Category: Montana Lending


Do Utahans Use Mental Health Prescriptions?

January 14, 2022

Montana Lending

Comments Off on Do Utahans Use Mental Health Prescriptions?


The number of people taking prescription drugs for mental health in Utah has increased by 8% since January 2021, according to a new report.

The news: A new report from Quote Wizard by Loan Tree found that the pandemic fueled the increase in mental health prescriptions nationwide.

  • Overall, 28 states saw a 10-50% increase in the number of people taking mental health medications in 2021.

Most: Arkansas, New Mexico and New York have seen the largest increases in the number of people taking mental health medication.

The least: Montana, Nevada and Hawaii have seen the largest declines in the number of people taking these drugs.

Utah Numbers: Utah has seen an 8% increase in the number of people taking prescription drugs for mental health over the past year.

  • In general, about 27% of Utah’s population takes these drugs.

The method: Quote Wizard by Loan Tree discovered these results by analyzing data from the Pulse survey Centers for Disaster Control and Prevention. The data in this report is from January 2021 to October 15, 2021.

Do not forget : Utah, however, is home to one of the best cities for mental health. Salt Lake City ranked second best city in the country for Mental Health, as I reported for the Deseret News.

  • Salt Lake City topped only Denver, Colo., as top cities for community wellness, number of residents with mental health care providers and total prescription costs, among other rankings.

Premier Mortgage Group changes name to Cherry Creek Mortgage

January 12, 2022

Montana Lending

Comments Off on Premier Mortgage Group changes name to Cherry Creek Mortgage


BOULDER, Colo., Jan. 12, 2022 /PRNewswire/ — Cherry Creek Mortgage, the parent company of Premier Mortgage Group (PMG), today announced that PMG is now called Cherry Creek Mortgage. By adopting the brand image of its parent company, PMG will have even greater resources and offer financing in even more states across the country, improving service for its customers and partners.

Premier Mortgage Group has been part of the Cherry Creek Mortgage family of brands since 2006. With the name change, existing and new customers can expect access to the same great service, broad product catalog and local team . Additionally, the Premier community program will continue under the Cherry Creek Mortgage brand, and the team remains committed to investing in local nonprofits to support the community.

“Our number one commitment has always been to our community and the owners we serve,” said Nick Peterson, PMG Regional Manager. “As the PMG name changes, our team’s commitment to creating a premier mortgage experience only grows stronger.”

“Premier Mortgage Group has been a core division of Cherry Creek Mortgage for over 15 years,” said Jeff May, President and CEO of Cherry Creek Mortgage. “We are thrilled that the team brings the same level of exceptional service to their clients under the Cherry Creek Mortgage name.”

Cherry Creek Mortgage is a nationwide, full-service mortgage lender and has been helping homeowners find home financing solutions for over 35 years. The company has helped thousands of homeowners and homebuyers achieve their mortgage goals by providing world-class customer service, personalized expertise, and a broad portfolio of home loan options to meet each customer’s unique needs.

About Cherry Creek Mortgage

Cherry Creek Mortgage, LLC, NMLS #3001 has a 35 year tradition of serving the needs of home buyers across the country. With a reputation built on a passion for responsible lending and a dedication to personal relationships, Cherry Creek Mortgage has helped thousands of clients achieve their goal of home ownership. Cherry Creek Mortgage’s specialized internal processes and proprietary technology deliver a digital mortgage experience with a personal touch. The company is headquartered in Colorado and licensed in 41 states, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin, Wyoming. Learn more about cherrycreekmortgage.com.

Media Contact:

Kim Holiday

[email protected]

303-331-4468

Show original content:https://www.prnewswire.com/news-releases/premier-mortgage-group-changes-name-to-cherry-creek-mortgage-301459770.html

SOURCE Cherry Creek Mortgage

Want to refinance your mortgage? Do These 7 Things Now Smart change: personal finance

January 7, 2022

Montana Lending

Comments Off on Want to refinance your mortgage? Do These 7 Things Now Smart change: personal finance


Leslie Cook

For many homeowners, the low mortgage rates that have prevailed in recent years have presented an opportunity to refinance their home loans. To be able to refinance can be a great tool to reset your finances. This means you can lower your interest rate and monthly mortgage payments, allowing you to take the money you save and apply it to other goals.

