California Payday Loans – Tinigard http://tinigard.info/ Sat, 25 Sep 2021 08:02:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tinigard.info/wp-content/uploads/2021/05/default1-150x150.png California Payday Loans – Tinigard http://tinigard.info/ 32 32 Oportun Financial: Provides $ 2 Million Low Interest Loan to Help Other Community Development Financial Institutions (CDFIs) Advance Financial Inclusion https://tinigard.info/oportun-financial-provides-2-million-low-interest-loan-to-help-other-community-development-financial-institutions-cdfis-advance-financial-inclusion/ https://tinigard.info/oportun-financial-provides-2-million-low-interest-loan-to-help-other-community-development-financial-institutions-cdfis-advance-financial-inclusion/#respond Thu, 23 Sep 2021 19:42:09 +0000 https://tinigard.info/oportun-financial-provides-2-million-low-interest-loan-to-help-other-community-development-financial-institutions-cdfis-advance-financial-inclusion/ SAN CARLOS, CALIFORNIA-September 23, 2021-Oportun Financial Corporation (NASDAQ: OPRT), an AI-driven financial services and technology company that gives hard workers access to responsible and affordable credit, today announced it is providing a low-rate loan $ 2 million interest in Opportunity Finance Network (OFN), the proceeds of which will be used to provide loans to other […]]]>

SAN CARLOS, CALIFORNIA-September 23, 2021-Oportun Financial Corporation (NASDAQ: OPRT), an AI-driven financial services and technology company that gives hard workers access to responsible and affordable credit, today announced it is providing a low-rate loan $ 2 million interest in Opportunity Finance Network (OFN), the proceeds of which will be used to provide loans to other community development finance institutions (CDFIs) serving low and moderate income communities. This loan replaces the low interest rate loan of $ 1 million that Opportunity previously provided to OFN.

“The historic lack of responsible lending to low- and moderate-income communities has created challenges for the hard-working people whom Opportunity seeks to help,” said Raul Vazquez, CEO of Oportun. “As a successful public enterprise and CDFI, we are able to multiply our impact by offering more low-interest loans, through OFN, to other CDFIs who share our financially inclusive mission and are able to ‘helping consumers we don’t have. are currently serving. ”

“OFN proudly helps money flow to people and places where traditional finance does not reach,” said Lisa Mensah, President and CEO of OFN. “We will direct these resources to other CDFIs, so they can provide affordable financial services in low and moderate income communities and help them thrive.”

Since 2006, Oportun has loaned more than $ 10.5 billion through more than 4.3 million affordable loans that have saved clients an estimated $ 1.9 billion in interest and fees, according to a study commissioned by Timely and led by the Financial Health Network, a leading not-for-profit authority on consumer financial services. health. Oportun has also helped the more than 925,000 people who came to the business without a FICO® score to start building their credit history.

About Opportunity

Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to deliver responsible consumer credit to hardworking people. Using AI-powered models that leverage 15 years of proprietary customer information and billions of unique data points, Oportun has made over 4.3 million loans and over $ 10.5 billion affordable credit, offering its customers alternatives to payday loans and auto titles. In recognition of its responsibly designed products that help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

Media contact

Georges gonzalez
650-769-0441
[email protected]

Disclaimer

Oportun Financial Corp. published this content on September 23, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 23, 2021 07:41:05 PM UTC.


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CFPB Turns To Ninth Circuit To End Loss Streak For Consumer Relief https://tinigard.info/cfpb-turns-to-ninth-circuit-to-end-loss-streak-for-consumer-relief/ https://tinigard.info/cfpb-turns-to-ninth-circuit-to-end-loss-streak-for-consumer-relief/#respond Thu, 23 Sep 2021 10:04:26 +0000 https://tinigard.info/cfpb-turns-to-ninth-circuit-to-end-loss-streak-for-consumer-relief/ The Consumer Financial Protection Bureau, arguing before the Ninth Circuit on Thursday, will attempt to overturn a string of high-profile court rulings limiting federal power to recoup ill-gotten gains from fraudsters in civil cases. The CFPB faces a daunting task in arguing that the United States Supreme Court’s decision in June 2020 in Liu v. […]]]>

The Consumer Financial Protection Bureau, arguing before the Ninth Circuit on Thursday, will attempt to overturn a string of high-profile court rulings limiting federal power to recoup ill-gotten gains from fraudsters in civil cases.

The CFPB faces a daunting task in arguing that the United States Supreme Court’s decision in June 2020 in Liu v. Securities and Exchange Commission– and a more recent Seventh Circuit ruling – should not restrict the bureau’s ability to seek redress for consumers.

The Liu ruling limited the SEC’s ability to secure restitution as a fair remedy for aggrieved investors, saying the regulator could only tackle the net benefits of a fraudulent scheme, as opposed to the bottom line. In July, the United States Court of Appeals for the Seventh Circuit applied Liu’s limitations to CFPB c. Consumer First Legal, reversing a $ 21.7 million refund the bureau won against companies allegedly scamming borrowers seeking help with mortgage relief.

