Digital house sales revolution kicks off within new-build sales sector

first_imgThe advent of super-fast digital-only house sales has taken a huge step forward after developer and property investment firm MBU Capital became the first to sell new-builds using a digitised end-to-end conveyancing process late last year at a Stevenage development (pictured).MBU Capital has achieved this using the Yourkeys platform and says it has completed on several sales ranging from £170,00,00 for a studio to £365,000 for a two-bed flat.Yourkeys says its business model is focussed on newbuilds and it hopes to facilitate 10,000 sales during 2020, although a version for resale properties is to launch later on.The platform knits together conveyancing firms, mortgage brokers, lenders, housebuilders and estate agents and, it is claimed, reduces the sales process from an industry average of 63 to 11 days.“There are lots of companies involved in each transaction and their systems don’t talk to each other,” says 27-year-old Yourkeys CEO Riccardo Iannucci-Dawson (left).“We saw the opportunity to build a data layer that pulls together inputs from everyone involved.”Founded by Dawson three years ago, Yourkeys has several backers including lending giant the Mortgage Advice Bureau.“This was a huge challenge but working with our partners, we achieved it and now have over 2,500 companies directly integrated into the platform,” says Dawson.His platform pulls 200 data sets from multiple sources to reduce buyer onboarding time from weeks to just minutes including ID verification, anti-money laundering checks and mortgage applications.Peter Beard (left), Sales Director of MBU Capital, says: “This is revolutionary, not only for us but for the market in general. The problem with the sales process has always been that there are too many people involved with no oversight of what’s happening.“Yourkeys stitches all the pieces together to give complete transparency to all involved without any additional work or input of information.”Read more about the digital conveyancing revolution.MBU Capital Riccardo Iannucci-Dawson Yourkeys conveyancing January 8, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Digital house sales revolution kicks off within new-build sales sector previous nextProptechDigital house sales revolution kicks off within new-build sales sectorFirst fully-digital sales progressions for new-build developments were completed late last year in Stevenage, it has been revealed by platform developer Yourkeys.Nigel Lewis8th January 202001,265 Viewslast_img read more


first_imgTimothy WeirAurora Inc. – the homeless housing solutions agency serving Evansville and the surrounding community – today announced that it has appointed community advocate Timothy Weir to serve as its Executive Director. He will lead and support the team of professionals delivering Aurora’s valued rapid-rehousing, re-entry, permanent supportive housing, and homeless street outreach programs locally.Weir joins Aurora from Evansville-based Accuride Corporation, a supplier of wheel-end systems to the global commercial vehicle industry. He had served as Accuride’s Director of Communications & Government Relations since June 2011 and was a member of its executive leadership team. Weir will begin his new role on January 7, 2019, succeeding Aurora Program Director Susan Steinkamp, who has served as Interim Executive Director since October 2018.Weir has been an active contributor to the Evansville community since relocating from Detroit in 2011. In addition to managing Accuride’s local community engagement and philanthropic efforts, he has led several community initiatives as a volunteer, including three years as co-director of the Commission on Homelessness for Evansville and Vanderburgh County (2015-2018). He was appointed to the Commission role in May 2015 by Evansville Mayor Lloyd Winnecke. Weir was recognized by Leadership Evansville as the 2017 recipient of the Winternheimer/LaMar Award for Public Service and was named Homeless Advocate of the Year in 2016 by Aurora.“All of us at Aurora are excited to welcome Timothy as the organization’s new Executive Director,” Carolyn Dearmond, President of the Aurora Board of Directors, said. “His passion for preventing and ending homelessness in our community is clear and inspiring. He exemplifies servant leadership through his volunteer service work, including three years as Co-Director of the Commission on Homelessness for Evansville and Vanderburgh County.  In addition to the leadership and communication skills Timothy brings to Aurora, he will be a selfless, dedicated advocate for those facing homelessness.”“We will miss Timothy here at Accuride,” said Accuride President & CEO Rick Dauch. “We understand and fully support his decision to join and lead Aurora. Timothy’s passion to help and care for others – especially the homeless and those in need – is a calling that we respect and admire.”About Timothy WeirTimothy G. Weir, APR is Executive Director of Aurora Inc.  He joined Aurora from Accuride Corporation, a $1.2 billion global supplier of wheel-end systems headquartered in Evansville, where he served as Director, Communications & Government Relations and was a member of the Executive Committee. Weir’s 37-year career in corporate communications included prior roles with Textron Inc. and United Technologies Corporation, among others. He served from 2015 to 2018 as Co-Director of the Commission on Homelessness for Evansville and Vanderburgh County, to which Evansville Mayor Lloyd Winnecke appointed him. He contributed to Leadership Evansville’s award-winning VOICE Community Visioning initiative and chaired the City of Evansville’s Clean Evansville anti-litter initiative in 2012. A resident of downtown Evansville, Weir is a 1981 graduate of Indiana University with a bachelor’s degree in Telecommunications and an accredited member of the Public Relations Society of America.About Aurora Inc. Founded in 1988, Aurora leads the way in our community with three decades of experience of ending homelessness.  The Evansville-based non-profit organization began as a coalition of people and organizations addressing homelessness and transformed into an independent agency that strives to prevent and end chronic homelessness through its range of programs, services, and housing.  Aurora impacts more than 1,600 men, women, and children annually and collaborates with over 75 area agencies.  Aurora serves anyone who is homeless, chronically homeless (without a home for longer than 12 months), or at risk of becoming homeless.  Aurora was named the Southwest Indiana Chamber of Commerce Non-Profit of the Year for 2016 and “Organization of the Year” by Leadership Evansville in 2017.  For more information: LinkEmailSharelast_img read more