Rates tend to rise so far this new year, but millions of people could still save enough that a refinance is worth it. If you haven’t refinanced in a few years, chances are you are one of them.

According to mortgage data firm Black Knight, more than 9 million homeowners could cut their interest rates by at least 0.75 percentage point by refinancing at current mortgage rates. These same owners could save an average of $ 276 per month. About 1 million homeowners could save up to $ 500 per month. Many experts claim that a reduction in interest rates of between 0.50 and 1% makes mortgage refinancing profitable.

People also read …

Keep in mind that a refi takes time. Average closing time in September, the latest available data was 43 days, according to ICE Mortgage Technology. If you are considering mortgage refinancing, the following steps can help you prepare for the process and get started.

Save money on your mortgage by setting yourself a lower interest rate.

You may be able to reduce your payments by using lower interest rates. Click on your state to find out how.

1. Set a refinancing goal

Most homeowners refinance in order to get a lower interest rate and therefore lower their monthly payments. However, this is not the only reason to refinance.

Different types of loans offer different benefits.

You may want to switch from a variable rate mortgage to a fixed rate mortgage to secure a permanently lower rate. You may want to switch from a 30-year loan to a 15-year loan to pay off your mortgage faster. If you have enough equity, you could also save on mortgage loan insurance by going from a mortgage loan FHA loan to a conventional mortgage.

Perhaps you’ve recently been faced with large medical bills, unscheduled home repairs, or other expenses that are weighing you down financially. If you have built up enough equity in your home, a withdrawal refi will not only allow you to refinance your loan, but also withdraw additional cash.

Knowing what you want to accomplish with a refi will help you determine the type of mortgage product you need. Consider all of the options to see which one works best for you.

2. Check the equity in your home

You could qualify for a conventional refi loan with as little as 5% of your home equity, depending on Find out about mortgage loans. However, most lenders prefer that you have at least 20% equity.

If you have more equity in your home, you may be eligible for a lower interest rate and fees, as lenders will view borrowers with higher equity as a lower risk. More equity also means that you are less likely to owe more than the home’s value if home prices go down.

To get an estimate of your home’s equity, subtract your current mortgage balance from your home’s current market value. The result will be the equity in your home. Contact a knowledgeable local real estate agent to get an idea of ​​your home’s value. Zillow’s home price estimate can also be a rough starting point.

You should also prepare your home for a formal appraisal, which will be part of the refinancing application process. Have documentation on hand about the improvements you have made to the home. (For example, did you add a bathroom or replace an old roof?) It won’t hurt to clean and organize your home for refurbishment.

If your income has taken a hit, a home equity loan can offer less expensive help.

Using a home equity line of credit can help you if you need it. Click below to find out more.

3. Check your credit score and credit report

Before making any loan decision, it is important to check your credit rating as well as your credit report.

Your credit score will largely determine the interest rate a lender will offer. The higher your score, the lower the rate you qualify for and the lower your monthly payments will be. If you have a low score, look for ways to improve your credit score well before you apply for a loan.

Your credit report shows the information on which your score is based. This is where you can check for any errors that can negatively affect your credit score. If you find any errors in your report, you can contact the credit bureaus to have these items removed. Be prepared to provide documents proving the error.

As part of the consumer protections put in place by the CARES Act, you can get a free weekly credit report from one of the major reporting bureaus until April 2022. (As a rule, you are entitled to a free report from each credit reporting company per year.)

You should also be aware of the factors that could temporarily adversely affect your credit score. Applying for a credit card, personal loan, or car loan right before, at the same time, or right after the refi application will lower your score, even temporarily.

Your credit reports and your credit scores play an important role in your future financial opportunities.

Identifying and responding to any potentially fraudulent activity can mitigate the damage to your credit. Click Below To Get A Copy Of Your Credit Today!

Get a copy of your credit report today

4. Do the math to see if refinancing will pay off

Before asking for a refi, make sure you understand the costs associated with a new loan. The closing costs for refinancing are usually between 2% and 5% of the total loan amount. For a refi to make sense, you need to be able to recoup those closing costs, as well as save money in the long run.