Now the spotlight is on the CFPB’s offer of $ 197 million in consumer redress against online lender CashCall Inc. and its founder, J. Paul Reddam, for allegedly offering loans in states with low rates. triple-digit interest was illegal. The U.S. Court of Appeals for the Ninth Circuit called on the parties to deal with both the Liu and Consumer First cases during Thursday’s oral argument, hinting at a way forward.

The Ninth Circuit “appears very concerned about fair restitution,” said Craig Cowie, Alexander Blewett III professor at the University of Montana and a former senior CFPB enforcement official.

The appeal stems from a 2018 ruling by Judge John F. Walter of the U.S. District Court for the Northern District of California. He found that CashCall violated the Consumer Financial Protection Act (CFPA), but imposed only a civil fine of $ 10 million and no restitution.

The Ninth Circuit heard oral arguments in the CFPB’s appeal against the ruling in September 2019, and the court’s three-judge panel appeared skeptical of Walter’s decision. But the case was put on hold when the Seila Law LLC v CFPB case went to the Supreme Court, which ultimately resulted in a ruling that changed the office’s leadership structure.

The Ninth Circuit reenlisted the CashCall case, setting up arguments as to whether the CFPB’s restitution powers under the Dodd-Frank Act are unique and have not been addressed by Liu.

“Direct” relief.

The CFPB sued Orange, Calif., CashCall and Reddam in 2013 for granting payday loans – through a tribal lender – which violated interest rate caps in more than one dozen of states, including California, New York and North Carolina.

The CFPB says Dodd-Frank gives it the power to obtain fair redress in the form of restitution, based on the net income paid by consumers who did not legitimately owe businesses in the first place. The Liu case is about another type of fair remedy where it is more appropriate to obtain compensation for profits, according to the office.

“It does not follow that a person deceived by paying sums which he did not owe is not entitled to the reimbursement of this money”, declared the CFPB in a brief of April 13. “It’s as easy a restitution remedy as they come. ”

In a subsequent filing in August, the CFPB said the Seventh Circuit was simply “wrong” in applying Liu to Consumer First Legal enforcement action. The CFPB should travel for a new hearing in this case.

CashCall countered by claiming that allowing the CFPB to obtain equitable relief on net income – by calling for such restitution, rather than restitution of ill-gotten gains – would unduly elude Liu.

“It is inconceivable that Liu could be easily circumvented by simply recasting a fair relief claim from “disgorgement” to “restitution,” “CashCall said in a March brief.

Restitution takes away the profits made by the perpetrator of the illegal conduct, but does not concern the income or the amount of damages suffered by the victims of the illegal conduct.

Lawyers for the company have said the Ninth Circuit is expected to follow the Seventh Circuit in a filing filed in August.

Embolden the accused

The Seventh Circuit ruling in Consumer First Legal should pave the way for the Ninth Circuit, said Jonathan Pompan, co-chair of the consumer financial services practice group at Venable LLP.

A loss of the CFPB to the Ninth Circuit could further embolden companies seeking to combat CFPB enforcement action, he said.

“Firms with their backs to the wall that only have one source of revenue under attack could potentially have greater leverage in litigation,” Pompan said.

But this leverage can have limits, according to Cowie.

The Dodd-Frank Act gave the CFPB a host of powers that would allow it to tackle any net income of a suspected fraudster if it tricked consumers into paying money they didn’t owe, a he declared.

Among them is the ability to seek legal remedies, including severe damages, which may require jury trials rather than benches, Cowie said.

The CFPB argued in its briefing materials that even if the Ninth Circuit governed CashCall for reasons defined by Liu, the bureau should still be allowed to get the same relief for consumers as a “money refund” or a “payment of damages” as authorized. under Dodd-Frank.

It’s a model the CFPB is likely to follow in the future, Cowie said.

“In cases where they are in federal court, they should make arguments for legal remedies in addition to fair remedies, in case they lose,” he said.

The case is CFPB v. CashCall Inc., 9th Cir., No. 18-55407, Oral arguments 23/09/21


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Trump judges demand consumers aggrieved by ‘payday’ loans drop class action lawsuit and arbitrate individual claims: judges upheld, fears upheld https://tinigard.info/trump-judges-demand-consumers-aggrieved-by-payday-loans-drop-class-action-lawsuit-and-arbitrate-individual-claims-judges-upheld-fears-upheld/ https://tinigard.info/trump-judges-demand-consumers-aggrieved-by-payday-loans-drop-class-action-lawsuit-and-arbitrate-individual-claims-judges-upheld-fears-upheld/#respond Wed, 22 Sep 2021 14:16:45 +0000 https://tinigard.info/trump-judges-demand-consumers-aggrieved-by-payday-loans-drop-class-action-lawsuit-and-arbitrate-individual-claims-judges-upheld-fears-upheld/ “Judges confirmed, fears confirmed”Is a series of blogs documenting the damaging impact of President Trump’s judges on the rights and freedoms of Americans. Cases in the series can be found by number and by judge at this connect. Trump Ninth Circuit Judge Danielle Forrest, joined by Trump Judge Lawrence VanDyke, overturned district court and ruled […]]]>

Judges confirmed, fears confirmed”Is a series of blogs documenting the damaging impact of President Trump’s judges on the rights and freedoms of Americans. Cases in the series can be found by number and by judge at this connect.

