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.

Tuesday, March 7, 2006

All across the Canadian province of Ontario, college teachers have gone on strike, leaving more than 150,000 students in 24 colleges without classes.

The Ontario Public Service Employees Union rejected the final offer from college management, after negotiations at the Delta Chelsea Hotel in downtown Toronto.

This strike comes just a month before many student’s scheduled graduations. If courses are extended into the summer, to compensate for lost school time, students’ ability to maintain jobs to pay for their education would be severely limited.

“A prolonged strike would not only affect college students, but also have a ripple affect on the Ontario economy and workforce. Potential employers are expecting 44,000 new graduates and 100,000 returning students to enter the workforce this May, families have made summer plans, and some seasonal businesses may experience a significant loss if the school year does not finish on time,” says Tyler Charlebois, Director of Advocacy for the College Student Alliance. “I hope for the sake of Ontario, the provincial government takes this situation as seriously as we are and takes action as necessary.”

OPSEU was asking for more teachers, smaller classes, and more faculty time for students. A strike vote was 80.4% in favour of action. Humber had the least support for the strike, with only 67.0%, followed by St. Lawrence with 67.7%. St. Clair, Boréal, Centennial, and Sault all had more than 90% support.

Friday, July 11, 2008

Yesterday, Milan Lu?i?‘s family returned home and found their home ransacked by burglars. It was discovered that the young NHL star’s prized Memorial Cup ring and several valuable tournament watches were stolen from their home in Vancouver, Canada .

Lu?i?’s mother, Snežana, has said that the thieves gained entrance to the family’s home by smashing in the back door.

Lu?i?, 20, who lives with his parents, Dobrivoje and Snežana, is a player for the Boston Bruins and flew to Boston on Wednesday to help out at a rookies camp.

“We don’t know if it was random,” she said. “They went into his room upstairs and took his Memorial Cup ring and three of his Esquire watches.”

Other rooms in the home were ransacked and alcohol was stolen.

“He was very disappointed,” said Snežana, referring to Lu?i?’s reaction when she called her son in Boston shortly after the robbery.

Before Lu?i? flew to Boston. he told Snežana before flying to Boston he was thinking about his memorabilia and recalled how, last summer, former goalie for the Edmonton Oilers, Bill Ranford, was robbed of memorabilia from his New Westminster home.

“So in a way he wasn’t surprised,” Snežana said.

Lu?i? was raised in East Vancouver. He carried the Vancouver Giants to a Memorial Cup victory in 2007. He was awarded as the Most Valuable Player and led the Giants in scoring for the 2006-07 season.

Lu?i? accumulated 27 points and 89 penalty minutes in his play for with the Boston Bruins last season.

According to Snežana the NHL has been advised of the burglary and intends to monitor websites like Craigslist and eBay to see if someone attempts to sell the distinctive ring.

The Vancouver Police Department‘s investigation is ongoing.