Attorney General William Barr tamps down conspiracy theories, but notes ‘irregularities’ at jail where Jeffrey Epstein died

Jeffrey Epstein’s death was ruled a suicide by hanging, and Attorney General William Barr said Wednesday that he has no reason to doubt it — despite “irregularities” at the jail where the accused child sex trafficker died. Asked if the Epstein’s death suggested broader problems with the Bureau of Prisons, Barr said, “I do think that there are some irregularities at the center.” The attorney general said last week that he was “appalled” to hear Epstein — a former friend of Presidents Bill Clinton


Jeffrey Epstein’s death was ruled a suicide by hanging, and Attorney General William Barr said Wednesday that he has no reason to doubt it — despite “irregularities” at the jail where the accused child sex trafficker died. Asked if the Epstein’s death suggested broader problems with the Bureau of Prisons, Barr said, “I do think that there are some irregularities at the center.” The attorney general said last week that he was “appalled” to hear Epstein — a former friend of Presidents Bill Clinton
Attorney General William Barr tamps down conspiracy theories, but notes ‘irregularities’ at jail where Jeffrey Epstein died Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: kevin breuninger, jacob pramuk
Keywords: news, cnbc, companies, theories, died, general, barr, jeffrey, prisons, metropolitan, bureau, suicide, william, roundtable, attorney, irregularities, jail, ordered, epstein, notes, tamps


Attorney General William Barr tamps down conspiracy theories, but notes 'irregularities' at jail where Jeffrey Epstein died

Jeffrey Epstein’s death was ruled a suicide by hanging, and Attorney General William Barr said Wednesday that he has no reason to doubt it — despite “irregularities” at the jail where the accused child sex trafficker died.

The 66-year-old financier’s apparent suicide this month in a jail cell in lower Manhattan sent shockwaves through the political landscape, allowing a wave of conspiracy theories about a possible cover-up to saturate social media.

But Barr, the top law enforcement official in the U.S., pushed back on Wednesday, telling reporters at a roundtable event in Dallas that he has “seen nothing that undercuts the finding of the medical examiner that this was a suicide.”

Asked if the Epstein’s death suggested broader problems with the Bureau of Prisons, Barr said, “I do think that there are some irregularities at the center.”

But he said he has “every confidence” that his new hand-picked director to run the bureau, Kathy Hawk Sawyer, will “be able to address any management or operational deficiencies at the bureau.”

The attorney general said last week that he was “appalled” to hear Epstein — a former friend of Presidents Bill Clinton and Donald Trump who was likely the most high-profile inmate in the country — had been able to die while incarcerated.

The attorney general had ordered the FBI and the Justice Department watchdog’s office to investigate the Metropolitan Correctional Center, where Epstein was incarcerated.

Shortly after, the prison warden for the Metropolitan Correctional Center at the time of the suicide was reassigned, and Barr later ordered the removal of the acting director of the Bureau of Prisons, Hugh Hurwitz.

At the roundtable Wednesday, Barr said the investigations into the jail are “well along.”


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: kevin breuninger, jacob pramuk
Keywords: news, cnbc, companies, theories, died, general, barr, jeffrey, prisons, metropolitan, bureau, suicide, william, roundtable, attorney, irregularities, jail, ordered, epstein, notes, tamps


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Attorney General Barr orders removal of acting US prisons director after Epstein’s death

US Attorney General William Barr testifies before the Senate Judiciary Committee on “The Justice Department’s Investigation of Russian Interference with the 2016 Presidential Election” on Capitol Hill in Washington, DC, on May 1, 2019. Attorney General William Barr has ordered the removal of a top U.S. prisons official following Jeffrey Epstein’s death. In a statement Monday, the attorney general said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons. She will s


US Attorney General William Barr testifies before the Senate Judiciary Committee on “The Justice Department’s Investigation of Russian Interference with the 2016 Presidential Election” on Capitol Hill in Washington, DC, on May 1, 2019. Attorney General William Barr has ordered the removal of a top U.S. prisons official following Jeffrey Epstein’s death. In a statement Monday, the attorney general said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons. She will s
Attorney General Barr orders removal of acting US prisons director after Epstein’s death Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: jacob pramuk
Keywords: news, cnbc, companies, trafficking, prisons, hawk, federal, director, epsteins, william, general, bureau, orders, death, attorney, removal, barr, acting


Attorney General Barr orders removal of acting US prisons director after Epstein's death

US Attorney General William Barr testifies before the Senate Judiciary Committee on “The Justice Department’s Investigation of Russian Interference with the 2016 Presidential Election” on Capitol Hill in Washington, DC, on May 1, 2019.

