http://finance.yahoo.com/news/Wells-Fargo-to-pay-24M-to-end-apf-2094138970.html?x=0&sec=topStories&pos=4&asset=&ccode=
Another bullet shot through the heart of Justice.
Wells Fargo is paying $24 million to end an investigation by eight states probing whether lenders acquired by the company made risky mortgages to consumers without disclosing their perils.
The states said loans known as option adjustable rate loans, or "pick-a-payment" mortgages, were deceptive to borrowers. Those particularly toxic loans allowed borrowers to defer some of their interest payments and add them to the principal balance. Borrowers could make payments so low that loan debt actually increased every month.
San Francisco-based Wells Fargo & Co. announced the agreement Wednesday with attorneys general in Arizona, Colorado, Florida, Illinois, Nevada, New Jersey, Texas and Washington state.
The loans were made by Wachovia Corp. and a California company it acquired, World Savings Bank. Wells purchased Wachovia at the end of 2008. Wachovia had already stopped making those loans before the acquisition was complete. ye
As part of the agreement, Wells has agreed to offer loan assistance worth more than $770 million to more than 8,700 borrowers through June 2013, though that amount will depend on how the economy fares during that time. The $24 million will be used to help states reach out to customers who took out such loans.
The agreement includes no admission of wrongdoing by Wells Fargo.
Showing posts with label Arizona. Show all posts
Showing posts with label Arizona. Show all posts
Wednesday, October 6, 2010
Wednesday, July 14, 2010
Justice: Sanctuary cities safe from law
http://www.washingtontimes.com/news/2010/jul/14/justice-sanctuary-cities-are-no-arizona/?page=3
OK, so we don't have the money to fund our extra troop needs in Afghanistan, or to continue to extend unemployment benefits, but somehow Obama can justify yet another expensive trip to court. Have you ever noticed that no one ever states what the attorney fees come to for a year at the White House. That bill must be phenomenal, the White House sues over everything.
None of this would be up for this expensive discussion right now if the borders would have been closed up after 9/11 like they were supposed to be. It seems to me that should have been Homeland Securities first priority, oh wait, oh yeah it was.
They wasted billions on the expensive camera equipment that isn't working. A very large waste of taxpayers money and the southern border states still suffer from the governments lack of action.
This is not a personal choice for the governor or the people of Arizona, it's a measure to help ensure the safety of it's citizens. Not only from the physical harm of the drug wars, but from the further addition to their already overflowing economic hardships.
Don't judge them, they're only trying to survive this depression, just as we all are, by cutting out the extra expenses.
A week after suing Arizona and arguing that the state's immigration law creates a patchwork of rules, the Obama administration said it will not go after so-called sanctuary cities that refuse to cooperate with the federal government on immigration enforcement, on the grounds that they are not as bad as a state that "actively interferes."
"There is a big difference between a state or locality saying they are not going to use their resources to enforce a federal law, as so-called sanctuary cities have done, and a state passing its own immigration policy that actively interferes with federal law," Tracy Schmaler, a spokeswoman for Attorney General Eric H. Holder Jr., told The Washington Times. "That's what Arizona did in this case."
On Wednesday, two Republican senators -- Jim DeMint of South Carolina and David Vitter of Louisiana -- announced that they will introduce an amendment to a bill that would halt the Justice Department lawsuit by denying it federal funding.
OK, so we don't have the money to fund our extra troop needs in Afghanistan, or to continue to extend unemployment benefits, but somehow Obama can justify yet another expensive trip to court. Have you ever noticed that no one ever states what the attorney fees come to for a year at the White House. That bill must be phenomenal, the White House sues over everything.
None of this would be up for this expensive discussion right now if the borders would have been closed up after 9/11 like they were supposed to be. It seems to me that should have been Homeland Securities first priority, oh wait, oh yeah it was.
They wasted billions on the expensive camera equipment that isn't working. A very large waste of taxpayers money and the southern border states still suffer from the governments lack of action.
This is not a personal choice for the governor or the people of Arizona, it's a measure to help ensure the safety of it's citizens. Not only from the physical harm of the drug wars, but from the further addition to their already overflowing economic hardships.
Don't judge them, they're only trying to survive this depression, just as we all are, by cutting out the extra expenses.
