.

“The people of Texas are told that, according to a proclamation by the executive of the United States, all slaves are free,” said Granger, freeing slaves from the most Western slave state and giving birth to the most ancient known celebration of the end of slavery.

The former slaves rejoiced. Finally, freedom had come. Many ran away from their former owners before Granger finished reading the order. Others stopped to celebrate, dance, eat a barbecue and drink strawberry soda – traditions that are still observed today.

The commemoration was mainly confined to Texas for many years, but became a day that African Americans could hold on to as Independence Day.

Even though it has been celebrated for 156 years and is recognized in one form or another in 47 states and the District of Columbia, Juneteenth is not a federal holiday.

But there is a bill in Congress that tries to change that.

National Independence Day Act of June 17

On February 25, 2021, Democrats in the House and Senate introduced the June 15 National Independence Day law. That would make June 12 the 12th federal holiday, with the observation falling on June 19.

“Juneteenth honors the end of the years of suffering African Americans endured in slavery and celebrates the legacy of perseverance that has become the hallmark of the African American experience in the struggle for equality,” said Representative Sheila Jackson Lee, who presented HR 1320..

Senator Edward Markey presented the S.475 with Senator Cory Booker and Tina Smith.

“For too long we have tried to whitewash our nation’s history instead of facing the uncomfortable and painful truth,” Markey said. “This law to make Juneteenth a federal holiday is just one step we can take to start righting the wrongs of the past and ensure equal justice in the future.”

Juneteenth is the oldest known celebration of the end of slavery in the United States. (Source: Galveston Convention & Visitors Bureau)

The Senate bill enjoys bipartisan support. Thirty-three Democrats co-sponsored the bill while 16 Republicans did, which would indicate 52 yes votes. The addition of Markey, Smith, and Booker brings that total to 55 and brings it down to just below the amount needed to break any potential obstruction.

The 14 Democrats who are not among the co-sponsors of the bill would almost certainly push the bill above the two-thirds approval threshold. Even so, Juneteenth’s path to becoming a federal holiday is far from guaranteed.

Why adopting the Juneteenth law can be difficult

Congress has not added a federal holiday since Martin Luther King Day in 1983. And even this bill has taken many years to pass.

King was assassinated on April 4, 1968. Senator Edward Brooke and Representatives John Conyers and Charles Samuel Joelson introduced several bills that would give King a vacation.

Conyers introduced a bill to establish MLK day in every session between 1968 and 1983. None of them were put to a vote until 1979, which was not approved by two-thirds of the House.

Finally, Representative Katie Hall’s Bill HR3706 passed 338-90 in the House. When he got to the Senate he went 78-22. President Ronald Reagan promulgated it on November 2, 1983.

The Juneteenth bill has already failed recently. That same group of lawmakers introduced an identical bill last year on June 17.

RELATED: Members of Congress introduce bills to make June a federal holiday

It stalled in the Senate while Markey and Senator John Cornyn tried to pass it by unanimous consent. An objection from Republican Senator Ron Johnson derailed him, who argued the new federal holiday would cost taxpayers millions of dollars.

In 2012, Senator Key Bailey Hutchinson introduced a bill to declare Juneteenth a national day of celebration, similar to Flag Day and Patriot Day.

Hutchinson’s bill never made it out of committee. But even if it had passed, it wouldn’t have offered the same benefits as federal holidays.

What does federal public holiday status mean?

Federal holidays grant days off to federal employees across the country.

Title V of the United States Code only authorizes Congress to create public holidays for federal employees. States are not required to observe them, although many do often. And federal holidays do not impose days off for employees of private companies, although companies have included them in their list of recognized holidays.

States are allowed to create their own holidays, which is why states like Alaska, Hawaii, Maine, and Oregon have ditched the federal Columbus Day holiday instead of Indigenous Peoples Day.

And that’s what has allowed many states and businesses to declare Juneteenth a holiday on their own.

Celebrations of June 17 today

Texas became the first state to declare Juneteenth a public holiday in 1979. It was thanks to the work of State Representative Al Edwards, who passed away in April 2020.

A statue of Edwards stands in Galveston where the first and largest celebration of Juneteenth takes place.

Statue of Al-Edwards.jpg

Galveston erected a statue of Representative Al Edwards, who fought for Juneteenth to be recognized as a holiday in Texas. (Source: Galveston Convention & Visitors Bureau)

Each year, the city hosts a reenactment of the Granger’s Reading of General Order # 3. Guest speakers from all levels of government are known to visit the ceremony.

According to Doug Matthews, who has coordinated the festivities in the town of Juneteenth for decades, the celebration is not limited to a single day. Attendees can expect 12 to 15 events, such as a gala, banquet, and multiple parades.

Many companies have taken the opportunity to name Juneteenth a corporate holiday following America’s recognition of racial inequalities following the murder of George Floyd.

Big brands like Nike, Lyft, Target, Quicken Loans, and the NFL started watching Juneteenth last year. Spotify is among the organizations that approve the Juneteenth Act, along with the Leadership Conference on Civil Human Rights, NAACP, US Travel Association, American Hotel & Lodging Association, and National Juneteenth Observance Foundation.

RELATED: NFL to observe Juneteenth as a league holiday, closing all offices

“Juneteenth is a day that my late husband, Reverend Ronald Vincent Myers, Sr., MD, founder of the National Juneteenth Observance Foundation and father of the Modern-Day Juneteenth Movement, worked so feverishly to make it a day of observance.” Sylvia Holmes-Myers said.