Attorney General William Barr has ordered the removal of a top U.S. prisons official following Jeffrey Epstein’s death.

In a statement Monday, the attorney general said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons. She will succeed Hugh Hurwitz, acting director of the agency that oversees inmates in federal prisons.

Barr said he will appoint Thomas Kane as deputy director of the prisons bureau. Meanwhile, Hurwitz will lead the agency’s Reentry Services Division, according to the attorney general.

“I am pleased to welcome back Dr. Hawk Sawyer as the Director of the Federal Bureau of Prisons. Under Dr. Hawk Sawyer’s previous tenure at the Bureau, she led the agency with excellence, innovation, and efficiency, receiving numerous awards for her outstanding leadership,” Barr said in a statement that did not mention Epstein’s death.

Epstein, a 66-year-old financier, was found dead in his Manhattan jail cell earlier this month as he awaited trial on charges of sex trafficking of minors and sex trafficking conspiracy. His death was ruled a suicide by hanging. The former friend of Presidents Bill Clinton and Donald Trump had pleaded not guilty to the charges.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: jacob pramuk
Keywords: news, cnbc, companies, trafficking, prisons, hawk, federal, director, epsteins, william, general, bureau, orders, death, attorney, removal, barr, acting


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Warden of jail where Jeffrey Epstein killed himself reassigned, two guards placed on leave on orders of Attorney General William Barr

A New York Medical Examiner’s car is parked outside the Metropolitan Correctional Center where financier Jeffrey Epstein was being held, on August 10, 2019, in New York. The warden of the federal jail in New York City where wealthy financier Jeffrey Epstein killed himself was replaced Tuesday on orders of Attorney General William Barr pending investigations into the incident, the Justice Department said. Replacing Shirley Skipper-Scott as acting warden of the MCC is James Petrucci, the warden of


A New York Medical Examiner’s car is parked outside the Metropolitan Correctional Center where financier Jeffrey Epstein was being held, on August 10, 2019, in New York. The warden of the federal jail in New York City where wealthy financier Jeffrey Epstein killed himself was replaced Tuesday on orders of Attorney General William Barr pending investigations into the incident, the Justice Department said. Replacing Shirley Skipper-Scott as acting warden of the MCC is James Petrucci, the warden of
Warden of jail where Jeffrey Epstein killed himself reassigned, two guards placed on leave on orders of Attorney General William Barr Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, bureau, jail, leave, orders, placed, york, epstein, warden, william, justice, respond, killed, guards, request, reassigned, metropolitan, jeffrey, prisons


Warden of jail where Jeffrey Epstein killed himself reassigned, two guards placed on leave on orders of Attorney General William Barr

A New York Medical Examiner’s car is parked outside the Metropolitan Correctional Center where financier Jeffrey Epstein was being held, on August 10, 2019, in New York.

The warden of the federal jail in New York City where wealthy financier Jeffrey Epstein killed himself was replaced Tuesday on orders of Attorney General William Barr pending investigations into the incident, the Justice Department said.

The U.S. Bureau of Prisons also placed two staffers at the Metropolitan Correctional Center who had been assigned to Epstein’s cell unit on administrative leave as probes into the death of the accused child sex trafficker continue.

“Additional actions may be taken as the circumstances warrant,” said Justice Department spokeswoman Kerri Kupec.

Replacing Shirley Skipper-Scott as acting warden of the MCC is James Petrucci, the warden of the federal prison in Otisville, New York.

Skipper-Scott has been transferred to the Bureau of Prison’s Northeast Regional Office.

A lawyer for Epstein, who was a former friend of Presidents Donald Trump and Bill Clinton, did not immediately respond to CNBC’s request for comment.

