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DFPI initiates investigation of debt relief companies for student loans and takes action against Optima Advocates Orange County Breeze

The California Department of Financial Protection and Innovation (DFPI) today launched an investigation into whether student loan companies operating in California engage in illegal conduct under the new California Consumer Financial Protection Law (CCFPL) and Student Loan Servicing Act (SLSA). The DFPI also issued a formal action against such a company, Optima Advocates, Inc., which took money from struggling student loan lenders while falsely claiming that the company could have the student loan fired. "Student loan lenders seeking help with repayment deserve protection against fraudulent debt relief fraud," said DFPI Commissioner Manuel P. Alvarez. "This action holds Optima Advocates responsible…

Banks lowered deposit rates to eight years

Capital markets Banks lowered deposit rates to eight years Tuesday, February 23, 2021 Central Bank of Kenya. FILFOTO | NMG By TIMOTHY ODINGAMore by this authorSummary The interest rate on fixed deposits fell to an eight-year level on the bankers' reduced appetite for savings after a decline in the demand for loans.The Central Bank of Kenya (CBK) shows that the deposit rate fell to 6.3 percent in December last year, from 7.1 percent in December 2019.This is the lowest level since February 2013. The interest rate on fixed deposits fell to an eight-year level on the bankers' reduced appetite for…

The city of Texas was forced to shut off water due to a winter storm

More than 4.4 million customers are without power in Texas.16 February 2021, 06:19• 2 min readingShare to FacebookShare to TwitterEmail this articleCity officials in Abilene, Texas, announced Monday night that all of the city's water services had been shut down due to historic winter storm and cold.The city's water services were shut down at 7 pm local time "as a result of power outages from both power sources at all three [the] water treatment plants, "the city said in one statement.Officials said they do not know when electricity and water will be turned on again.When the water is restored, the…

Winter Storm Orlena will hammer the Midwest, including Chicago, this weekend, then become a Nor’easter | The Weather Channel – Articles from The Weather Channel

The latest winter storm begins its siege in the Midwest this weekend.There will then be a northeasterly snowstorm that begins on Sunday.Strong winds and coastal floods are also possible in the northeast.Winter Storm Orlena will hit parts of the Midwest, including Chicago, this weekend and then develop into a nor'easter with heavy snow possible in Boston, New York, Philadelphia and Washington, DCThe latest during the latest winter storm parade has already turned out feet with snow in the California Sierra and other parts of the West and now has a second chapter in store for tens of millions in the…

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