Reverend Myers has dedicated his life to pushing for Juneteenth to be nationally recognized. His widow said he always viewed the June 17 vacation as a day of celebration and education.

“Dr. Myers believed and knew that June 19 and July 4 had completed the history of America’s freedom,” said Holmes-Myers. “I know the man I called my husband, father of my children and your Doc, is smiling from the sky knowing that finally Juneteenth is receiving the recognition she rightly deserves. It was a long time coming. “

This story was reported from Atlanta.



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What its path to federal holiday status looks like https://uncharted3blog.com/what-its-path-to-federal-holiday-status-looks-like/ https://uncharted3blog.com/what-its-path-to-federal-holiday-status-looks-like/#respond Thu, 10 Jun 2021 21:43:16 +0000 https://uncharted3blog.com/what-its-path-to-federal-holiday-status-looks-like/ Why Juneteenth is a holy day for African Americans Juneteenth is the oldest known celebration of the end of slavery in the United States. From the moment Major General Gordon Granger uttered the words “all slaves are free” in the city of Galveston, Texas, Juneteenth was celebrated in the United States. On the morning of […]]]>


From the moment Major General Gordon Granger uttered the words “all slaves are free” in the city of Galveston, Texas, Juneteenth was celebrated in the United States.

On the morning of June 19, 1865, Granger was standing atop Ashton Villa’s balcony reading General Order # 3.

“The people of Texas are told that, according to a proclamation by the executive of the United States, all slaves are free,” said Granger, freeing slaves from the most Western slave state and giving birth to the most ancient known celebration of the end of slavery.

The former slaves rejoiced. Finally, freedom had come. Many ran away from their former owners before Granger finished reading the order. Others stopped to celebrate, dance, eat a barbecue and drink strawberry soda – traditions that are still observed today.

The commemoration was mainly confined to Texas for many years, but became a day that African Americans could hold on to as Independence Day.

Even though it has been celebrated for 156 years and is recognized in one form or another in 47 states and the District of Columbia, Juneteenth is not a federal holiday.

But there is a bill in Congress that tries to change that.

National Independence Day Act of June 17

On February 25, 2021, Democrats in the House and Senate introduced the June 15 National Independence Day law. That would make June 12 the 12th federal holiday, with the observation falling on June 19.

“Juneteenth honors the end of the years of suffering African Americans endured in slavery and celebrates the legacy of perseverance that has become the hallmark of the African American experience in the struggle for equality,” said Representative Sheila Jackson Lee, who presented HR 1320..

Senator Edward Markey presented the S.475 with Senator Cory Booker and Tina Smith.

“For too long we have tried to whitewash our nation’s history instead of facing the uncomfortable and painful truth,” Markey said. “This legislation to make Juneteenth a federal holiday is just one step we can take to start righting the wrongs of the past and ensure equal justice in the future.”

Juneteenth is the oldest known celebration of the end of slavery in the United States. (Source: Galveston Convention & Visitors Bureau)

The Senate bill enjoys bipartisan support. Thirty-three Democrats co-sponsored the bill while 16 Republicans did, which would indicate 52 yes votes. The addition of Markey, Smith, and Booker brings that total to 55 and brings it down to just below the amount needed to break any potential obstruction.

The 14 Democrats who are not among the co-sponsors of the bill would almost certainly push the bill above the two-thirds approval threshold. Even so, Juneteenth’s path to becoming a federal holiday is far from guaranteed.

Why adopting the Juneteenth law can be difficult

Congress has not added a federal holiday since Martin Luther King Day in 1983. And even this bill has taken many years to pass.

King was assassinated on April 4, 1968. Senator Edward Brooke and Representatives John Conyers and Charles Samuel Joelson introduced several bills that would give King a vacation.

Conyers introduced a bill to establish MLK day in every session between 1968 and 1983. None of them were put to a vote until 1979, which was not approved by two-thirds of the House.

Finally, Representative Katie Hall’s Bill HR3706 passed 338-90 in the House. When he got to the Senate he went 78-22. President Ronald Reagan promulgated it on November 2, 1983.

The Juneteenth bill has already failed recently. That same group of lawmakers introduced an identical bill last year on June 17.

RELATED: Members of Congress introduce bills to make June a federal holiday

It stalled in the Senate while Markey and Senator John Cornyn tried to pass it by unanimous consent. An objection from Republican Senator Ron Johnson derailed him, who argued that the new federal holiday would cost taxpayers millions of dollars.

In 2012, Senator Key Bailey Hutchinson introduced a bill to declare Juneteenth a national day of celebration, similar to Flag Day and Patriot Day.

Hutchinson’s bill never made it out of committee. But even if it had passed, it wouldn’t have offered the same benefits as federal holidays.

What does federal public holiday status mean?

Federal holidays grant days off to federal employees across the country.

Title V of the United States Code only authorizes Congress to create public holidays for federal employees. States are not required to observe them, although many do often. And federal holidays do not impose days off for employees of private companies, although companies have included them in their list of recognized holidays.

States are allowed to create their own holidays, which is why states like Alaska, Hawaii, Maine, and Oregon have ditched the federal Columbus Day holiday instead of Indigenous Peoples Day.

And that’s what has allowed many states and businesses to declare Juneteenth a holiday on their own.

Celebrations of June 17 today

Texas became the first state to declare Juneteenth a public holiday in 1979. It was thanks to the work of State Representative Al Edwards, who passed away in April 2020.