The Bureau of Prisons also did not respond for a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, bureau, jail, leave, orders, placed, york, epstein, warden, william, justice, respond, killed, guards, request, reassigned, metropolitan, jeffrey, prisons


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China posts its lowest quarterly growth in 27 years as the trade war drags on

China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in at least 27 years, as the country’s trade war with the U.S. took its toll. From April to June, China’s economy grew 6.2% from a year ago, the country’s statistics bureau said on Monday. The second quarter economic growth was the country’s slowest pace since the first quarter of 1992 — the earliest quarterly data on record, according to Reuters. China’s statistics bureau said the economy


China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in at least 27 years, as the country’s trade war with the U.S. took its toll. From April to June, China’s economy grew 6.2% from a year ago, the country’s statistics bureau said on Monday. The second quarter economic growth was the country’s slowest pace since the first quarter of 1992 — the earliest quarterly data on record, according to Reuters. China’s statistics bureau said the economy
China posts its lowest quarterly growth in 27 years as the trade war drags on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: huileng tan
Keywords: news, cnbc, companies, countrys, drags, growth, 27, quarter, chinas, quarterly, lowest, economy, trade, war, bureau, statistics, 62, china, posts


China posts its lowest quarterly growth in 27 years as the trade war drags on

China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in at least 27 years, as the country’s trade war with the U.S. took its toll.

From April to June, China’s economy grew 6.2% from a year ago, the country’s statistics bureau said on Monday. That was in line with the expectations of analysts polled by Reuters, and lower than the 6.4% year-on-year growth in the first quarter of 2019.

The second quarter economic growth was the country’s slowest pace since the first quarter of 1992 — the earliest quarterly data on record, according to Reuters.

China’s statistics bureau said the economy faces a complex situation with increasing external uncertainties, Reuters reported. The world’s second largest economy also faces new downward pressures and will try to ensure steady economic growth, the statistics bureau added.

China’s months-long trade dispute with the U.S. has weighed on its economy.

“Uncertainty caused by the US-China trade war was an important factor and we think this will persist, despite the recent tariff truce, ” said Tom Rafferty, principal economist for China at The Economist Intelligence Unit.

“Businesses remain skeptical that the two countries will reach a broader trade agreement and recognise that trade tensions may escalate again,” wrote Rafferty in a note on Monday.

One analyst said he will be watching China’s employment numbers more closely for a better read of the economy.

“Are factories shedding workers as their order book falls? Because that leads to the overall target of saying ‘we want to grow employment’ — and the social structure of China hinges on that, and I think that’s very important for the authorities,” said Colin Graham, Chief Investment Officer of multi asset solutions at Eastspring Investments.

Graham said there is room for the People’s Bank of China to introduce more fiscal stimulus in the months ahead to steady the economy.

“They have room to make sure the economy doesn’t slow too quickly,” Graham told CNBC’s “Street Signs” on Monday after the GDP numbers were released. He said he expected China’s 2019 full-year GDP growth to be flat at between 6.2% and 6.3% from a year ago.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: huileng tan
Keywords: news, cnbc, companies, countrys, drags, growth, 27, quarter, chinas, quarterly, lowest, economy, trade, war, bureau, statistics, 62, china, posts


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Amid swine fever outbreak, China’s pork output in the first half of 2019 falls

China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd. Feng said pork output should have declined by more than 10%. Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Rising pork prices are pushing overall food prices to their highest in years. Total meat output including po


China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd. Feng said pork output should have declined by more than 10%. Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Rising pork prices are pushing overall food prices to their highest in years. Total meat output including po
Amid swine fever outbreak, China’s pork output in the first half of 2019 falls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, bureau, hog, prices, outbreak, half, yuan, chinas, herd, 2019, million, pork, output, swine, amid, falls, fever


Amid swine fever outbreak, China's pork output in the first half of 2019 falls

A hired hand feeds a sow which recently gave birth to a new litter at the Grand Canal Pig Farm in Jiaxing, in China’s Zhejiang province.

China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd.

China produced 24.7 million tonnes of pork in the first six months of 2019, down 5.5% from a year earlier, according to figures from the National Bureau of Statistics, amid a severe epidemic of African swine fever.