Trump Ninth Circuit Judge Danielle Forrest, joined by Trump Judge Lawrence VanDyke, overturned district court and ruled consumers harmed by short-term, high-interest ‘payday’ loans could not sue collective for fraud and related violations, but were instead to at least initially submit their individual claims for arbitration as requested by the defendants. The September 2021 decision was in Brice v Plain Green LLC.

As documented by the Consumer Financial Protection Bureau (CFPB) and others, payday loans are high-cost loans made to low-income, low-credit borrowers who often encounter questionable practices and subsequent financial problems. Although many states regulate payday loans through methods such as prohibiting exorbitant or “usurious” interest and other measures, the limited liability companies and others that make such loans have sought to evade exorbitant or “usurious” interest. regulation, through methods such as the use of the Internet and a technique called ‘rent-a-tribe’, in which ‘tribal front companies, acting as fronts for non-Indian payday lenders, charge borrowers exorbitant interests ”and claim that they are subject only to tribal law, not national or federal law. Loan agreements generally provide that any dispute is to be arbitrated individually by an “independent third party” based largely on tribal law. A number of California consumers have fallen victim to these practices and have filed a class action lawsuit against Think Finance LLC and its owners and investors, claiming that the defendants used these tribal shell companies to provide inappropriate payday loans with low rates. interest of more than 400% per year.

As in many cases, several defendants attempted to stop the class action and force individual arbitration of each victim’s claims under an arbitration clause in the loan agreements. Following the lead of most other courts that have considered such lawsuits, the district court dismissed the petitions for arbitration. The defendants appealed.

In a 2-1 decision, Justices Trump Forrest and VanDyke reversed, holding that the plaintiffs were required to submit each of their individual claims to arbitration and that they could only bring a broader legal action if the arbitrators they themselves decided that it was inappropriate for the arbitration agreement to delegate to them the question of whether disputes go to arbitration. Based on their interpretation of the Supreme Court’s decisions on arbitration of cases involving consumers suing companies, Trump justices ruled that the provision of the agreement “delegating to an arbitrator” the question of whether the The arbitration agreement was valid, and that the district court should “compel the parties to proceed to arbitration”. Only if the arbitrator concludes that “the arbitration agreement is unenforceable,” Forrest continued, can consumers “go back to court” and seek a broader remedy.

Judge William Fletcher was a firm dissenter. He noted that the majority decision contradicts “all of our sister circuits that have addressed” the issue, including the second, third and fourth circuits, in holding that the delegation provision was valid. Based on a careful analysis of these rulings, Supreme Court rulings and the language of loan agreements, Fletcher determined that the delegation clause and the arbitration agreement were invalid, especially since they function as a “prospective waiver” by borrowers. right to seek redress for violation of state and federal laws protecting consumer rights. Fletcher concluded that the effect of the Forrest-VanDyke decision was to “inappropriately force vulnerable borrowers into arbitration,” despite the fact that other circuits had “consistently condemned” such arbitration agreements, ” including those used by the same lenders as in this case. “

Therefore, due to the ruling of Justices Trump Forrest and VanDyke, California borrowers will not be able to seek effective redress against the inappropriate payday lending practices in the case, and a troubling precedent has been set that will even further than previous cases in forcing consumers to resort to ineffective individual arbitration in disputes with businesses. The case further demonstrates the need, as part of our fight for our courts, to swiftly uphold the Biden candidates in the Ninth Circuit and all of our federal courts to counterbalance the views of those Trump judges and show respect for consumer rights. In fact, as explained elsewhere in this blog, President Biden recently submitted the nominations of three “highly qualified judicial appointees” to the Ninth Circuit as part of the effort to “restore our federal courts.”


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Livefreedebt.com Presents America Debt Settlement Solution https://tinigard.info/livefreedebt-com-presents-america-debt-settlement-solution/ https://tinigard.info/livefreedebt-com-presents-america-debt-settlement-solution/#respond Tue, 21 Sep 2021 21:29:23 +0000 https://tinigard.info/livefreedebt-com-presents-america-debt-settlement-solution/ Introducing Livefree Debt, a company providing debt settlement services in Irvine, California that helps reduce the amount of debt their clients owe to creditors. The company connects its clients with a certified debt consultant. The consultant then negotiates a lower amount with the creditors on behalf of their client. This process speeds up payments and […]]]>

Introducing Livefree Debt, a company providing debt settlement services in Irvine, California that helps reduce the amount of debt their clients owe to creditors. The company connects its clients with a certified debt consultant. The consultant then negotiates a lower amount with the creditors on behalf of their client. This process speeds up payments and reduces monthly payments by up to 60%.

Although unpopular, debt settlement is an effective method that is used to reconcile a creditor and a debtor. This is often a written agreement that provides for a debtor to pay off a significant percentage of their debt all at once in exchange for the creditor’s willingness to cancel the remaining debt. It is often used as a last resort for debt collection to avoid a 100% loss in the event that a debtor’s situation becomes catastrophic.