A statue of Edwards stands in Galveston where the first and largest celebration of Juneteenth takes place.

Statue of Al-Edwards.jpg

Galveston erected a statue of Representative Al Edwards, who fought for Juneteenth to be recognized as a holiday in Texas. (Source: Galveston Convention & Visitors Bureau)

Each year, the city hosts a reenactment of the Granger’s Reading of General Order # 3. Guest speakers from all levels of government are known to visit the ceremony.

According to Doug Matthews, who has coordinated the festivities in the town of Juneteenth for decades, the celebration is not limited to a single day. Attendees can expect 12 to 15 events, such as a gala, banquet, and multiple parades.

Many companies have taken the opportunity to name Juneteenth a corporate holiday following America’s recognition of racial inequalities following the murder of George Floyd.

Big brands like Nike, Lyft, Target, Quicken Loans, and the NFL started watching Juneteenth last year. Spotify is one of the organizations that approve the Juneteenth Act, along with the Leadership Conference on Civil Human Rights, the NAACP, the US Travel Association, the American Hotel & Lodging Association, and the National Juneteenth Observance Foundation.

RELATED: NFL to observe Juneteenth as a league holiday, closing all offices

“Juneteenth is a day that my late husband, Reverend Ronald Vincent Myers, Sr., MD, founder of the National Juneteenth Observance Foundation and father of the Modern-Day Juneteenth Movement, worked so feverishly to make it a day of observance.” Sylvia Holmes-Myers said.

Reverend Myers has dedicated his life to pushing for Juneteenth to be nationally recognized. His widow said he always viewed the June 17 vacation as a day of celebration and education.

“Dr. Myers believed and knew that June 19 and July 4 had completed the history of America’s freedom,” said Holmes-Myers. “I know the man I called my husband, father of my children and your Doc, is smiling from the sky knowing that at last Juneteenth is receiving the recognition she rightly deserves. It was a long time coming. “

This story was reported from Atlanta.



Source link

]]>
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Speedway Motorsports Welcomes Credit Karma Money ™ As New NASCAR Partner | Business https://uncharted3blog.com/speedway-motorsports-welcomes-credit-karma-money-as-new-nascar-partner-business/ https://uncharted3blog.com/speedway-motorsports-welcomes-credit-karma-money-as-new-nascar-partner-business/#respond Tue, 08 Jun 2021 13:46:57 +0000 https://uncharted3blog.com/speedway-motorsports-welcomes-credit-karma-money-as-new-nascar-partner-business/ HAMPTON, Ga .– (BUSINESS WIRE) – June 8, 2021– Speedway Motorsports today announced a new sponsorship and advertising package partnership with Credit Karma Money ™, a one-stop destination within Credit Karma to spend and save. 1 As part of this new partnership, Credit Karma Money will become the title sponsor of the NASCAR Xfinity Series […]]]>


HAMPTON, Ga .– (BUSINESS WIRE) – June 8, 2021–

Speedway Motorsports today announced a new sponsorship and advertising package partnership with Credit Karma Money ™, a one-stop destination within Credit Karma to spend and save. 1

As part of this new partnership, Credit Karma Money will become the title sponsor of the NASCAR Xfinity Series July 10 race in Atlanta, as well as signage and other marketing and advertising assets during the NASCAR All-Star Race on the 13th. June at Texas Motor Speedway.

“Anytime you can introduce a new business or organization to NASCAR, it confirms the power of the NASCAR brand to businesses around the world,” said Kevin Camper, Sales Director for Speedway Motorsports. “We look forward to establishing a long-term, mutually beneficial relationship with Speedway Motorsports and NASCAR.”

Credit Karma Money is the latest product from Credit Karma, the platform that is already helping more than 100 million Americans make financial progress. Credit Karma Money is designed for the everyday consumer to organize their finances, create better financial habits, and access money faster.

“Just as NASCAR is a sport for every American, we created Credit Karma Money to help every American grow, no matter where they are in their financial journey, so our partnership feels natural,” said Poulomi Damany, Managing Director of Credit. Karma money and tax. “We know how excited fans are for the races this summer and we can’t wait to introduce them to Credit Karma Money.”

About Speedway Motorsports

Speedway Motorsports is one of the leading distributors, promoters and sponsors of powersports entertainment in the United States. The Company, through its subsidiaries, owns and operates the following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, Texas Motor Speedway and Kentucky Speedway. Speedway Motorsports provides souvenir merchandising services through its subsidiaries SMI Properties; manufactures and distributes smaller scale modified race cars and parts through its US subsidiary Legend Cars International; and produces and broadcasts syndicated motor sports programming to radio stations nationwide through its subsidiary Performance Racing Network.

About Credit Karma

Founded in 2007 by Ken Lin, Credit Karma is a consumer technology company with more than 110 million members in the United States, United Kingdom and Canada, nearly half of all American millennials. Although best known for pioneering free credit scores, company members look to Credit Karma for everything related to their financial goals, including identity monitoring, card applications. credit, loan purchases (auto, home and personal), high yield savings accounts and now checking accounts through our banking partner, MVB Bank, Inc., FDIC member – all for free. Find out how Credit Karma members are making financial progress on Instagram, Facebook and Twitter.