China’s hog herd — the world’s largest — declined 15% from a year ago to 347.61 million head, the bureau said, as pigs died from the virus and farmers held back from restocking.

But figures from the Ministry of Agriculture and Rural Affairs on the same day said the herd had shrunk 25.8% in June from a year earlier, with the number of sows down 26.7%. The ministry does not publish total number of pigs.

Analysts were surprised at the fall in pork output, which showed the pace of decline little changed from 5.2 percent in the first quarter, even as swine fever has spread to every province in China.

“It’s much smaller than expected,” said Feng Yonghui, chief analyst at industry portal Soozhu.com. “The gap between this and the decline in pig herd is too big.”

Feng said pork output should have declined by more than 10%.

The number of slaughtered hogs in the first half fell 6.2% to 313.46 million head, the statistics bureau said.

Others have also questioned official data on China’s hog herd. Four people who supply large farms recently told Reuters as many as half of China’s sows have either died from African swine fever or been slaughtered because of the spreading disease.

African swine fever is not harmful to humans but kills almost all pigs it infects.

Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Average prices have hit 17.8 yuan ($2.59) per kilogram, up from 14.2 yuan at the end of May.

Retail pork prices reached 26.45 yuan per kg in the final week of June, up 33% on the year, according to weekly data from the Ministry of Agriculture and Rural Affairs, but still some way off the record of 31.56 yuan in June 2016.

Rising pork prices are pushing overall food prices to their highest in years.

Beijing has urged poultry producers to boost output to help supplement the fall in pork production.

Output of poultry meat rose 5.6% in the first six months, while beef output increased 2.4% and lamb output rose 1.4%, the bureau said.

Total meat output including pork, beef, lamb and poultry fell 2.1% in the first half to 39 million tonnes.


Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, bureau, hog, prices, outbreak, half, yuan, chinas, herd, 2019, million, pork, output, swine, amid, falls, fever


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump says he is ‘absolutely moving forward’ with census citizenship question, contradicting his own administration

Their statements came five days after a Supreme Court decision that effectively blocked the question being added to the 2020 census questionnaire. “We are absolutely moving forward, as we must, because of the importance of the answer to this question,” Trump wrote. A White House spokesman did not immediately respond to CNBC’s query as to whether the census form will ask the citizenship question. The Trump administration’s plan to add the citizenship question to the 2020 census had been controver


Their statements came five days after a Supreme Court decision that effectively blocked the question being added to the 2020 census questionnaire. “We are absolutely moving forward, as we must, because of the importance of the answer to this question,” Trump wrote. A White House spokesman did not immediately respond to CNBC’s query as to whether the census form will ask the citizenship question. The Trump administration’s plan to add the citizenship question to the 2020 census had been controver
Trump says he is ‘absolutely moving forward’ with census citizenship question, contradicting his own administration Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: kevin breuninger dan mangan, kevin breuninger, dan mangan
Keywords: news, cnbc, companies, contradicting, bureau, court, administration, printing, absolutely, department, decision, trump, census, forward, question, 2020, citizenship, moving


Trump says he is 'absolutely moving forward' with census citizenship question, contradicting his own administration

U.S. President Donald Trump speaks to reporters about Iran and Mexico on June 25, 2019 in Washington, DC.

President Donald Trump on Wednesday branded as “FAKE” news reports that his administration was dropping plans to ask people if they are U.S. citizens on the 2020 census — despite officials in his own administration having said a day before that the question will not be asked.

Commerce Secretary Wilbur Ross and a Justice Department lawyer had both said Tuesday that the Census Bureau is in the process of printing the census questionnaire without the citizenship question.

Their statements came five days after a Supreme Court decision that effectively blocked the question being added to the 2020 census questionnaire.

The high court ordered the case challenging the question to be reconsidered by a lower court, leaving the Commerce Department with little or no time to have the dispute settled legally before this past Monday’s deadline for printing the questionnaires.

But Trump, in a tweet Wednesday, said, “The News Reports about the Department of Commerce dropping its quest to put the Citizenship Question on the Census is incorrect or, to state it differently, FAKE!”