Ryan Stasik & Joel Cummins To Replace Brownie & Magner For Show With TAUK Members

first_imgLast month, we reported on an official Umphrey’s McGee afterparty with the new supergroup TAUKing Biscuits, featuring Marc Brownstein and Aron Magner of The Disco Biscuits and Electron, and Matt Jalbert and Isaac Teel of TAUK. The show is set for Friday, January 19th, night one of Umphrey’s’ multi-night 20th-anniversary celebration in New York City.A natural evolution from Jalbert and Teel’s TAUKing McGee side project with members of Umphrey’s McGee, TAUKing Biscuits was set to take New York by storm. However, the band has been thrown a huge curveball, with Electron being booked as a last-minute addition on this year’s Jam Cruise (following Gramatik‘s health-related cancelation). This new booking has unfortunately rendered Brownstein and Magner unavailable to keep their commitment to TAUKing Biscuits. Thankfully, the pair moved quickly and arranged for none-other-than Umphrey’s McGee’s Joel Cummins and Ryan Stasik to replace them, meaning that TAUKing Biscuits will now turn into a TAUKing McGee show.Cummins spoke to L4LM about the switch, explaining that he had discussed the last-minute swap in great detail with the Biscuits duo. Apparently, Brownie confided in Cummins that pre-show jitters had a lot to do with his decision to accept Jam Cruise’s offer. Cummins told us that Brownstein had expressed that “the pressure of living up to TAUKing McGee’s high musical bar is just too much for us” and that Magner thought that “a cruise sounds much more relaxing.” Cummins went on to say that Brownstein and Magner simply couldn’t understand “how TAUKing McGee sounds so good after having only played a handful of shows.” The Umphrey’s keyboardist concluded that “Brownie is a hard-working parent as well as a musician, so out of respect for his family’s well-being, we thought it was only right to step up and help him out. In the end, I think karma was telling him that he shouldn’t try to steal his best friend’s late-night band…”Wyllys Taps TAB, Dopapod, & Snarky Puppy Members For Umphrey’s McGee AfterpartyWhen asked his thoughts on the matter, Ryan Stasik replied: “I plead the fifth.”TAUKing McGee first formed back in 2015 with a late-night show following Umphrey’s McGee’s second night of their three-night run at the Beacon theater. While that night saw a huge snow storm overtake New York City, TAUK and their friends from Umphrey’s McGee nearly burned the house down with a raging set to a near-capacity audience. Check out this scorching video of them covering “Cirrus” by Bonobo from that show below.In other news, due to a production issue at B.B. King Blues Club & Grill, this Tauking McGee show will now take place at the Highline Ballroom, located at 413 W. 16th Street. All tickets from TAUKing Biscuits will be valid at TAUKing McGee. See below for full details on this show, as well as the new poster art, once again designed by Jimmy Rector.– SHOW INFO –Show: Live For Live Music Presents: An Official Umphrey’s McGee After-Party with Tauking Biscuits feat. Joel Cummins (Umphrey’s McGee), Ryan Stasik (Umphrey’s McGee), Matt Jalbert (Tauk), & Isaac Teel (Tauk)When: Friday, January 19th, 2018Venue: Highline Ballroom –431 W 16th St, New York, NY 10011Doors: 12:00 PM / Show: 1:30 AMTickets: $23.00 adv / $25 dos / $55 VIP — (Purchase tickets here)(Any previously purchased tickets are now eligible for a refund at point of purchase)last_img read more