The company targets people who have over $ 10,000 in unsecured debt like credit cards and payday loans. However, it does not include payday loans, hospitals, cars, or mortgages. There are a few touch points that must be completed to be considered by the customer:

– Must be a working person.

– The FICO score must be 650+.

– Not having missed any payment.

– Never been bankrupt.

– Have used the limit of his card up to 75%.

– Have more than $ 20,000 in credit card debt.

These criteria are essential for a customer wishing to benefit from the services. The company then assigns an expert specialist who negotiates the debt with creditors on behalf of clients. All the burden of negotiation and navigation is left to the specialist expert who then establishes a well-framed payment plan if the creditors agree on a settlement. Customers are welcome not to miss any payments after this.

There are only 3 easy steps to use this amazing service –

1. Go to www.livefreedebt.com and provide basic essential information to expert consultants by filling out a quick web form. The consultant must know the whole story of his client before negotiating.

2. Debt partners then chalk out the total amount of money that can be saved through the process.

3. The experts then recommend a program that is perfectly suited to your needs.

Livefree Debt is different from other debt settlement companies. Most companies only provide a monthly wallet that will simply settle the account within 3-4 years. Livefreedebt adapts its plans according to the needs of its customers. While the other debtors are just sales offices that sell the wallet monthly to a main office to settle accounts over 4 years, Livefree Debt offers comprehensive services such as sales, customer service, quality control, etc. to ensure that its customers are satisfied.

To find out more, use the media contact points below.

Media contact
Company Name: Livefree Debt Relief
E-mail: Send an email
Telephone: 1 (888) 866-4508
State: Irvine
Country: United States
Website: https://livefreedebt.com/


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State AG Updates: September 6-10, 2021 https://tinigard.info/state-ag-updates-september-6-10-2021/ https://tinigard.info/state-ag-updates-september-6-10-2021/#respond Tue, 21 Sep 2021 21:00:00 +0000 https://tinigard.info/state-ag-updates-september-6-10-2021/ Each week, the Crowell & Moring State Attorneys General team highlights important actions taken by state attorneys general. Here are the updates for this week. Monday, September 6, 2021 Federal Firearms Regulations Michigan Attorney General Dana Nessel today joined a coalition of 18 attorneys general to file an amicus case supporting federal laws restricting the […]]]>

Each week, the Crowell & Moring State Attorneys General team highlights important actions taken by state attorneys general. Here are the updates for this week.

Monday, September 6, 2021

Federal Firearms Regulations

  • Michigan Attorney General Dana Nessel today joined a coalition of 18 attorneys general to file an amicus case supporting federal laws restricting the commercial sale of handguns to those under the age of 21 . In the case, filed with the U.S. Court of Appeals for the 4th Circuit, the coalition argues that such restrictions protect residents from the harmful effects of gun violence and encourage the safe use of firearms.

Freedom to hire religious charity

  • Attorney General Alan Wilson joined a coalition of 17 states in filing a brief Thursday to the United States Supreme Court in support of religious freedom of Seattle Gospel Mission Union. The mission is seeking Supreme Court review of a recent Washington State Supreme Court ruling denying the faith-based charity the right to hire employees who share its faith. Attorneys General argue that the Washington Supreme Court ignored history and precedent to deny a religious nonprofit organization’s right to hire only employees who share its faith. And the move is just the latest warning that previously unchallenged religious freedoms risk being eroded by a growing wave of religious intolerance.

Tuesday, September 7, 2021

Consumer Financial Protection Bureau

  • The Consumer Financial Protection Bureau announced an enforcement order against the provider of revenue sharing agreements Better Future Ahead, Inc. for falsely declaring revenue sharing agreements not to be loans, for failing to provide information required by law and for violating a prepayment penalty ban covering private education loans. The ordinance requires the company to reform its business practices, but does not impose a financial penalty for substantial cooperation and good faith.
  • Consumer Financial Protection Bureau (“CFPB”) Acting Director Uejio released a statement applauding the United States District Court’s decision for the West District of Texas decision to uphold the payment provisions of the rule. 2017 CFPB on High Cost Payday Loans, Vehicle Title and Installment Loans. The court order provides that compliance with the rule will be mandatory as of June 13, 2022.

Consumer protection

  • Massachusetts Attorney General Healey announced that under disclaimer insurance, a debt collection company Transworld Systems, Inc. agreed to pay $ 2.25 million and significantly change its business practices. Settlement resolves allegations the company violated debt collection law by making a high volume of appeals, attempting to collect prescribed debts, and using false and misleading affidavits to collect student loan debts private.

Fair Opportunities in Housing Act

  • New Jersey Acting Attorney General Bruck announced that the New Jersey Civil Rights Division has proposed new rules to increase housing options for people with criminal records. The rules will implement the Fair Chance in Housing Act which prohibits landlords from interviewing applicants for criminal history under most circumstances, as well as checking applicants’ criminal backgrounds before making a conditional offer of housing. Homeowners must also meet additional requirements before rejecting applicants on the basis of criminal history.