To determine if it’s worth it, you’ll need to calculate your breakeven point. This is the time it will take for the savings on the new loan to exceed its cost. You can calculate the breakeven point by dividing the loan closing costs by the amount you save each month.

For example, if your closing costs are $ 5,000 and your monthly savings are $ 100, your breakeven point would be 50 months or about four years. In this case, refinancing probably makes sense if you plan to live in your home for more than four years.

An easy way to determine if a refi is right for you is to use a mortgage refinance calculator.

5. Put your mortgage papers in order

You need a lot of documents proving that you are ready to refinance.

The documents you should have on hand include your last pay stubs, the last two years of W-2, information on your current home loan, as well as information on property taxes and home insurance.

If you are self-employed or have a non-traditional job, have two years of bank statements. You may also need an income statement from your bank, past two years 1099 forms, and customer invoices as proof of income.

A lender may have additional documentation requirements depending on their initial assessment of your finances. Once you’ve chosen a lender, find out about all the other requirements so that you can get them together in advance. This will make the application process much smoother.

6. Find a mortgage lender

Don’t settle for the first interest rate offered to you. You need to compare the rates and terms of at least three refinance lenders to see which one offers the best plan for your needs.

You should also consider different types of lenders. Compare rates from major banks as well as online lenders and local credit unions. If you have a long-standing relationship with a financial institution that also offers home refinancing, check with them as well. You may be able to negotiate a better rate if you already have other financial transactions with the lender, but not always. Do not assume your current lender offers you the best deal.

Lock in a lower interest rate by refinancing your mortgage

For borrowers with a solid credit history, refinancing can be a good way to get a lower interest rate. Click below for a free quote.

7. Block your rate

Once you’ve found a lender who offers the best terms and rate for you, set your interest rate. A rate lock-in will ideally ensure that your interest rate does not rise until the close.

However, rate freezes are usually done for periods of 15 to 60 days. With lenders taking a while to close these days, you may want to go for a longer foreclosure. While some lenders may not charge a rate freeze, others will. The rate blocking fee can vary between 0.25% and 0.50% of the total loan amount. If your loan does not end on time, extending the lock-up period may result in additional charges.

The key with a rate foreclosure is timing. Check with your lender to find out how long it typically takes them to close, then lock in the rate for that length of time.

More money :

7 best mortgage refinancing companies

Is Now a Good Time to Refinance Your Mortgage?

© Copyright 2021 Advertising Practitioners, LLC. All rights reserved.

This article originally appeared on Money.com and may contain affiliate links for which Money receives compensation. The views expressed in this article are those of the author alone, not those of any third party, and have not been reviewed, endorsed or endorsed in any way. Offers may be subject to change without notice. For more information read Money disclaimer.

Lender was scammed for charging 700% interest rate

January 6, 2022

Montana Lending

Comments Off on Lender was scammed for charging 700% interest rate


By Katryna Perera (Jan. 6, 2022, 3:25 p.m. EST) – A Native American tribal-owned loan company was hit with a proposed class action lawsuit in a New Jersey federal court on Wednesday for claiming the company was charging interest rates. exorbitant interest of up to 699.99% on loans as low as $ 500.

Two New Jersey residents, Mary Haremza and Jacob Murray, sued Aaniiih Nakoda Finance LLC, which operates as Bright Lending and is owned by the Fort Belknap Indian community of Montana’s Fort Belknap reservation, according to the complaint. .

The plaintiffs allege that the online lender is engaged in usury – the practice of loaning money at an unreasonable amount …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS


Source link

stars celebrating milestones in 2022

January 4, 2022

Montana Lending

Comments Off on stars celebrating milestones in 2022


As fireworks and celebrations around the world ushered in one year and welcomed the next, they also heralded the arrival of a milestone anniversary for many celebrities.

As these athletes, singers and actors all prepare to say goodbye to one decade and embark on the next, we are rounding off birthdays.

The stars will be 21 in 2022

Billie Eilish

Date of Birth: December 18, 2001

Award-winning singer Billie Eilish, who became the youngest person to win a Grammy in 2020 and previously recorded the title track to a James Bond film, will celebrate her 21st birthday on December 18.