1 Banking services provided by MVB Bank, Inc., FDIC member. For Credit Karma Money Save and Spend: Maximum balance and transfer limits apply per account. For Credit Karma Money Save: Maximum of 6 withdrawals per monthly savings statement cycle.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210608005270/en/

CONTACT: Atlanta Motor Speedway Media Contact:

Dustin Bixby – (770) 946-3917

Tyler Head – (770) 946-7366

pr@atlantamotorspeedway.com

KEYWORD: NORTH CAROLINA GEORGIA TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: AUTOMOTIVE SPORTS SPORTS BANKING AUTOMOTIVE TECHNOLOGY PROFESSIONAL SERVICES ADVERTISING COMMUNICATION PERFORMANCE AND SPECIAL INTEREST MOBILE / WIRELESS FINANCING

SOURCE: Speedway Motorsports

Copyright Business Wire 2021.

PUB: 08/06/2021 09:45 / DISC: 08/06/2021 09:46

http://www.businesswire.com/news/home/20210608005270/en

Copyright Business Wire 2021.



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Speedway Motorsports Welcomes Credit Karma Money ™ as New NASCAR Partner https://uncharted3blog.com/speedway-motorsports-welcomes-credit-karma-money-as-new-nascar-partner/ https://uncharted3blog.com/speedway-motorsports-welcomes-credit-karma-money-as-new-nascar-partner/#respond Tue, 08 Jun 2021 13:45:00 +0000 https://uncharted3blog.com/speedway-motorsports-welcomes-credit-karma-money-as-new-nascar-partner/ HAMPTON, Georgia – (COMMERCIAL THREAD) – Speedway Motorsports today announced a new sponsorship and advertising package partnership with Credit Karma Money ™, a one-stop destination within Credit Karma to spend and save.1 As part of this new partnership, Credit Karma Money will become the title sponsor of the NASCAR Xfinity Series July 10 race in […]]]>


HAMPTON, Georgia – (COMMERCIAL THREAD) – Speedway Motorsports today announced a new sponsorship and advertising package partnership with Credit Karma Money ™, a one-stop destination within Credit Karma to spend and save.1

As part of this new partnership, Credit Karma Money will become the title sponsor of the NASCAR Xfinity Series July 10 race in Atlanta, as well as signage and other marketing and advertising assets during the NASCAR All-Star Race on the 13th. June at Texas Motor Speedway.

“Anytime you can introduce a new business or organization to NASCAR, it confirms the power of the NASCAR brand to businesses around the world,” said Kevin Camper, Sales Director for Speedway Motorsports. “We look forward to establishing a long-term, mutually beneficial relationship with Speedway Motorsports and NASCAR.”

Credit Karma Money is the latest product from Credit Karma, the platform that is already helping more than 100 million Americans make financial progress. Credit Karma Money is designed for the everyday consumer to organize their finances, create better financial habits, and access money faster.

“Just as NASCAR is a sport for every American, we created Credit Karma Money to help every American grow, no matter where they are in their financial journey, so our partnership feels natural,” said Poulomi Damany, Managing Director of Credit. Karma money and tax. “We know how excited fans are for the races this summer and we can’t wait to introduce them to Credit Karma Money.”

About Speedway Motorsports

Speedway Motorsports is one of the leading distributors, promoters and sponsors of powersports entertainment in the United States. The Company, through its subsidiaries, owns and operates the following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, Texas Motor Speedway and Kentucky Speedway. Speedway Motorsports provides souvenir merchandising services through its subsidiaries SMI Properties; manufactures and distributes smaller scale modified race cars and parts through its US subsidiary Legend Cars International; and produces and broadcasts syndicated motor sports programming to radio stations nationwide through its subsidiary Performance Racing Network.

About Credit Karma

Founded in 2007 by Ken Lin, Credit Karma is a consumer technology company with more than 110 million members in the United States, United Kingdom and Canada, nearly half of all American millennials. Although best known for pioneering free credit scores, company members look to Credit Karma for everything related to their financial goals, including identity monitoring, card applications. credit, loan purchases (auto, home and personal), high yield savings accounts and now checking accounts through our banking partner, MVB Bank, Inc., FDIC member – all for free. Find out how Credit Karma members are making financial progress on Instagram, Facebook and Twitter.

1 Banking services provided by MVB Bank, Inc., FDIC member. For Credit Karma Money Save and Spend: Maximum balance and transfer limits apply per account. For Credit Karma Money Save: Maximum of 6 withdrawals per monthly savings statement cycle.



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EY Announces Wayne Roberts of Abrigo as Finalist for Entrepreneur Of The Year® 2021 Central Texas Award | Texas News https://uncharted3blog.com/ey-announces-wayne-roberts-of-abrigo-as-finalist-for-entrepreneur-of-the-year-2021-central-texas-award-texas-news/ https://uncharted3blog.com/ey-announces-wayne-roberts-of-abrigo-as-finalist-for-entrepreneur-of-the-year-2021-central-texas-award-texas-news/#respond Mon, 07 Jun 2021 19:37:00 +0000 https://uncharted3blog.com/ey-announces-wayne-roberts-of-abrigo-as-finalist-for-entrepreneur-of-the-year-2021-central-texas-award-texas-news/ AUSTIN, Texas, June 7, 2021 / PRNewswire / – Ernst & Young LLP (EY US) today announced that Wayne roberts, CEO of Abrigo, was named Entrepreneur of the Year® Finalist for the Central Texas 2021 Award. Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and […]]]>


AUSTIN, Texas, June 7, 2021 / PRNewswire / – Ernst & Young LLP (EY US) today announced that Wayne roberts, CEO of Abrigo, was named Entrepreneur of the Year® Finalist for the Central Texas 2021 Award. Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and courage in the face of adversity help us catapult us to today ‘hui and beyond.