Health Care – Interim Final Rule

  • California Attorney General Bonta sent a comment letter to the US Department of Health and Human Services, the US Department of Labor and the US Department of the Treasury applauding the federal government’s interim final rule that will extend protection against medical bills surprises to those who receive health coverage through self-funded employer plans and those who live in states without protection. Attorney General Bonta also made suggestions to strengthen the rule, for example by expanding the definition of “emergency care center”.

Wednesday, September 8, 2021

Consumer Financial Protection Bureau

  • The Consumer Financial Protection Bureau filed a complaint accusing LendUp Loans, LLC violate a 2016 consent order by continuing to mislead repeat borrowing marketing; and fail to provide timely and accurate advice to those whose loan applications have been denied. The lawsuit seeks an injunction, damages or restitution, restitution and civil penalties.

Misleading claims

  • Washington Attorney General Ferguson announced that the debt collection agency Convergent has to pay over $ 1.6 million in settlement. The settlement resolves allegations that the company sent misleading “offer to settle” letters deceptively suggesting that there was a possibility of litigation to collect debts that were in fact overdue and unrecoverable.

National Association of Attorneys General Virtual Summit 2021 Robocall

  • Ohio Attorney General Yost and Michigan Attorney General Nessel co-hosted the National Association of Attorneys General’s 2021 virtual summit. The objectives of the summit include highlighting and coordinating enforcement action against robocalls, establishing links to share information, lobbying for legislation and sharing best practices.

Gouging price

  • California Attorney General Bonta has announced that California’s predatory pricing law is in effect in Lake County after the declaration of a state of emergency for the cache fire.

Thursday, September 9, 2021

Consumer protection

  • Virginia Attorney General Herring announced that the State Corporation Commission had passed regulations implementing the “Bill of Rights” for Virginia student borrowers, specifically noting the influence of Attorney General Herring’s favorable comments. Under the new laws, the Virginia Attorney General’s office will have the capacity to investigate and take action against allegations of misconduct involving student loan officers.

Environment – Anti-idling law

  • Massachusetts Attorney General Healey announced a settlement with the school bus company Tremblay Bus Company, LLC, resolving allegations that the company violated the state and federal Clean Air Act, state air regulations, and school idling regulations by allowing its buses to run idling unnecessarily on school grounds. The agreement includes a civil fine of up to $ 120,000, a payment of $ 45,000 to the attorney general’s office and an injunction, including posting “no excessive idling” signs.

Fraud systems

  • Minnesota Attorney General Ellison announced his office had secured a judgment of $ 954,966 against the company Contribution to 2 fighters / Coast 2 Coast Marketing and its owner for violating consumer protection and charitable solicitation laws. The company reportedly went door-to-door claiming that it was a non-profit organization seeking donations for care packages to send to service members, but then spent the funds on it. owner’s personal use. In addition to the monetary provision, the judgment prevents the company from doing business in the state and prohibits the owner from any involvement in the state’s nonprofit sector.

Work and employment

  • New York Attorney General James announced a deal with Old Republic National Title Insurance Company, ending its use of no-poaching agreements. The regulations require the company to pay $ 1 million, terminate any pending no-poaching agreements, and cooperate with ongoing investigations in this area. The press release also says it is intended to warn businesses that New York City will not tolerate no-poaching agreements.

Friday, September 10, 2021

Consumer protection

  • Colorado Attorney General Weiser announced that the risky auto finance company Santander Consumer USA, Inc. will provide the state with debt relief of $ 3.065 million. The settlement resolves allegations that the company’s subprime lending practices violated consumer protection law by placing consumers in loans with a high probability of default and exposing them to unnecessary risk. Among other things, settlement includes canceling debt, buying back loans from third parties, repairing credit, and not forcing consumers to make payments through methods that require third-party fees.

Health – Transparency of hospital tariffs

  • North Carolina Attorney General Stein announced his appreciation for the work of North Carolina hospitals in complying with price transparency regulations. He also announced follow-up letters sent to hospital administrators requesting updates on their work towards compliance.

Consumer Protection Act by Telephone

  • North Carolina Attorney General Stein applauded a Sixth Circuit ruling inLindenbaum vs. Realgy maintaining the ban on robotic calls in the Consumer Protection Act by telephone. The ruling overturns a district court ruling that because one part of the law was found to be invalid, the rest of the law is also invalid. After the Sixth Circuit’s decision, state attorneys general are able to pursue enforcement actions under the law.


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Timely (OPRT) drops 3.52% to close at $ 23.60 on September 20 https://tinigard.info/timely-oprt-drops-3-52-to-close-at-23-60-on-september-20/ https://tinigard.info/timely-oprt-drops-3-52-to-close-at-23-60-on-september-20/#respond Tue, 21 Sep 2021 01:40:00 +0000 https://tinigard.info/timely-oprt-drops-3-52-to-close-at-23-60-on-september-20/ Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange OPRT – Market data and news To exchange Oportun Financial Corp (NASDAQ: OPRT), a San Carlos, Calif., Company […]]]>

Oportun Financial Corp (NASDAQ: OPRT), a San Carlos, Calif., Company closed at $ 23.60 on Monday after losing $ 0.86 (3.52%) on volume of 47,514 shares. The stock ranged from a high of $ 24.10 to a low of $ 23.07, while Opportunity’s market cap now stands at $ 661,913,755.