The Revivalists Release “All My Friends” From Red Rocks [Pro-Shot Video]

first_imgToday, The Revivalists have released pro-shot video of their recently-released hit single, “All My Friends”, from their upcoming studio album, Take Good Care, due out on November 9th via Loma Vista Recordings. Back in September, during the group’s sold-out show at the iconic Red Rocks Amphitheatre, the New Orleans-based band announced the new album from the stage.Last month, the band stopped by The Late Show with Stephen Colbert to perform “All My Friends”, which has already hit “#1 at Triple A Radio” and “Top 10 and climbing at Alternative Radio”. Now, you can watch pro-shot video of the Red Rocks performance, which served as the official announcement to follow-up to 2015’s Men Amongst Mountains.The Revivalists – “All My Friends” [Pro-Shot][Video: The Revivalists]As noted in a press release,Marked by songwriting that is both intensely personal and also an escape, Take Good Care is brimming with sonic complexity, celebration, and catharsis. Sometimes raising more questions than answers, it is a reflection of the up-and-down journey of life that we’re all on together. For the first time, The Revivalists recorded and co-wrote with multiple producers and writers, enlisting the talents of Dave Cobb [Sturgill Simpson, Chris Stapleton], Andrew Dawson [Kanye West, Fun., Sleigh Bells], and Dave Bassett [Elle King, Vance Joy] for sessions in New Orleans as well as Nashville, where they recorded at the iconic RCA Studio B, soaking up the aura of one of the most storied studios in music.The Revivalists’ upcoming 14-track LP, Take Good Care, is currently available for pre-order, in addition to instant downloads of hit single “All My Friends” and fan-favorite live staple “You And I”. For more information about Take Good Care or for a list of upcoming dates and ticketing links including The Revivalists’ 12/31 show at Mardi Gras World with Tank and the Bangas, head to the band’s website here.last_img read more

Two SEAS faculty win prestigious NSF CAREER Awards

first_imgTwo members of the SEAS faculty recently received the Faculty Early Career Development (CAREER) Award from the National Science Foundation (NSF). The honor is considered one of the most prestigious for up-and-coming researchers in science and engineering.Stephen Chong, assistant professor of computer scienceChong will use the $86,000 grant to develop new methods of enforcing fine-grained, application-specific security guarantees through programming language–based techniques.His research aims to provide new mechanisms for writing trustworthy programs while taking into account complex security requirements such as release of information, production of audit logs, availability, and anonymity. He specializes in the use of type systems, dataflow analyses, and runtime mechanisms to create practical, expressive, language-based security guarantees.Chong received a B.A. in mathematics and science and a B.Sc. (Hons) in computer science from Victoria University of Wellington (New Zealand), and a Ph.D. in computer science from Cornell University.Prior to completing his doctoral work at Cornell, he was an associate of RHE and Associates, in Sydney, Australia, working in financial services, and a consultant at Accenture (formerly Andersen Consulting) in Wellington, New Zealand, working in government.His previous awards include a Best Paper Award, ACM Symposium on Operating Systems Principles, 2007; and a Lockheed Martin Fellowship, 2001.Sharad Ramanathan, assistant professor of applied physics at SEAS and of molecular and cellular biology in the FAS Center for Systems Biology and Department of Molecular and Cellular BiologyRamanathan is using his $160,000 grant to support research that explores how neural circuits in the model organism Caenorhabditis elegans control the nematode’s locomotory decisions.His biophysics lab studies signal processing in a number of organisms, including the yeast Saccharomyces cerevisiae and mammalian cells, in order to understand how the cells interpret environmental cues to make developmental or behavioral decisions. He has also developed new microfluidic and optical techniques to enable the work.Ramanathan holds an M.Sc. in chemistry from the Indian Institute of Technology in Kanpur, India, and he received his A.M. in physics and Ph.D. in chemical physics from Harvard University. Ramanathan joined the Harvard faculty in 2000 and has also served as a technical staff member at Bell Laboratories at Alcatel-Lucent.last_img read more