Roberts was selected by a panel of independent judges. The winners will be announced at a special virtual celebration on August 4 and become life members of an esteemed community of Entrepreneur of the Year alumni from around the world.

Entrepreneur of the Year is one of the most prestigious competitive awards programs for entrepreneurs and leaders of high growth companies. Nominees are evaluated on the basis of six criteria: entrepreneurial leadership; talent management; degree of difficulty; financial performance; societal impact and building a company based on values; and originality, innovation and plans for the future. Since its launch, the program has expanded to recognize business leaders in more than 145 cities in more than 60 countries around the world.

” To be named Central Texas finalist is a lesson in humility, but it’s more of a testament to our Penguins at Abrigo, ”said Roberts. “Abrigo is a great story and is enjoying phenomenal success despite the unprecedented events of the past 18 months. This only happens when your culture is strong and your employees are highly engaged. At Abrigo, we get results from our Penguins. Their strength and resilience have saved nearly 2.8 million jobs across America over the past year using Paycheck Protection Program software to support our clients, community financial institutions. . They are the ones who are unstoppable. “

Regional winners may be considered for the National Entrepreneur of the Year Awards, which will be announced in November at the Strategic Growth Forum.®, one of the country’s most prestigious gatherings of high-growth companies and market leaders. The winner of the National Global Entrepreneur of the Year Award will then compete for the EY Global Entrepreneur of the Year Award ™ in June 2022.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur of the Year awards are nationally sponsored by SAP America.

In Central Texas, sponsors also include Broadway Bank, Colliers International, Marsh McLennan, Shearman & Sterling LLP, Bridgepoint Consulting, Donnelly Financial Solutions and Watkins Insurance Group.

About the Entrepreneur of the Year®

Entrepreneur of the year® is the world’s most prestigious business rewards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with ideas and experiences that promote growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global rewards program of its kind. It celebrates entrepreneurs through regional and national awards programs in over 145 cities in over 60 countries. The winners of the overall national ranking compete for the EY World Entrepreneur Of The Year ™ title. ey.com/us/eoy

About EY Privé

As Advisors to the Ambitious ™, EY Private Professionals have the experience and passion to help private businesses and their owners unlock the full potential of their ambitions. EY’s private teams offer distinct insights from EY’s long history of working with business owners and entrepreneurs. These teams support the full spectrum of private businesses, including private money managers and the investors and portfolio companies they finance, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/us/private

About EY

EY exists to build a better world of work, helping to create long-term value for customers, individuals and society and to build confidence in the capital markets.

Through data and technology, EY’s diverse teams in more than 150 countries ensure trust and help customers grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers to the complex issues facing our world today. .

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information on how EY collects and uses personal data and a description of the rights of individuals under data protection law can be found at ey.com/privacy. EY member firms do not practice law where local laws prohibit. For more information about our organization, please visit ey.com.

About Abrigo

Abrigo empowers U.S. financial institutions to support their communities with technology that fights financial crime, increases loans and deposits, and optimizes risk. Abrigo’s platform centralizes institutional data, creates a digital user experience, ensures compliance, and delivers large-scale efficiency and profitable growth. Make great things happen. Start at abrigo.com.

View original content to download multimedia: http://www.prnewswire.com/news-releases/ey-announces-wayne-roberts-of-abrigo-as-an-entrepreneur-of-the-year-2021-central -texas -prix-finalist-301307104.html

SOURCE Abrigo



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Invest in Pulitzer Prize-focused journalism as we continue our fight for the truth https://uncharted3blog.com/invest-in-pulitzer-prize-focused-journalism-as-we-continue-our-fight-for-the-truth/ https://uncharted3blog.com/invest-in-pulitzer-prize-focused-journalism-as-we-continue-our-fight-for-the-truth/#respond Sat, 05 Jun 2021 18:34:50 +0000 https://uncharted3blog.com/invest-in-pulitzer-prize-focused-journalism-as-we-continue-our-fight-for-the-truth/ For almost 20 years, we have been doing our part to support the unheard of. Undeterred by chaos or corruption, our intrepid team of investigative journalists defended democracy, exposed the truth, and spared no effort. Become a subscriber and fund our vital work to make sure the facts are always accessible. We believe honest information […]]]>


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LEGAL CORNER: Beware of Reverse Mortgages | Notice https://uncharted3blog.com/legal-corner-beware-of-reverse-mortgages-notice/ https://uncharted3blog.com/legal-corner-beware-of-reverse-mortgages-notice/#respond Sat, 05 Jun 2021 17:00:00 +0000 https://uncharted3blog.com/legal-corner-beware-of-reverse-mortgages-notice/ Editor’s Note: The information in this column is not intended to provide legal advice, but to provide a general understanding of the law. All readers with a legal problem, including those whose questions are discussed here, should consult a lawyer for advice on their particular situation. While I love Tom Selleck and his Sackett movies, […]]]>


Editor’s Note: The information in this column is not intended to provide legal advice, but to provide a general understanding of the law. All readers with a legal problem, including those whose questions are discussed here, should consult a lawyer for advice on their particular situation.

While I love Tom Selleck and his Sackett movies, I don’t think he (or anyone in Hollywood) should be giving me financial advice. There is currently a marketing blitz targeting seniors to get them to take out reverse mortgages. But, as the old saying goes, “If it sounds too good to be true, it probably is.” Be very careful with reverse mortgages.