A week after suing Arizona and arguing that the state's immigration law creates a patchwork of rules, the Obama administration said it will not go after so-called sanctuary cities that refuse to cooperate with the federal government on immigration enforcement, on the grounds that they are not as bad as a state that "actively interferes."
"There is a big difference between a state or locality saying they are not going to use their resources to enforce a federal law, as so-called sanctuary cities have done, and a state passing its own immigration policy that actively interferes with federal law," Tracy Schmaler, a spokeswoman for Attorney General Eric H. Holder Jr., told The Washington Times. "That's what Arizona did in this case."
On Wednesday, two Republican senators -- Jim DeMint of South Carolina and David Vitter of Louisiana -- announced that they will introduce an amendment to a bill that would halt the Justice Department lawsuit by denying it federal funding.
Thursday, April 8, 2010
Arizona sees surge in DUIs tied to medicine
http://www.azcentral.com/news/articles/2010/04/08/20100408arizona-dui-medicine-cases.html
The driver was wearing his tennis shoes on the wrong feet, and he could lift his arms only halfway to his chocolate-covered face when officers stopped him at a Tucson fast-food restaurant.
He seemed impaired. Yet there was no alcohol in the 44-year-old's system.
It would take a toxicology test to learn that a cocktail of five different drugs was coursing through the driver, who was later charged with DUI.
In the Tucson case, the stop for erratic driving eventually revealed that the motorist was under the influence of anti-anxiety drugs and anti-depressants
.
The number of drug-related DUI cases handled by the Arizona Department of Public Safety rose from about 4,400 in 1999 to more than 14,700 last year, an increase of more than 230 percent. The state's population in that period rose about 38 percent.
The driver was wearing his tennis shoes on the wrong feet, and he could lift his arms only halfway to his chocolate-covered face when officers stopped him at a Tucson fast-food restaurant.
He seemed impaired. Yet there was no alcohol in the 44-year-old's system.
It would take a toxicology test to learn that a cocktail of five different drugs was coursing through the driver, who was later charged with DUI.
In the Tucson case, the stop for erratic driving eventually revealed that the motorist was under the influence of anti-anxiety drugs and anti-depressants
.
The number of drug-related DUI cases handled by the Arizona Department of Public Safety rose from about 4,400 in 1999 to more than 14,700 last year, an increase of more than 230 percent. The state's population in that period rose about 38 percent.
Sunday, January 3, 2010
Arizona May Abandon Speed Cameras on Highways
http://www.nytimes.com/2010/01/03/us/03arizona.html?ref=us
More than a year after Arizona became the first state in the country to deploy dozens of speed cameras on highways statewide, threats to the groundbreaking program abound.
Profits are far below expectations, a citizen effort to ban the cameras is gaining steam, the governor has said she does not like the program, and more and more drivers are ignoring the tickets they get in the mail after hearing from fellow speeders that there are often no consequences to doing so.
“I see all the cameras in Arizona completely coming down ” in 2010, said Shawn Dow, chairman of Arizona Citizens Against Photo Radar, which is trying to get a measure banning the cameras on the November ballot. “The citizens of Arizona took away the cash cow of Arizona by refusing to pay.”
The Arizona Department of Public Safety introduced the cameras in September 2008 and slowly added more until all 76 were up and running by January.
Supporters say the cameras slow down drivers and reduce accidents, but opponents argue that they are intrusive and are more about making money than safety.
More than a year after Arizona became the first state in the country to deploy dozens of speed cameras on highways statewide, threats to the groundbreaking program abound.
Profits are far below expectations, a citizen effort to ban the cameras is gaining steam, the governor has said she does not like the program, and more and more drivers are ignoring the tickets they get in the mail after hearing from fellow speeders that there are often no consequences to doing so.
“I see all the cameras in Arizona completely coming down ” in 2010, said Shawn Dow, chairman of Arizona Citizens Against Photo Radar, which is trying to get a measure banning the cameras on the November ballot. “The citizens of Arizona took away the cash cow of Arizona by refusing to pay.”
The Arizona Department of Public Safety introduced the cameras in September 2008 and slowly added more until all 76 were up and running by January.
Supporters say the cameras slow down drivers and reduce accidents, but opponents argue that they are intrusive and are more about making money than safety.
Subscribe to:
Posts (Atom)