Embrace Silos for Faster Insights with PowerEdge and OpenManage

first_imgImagine being excited for a new product and ordering it online for in-store pickup. Surprisingly, the self-pickup kiosk does not have your order ready and you are told to return later. Instead, you go to a competitor.Businesses often lose a competitive edge because of the frustration caused by disconnected data and IT silos. Today, technology innovation across your organization is integral to how you deliver value. According to IDC, by 2023, 50%¹ of GDP will be generated by products and services from digitally transformed enterprises. Digital transformation is not just about investing in new technologies but integrating the technology into operation and tools.The latest announcements from PowerEdge and OpenManage are designed to help your business unleash innovation by delivering a connected experience, rapid enablement and continuous refinement.  Connected experience leads to efficient operationsAccording to IDC, only 10% of data is tagged.² In other words, 90% of data is wasted.The PowerEdge XE7100 server is designed to help organizations embrace data silos and bridge the collaboration gap with a data pipeline that pairs data flow efficiency with leading storage density – support 100 internal hard drives in a standard rack depth 5U server.³ PowerEdge XE7100 has an optimized compute and internal storage ratio to minimize latency and silos. Run data intensive applications with the option of one or two server sleds and a variety of accelerators. It can enhance collaboration and information flow between departments such as supply chain, finance and stores to improve customer satisfaction with accurate order information. – That self-pickup kiosk would have your order ready when you get there. Play VideoPlayMuteCurrent Time 0:00/Duration Time 2:12Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -2:12 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsen (Main), selectedAudio TrackFullscreenThis is a modal window.Caption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Rapid enablement to address business requirements intelligently To win in the digital transformation era, your infrastructure needs to expand seamlessly to address business requirements rapidly. Back to the example we mentioned above, if the new pickup technology was enabled intelligently and had the ability to scale with demand, the customer experience would have been seamless.The Dell EMC OpenManage Systems Management portfolio enables rapid deployment and intelligent server lifecycle automation. When your infrastructure is dynamic, IT becomes an enabler of rapid innovation.Minimize IT burdens with intelligent tools that are adaptive to your environment spanning from edge to hybrid cloud:OpenManage Integration for VMware vCenter update hypervisor and firmware in an 8-node PowerEdge cluster in less than 4 minutes4.OpenManage Enterprise scale rapidly and monitor up to 8,000 PowerEdge servers and 3rd party devices remotely.New servers can be discovered in OpenManage Enterprise without an IP scan in less than 60 seconds.5The OpenManage FlexSelect pluggable architecture enables native integration and provides ultimate flexibility to reduce the learning curve:On the OpenManage Enterprise console, you can flexibly enable needed functionalities as plugins from Power Manager, SupportAssist and Update Manager.6For ServiceNow users, the OpenManage Integration with ServiceNow reduces IT silos by connecting server management to the broader operation needs from the ServiceNow console.center_img Continuous refinement for a path to build agile business and infrastructure Hidden data is your secret weapon. Uncover the insights to make your infrastructure and business more responsive and agile.PowerEdge XE7100 can store and process more data to refine your business, so you can respond rapidly to competitive changes in the marketplace. More data means you can improve accuracy to unleash powerful insight-driven innovation that matches your target customer needs.Your infrastructure also has insights – iDRAC9 streams over 180 server telemetry metrics for proactive monitoring. By analyzing and visualizing the data, customers can uncover hidden insights between seemingly unrelated events for predictive management. Proactively fine tune your infrastructure by identifying performance bottlenecks which helps you minimize potential downtime. One of the use cases is to improve data center security – monitoring unusual user login activity or physical intrusion events on your servers, so you can take action rapidly.See us virtually at the Dell Technologies World experience on October 21st and 22nd. Join us to discuss how the PowerEdge XE7100 can help you embrace data silos and how to leverage streaming data from iDRAC9 to gain deep datacenter insights. You can also learn more about the latest OpenManage capabilities at the Master Class webinar.¹ IDC The Future of Digital Innovation, DOC #US45720719 , January 2020² IDC What Do You Really Know About Your Data?, DOC #DR2020_T5_MM , March 2020​³ Based on Dell analysis, April 2020, The industry’s first standard rack depth 5U Server with support for 100 internal hard drives. AD# G20000114​4 New VMware vSphere 7.0 features reduced the time and complexity of routine update and hardware compliance tasks, Principled Technologies report, August 20205 Boost data center staff productivity with OpenManage Enterprise, Principled Technologies report, AD# # G200000656 OpenManage Enterprise Update Manager target available in Q4, 2020last_img read more