Let me explain the term “reverse mortgage” to you. This is a type of home equity loan now permitted by the Texas Constitution. It allows Texas homeowners, aged 62 or older, to borrow against the equity in their home without having to pay off mortgage debt during their lifetime, as long as they continue to live in their home and keep up to date. their property taxes and insurance payments. . The purpose or intention of reverse mortgages is to provide seniors with the means to stay in their home for the rest of their lives by converting the equity in their home into cash that can be used to pay housing costs. medical care or other costs of living.

This particular type of home equity loan is called a “reverse mortgage” because the payments on the mortgage are supposed to be reversed – from the lender to the homeowner. Unlike a home equity loan where the owner is required to immediately begin repaying the principal amount of the loan in equal monthly installments that amortize and fully repay the loan on the due date, disbursements paid to the owner under a reverse mortgage simply earns interest, including interest. on interest, until maturity, when the loan balance, consisting of principal and interest, is repaid to the lender in a final lump sum payment. A common misconception about reverse mortgages is that the transaction involves the transfer of title to the home to the mortgage lender in exchange for monthly payments. But, a reverse mortgage is simply a loan secured by a lien on homestead – much like the lien on a conventional or “term” mortgage.

The closing costs are similar but comparatively higher than those charged for a conventional mortgage. FHA-insured HECM reverse mortgages, for example, which account for 90 percent of all reverse mortgages made nationwide, have a 2 percent loan origination fee payable to the mortgage lender, a 2 percent FHA mortgage insurance premium and a continuous annual MIP premium of 0.5% factored into the monthly interest rate and a management fee of $ 35 per month set aside for payment to the manager of loan over the term of the loan. Other fees and charges are comparable to other mortgage loans.

A reverse mortgage is a non-recourse loan; the owners have no personal responsibility for the repayment of the loan. Homeowners are not required to make repayments during the term of the loan, and the full loan amount owed, including all amounts advanced and accrued interest (including interest on interest), is usually repaid on the loan. proceeds of sale when the homestead is sold by the borrower or by the borrower’s estate after the death of the borrower or the last of the borrowers. When a reverse mortgage becomes payable, the lender or noteholder should consider only the recovery of the homestead under their mortgage as the exclusive remedy. It is important to understand that the homestead will need to be sold or that the borrower’s heirs will repay the loan from the other assets of the estate if the borrower’s family wishes to retain the homestead.

Economic experts warn reverse mortgages could be the next big mortgage bankruptcy. A reverse mortgage could force the property to be sold for repayment. Therefore, anyone seeking a reverse mortgage should consult their estate planning lawyer. In the meantime, do your research (Mr. Selleck is NOT a good investor himself) or look for a copy of the October 2009 issue of Consumer Reports and read their article on reverse mortgages.

Sam A. Moak is a lawyer with the Huntsville law firm of Moak & Moak, PC. He is licensed to practice in all areas of law by the Supreme Court of Texas, is a member of State Bar College, and a member of the Real Estate, Estates and Trusts Law Section of the State Bar of Texas. www.moakandmoak.com



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Should you leave your home to your children in your will? https://uncharted3blog.com/should-you-leave-your-home-to-your-children-in-your-will/ https://uncharted3blog.com/should-you-leave-your-home-to-your-children-in-your-will/#respond Fri, 04 Jun 2021 21:31:49 +0000 https://uncharted3blog.com/should-you-leave-your-home-to-your-children-in-your-will/ 3. Do your children get along well? The median price of homes in the United States – half lower, half higher – is $ 319,200. If you have multiple heirs and bequeath them a house worth several hundred thousand dollars, it can be difficult for them to agree on what to do with it. “If […]]]>



3. Do your children get along well?

The median price of homes in the United States – half lower, half higher – is $ 319,200. If you have multiple heirs and bequeath them a house worth several hundred thousand dollars, it can be difficult for them to agree on what to do with it.

“If the children are geographically far from the home, which is more common today, it can cause dissension among beneficiaries – especially if one of them is doing all the maintenance – because they cannot not fully enjoying the home provided as a legacy, ”says Gregory Giardino, CFP in Hawthorne, TX.

4. What is the title of the house?

Rules vary from state to state, but for many married couples, a home is typically held in a condominium with right of survivorship (sometimes referred to as a full tenancy), which means if one of the spouses dies , the other owns the house entirely. If both spouses die at the same time, the ownership of the house is decided by the stipulations of their will (or, in the absence of a will, by state probate laws).

It will also be important for the heirs to determine how the house will be titled and how the property will operate. What if one heir wants the money and the other two want the house? In this case, the heirs who want the house will have to buy back the one who does not want it, either in cash or through an intra-family financing contract. The last resort, of course, would be the court system, which is usually not the best place to form family ties.

Finally, are there any liens on the home for debts owed, such as tax arrears or overdue loans, that would be due when the ownership of the property changes? “Children are often surprised to learn this,” says Patricia Hausknost, CFP in Long Beach, California. “If they exceed the value of the house, it’s best to notify the first lien holder of the death and walk away. “

5. What is the tax situation?

Uncle Sam wants a share when a house is sold for a profit. The amount of the reduction comes down to what is called the base cost of ownership. Simply put, you are taxed on the difference between what you paid for the house and what you sold it for. But it is not that simple. For tax purposes, you can also add the value of certain expenses, such as major renovations, to the purchase price of the home to increase your base costs and thereby reduce the amount of profit you owe taxes on. Confuses? The IRS has a lot more to do with calculating the cost base.