About Opportun Financial Corp

Oportun Financial Corp. is a financial services company that leverages its digital platform to deliver responsible consumer credit to hardworking people. Using AI-powered models that are based on 15 years of proprietary customer information and billions of unique data points, Oportun has provided more than $ 9.8 billion in affordable credit, providing customers with alternatives to payday and auto title loans. In recognition of its responsibly designed products that help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009. The company recently applied for a National Banking Charter to extend its services and make its products available in all 50 states.

Visit the Opportun Financial Corp profile for more information.

The daily solution

The COVID-19 pandemic has not slowed the pace of climate change and the world is likely to miss its Paris Agreement target of reducing global warming to 1.5 degrees Celsius above pre-industrial levels, according to a new United Nations report.

The Federal Reserve is reviewing ethics policies that govern financial holdings and the activities of its senior officials following recent revelations that two regional Fed chairmen engaged in intensive trade last year.

JPMorgan follows Goldman Sachs in a crowded UK market.

About the Nasdaq Stock Market

The Nasdaq Stock Market is a global leader in trading data and services, as well as the listing of stocks and options. The Nasdaq is the world’s largest stock exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

To get more information about Oportun Financial Corp and keep up with the latest company updates, you can visit the Company Profile page here: Oportun Financial Corp Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView on the basis of prices delayed by 15 minutes. All other data provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

DISCLOSURE:
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Bill Gates Raises Over $ 1 Billion For Clean Energy Technology


CVS Health to Hire 25,000 at Virtual Career Event on Friday, September 24

President Biden’s new alliance with Australia and Great Britain Angers France and European Union

California Governor Newsom signs affordable housing law

COVID-19 outbreak in Idaho forces health care rationing statewide

JPMorgan launches its first digital overseas bank in UK next week

Federal Reserve Reviews Ethics Policies Following Prolific Transactions Leaked By Two Senior Officials

Chinese real estate developer Evergrande is not ‘too big to fail’ – Global Times



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This Week in the Ninth: PowerPoints and Payday Loans | Morrison & Foerster LLP – Left Coast Appeals https://tinigard.info/this-week-in-the-ninth-powerpoints-and-payday-loans-morrison-foerster-llp-left-coast-appeals/ https://tinigard.info/this-week-in-the-ninth-powerpoints-and-payday-loans-morrison-foerster-llp-left-coast-appeals/#respond Mon, 20 Sep 2021 12:00:00 +0000 https://tinigard.info/this-week-in-the-ninth-powerpoints-and-payday-loans-morrison-foerster-llp-left-coast-appeals/ This week, the court is relaunching an ERISA claim and forcing arbitration of a dispute over Internet tribal payday loans. WARMENHOVEN v. NETAPP, INC.The Court held that the PowerPoint presentations did not constitute plan documents and that, therefore, any representation they contained could not prevail over ERISA’s default rule that social assistance plans can be […]]]>

This week, the court is relaunching an ERISA claim and forcing arbitration of a dispute over Internet tribal payday loans.

WARMENHOVEN v. NETAPP, INC.
The Court held that the PowerPoint presentations did not constitute plan documents and that, therefore, any representation they contained could not prevail over ERISA’s default rule that social assistance plans can be changed at any time. at any time, and that a fair claim for breach of fiduciary duty under Section 1132 (a) (3) of ERISA does not require proof of intent to deceive.

The panel: Judges Christen, Bade and Feinerman (ND Ill.), With Judge Feinerman writing the opinion.

Climax : “[T]ERISA’s default rule is that pension plans do not vest and can be changed at any time. . . A plan can override this default rule, but only if it does so expressly in a plan document.

Background: After NetApp implemented a phased termination of its NetApp executive medical pension plan, seven retired executives sued NetApp, alleging that the plan termination violated the 1974 Act respecting retirement income security. employees (“ERISA”) because they were promised lifetime benefits. They argued both a direct claim for benefits under Section 1132 (a) (1) (B) of ERISA, and another claim for fair relief under Section 1132 (a) (3) on the grounds that NetApp falsely claimed that the plan offered lifetime benefits. The district court granted NetApp summary judgment on the two claims and a retired executive upheld an appeal.

Results: The Ninth Circuit partially confirmed, partially canceled and returned. The court upheld the district court’s grant of summary judgment to NetApp on the executive’s direct retirement benefit claim under section 1132 (a) (1) (B) or ERISA. The panel explained that the default rule under ERISA is that employers can freely terminate social benefit schemes like the scheme in question. PowerPoint presentations presented to the retired executive by HR suggesting that NetApp would maintain the health insurance benefit for the life of members did not override the default rule as they were not plan documents as they did not claim to meet the requirements of a written instrument. under Section 1102 (b) of ERISA. The cases finding de facto ERISA plans based on informal commitments to provide services are not applicable in situations where the plan promoter has prepared a written instrument.