Kaia gerber

Date of Birth: September 3, 2001

The daughter of one of the original “supermodels”, Cindy Crawford, Gerber made her runway debut at just 16, marching for Raf Simon’s Calvin Klein collection. Since then, she has appeared on the catwalks of most of the major fashion brands.

Caleb McLaughlin

Date of Birth: October 13, 2001

Best known for playing Lucas Sinclair in the Netflix series Strange things, he won a Screen Actors Guild Award for his outstanding performance with the rest of the cast.

Rowan Blanchard

Date of Birth: October 14, 2001

Actress and activist, Blanchard protests over issues of gun violence, human rights and feminism, and has addressed UN Women and the US National Committee, campaigning for feminist rights.

The stars will be 30 years old in 2022

Neymar

Date of Birth: February 5, 1992

Neymar Jr, widely regarded as one of the best soccer players in the world, and who plays for Paris Saint-Germain and the Brazilian international team, turns 30 on February 5.

Taylor lautner

Date of Birth: February 11, 1992

Best known for playing shape-shifter Jacob Black in The Twilight Saga series of films, he will turn 30 on February 11.

Selena Gomez

Date of Birth: July 22, 1992

Selena Gomez, the third most followed woman on Instagram and Come and get it singer, will celebrate her 30th birthday this summer.

Demi Lovato

Date of Birth: Aug 20, 1992

Another former Disney student famous for turning 30 this year is Demi Lovato. The performer, who starred in the children’s television series Barney and his friends and Camp rock, is now best known for his singing and turns 30 on August 20.

Nick jonas

Date of Birth: September 16, 1992

Jonas Brother, Lovato’s companion Camp rock Priyanka Chopra star and husband Nick Jonas will be blowing out candles on September 16.

Cara Delevingne

Date of Birth: Aug 12, 1992

Model, actress and youngest of the Delevingne sisters, Cara Delevingne will be 30 years old on August 12.

Cardi B

Date of Birth: October 11, 1992

Cardi B, who in 2018 became the first woman to win the Grammy Award for Best Rap Album as a Solo Artist, and who won eight Billboard Music Awards, five Guinness World Records and six American Music Awards, and was Streamed over a billion times on Spotify, turns big 3-0 on October 11.

Miley Cyrus

Date of Birth: 23 November 1992

Like Lovato, Gomez and Jonas, Miley Cyrus rose through the ranks at Disney Care of Hannah montana, and looks like she’s been famous forever. The singer, who has largely turned her back on comedy, will celebrate her 30th birthday in November.

The stars will be 40 years old in 2022

Seth rogen

Date of Birth: April 15, 1982

Joseph Gordon-Levitt and Seth Rogan in 50/50.  2011. CREDIT: Summit Entertainment

A favorite of Judd Apatow, the Canadian comedian broke into Freaks and Geeks, and continued to play in Presenter: The Legend of Ron Burgundy, Superbad, Drillbit Taylor and Knocked Up with the director, producer and comedy writer.

Jessica bienne

Date of Birth: March 3, 1982

The actress who starred alongside Edward Norton in The illusionist, and more recently in Netflix hit The fisherman, is married to singer Justin Timberlake. The couple have two sons, Silas and Phineas Timberlake.

Kirsten dunst

Date of Birth: April 30, 1982

Dunst first appeared in the film Interview with the vampire: the chronicles of the vampire aged just 12, before playing the role of Mary Jane in the first Spider Man movie theater. She has worked twice with director Sofia Coppola, notably in The suicide virgins and Marie Antoinette.

Anne Hathaway

Date of Birth: November 12, 1982

After playing the role of the long-suffering wizard in The devil wears Prada with Meryl Streep, Hathaway then sang The betsrables, a role that won her the Oscar for Best Supporting Actress.

The stars will be 50 years old in 2022

Eminem

Date of Birth: October 17, 1972

The perpetually baby-faced rapper, and 8 miles The star, Eminem, real name Marshall Bruce Mathers III, turns 50 on October 17.

Shaquille O’neal

Date of Birth: March 6, 1972

Standing 2.16 meters tall, the former NBA pro is known simply as “Shaq”, and will be celebrating his 50th birthday this year.