Festival highlights culture

first_imgPerformers showcased weeks of preparation Friday during the Chinese program’s fourth Mid-Autumn Festival Celebration, which featured song performances, dance performances and story-telling in the student lounge in the Coleman-Morse Center. Students taking Chinese, international students from China and students interested in the Chinese culture attended the celebration. The Chinese program, part of Notre Dame’s Department of East Asian Languages and Culture, has hosted the Mid-Autumn Festival Celebration in 2008, 2009 and 2010 but was not able to plan for it during the years 2011 and 2012. Chinese associate teaching professor Chengxu Yin said the event was a “great success” with “overwhelmingly positive” student feedback in the past. “There are two primary goals in organizing this event. First, we take advantage of this opportunity to introduce an important Chinese cultural tradition to our language students [as] we present the history of the Mid-Autumn Festival to our students,” Yin said. “As part of the celebration, we give our students the opportunity to taste moon cakes. Students give some performances in Chinese, thereby combining learning with entertainment.” “Our second goal is to provide students with an opportunity to get to know each other and all the Chinese faculty and to build a larger learning community early on in the academic year.” In an interview conducted in Chinese, assistant professional specialist Congcong Ma said the event succeeded in its goal of fostering student-teacher relationships.   “The event encouraged student to voluntarily showcase their acts and it allowed teachers to discover their students’ talents,” Ma said. “[The event also] publicized the Chinese program, offered the students a learning platform for Chinese culture and increased students’ focus, therefore inspiring eagerness to learn.” The celebration included dance performances, including a Tibetan Dance of “Love Song of Kangding” performed by visiting guest lecturers Xiaosha Wei and Yuan Xiao and visiting assistant professional specialist Wei Wang. Chinese literature associate professor Liangyan Ge told the audience the legend of the Mid-Autumn Festival, and every participant drew a numbered slip to enter the raffle for a chance to win a prize. Food was served at the end of the celebration, including moon cakes which are traditionally part of the Festival. “The most successful part of the celebration was the ‘edutainment’ (educational entertainment), allowing the students to understand Chinese culture and learn facts in a fun environment,” Ma said. “Next year’s celebration will most likely have a change in venue [since] the lounge in the Coleman-Morse [Center] was a little too small and students in the very back could not hear clearly. At the same time, we look to increase the variety of performances.” Sophomore Christopher Rhyne, a psychology and Chinese major, said he would attend the event again if they held it next year. “The shows and the games were all nice to watch and fun,” Rhyne said. “However, I wish the host spoke a little louder [because] it was hard to hear. I also wished they had more seating.” Senior Chinese and political science major and poverty studies minor Dominic Romeo said he was impressed by the commitment of those involved with the event.  “The willingness of everybody involved to give up their Friday evenings to celebrate this event speaks volumes about the uniqueness of the Notre Dame Chinese [program] and the enthusiasm of its students,” Romeo said. Chinese Program coordinator and associate professor, Yongping Zhu said he appreciates the support from the Office for Undergraduate Studies, the College of Arts and Letters.sthe Institute for Asia and Asian Studies, the Kellogg Institute for International Studies and the Center for thf Study of Languages and Culture. “I also appreciate my colleagues, other Chinese instructors and some students for their great efforts for this event,” Zhu said. “They have done a lot for the event.” Contact Wei Lin at [email protected]last_img read more

US Government Donates Modern Medical Isolation Units to Transfer COVID Patients

first_imgBy U.S. Embassy in Peru August 12, 2020 On July 27, the U.S. government delivered two state-of-the-art medical isolation units for patient transfer to the Peruvian National Police. The modern units are especially important to save lives amid the COVID-19 pandemic.The medical isolation and transport unit, known as EpiShuttles, guarantees utmost biosecurity to provide assistance and treatment when transferring COVID-19 patients. The donation of these units, in addition to personnel training for proper handling, is worth $235,000.During the handover ceremony, Denison Offutt, chargé d’Affaires at the U.S. Embassy in Peru, stressed that U.S. help to Peru amid the COVID-19 pandemic has reached $20 million so far, and included 250 modern ventilators that were recently donated to Peru to distribute in different regions of the country.last_img read more