“We are absolutely moving forward, as we must, because of the importance of the answer to this question,” Trump wrote.

Trump’s use of the word “quest” echoed its use by The New York Times on Tuesday in its lead paragraph of a story that said the Trump administration, “in a dramatic about-face, abandoned its question to add a citizenship question to the 2020 census.”

A White House spokesman did not immediately respond to CNBC’s query as to whether the census form will ask the citizenship question.

A Census Bureau spokesman referred questions about the president’s tweet to the Commerce Department, which did not immediate respond to a request for comment.

On Tuesday, Ross, in a statement had said, “I respect the Supreme Court but strongly disagree with its ruling regarding my decision to reinstate a citizenship question on the 2020 Census.”

“The Census Bureau has started the process of printing the decennial questionnaires without the question. My focus, and that of the Bureau and the entire Department is to conduct a complete and accurate census,” Ross said.

In a Tuesday email to legal challengers of the citizenship question, a Department of Justice lawyer wrote, “We can confirm that the decision has been made to print the 2020 Decennial Census questionnaire without a citizenship question, and that the printer has been instructed to begin the printing process.”

The Trump administration’s plan to add the citizenship question to the 2020 census had been controversial since it was first announced in March 2018.

In addition to that question, the Census Bureau at the time said that respondents would be asked how many people live in their residences, and those persons’ ages, sexes, Hispanic origin, race, relationship and homeownership status.

Critics of the citizenship question say it would reduce the accuracy of the census, and undercount minority populations, including immigrants.

An undercount of those groups in turn could affect the allocation of billions of dollars worth of federal funds, whose distribution often is related to census data. An undercount also could affect how district seats in the House of Representatives are drawn.

A citizenship question has not been posed to all U.S. households in decades.

In the Supreme Court decision last week which blocked the question, for now, from being added to the census, Chief Justice John Roberts questioned the Trump administration’s rationale for adding the query, calling it “contrived.”

The administration had argued that while the question could make the census’ count less accurate, it would help the government better enforce certain provisions of the Voting Rights Act. Three federal courts who heard challenges to the question did not accept that argument.

Democrats had celebrated on Tuesday after the Trump administration’s apparent decision to abandon the controversial question for the upcoming census became public.

“Today’s decision is a welcome development for our democracy,” House Speaker Nancy Pelosi, D-Calif., said at the time.

“House Democrats will be vigilant to ensure a full, fair and accurate Census.”

A spokesman for Pelosi did not immediately respond to CNBC’s request for comment on Trump’s tweet

Rep. Ted Lieu, D-Calif. on Wednesday cited the Justice Department lawyer’s statement in a tart Twitter response to Trump’s new tweet.

Shortly after Trump’s tweet Wednesday morning, the chairman of the House Civil Rights and Civil Liberties Subcommittee, Rep. Jamie Raskin, D-Md., announced that Census Bureau Director Steven Dillingham will testify before Raskin’s panel on July 24.

“It is time for the Census Bureau to move beyond all the outside political agendas and distractions and devote its full attention to preparing for the 2020 Census,” Raskin said in a press release.

“This hearing will examine the current status of the Bureau’s readiness for the Census next year — especially in areas where the Bureau may be falling behind such as IT, security and public education.”

It was unclear if the timing of Raskin’s announcement was related to the president’s tweet.


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: kevin breuninger dan mangan, kevin breuninger, dan mangan
Keywords: news, cnbc, companies, contradicting, bureau, court, administration, printing, absolutely, department, decision, trump, census, forward, question, 2020, citizenship, moving


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Consumer watchdog agency sues two large credit-repair firms, alleging unlawful fees and deceptive practices

The nation’s consumer watchdog agency is suing the owners of two large credit-repair companies, accusing them of taking unlawful fees from consumers and engaging in deceptive and abusive sales tactics. The lawsuit also alleges that deceptive methods were used to get customers to sign up for credit-repair services at both firms. Signage is displayed inside the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Monday, March 4, 2019. The suit says the unnamed fi