Dwayne The Rock Johnson

Date of Birth: May 2, 1972

Highest-paid actor in the world in 2020, the wrestler-turned-action star appeared in Alert in Malibu, Jumanji reboots and many Fast Furious movies, as well as voicing the character of Maui in the animated film Moana.

Sofia vergara

Date of Birth: July 10, 1972

The Colombian-American actress is best known for playing Gloria on the TV sitcom Modern family, and for having been a judge on the America has talent.

Cameron diaz

Date of Birth: August 30, 1972

After starting out as a model, Dias appeared alongside Jim Carrey in the 1994 film. The mask, however, she is probably best known for There is something about Marie, Being John Malkovich and Charlie’s Angels.

Idris elbe

Date of Birth: September 6, 1972

Once named as the next James Bond, Elba played Stringer Bell in the HBO series Thread, DCI John Luther in the BBC One series Lutheran, and Nelson Mandela in the biographical film Mandela: Long march to freedom.

Gwyneth Paltrow

Date of Birth: September 27, 1972

The star of Se7en, Shakespeare in love (for which she won the Oscar for Best Actress) and founder of lifestyle site Goop, Paltrow will be celebrating her 50th birthday this year.

Ben affleck

Date of Birth: Aug 15, 1972

Affleck won the Oscar for Best Original Screenplay in 1997 for Goodwill hunting, a movie he wrote with his childhood friend Matt Damon. Since then he has starred in Armageddon and Pearl Harbor, but is now in the news for his relationship with Jennifer Lopez.

Jennifer garner

Date of Birth: April 17, 1972

Like her ex-husband Affleck, Garner turns 50 this year. The acclaimed 13 In progress 30, A.k.a and Dallas Buyers Club The actress is the mother of three children, Violet, Seraphina and Samuel.

Jude law

Date of Birth: December 29, 1972

British actor Jude Law, who plays a young Albus Dumbledore in the Fantastic beasts franchise, will be 50 years old at the end of this year. Law is the father of six children; three with actress Sadie Frost’s ex-wife Rafferty, 25, Iris, 21, and Rudy, 19; Sophia, 12, with American model Samantha Burke; 6-year-old Ada with British singer Catherine Harding; and a baby, aged 1, with his current wife, Phillipa Coan.

The stars will turn 60 in 2022

Jim carrey

Date of Birth: January 17, 1962

Star of The mask, Man on the moon, The Truman Show and Eternal Sunshine of the Spotless Mind celebrate their 60th birthday on January 17th. Carrey is already a grandfather, he became so at 48 when his daughter Jane Carrey had a son in 2010.

Tom cruise

Date of Birth: July 3, 1962

Star of Top Gun, Rain man, Born July 4, and Jerry maguire, Cruise is famous for doing his own stunts, as in the Impossible mission franchise, for which he was suspended outside the Burj Khalifa.

Michelle yeoh

Date of Birth: August 6, 1962

Michelle Yeoh arrives at the 25th Annual Screen Actors Guild Awards at the Shrine Auditorium & Expo Hall on Sunday, January 27, 2019 in Los Angeles.  (Photo by Willy Sanjuan / Invision / AP)

A former Miss Malaysia contest winner, Yeoh rose to prominence in Hong Kong action films in the 1990s, where she performed all of her own stunts. She found international fame for the 2000 film Crouching Tiger Hidden Dragon, will appear in Memoirs of a geisha, and lending his voice to Kung Fu Panda 2.

Steve carell

Date of Birth: Aug 16, 1962

Star of the American version of Office, Carell also appeared in Presenter: The Legend of Ron Bourgogne (2004), and Little Miss Sun (2006), and Crazy, stupid, love (2011). Carell is also the voice of Gru, the supervillain of animated films. Despicable Me and Minions.

Demi Moore

Date of Birth: November 11, 1962

A member of the so-called Brat Pack in the 1980s, Moore appeared in St Elmo’s fire before continuing to do Phantom, Indecent Proposal and A few good men.

Jodie foster

Date of Birth: November 19, 1962

Widely regarded as one of the greatest acting talents of his generation, Foster starred in Taxi driver, musical comedy Bugsy Malone, The Accused, The Silence of the Lambs and Panic room, before moving on to directing mainly, including episodes of Orange is the new black, Card castle and Black mirror.

