CFPB records fewer complaints in early days of US government shutdown
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Tuesday, October 8, 2013
Unlike some parts of the US Federal Government, the Consumer Financial Protection Bureau (CFPB) has been open during the federal government shutdown and recording a record-low number of complaints submitted by consumers against mortgage companies, credit card companies, student loan providers, banks, money transfer providers, companies who provide credit reports, and other companies providing consumer loans.
With data not available for yesterday, the first four days of the shutdown had daily totals of 37, 16, 13, and 3 complaints. With the exceptions of September 29 with 15 complaints and September 28 with 23, it is the lowest daily total since March 16 of this year when 36 total complaints were recorded and February 23 of this year with 14. The total complaints are also down from the same dates last year, when the total complaints per day for the first four days of October 2012 were 272, 298, 288, and 225.
Of the 69 filed complaints recorded so far this month, 27 were complaints about mortgage companies, 21 were about bank accounts and 10 were about credit card companies. 40% of credit card companies complaints, 42.9% of bank account complaints and 48.1% of mortgage complaints are currently listed as still in progress. Most of the rest have been closed with an explanation.
Bank of America leads all companies in terms of total complaints filed this month with 9. Bayview Loan Servicing, LLC andJPMorgan Chase have 7 complaints each. Ally Bank, Sovereign Bank, and Wells Fargo have 4 each. Flagstar Bankand Equifax have 3 each. Citibank, Nationstar Mortgage, TD Bank, Amex, and FirstMerit Bank have 2 complaints each. 18 financial services companies have 1 complaint each filed against them.
During the government shutdown, some CFPB staff have voiced their opinions on Twitter. Dan Munz, deputy assistant director for consumer engagement at the CFPB, tweeted, “Boy, shutdown week has really created a sudden bumper crop of amateur federal management experts.”; “Also, seems like Boehner is singlehandedly undoing whatever progress he’d made in portraying this as a Dem [Democratic Party] shutdown.”; and “Basically, there’s now a strong incentive to fill legislation with minor symbolic things you can bargain away later to protect the core.”
The agency has been able to stay open during the government shutdown because it is funded by the Federal Reserve. According to Amanda Terkel at the Huffington Post, Republican members of the United States House of Representatives have put closing the CFPB on their wish list of items in negotiating for a new debt ceiling limit. Party members have previously stalled the appointment of Richard Cordray as the CFPB boss as a way of hindering it from engaging in oversight of financial organizations in the the US.
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June
10
Haiti Earthquake Victims Make Your Contribution By Frequent Flyer Program}
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Haiti Earthquake Victims – Make Your Contribution by Frequent Flyer Program
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Ivo HolstsIt is a crime not to be a member of frequent flyer programs, because it is an easiest way how you can make a change in other people lives. More than 50 thousand people died and 3 more million suffer after Haiti earthquake, and you can become involved and help them. It doesn’t matter whether you are a frequent traveler, or you do not travel at all. Through the airlines loyalty programs, you can contribute to the Haiti earthquake victims.You can find many frequent flyer programs, which offer the ability to make a donation to charitable organizations. The first stop would definitely be top 7 programs in United States. Frequent flyer miles are a means of payment in order to supply the food, medicine or other help. Therefore, American Red Cross or any other organization needs your contribution.The process to donate miles is very simple. The first step is to visit a program website and look for charity organization page. It is usually under redeem miles, use miles or charity miles page. There you will find all programs with explanations. You can browse through all the list and choose any organization you like and make a donation.How to contribute if you are not a member yet?If you are not a member of any frequent flyer program, it doesn’t mean that you cannot do something. The first step toward your involvement is joining the airlines loyalty program. You can do some research to find the program, which offers the fastest way to earn miles. Sometimes airlines offer to earn frequent flyer miles just by joining the program.As soon as you become a member, you should explore all the opportunities. Almost every program offers some way to earn frequent flyer miles without spending money. For example, you can participate is surveys and earn miles. You can join dining programs and receive miles, you can apply for new credit card or request not obligation insurance quote. There are many more ways how you can do something for Haiti earthquake victims.The other way how you can contribute via frequent flyer programs is by donating money and receiving frequent flyer miles for it. Later, you can obtain more miles via other offers and contribute them as well. It will allow you to double your involvement.More important than volume of miles or money is your involvement. The most important is your involvement. Even in the economy meltdown you can do something, and it will be truly valuable.
Ivo Holsts, online entrepreneur and travel expert, will guide you how to use frequent flyer programs and earn more miles. Visit
flight to Chicago
website and pay it forward.
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SEPTA buys rail cars from NJ Transit to deal with crowding
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Tuesday, July 29, 2008
As gas prices have risen in the United States, the regional transport authority for southeastern Pennsylvania, SEPTA, has seen a sharp increase in ridership, which has caused overcrowding on the trains.
“As fuel prices have continued to rise, SEPTA ridership has steadily increased and is the highest in 18 years,” said SEPTA General Manager Joseph Casey. Monthly ridership was 22 percent higher last month than a year ago.
“They have crushed loads on their rail lines, already where people are standing, and there’s not enough seats,” said Rich Bickel, the director of the Delaware Valley Regional Planning Commission.
“At peak times some railcars are standing room only and commuter parking lots are nearly full. All Regional Rail lines are running near full capacity and the train station parking lots are at about 90 percent capacity or more,” SEPTA spokesperson Felipe Suarez said.
While SEPTA awaits new Silverliner V trains from Hyundai Rotem, which begin arriving in 2009, it had hoped to lease eight rail cars from New Jersey Transit, at an agreed-upon rate of US$10,000 per month. However, due to problems with insurance and liability indemnification, the deal fell through, according to Casey.
SEPTA has entered a new agreement to purchase the eight rail cars from NJ Transit. The transit authority will pay US$670,000 for the cars and assorted supplies plus one additional inoperative car which will be used for spare parts. The rail cars will be operated using a SEPTA provided locomotive as they are not self-propelled.
The cars are being disposed of by NJ Transit because it has switched from single-floor cars to double-decker cars.
SEPTA is expecting to raise US$3.1 million by selling rail that has been out of service since 1981 at auction.