The nation’s consumer watchdog agency is suing the owners of two large credit-repair companies, accusing them of taking unlawful fees from consumers and engaging in deceptive and abusive sales tactics. The lawsuit also alleges that deceptive methods were used to get customers to sign up for credit-repair services at both firms. Signage is displayed inside the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Monday, March 4, 2019. The suit says the unnamed fi
Consumer watchdog agency sues two large credit-repair firms, alleging unlawful fees and deceptive practices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sarah obrien, douglas holtz-eakin, president of the american action forum, alicia h munnell, director of the center for retirement research at
Keywords: news, cnbc, companies, creditrepair, sues, services, firms, large, lexington, bureau, watchdog, unlawful, fees, law, practices, complaint, consumer, deceptive, consumers


Consumer watchdog agency sues two large credit-repair firms, alleging unlawful fees and deceptive practices

The nation’s consumer watchdog agency is suing the owners of two large credit-repair companies, accusing them of taking unlawful fees from consumers and engaging in deceptive and abusive sales tactics. In a complaint filed Thursday in U.S. District Court in Utah, the Consumer Financial Protection Bureau accused CreditRepair.com and Lexington Law, their owners and various affiliated entities, of violating telemarking laws by collecting fees from consumers before they were legally permitted to do so. The lawsuit also alleges that deceptive methods were used to get customers to sign up for credit-repair services at both firms. In its complaint, the bureau said it is seeking to stop the upfront fees, end deceptive representations used through marketing the services and obtain relief for harmed consumers.

Signage is displayed inside the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Monday, March 4, 2019. Andrew Harrer | Bloomberg | Getty Images

Under federal law, companies can charge fees for credit-repair services only once the promised results have been achieved and proven with a credit report six months later. The lawsuit says that at the time of enrollment with Lexington Law or CreditRepair.com, consumers are charged a fee for a copy of their credit report and told that the fee — which has ranged from $9.99 to $14.99 since July 2011 — is required to begin the credit-repair process. Ongoing monthly fees range from $79.95 to $129.95. The complaint also says that Lexington Law and CreditRepair.com relied on a shared network of marketing affiliates that used deceptive tactics to get consumers to enroll.

For example, the CFPB said, from at least 2012 through 2017, a partner identified as “HSP1” offered consumers low-interest mortgages, access to rent-to-own housing or other products and services, none of which it actually could do. The suit says the unnamed firm was simply an affiliated call center with the purpose of transferring potential clients to Lexington Law. More than 100,000 consumers signed up for Lexington Law’s credit-repair services through that unnamed firm’s efforts, the complaint says. The lawsuit claims the defendants either knew about the misrepresentations or had “reckless indifference” to them or an awareness of the high probability of their existence. More from Personal Finance:

Your mutual fund may have a political bias

Here’s a look at what motherhood costs in lost income

Tread carefully when lending money to family and friends “Despite this knowledge, the … defendants continued to sign up consumers through the affiliate or participated in the affiliate’s deceptive conduct,” the complaint states. The two firms plan to fight the accusations. “We find ourselves a bit perplexed,” said Eric Kamerath, a spokesman for the companies. “In a system that already is weighted heavily against the consumer in favor of opportunistic and opaque processes, why would the [bureau] choose to prevent consumers from getting professional help?”

Sign Up for Our Newsletter Your Wealth Weekly advice on managing your money SIGN UP NOW Get this delivered to your inbox, and more info about about our products and services.

By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sarah obrien, douglas holtz-eakin, president of the american action forum, alicia h munnell, director of the center for retirement research at
Keywords: news, cnbc, companies, creditrepair, sues, services, firms, large, lexington, bureau, watchdog, unlawful, fees, law, practices, complaint, consumer, deceptive, consumers


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Democrats aim to roll back Mulvaney’s ‘anti-consumer’ measures at nation’s watchdog agency

The letter from Majority Leader Steny Hoyer, D-Maryland, said the measure is one of many that the House may vote on next month. Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB) nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., July 19, 2018. “I think it’s just an opportunity for Democrats to vent about their unhappiness over Mulvaney having been acting director.” After the bureau’s formation, Re