The heirs get a break based on the costs. Under current law, when a person inherits a house, they get what is called a base mark-up, which means their cost base for taxes is on the date of their parents’ death or settlement of the estate. In other words, if they sell the house, the heirs won’t have to base their capital gains tax on what their parents paid for the house. Suppose the parents bought the house for $ 50,000 in 1980 and the house was worth $ 319,200 on the day the estate was settled. The heirs would have no profit on the house if they sold it immediately, and therefore no capital gains tax is due.

Parents could also sell their home today, and under the current tax code, $ 250,000 of profits will be excluded from capital gains for each person, which means a $ 500,000 exclusion from earnings for a married couple. . Some parents are tempted to transfer title to the house to their children while the parents are still alive. “Do not do it!” said Hausknost. The heirs will be responsible for the expenses of the house, including civil liability, and they will not get the gross-up base.

It should also be noted that a feature of President Joe Biden’s current tax reform proposal is the elimination of the base markup. “From a financial point of view, without the mark-up rule, it would make little difference whether the original owner left the house to the heirs or sold it himself,” says David Silversmith, CFP in Plainview, New York. . “But under the current law, I would advise my clients to keep the house and leave it to their heirs.”



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Texas State Representative Explains Why Democrats Withdrawn To Block GOP Voting Restrictions https://uncharted3blog.com/texas-state-representative-explains-why-democrats-withdrawn-to-block-gop-voting-restrictions/ https://uncharted3blog.com/texas-state-representative-explains-why-democrats-withdrawn-to-block-gop-voting-restrictions/#respond Tue, 01 Jun 2021 00:42:53 +0000 https://uncharted3blog.com/texas-state-representative-explains-why-democrats-withdrawn-to-block-gop-voting-restrictions/ Reuters Videos Texas Democrats Block Voting On Election Bill Democrats in the Texas House of Representatives were able to block a vote on a controversial election bill by boycotting a legislative session on Sunday night. The speaker noted that the chamber did not have a quorum and decided to suspend the meeting. “Quorum is apparently […]]]>


Reuters Videos

Texas Democrats Block Voting On Election Bill

Democrats in the Texas House of Representatives were able to block a vote on a controversial election bill by boycotting a legislative session on Sunday night. The speaker noted that the chamber did not have a quorum and decided to suspend the meeting. “Quorum is apparently not present. The point of order is welcomed and supported.” The Democratic withdrawal, shortly before the midnight deadline to pass the measure, meant the measure would not return for a vote before autumn. added to make it easier to vote ahead of last November’s election due to health concerns. Postal voting, a move credited with helping trigger a record turnout in Houston, would no longer be allowed. mobile units or temporary structures are not used as polling stations. The bill also limits early voting hours, which makes postal voting more difficult and eliminates drop boxes. n On Sundays before 1 p.m., critics say it is an effort to limit the voting campaigns known as “Souls to the Polls”, as predominantly black churches commute between worshipers to vote after morning prayers. Critics say Texas already has some of the most restrictive election laws in the United States and point out that there were no substantial allegations of fraud in Texas in last year’s election. Democrats and civil rights groups called the proposed voter suppression bill targeting voters of color, as well as the elderly and disabled. A vote on the measure is certain to pass the Republican-dominated house. Texas Governor Greg Abbott, who strongly supports the bill, said the bill would be added to a special legislative session scheduled for this fall. Lawmakers in Republican states across the country have enforced tighter voting restrictions following former President Donald Trump’s false claim that he lost the 2020 election due to widespread voter fraud.



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HUD Emits Discrimination Charges Against Mortgage Modification Companies – Real Estate & Construction https://uncharted3blog.com/hud-emits-discrimination-charges-against-mortgage-modification-companies-real-estate-construction/ https://uncharted3blog.com/hud-emits-discrimination-charges-against-mortgage-modification-companies-real-estate-construction/#respond Fri, 28 May 2021 00:01:35 +0000 https://uncharted3blog.com/hud-emits-discrimination-charges-against-mortgage-modification-companies-real-estate-construction/ United States: HUD issues discrimination charges against mortgage modification companies May 28, 2021 Ballard Spahr LLP To print this article, simply register or connect to Mondaq.com. The US Department of Housing and Urban Development (HUD) recently issued a charge of discrimination under the Fair Housing Act (Act) against Louis Liberty & Associates, a PLC dba […]]]>


United States: HUD issues discrimination charges against mortgage modification companies

To print this article, simply register or connect to Mondaq.com.

The US Department of Housing and Urban Development (HUD) recently issued a charge of discrimination under the Fair Housing Act (Act) against Louis Liberty & Associates, a PLC dba The House Lawyer, Liberty & Associates, a PLC dba The House Lawyer (THL), and the owners, employees and agents of THL (collectively, the “Respondents”), one of whom was a lawyer. The charge arose in connection with complaints filed with HUD by specific unidentified mortgage borrowers (the “Complainants”). Although HUD asserts that the Respondents engaged in unlawful and unfair mortgage modification assistance, the basis of the charge alleging violations of the law is that the Respondents targeted Hispanic mortgage borrowers and, therefore, claimed. violated some of the prohibitions in the National Origin Discrimination Act.