Ralph fiennes

Date of Birth: December 22, 1962

A theater and film actor, Fiennes has won numerous awards for his performance in Shakespeare’s plays and his appearances in films. schindler’s list, The English patient, The constant gardener and The Duchess, while some will know him best as Lord Voldemort in the Harry potter films and like M in the most recent James Bond films.

Update: Jan 4, 2022 6:43 am


Source link

Tradition Golf Club celebrates its 25th anniversary at La Quinta

January 3, 2022

Montana Lending

Comments Off on Tradition Golf Club celebrates its 25th anniversary at La Quinta


As discreet as this community of 290 residences is, words travel. The club was honored as a Platinum Club of America in 2017. (Only 3 of the 50 recognized clubs are in Southern California.) The past few years have marked its fastest growing seasons. And several months ago, Tradition’s 18th hole graced the fall 2021 cover of The Golfer’s Journal, a nifty quarterly on par with a popular coffee table book.

The winning image – a photo of the sunrise from the 18th green in first light – was captured by Armand “AJ” Barragan, a member in his 30s and professional photographer. The timing of the show coincided with another cause for celebration: he and his wife, Sarah Rose, welcomed their first baby, Justus, who became Tradition’s youngest member.

“The class is so incredibly beautiful that it inspired my interest in photography,” says the new dad. “Now, it’s a full-fledged business and Tradition remains our best backdrop. Barragan and a golf friend founded their Instagram team, @couldbetheday, in 2018. Major manufacturers in the industry including Cleveland Golf, Puma and Srixson have ordered their golf and golf lifestyle snaps. Now they travel across North America, shooting as they play.

Barragan is also the COO of Jay’s Catering, established as an Orange County icon by his grandfather over 50 years ago. (The same one who took him to the wilderness when he was young, creating precious memories he wanted to give to his own child.) Sarah Rose runs several event venues, resplendent in period buildings as the company has restored.

“We looked at all the usual suspects, but fell in love with the quaintness and the historical aspect of Tradition,” he says. “It feels like it’s been here even longer than it has been, and the new refurbishment has improved that feeling perfectly. “

The couple has been a junior member of this “magical place” since 2017, proving that at the heart of it all, club life is accessible, and even a necessary stress reliever at work. Barragan says they fit in perfectly, escaping behind doors every weekend and vacation they can. “As soon as you get there, it feels like you’re on vacation,” he says. “And it doesn’t hurt that I’m obsessed with golf!” “

For this family, the game will be a love for life. “Sarah Rose only plays golf in Tradition, where she takes lessons,” adds Barragan. “She won’t take lessons from me or anyone in Orange County.” Barragan also sees the game in his young son’s future, as soon as he can swing a club.

“My favorite hole is the 12”, he shares fairways named “the most beautiful course in Palm Springs” by Golf magazine. “When you play in the afternoon, the bunker looks like a postcard. Thanks to our photography business, I have played almost all of the local courses now. And, yes, I am biased. But this is the best course in the desert.


Source link

Opinion: Here’s what will happen when payday advances are blocked

January 1, 2022

Montana Lending

Comments Off on Opinion: Here’s what will happen when payday advances are blocked


Opinion: Here’s what will happen when payday advances are blocked

Weekly, theoretically assumes a huge concept in reporting and explores it from a range of perspectives. Recently we are talking about payday loan. Want a primer? Catch up here.

Deyanira Del Rio is co-director of the New Economy project in New York. Andy Morrison is the Campaigns Coordinator at the New Economy task.

Imagine a land without payday loans. Flashing neon signs marketing a? Fast Casha? no longer dot the earth in low income communities and colorful forums, and no loan provider is allowed to draw rates of 400% and above. This is not a far-fetched fairytale or a long-forgotten background. This was the case in the vast majority of the United States until the 1990s, when monetary deregulation along with the removal of usury legislation allowed the payday lending industry to proliferate.

These days, 14 states and the region tend to be predominantly payday loan free, due to strict usury laws and regulations that cap interest rates on finance. It’s really a fringe of the nation we’ve dubbed PaydayFreeLandia representing 90 million Americans, or about a third with people living in the United States. The experience in these various cases denies the idea that usurious short-term debts are an essential evil. In fact, these states have shown that your best way to deal with abusive payday loans should end them for good.