The letter from Majority Leader Steny Hoyer, D-Maryland, said the measure is one of many that the House may vote on next month. Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB) nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., July 19, 2018. “I think it’s just an opportunity for Democrats to vent about their unhappiness over Mulvaney having been acting director.” After the bureau’s formation, Re
Democrats aim to roll back Mulvaney’s ‘anti-consumer’ measures at nation’s watchdog agency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: sarah obrien
Keywords: news, cnbc, companies, roll, measures, director, financial, bureau, mulvaney, cfpb, services, agency, house, aim, kaplinsky, democrats, trump, watchdog, nations, anticonsumer, mulvaneys, consumer


Democrats aim to roll back Mulvaney's 'anti-consumer' measures at nation's watchdog agency

A bill that would reverse some controversial moves made at the nation’s consumer watchdog could get a floor vote in the House in May, according to a letter that Democratic lawmakers received from their leadership late last week. The Consumers First Act, which was approved 34-26 by the House Financial Services Committee in late March, would require the Consumer Financial Protection Bureau to “promptly reverse all anti-consumer actions” made under its previous acting director, Mick Mulvaney, who is now President Trump’s acting chief of staff. The letter from Majority Leader Steny Hoyer, D-Maryland, said the measure is one of many that the House may vote on next month. Among other provisions, the legislation would require the bureau’s consumer complaint database to remain public, eliminate the director’s ability to limit the legal reach of its fair lending office and establish an Office of Students and Young Consumers to focus on financial education in that population.

Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB) nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., July 19, 2018. Andrew Harrer | Bloomberg | Getty Images

While the bill — sponsored by Financial Services Committee Chairwoman Maxine Waters, D-California — might get approved in the Democratic-controlled House, it would likely face an uphill battle in the Republican-dominated Senate. “I don’t see this going anywhere,” said Alan Kaplinsky, a partner at the national law firm Ballard Spahr and an expert on the CFPB. “I think it’s just an opportunity for Democrats to vent about their unhappiness over Mulvaney having been acting director.” Now under the direction of Trump appointee Kathy Kraninger, who replaced Mulvaney in December, the CFPB has been a point of political contention since its creation was legislated by the Dodd-Frank Act of 2010.

After the bureau’s formation, Republicans and the financial services industry decried what they considered overzealous regulatory overreach by its Obama-appointed director, Richard Cordray. Then Democratic lawmakers and consumer advocates cried foul when Mulvaney, who was named by Trump to replace Cordray in late 2017, pulled back enforcement and began reviewing existing policies and pending regulations. Kraninger recently indicated that the bureau is still exploring whether its public consumer complaint database should be private, along with reviewing how it measures whether a company is using discriminatory lending practices, according to published reports. Among other controversial moves, the agency also is still reviewing the so-called payday lending rule, which would require lenders to confirm the borrower’s ability to repay the debt. The CFPB did not respond to an inquiry from CNBC. Meanwhile, three cases in different federal circuit courts challenge the constitutionality of the bureau, at least partly on the grounds that its single-director structure puts too much power in the hands of the president. More from Personal Finance:

Investments that push for workplace diversity, gender-pay equity

Americans’ financial happiness hits new high, index shows

Adult children eat into parents’ retirement savings: Study “One or more of the cases likely will end up in the Supreme Court, probably within the next year,” Kaplinsky said. If the bureau were ruled unconstitutional by the high court, the question would be how to fix that defect, Kaplinsky said. One solution that would help remove the politicization of the bureau would be to replace a solo director with a five-member commission, he said. It’s an idea that’s been bandied about but has yet to take hold with lawmakers. “The FCC [Federal Communications Commission] has a five-member commission,” Kaplinsky said. “Republicans have three of the spots and Democrats have two.

Sign Up for Our Newsletter Your Wealth Weekly advice on managing your money SIGN UP NOW Get this delivered to your inbox, and more info about about our products and services.