Among other prohibitions, the Act prohibits (1) discriminating against a person in the terms, conditions or privileges of selling or renting accommodation, or in the provision of services or facilities relating thereto, and (2) discriminate against any person by making available a transaction related to residential real estate, or in the terms or conditions of such a transaction, on the basis of race, color, religion, sex, disability, status family or national origin. The Act defines a “residential real estate transaction” as (1) the granting or purchase of loans or the provision of other financial assistance (a) for the purchase, construction, improvement, the repair or maintenance of a home, or (b) guaranteed by residential real estate, or (2) the sale, brokerage or valuation of residential real estate. The law also provides that it is illegal to coerce, intimidate, threaten or interfere with any person in the exercise or enjoyment of, or because of the person having aided or abetted another person in the exercise or enjoyment of any right granted. or protected by sections of the Act which include the above prohibitions.

HUD claims that the respondents violated the Act by:

  • Discrimination against complainants in the provision of services or facilities in connection with the sale of housing.
  • Discrimination against plaintiffs in the provision of residential real estate transactions, and in the terms or conditions of such transactions, on the basis of national origin.
  • Interfere with the exercise or enjoyment by complainants of the rights granted or protected by the articles of the law containing the prohibitions set out in the first sentence of the previous paragraph.

The charge includes factual allegations by HUD regarding the Complainants, as well as general factual allegations regarding the Respondents’ conduct. The general factual claims are as follows:

  • The respondents marketed and sold illegal or unfair mortgage modification services to financially troubled California homeowners, targeted Hispanic borrowers for financial assistance, and most of THL’s clients were of Hispanic origin.
  • Most of THL’s radio, television and online commercials were in Spanish, and THL’s radio and television commercials were broadcast on Spanish-language stations.
  • THL’s advertisements contained misleading information regarding THL’s ability to obtain loan modifications and THL’s fee payment structure, and also discouraged borrowers from seeking free loan modification assistance.
  • In a particular advertisement, one of the respondents stated that “no one works for free” and that “if someone states that they will help you for free, please be careful …”, and falsely stated that THL “n ‘requires individuals to pay after every step of the way. “
  • THL staff made false, inaccurate or misleading statements during in-person consultations with prospective clients regarding the extent of mortgage relief THL would obtain on their behalf and the obligation of prospective clients to continue to make payments. mortgage while seeking to modify their mortgage. THL staff have also discouraged clients from seeking legitimate loan modification services.
  • The Respondent, who was a lawyer, was solely responsible for the legal services provided by THL.
  • While California law prohibited attorneys from charging or collecting legal fees for loan modification services prior to the completion of those services, the respondents charged clients fees of approximately $ 2,500 for the provision of loan modification services. mortgage modification as part of a solicitor-client fee agreement, and approximately $ 750 to $ 1,000 for services under a negotiation package solicitor-client fee agreement , and that some, if not all, of the fees were generally paid before the Respondents completed the full range of services they represented which they would perform in the initial appointments with clients.
  • The respondents also charged the clients a recurring monthly fee of $ 50.
  • When potential clients did not appear to qualify for a loan modification because they were up to date on their mortgage payments, respondents regularly advised them to stop paying their mortgage, and respondents did not provide accurate information or provide information. no inaccurate information to clients about the risks of non-payment of their mortgages.
  • The Respondents ‘mortgage modification activities were carried out almost exclusively by non-lawyers, although the advertisements and the Respondents’ agreements erroneously indicated that mortgage modification clients would receive the services of a lawyer.
  • The respondents regularly interfered with clients’ relationships with their lenders by asking them to stop communicating with their lenders. The respondents provided the clients with a document entitled How to manage the bank during the loan modification process who informed clients that if their bank threatened foreclosure, they should not interfere with negotiations with THL’s lenders, and should instead forward all communications with the lenders to THL. Nonetheless, respondents routinely failed to answer or return customer phone calls and provide updates regarding the status of customer loan modification requests.
  • After convincing clients to stop paying their mortgages, collecting fees for loan modification services, and promising to get loan modifications for clients, THL abruptly sent opt-out letters to the clients. clients and closed his office.

The alleged conduct regarding the complainants began almost 10 years ago and the complaints were filed in December 2012 and July 2013. HUD states that in July 2013, the State Bar of California found that the practices of the defendant who was a lawyer violated California law by (1) taking an advance on loan modification fees, and (2) taking a lien on real estate, personal property or other collateral to secure payment of those fees for mortgage loan modification work. HUD also states that in August 2015, the California Office of Real Estate revoked the same individual’s real estate license.

HUD looks for a command that:

  • Declares that the Respondents’ practices violated the law.
  • Prevents respondents from discriminating against any person on the basis of national origin in any aspect of the sale or rental of housing, including related services, and / or in any residential real estate transaction.
  • Awards damages that will fully compensate the plaintiffs for all damages caused by the conduct of the respondents.
  • Evaluates a civil sanction against each respondent for each distinct discriminatory housing practice that the respondent is found to have committed.
  • Grants additional relief, if applicable.

Based on the number of mortgage borrowers facing financial hardship due to the COVID-19 pandemic, it will be interesting to see whether HUD, or other regulators, will challenge companies providing loan modification services or similar services, or mortgage loan managers, under fair housing laws or fair loans if the services provided by the entities are considered illegal, unfair, deceptive or abusive and target certain protected groups, or if the services vary depending on whether or not the borrower is a member of a group. Please see our recent blog post discussing an article that advocates that regulators and individuals should consider challenging discrimination as an “unfair” practice covered by federal and state laws prohibiting unfair, deceptive or abusive acts and practices.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought on your particular situation.

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