The court overturned the district court’s grant of summary judgment to NetApp on the retired executive’s claim for fair relief under Section 1132 (a) (3). The court explained that trustees are in breach of their duties if they mislead plan members or distort the terms or administration of a plan. Disagreeing with the district court and the Seventh Circuit, the court held that proof of a breach of fiduciary duty under ERISA does not require a demonstration of intent to deceive. As there was a genuine dispute over material facts as to whether NetApp incorrectly told plan members that its plan provided lifetime health benefits, the retired executive’s fiduciary duty claim survived. summary judgment. The Court did not consider whether the retired executive would be entitled to an appropriate fair remedy to redress the alleged wrong – another requirement of a fair claim under Section 1132 (a) (3) – but did rather left that issue to the district court to consider the referral. The retired executive did not waive this issue by not expressing it in its opening brief, as the issue had not been decided by the district court.

BRICE v. HAYNES INVESTMENTS
The Court held that an agreement delegating to an arbitrator the question of whether the underlying arbitration agreement with a choice of law provision choosing tribal law was inapplicable was not in itself inapplicable because its language simple did not prevent the plaintiffs from pursuing their contention that the arbitration agreement invalidly and prospectively waived their rights to pursue federal statutory claims before the arbitrator.

The panel: Justices W. Fletcher, Forrest and VanDyke, with Judge Forrest writing the opinion, and Judge W. Fletcher dissenting.

Climax : “We do not dispute that the borrowers have a reasonable argument that the arbitration agreement as written precludes them from asserting their RICO or other federal claims in the arbitration. . . . And if this is true, the arbitration agreement is probably unenforceable as a potential waiver. . . . But, where there is a clear delegation provision, that is not for us – or anyone wearing a black dress – to decide. “

Background: The applicants (“borrowers”) have obtained short-term, high-interest loans from Indian tribal lenders (“tribal lenders”). Tribal Lenders’ standard loan agreements contain an agreement to arbitrate any dispute arising out of the contract. Each arbitration agreement includes a delegation clause requiring that an arbitrator, and not a court, decide “any question concerning the validity, applicability or scope of [the loan] agreement or [arbitration agreement]. The loan contracts also state that the contracts ‘shall be governed by the laws of the tribe’ or ‘tribal law’ and that an arbitrator shall ‘apply tribal law and the terms of this agreement.’ The borrowers asserted that the Payday loans they had taken out from tribal lenders were illegal under the Racketeer Influenced and Corrupt Organizations Act and California law and filed class actions against the defendants, including the tribal lenders and certain investors (“Investors” The investors requested binding arbitration, but the district court dismissed the petitions, concluding that each contract was unenforceable because it prospectively waived the borrowers’ right to pursue federal statutory claims by forcing the arbitrator to apply the law. The district court ruled that each delegation provision was inapplicable for the same reason. Several investors have appealed.

Results: The Ninth Circuit has reversed. The tribunal felt that it should first focus on the applicability of the delegation provision in particular, and not on the arbitration agreement as a whole. The Borrowers argued that the arbitration agreement and the delegation provision were inapplicable under the prospective waiver doctrine because they waived the Borrowers’ rights to seek remedies under federal law. But given the plain language of the delegation provision, the court concluded that it does not preclude the arbitrator from considering applicability disputes based on federal law. The court did not dispute that the choice of the tribal law loan agreement as the governing authority may mean that the arbitrator will ultimately decide that it cannot consider a challenge to the applicability of the arbitration agreement in its set on the basis of a potential waiver if tribal law does not recognize this doctrine. But, the court explained, this possibility does not prevent Borrowers from to chase their challenge to the enforcement of the prospective waiver in arbitration, which is key to determining whether the delegation provision is itself a prospective waiver. The tribunal recognized that its finding departed from the findings of some of its sister circuits, but disagreed with them because they viewed the potential waiver in the context of the arbitration agreement as a whole, and not as it applied to the delegation provision. The tribunal noted that if the arbitrator concludes that she cannot consider a challenge to the prospective waiver of the applicability of the arbitration agreement, the borrowers can return to court and argue that the arbitrator has exceeded. his powers.

Justice W. Fletcher was dissenting. Justice Fletcher found that the court’s decision failed to understand the effect of choice of law provisions in agreements. Under these provisions, the arbitrator can only apply tribal law and a small, irrelevant subset of federal law, which will prevent him from applying the law necessary to determine whether the delegation provisions and convention arbitration are valid. This, Fletcher J. concluded, invalidates both the delegation provisions and the arbitration agreements.


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Tackling Inequalities after the Occupation of Wall Street https://tinigard.info/tackling-inequalities-after-the-occupation-of-wall-street/ https://tinigard.info/tackling-inequalities-after-the-occupation-of-wall-street/#respond Sat, 18 Sep 2021 09:57:08 +0000 https://tinigard.info/tackling-inequalities-after-the-occupation-of-wall-street/ NOT Occupy Wall Street was criticized at the time for exposing systemic problems without offering a concrete list of solutions. Yet the protesters spoke about policies they saw as unfair and others that would tackle the evils they stood up to. The movement has left an indelible mark not only on the national debate on […]]]>

NOT

Occupy Wall Street was criticized at the time for exposing systemic problems without offering a concrete list of solutions. Yet the protesters spoke about policies they saw as unfair and others that would tackle the evils they stood up to. The movement has left an indelible mark not only on the national debate on inequality, but also on the laws and structures that allow it. The rampant inequality decried by Occupy has been perpetuated over decades of political choices and can be reversed by the same. Below, we identify eight policy areas in which activists and lawmakers have, since 2011, tried to work for a more just America.