By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: sarah obrien
Keywords: news, cnbc, companies, roll, measures, director, financial, bureau, mulvaney, cfpb, services, agency, house, aim, kaplinsky, democrats, trump, watchdog, nations, anticonsumer, mulvaneys, consumer


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity

Student-loan servicer Navient has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company. Navients board voted on Monday to reject the $12.50 per share offer from hedge fund Canyon Capital Advisors and private-equity firm Platinum Equity Advisors. The offer represents a 6.6 percent premium over Navients Friday closing price of $11.73 a share. The $12.50 per share offer was surprisingly lower than the $14 to $15 informal price range Canyon’s advis


Student-loan servicer Navient has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company. Navients board voted on Monday to reject the $12.50 per share offer from hedge fund Canyon Capital Advisors and private-equity firm Platinum Equity Advisors. The offer represents a 6.6 percent premium over Navients Friday closing price of $11.73 a share. The $12.50 per share offer was surprisingly lower than the $14 to $15 informal price range Canyon’s advis
Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, rejects, share, 1250, navient, navients, equity, platinum, price, bid, 32, billion, offer, company, canyon, william, bureau, wilmington, capital, takeover


Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity

Student-loan servicer Navient has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company.

Navients board voted on Monday to reject the $12.50 per share offer from hedge fund Canyon Capital Advisors and private-equity firm Platinum Equity Advisors.

The offer represents a 6.6 percent premium over Navients Friday closing price of $11.73 a share.

The $12.50 per share offer was surprisingly lower than the $14 to $15 informal price range Canyon’s advisers had given Navient during talks, Navient’s chairman, William Diefenderfer, said in a statement.

The Wilmington, Delaware-based company recently ran into trouble with regulators over its business practices.

The company was accused by the U.S. Consumer Financial Protection Bureau of cheating hundreds of thousands of borrowers out of loan relief, telling a federal court the bureau did not identify even one such borrower.

Navient said it would consider any proposal in the future if it reflected the fair value of the company.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, rejects, share, 1250, navient, navients, equity, platinum, price, bid, 32, billion, offer, company, canyon, william, bureau, wilmington, capital, takeover


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Worried about a recession? Consider a move to these 7 slump-proof US cities

Worried that the relatively rosy economic times may soon be over? However, there are certain spots around the country where residents feel the bite of economic downturns like the Great Recession less severely. Website Livability.com compiled a list of seven cities, largely in the Midwest and South, where you might consider relocating to avoid the worst effects of any recession to come. Here’s a look at each, along with median home prices from Zillow.com and the local unemployment rate, based on


Worried that the relatively rosy economic times may soon be over? However, there are certain spots around the country where residents feel the bite of economic downturns like the Great Recession less severely. Website Livability.com compiled a list of seven cities, largely in the Midwest and South, where you might consider relocating to avoid the worst effects of any recession to come. Here’s a look at each, along with median home prices from Zillow.com and the local unemployment rate, based on
Worried about a recession? Consider a move to these 7 slump-proof US cities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: kenneth kiesnoski, robert daly, getty images, denistangneyjr, billy hathorn wikimedia commons, csfotoimages, walter bibikow, stephen maturen
Keywords: news, cnbc, companies, labor, end, bureau, recession, zillowcom, statistics, cities, economic, youre, consider, worried, livabilitycom, slumpproof, worst


Worried about a recession? Consider a move to these 7 slump-proof US cities

Worried that the relatively rosy economic times may soon be over? You’re not alone.

A recent survey from Duke University found that half of U.S. CEOs surveyed expect a recession to kick in by the end of this year, and even more — 82 percent — are sure a slump will hit by the end of 2020. If they’re right, we could all be in for some belt-tightening in the not-so-far-off future.

However, there are certain spots around the country where residents feel the bite of economic downturns like the Great Recession less severely. Website Livability.com compiled a list of seven cities, largely in the Midwest and South, where you might consider relocating to avoid the worst effects of any recession to come. Here’s a look at each, along with median home prices from Zillow.com and the local unemployment rate, based on Bureau of Labor Statistics data for December.

Sources: Livability.com, Zillow.com, U.S. Bureau of Labor Statistics


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: kenneth kiesnoski, robert daly, getty images, denistangneyjr, billy hathorn wikimedia commons, csfotoimages, walter bibikow, stephen maturen
Keywords: news, cnbc, companies, labor, end, bureau, recession, zillowcom, statistics, cities, economic, youre, consider, worried, livabilitycom, slumpproof, worst


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post