The bet couldn’t seem bigger – certainly to low-income households in reports where payday funding is currently not controlled, but also to the 90 million people who now live in PaydayFreeLandia.

The benefits of residing in PaydayFreeLandia are vast. Through all of our payday credit bans, New Yorkers preserve nearly $ 790 million per year that payday lenders and their ilk would otherwise siphon charges. On all non-payday loan claims, the annual savings reach or exceed $ 3.5 billion – an estimate that does not even take into account the financial overdraft fees offset by payday loans or the resources offset by an abusive collection of. debts, as well as the economic impact of payday loans.

While some assertions payday loans california, like ny, generally prohibited payday advances, remains has temporarily left – following a firm refusal – the payday loan. In 2006, North Carolina became the initial condition for breaking free from payday credit after having previously legalized it. In Arizona and Montana, payday lenders operated for years until voters had the option to kick them all out at the ballot box.

We reject the dangerous misconception that payday credit should be preserved and produced fewer predators. The idea that people somehow want usurious and temporary funding dominates much of the talk about payday loans and is categorically contested by former payday loan consumers themselves, who document that they improve upon their own removal of these loan barriers. Likewise, the U.S. government enacted – then tightened – a 36% nationwide interest limit for military personnel as well as their families after identifying that predatory credit had hurt consumers, and even undermined military readiness.

In New York City, civil rights and fair loan organizations have actually fought back intense attempts by check tellers and others to undermine our own state’s usury laws and open the floodgates to funding on salary.

The Consumer Monetary Defense Bureau was finalizing a long-awaited national directive on payday advances. Even though the CFPB has no legislation setting national usury coverage, it should use its expert to challenge a powerful final rule that stops abusive payroll funding once and for all. At a minimum, the monitoring service should need loan providers to determine if borrowers can afford to repay the financing – with no strings attached or safe havens. This common sense underwriting is even a subject of debate, in 2016 revealing how payday loan providers have distorted our own political discussion.

Lawmakers must also act. It would appear that public coverage would strengthen and expand responsible funding through the development of local banking institutions located in low-income neighborhoods and tone forums to serve as an antidote to predatory funding. Basically, payday loans flourish as most men and women struggle to produce stops. Real wage laws and a number of additional measures are needed to address the underlying factors of financial insecurity and inequality.

These battles have long taken a long time to have generated enormous community information and awaited tireless advocacy from broad-based coalitions – undermining the fuel and information that should be used to design plans and training that advance options. economic and equity.

a weakened CFPB rule would embolden industry players attempting to participate in shows without a payday loan. Without a doubt, Pennsylvania lobbyists have already ripped loopholes in the suggested payday loan rule for dishonestly claiming that your CFPB has given payday financial loans the seal of acceptance.

Given the ubiquity of payday finance showcases in so many places these days, it is definitely worth remembering that this business would in fact not have happened until not long ago. The country’s decades-long experience with payday loans has in fact become a costly problem. You need to reset the clock. Long stay PaydayFreeLandia.



Source link

Bear Paw’s development continues through tough year – Hi-Line Today

December 30, 2021

Montana Lending

Comments Off on Bear Paw’s development continues through tough year – Hi-Line Today


HAVRE, Mont. (NMB) – As this tumultuous 2021 draws to a close, Bear Paw Development Corporation executive director Paul Tuss has said they continue to help local businesses start or stay afloat.

Tuss says they made more business loans in 2021 than any year in the previous two decades.

“We have crossed the $ 3.5 million mark in business. They’re mom and pop businesses, they’re small businesses. So to hit that $ 3.5 million in funding, whether it’s starting a new business or expanding businesses, that’s a lot of activity in a rural area of ​​Montana.

However, Tuss says there are a lot of challenges that need to be overcome, and businesses continue to face hurdles, such as the depletion of many funds providing COVID relief.

“Much of this funding was available to businesses when the pandemic started, and these programs have since disappeared. Some programs are still available to us. And some of the programs that funded Bear Paw will continue. But I think we’ve almost learned to live with this pandemic, horrible as it sounds. So while I know that we will be dealing with the effects of COVID-19 and the pandemic for maybe even years to come, I hope we will obviously continue to have the impact on our main streets that we have. done this year. “

Bear Paw Development serves Hill, Liberty, Blaine, Phillips and Chouteau counties, as well as the Rocky Boy’s and Fort Belknap reserves. You can reach them by phone at 265-9226.