Separating the constitutional wheat from the chaff

first_imgSeparating the constitutional wheat from the chaff November 15, 2005 Senior Editor Regular News Separating the constitutional wheat from the chaff Legislators plan to look at the state’s governing document with an eye toward removing the extraneous Gary Blankenship Senior Editor Florida lawmakers appeared headed toward a serious effort to streamline the state constitution. The respective judiciary committees of the House and Senate met October 19 to begin the task of separating what they see as the constitutional wheat from the chaff. The review is an oft-expressed goal of Senate Judiciary Chair Daniel Webster, R-Winter Garden, and he and House Judiciary Committee Chair David Simmons, R-Altamonte Springs, expressed determination to accomplish the task this year. “We’re going to undertake the revision process with Sen. Webster and the Judiciary Committee in the Senate,” Simmons said. He noted members had been given examples of other state charters as well as a “model” constitution. He asked committee members to compare those documents which had been provided “so we will be able to give it time and attention.” Simmons also anticipated that there would be a meeting of the Senate and House judiciary committees at some point to jointly work out issues. The committee was given information that since the new state constitution was adopted in 1968 — and the rewriting of Art. V on the judiciary was approved in 1972 — 136 amendments had been proposed, and 102 had been approved by voters. That includes 71 amendments placed on the ballot by the legislature, 21 by citizen initiatives, two from the constitutionally mandated Tax and Budget Commission, and eight from the constitutionally mandated Constitution Revision Commission. Of the 31 voter-rejected amendments, 20 were turned down by voters in the 1970s, with amendments since 1980 having a much greater chance of success. (Three amendments were tossed out by the Supreme Court for various infirmities.) At the Senate meeting, Webster reiterated his pledge from last year that he does not want to rewrite or drastically change basic rights or the structure of government in the constitution, but merely to streamline it because of the addition of so many amendments. The process, as outlined, would have the committee review the basic constitution as passed in 1968 (and Art. V in 1972). All subsequent amendments would be filtered for appropriateness. The committee would prepare further amendments striking those that are found unsuitable, and the legislature would then enact legislation making those changes statutory. “Are we adding to the constitution? The answer is no,” Webster said. “In the future, I wish we would have a little purity in what we offer up as amendments to the people.” Sen. Skip Campbell, D-Tamarac, noted that while some people might consider certain provisions of the constitution as extraneous or unnecessary, they are in the document because voters wanted them there. The Florida Bar has not taken a legislative position on the streamlining effort of the constitution. However, last year in a position that remains in effect, the Bar Board of Governors did support constitutional changes that would limit the types of amendments that could be made to the state’s basic charter. That positions says that the Bar: “Supports the concept of having the Florida Legislature enact a joint resolution to place on the ballot a provision that amendments or revisions by initiative must: amend or repeal an existing section of this constitution on the same subject and matter; address a basic or fundamental right of a citizen of this state; or change the basic structure of state government as established in Article II, Article III, Article IV, or Article V of this constitution.”last_img read more

CFPB presses banks to offer ‘small-dollar loans’

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Consumer Financial Protection Bureau, preparing to roll out rules aimed at reining in high-interest payday loans, is jawboning banks and credit unions to provide better alternatives for borrowers in need of small, short-term loans.Richard Cordray, director of the watchdog agency, said it is discussing ways to make it easier for banks and credit unions to offer “small-dollar” loans. The step could put the agency on a collision course with banking regulators, who have discouraged traditional banks from offering such loans. It could also fuel opposition from the $38.5 billion payday-lending industry, which fears the new rule would wipe out much of its business.“I personally believe banks and credit unions can be low-cost providers of small-dollar loans,” Cordray told The Wall Street Journal. “I think that working with banks and regulators involved, there would and should be an ability for them to offer decent products.”Cordray didn’t offer specifics about the rule, but said banks could offer small-dollar loans as “rescue products” for their customers. Under a draft of the rule released last March, lenders would be required to verify the borrowers’ ability to pay back the loans, limit the number of loans borrowers could take out and require the lenders to offer affordable repayment options. continue reading »last_img read more