Search for Katrina Janco and Gloria Oladipo.

NOT

MINIMUM SALARY OF $ 15

Occupy Wall Street has shed light on the huge sums of money being accumulated by the people at the top, but it also got the country talking about the meager wages paid to those at the bottom. Just a year after protesters occupied Zuccotti Park, the Fight for $ 15 movement began demanding a minimum wage of $ 15 an hour, plus the right to unionize, and it was surprisingly successful. Ten states and Washington, DC, have now passed legislation to raise their minimum wages to that level, as have dozens of cities. During his administration, President Obama supported a minimum wage of $ 9 an hour, but in 2016 the Democratic Party had a minimum wage of $ 15 in its platform. Democrats have yet to vote a raise while controlling Congress and the White House. President Biden has, however, taken executive action to raise the wages of federal contractors to this level, affecting at least a quarter of a million people.

NOT

FREE COLLEGE

Protesters who camped at Zuccotti Park created the Occupy Student Debt campaign in an effort to create a movement to end all student debt. One of the fundamental principles was to advocate for free public higher education, and that left a mark. Since 2011, 16 states have launched statewide programs that make college free to students at certain types of institutions. It’s also an idea that has resonated with federal lawmakers, even though they have yet to pass legislation. Members of Congress introduced a bill to provide tuition-free college, and after campaigning for two years of free-for-all community college, President Biden included it in his U.S. plan for families, which is now part of the Democrats’ Autonomous Infrastructure Package. .


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Oportun (OPRT) fell 0.12% in Light Trading on September 16 https://tinigard.info/oportun-oprt-fell-0-12-in-light-trading-on-september-16/ https://tinigard.info/oportun-oprt-fell-0-12-in-light-trading-on-september-16/#respond Fri, 17 Sep 2021 01:40:00 +0000 https://tinigard.info/oportun-oprt-fell-0-12-in-light-trading-on-september-16/ Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange OPRT – Market data and news To exchange Oportun Financial Corp (NASDAQ: OPRT), a San Carlos, Calif., Company […]]]>

Oportun Financial Corp (NASDAQ: OPRT), a San Carlos, Calif., Company closed at $ 24.16 on Thursday after losing $ 0.03 (0.12%) on volume of 24,235 shares. The stock ranged from a high of $ 24.56 to a low of $ 23.74, while Opportunity’s market cap now stands at $ 677,620,183.

About Opportun Financial Corp

Oportun Financial Corp. is a financial services company that leverages its digital platform to deliver responsible consumer credit to hardworking people. Using AI-powered models that leverage 15 years of proprietary customer information and billions of unique data points, Oportun has provided more than $ 9.8 billion in affordable credit, providing customers with alternatives to payday loans and auto titles. In recognition of its responsibly designed products that help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009. The company recently applied for a National Banking Charter to extend its services and make its products available in all 50 states.

Visit the Opportun Financial Corp profile for more information.

About the Nasdaq Stock Market

The Nasdaq Stock Market is a global leader in trading data and services, as well as the listing of stocks and options. The Nasdaq is the world’s largest stock exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

To get more information about Oportun Financial Corp and keep up with the latest company updates, you can visit the Company Profile page here: Oportun Financial Corp Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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Split 9th Circ. Axes Ruling, forces the certified class to arbitrate https://tinigard.info/split-9th-circ-axes-ruling-forces-the-certified-class-to-arbitrate/ https://tinigard.info/split-9th-circ-axes-ruling-forces-the-certified-class-to-arbitrate/#respond Fri, 17 Sep 2021 01:35:00 +0000 https://tinigard.info/split-9th-circ-axes-ruling-forces-the-certified-class-to-arbitrate/ By Diamond Naga Siu (September 16, 2021, 9:35 p.m. EDT) – The Ninth Circuit, in a split opinion released Thursday, overturned a California federal judge’s ruling that tribal-linked lenders were wrongly denied their request for arbitration of borrowers’ claims and that an arbitrator should decide whether arbitration clauses are enforceable. Kimetra Brice led a consumer […]]]>
By Diamond Naga Siu (September 16, 2021, 9:35 p.m. EDT) – The Ninth Circuit, in a split opinion released Thursday, overturned a California federal judge’s ruling that tribal-linked lenders were wrongly denied their request for arbitration of borrowers’ claims and that an arbitrator should decide whether arbitration clauses are enforceable.

Kimetra Brice led a consumer class suing now-defunct online lender Think Finance and associated parties Plain Green and Great Plains Lending for issuing interest rates above California’s legal limits and getting away with it. doing business with tribal entities and declaring tribal sovereign immunity.

The decision of the three-judge panel now creates a circuit split, as the second, third and …

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