Copyright © New media broadcasters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Source link

Kallevig retires from Stockman Bank; Whiteman appointed president of Sidney Market

December 28, 2021

Montana Lending

Comments Off on Kallevig retires from Stockman Bank; Whiteman appointed president of Sidney Market


After more than 40 years of dedicated service to the community and to Stockman Bank, Garth Kallevig retired on March 31.

Kallevig began working for Stockman Bank in 1981. His early years at the bank included abilities in customer service, real estate, and commercial lending. Kallevig then began his role as President of the Sidney Market in 2006.

A native of Sidney and a longtime resident, Kallevig studied at the University of North Dakota-Williston and Montana State University. He has been active in many community organizations over the years including the Sidney Education Foundation, Chamber of Commerce, Kiwanis, Boy Scouts, and Dollars for Scholars. Kallevig was also president of the Sidney School Board.

In addition to Kallevig’s retirement, Pam Burman, director of consumer loans, and Deana Bauer, administrative assistant, will both be retiring. Burman is originally from eastern Montana and has worked in the banking industry for over 43 years, 20 of them with Stockman. Bauer has been with Stockman for 37 years.

Wade Whiteman, current Vice President, Ag Loan Department Manager, took office as President of Sidney Market on April 1. His new responsibilities as Market President will include overseeing banking operations, employee management and supervision, all lending activities, as well as branch management. at Plentywood.

“I have no doubts that Wade will do a great job with our wonderful staff and team that we have here at Stockman Bank,” comments Kallevig. “With his experience here in Sidney, his background and his leadership skills, he is and will be a valuable asset to our team and the MonDak region for many years to come. Plus, having grown up in eastern Montana, Wade knows and understands the unique way of life and traditions that we enjoy ”

Whiteman, a native of eastern Montana and raised in Richey and a Montana state alumnus, has worked for Stockman Bank since 2010. Whiteman has been actively involved in the community serving the Richland County Conservation District, of the HealthWorks board and the MonDak Ag Days committee.


Source link

New Jersey women among America’s richest women

December 24, 2021

Montana Lending

Comments Off on New Jersey women among America’s richest women


Two of America’s Richest Women Have Strong Connections to the Garden State Each of these women is in the top 5 richest women in the country, and that’s an impressive feather for our state.

The richest woman in America, according to the article by Stacker is Alice Walton, of the Walton family who brought us Walmart, and her net worth is $ 64 billion. Just as a perspective, if she spent $ 10,000 a day, she wouldn’t have any money at the age of 17,600. Wrap your head around it.

So how far down the list do we have to go to get to the first great Garden State connection? In fact, not very far at all. Second place on the list is held by MacKensie Scott, former wife of Jeff Bezos. She graduated from Princeton University in 1992 and is currently No. 2 on the list of richest women in the country, with a net worth of $ 53 billion. She is the 22nd richest person on the planet.

Getty Images for for J / P HRO Gal

Going down the list a bit to # 4, you find Jacqueline Mars, from the famous candy company that has made New Jersey home for many years. She lived in Bedminster from 1986 to 1994 and has a current net worth of $ 31.3 billion.

And Laurene Powell Jobs, wife of the late Apple founder Steve Jobs, also finds herself firmly in the top 10 of this list. She was born and raised in West Milford and is listed in 6th place, with a net worth of $ 18.7 billion.

It’s pretty impressive for these amazing women and for the Garden State. It’s 3 in the top 10. They are strong women who perform well, and we are proud of that. Congratulations!

Join This List Next Year – 25 Ways To Start Saving Money Today

These tips for saving money, whether it’s finding discounts or just changing your day-to-day habits, can come in handy whether you have a specific savings goal or want to save money. money set aside for retirement or just want to earn some pennies. It’s never too late to be more financially savvy. Read on to find out more about how you can start saving right now. [From: 25 ways you could be saving money today]

KEEP READING: Discover The Richest Person In Each State

KEEP READING: Here Are The Best Places to Retire in America


Source link