CFPB drops multi-year probe of installment loan organization

first_imgIn another indication that the Trump Administration is taking a vastly different approach at the CFPB, the agency has dropped an investigation of World Acceptance Corp., one of the largest small-dollar loan companies.The company, which has 1,331 offices in 15 states and Mexico and specializes in instalment loans, said the agency has notified the company that the probe has been completed and no action will be taken against the company.World Acceptance had indicated in March 2014 that it was the target of a CFPB probe into how it markets and provides loans. And then, in August 2015, the company said that the CFPB staff was considering recommending that the agency take legal action against the company. That notice was intended to allow the company to present its side before the CFPB made a final decision. 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Actor leads Earth Day discussion

first_imgUSC Program Board hosted actor and environmental activist Ian Somerhalder Tuesday night in Bovard Auditorium. Somerhalder spoke on his foundation, the environment and what youths can do to empower and educate each other to create change.Green fever · Vampire Diaries actor and founder of the Ian Somerhalder Foundation Ian Somerhalder discussed the importance of clean energy and animal rights on Tuesday. – Benjamin Dunn | Daily TrojanIn Hollywood, Somerhalder is best known for prominent roles on the television shows The Vampire Diaries and Lost. He can also be seen on Years of Living Dangerously, Showtime’s new docu-series centering on global climate change that premiered on April 13.Hosted in conjunction with the Speakers Committe, the International Student Assembly and the Environmental Student Assembly, the event was moderated by Alex Ago, the director of programming and special projects at USC’s School of Cinematic Arts.ESA Director Shawn Rhoads said that they chose Somerhalder as the Earth Day speaker because they knew he had the capability to reach a larger demographic.“We want people to know that an environmental community exists on campus,” Rhoads said. “There’s a need for action, and that’s what ESA wants to do — along with creating awareness for positive impact — through Earth month, and we thought that Ian would be a good fit as keynote speaker for our message.”He stressed that as a celebrity, he is in a fortunate position of having an amplified voice to enact change.“The ultimate goal is to do the absolute best I can to empower all those around me to start living this holistic framework of life that will last way beyond me,” Somerhalder said.Somerhalder spoke heavily about the mission of his foundation, the Ian Somerhalder Foundation, which aims to educate a collective audience on the importance of preserving the environment and the world’s animals.Throughout the evening, Somerhalder stressed the need for youth empowerment, and also discussed how today’s generation can enact real differences in the world.“[You should use] social media to create quantifiable change,” he said. “If you can empower them with education, now they’re activated and they become a doer. This generation knows that, and what people and corporations aren’t realizing is that the most underutilized weapon in the worth is youth — and they’re going to change the world.”Somerhalder said that the environment is very delicate, and relies heavily on the “symbiosis” between man and animal.“The foundation’s focuses all go hand in hand, and the intricate nature of our environment revolves around symbiosis of the creatures of the world and humans,” Somerhalder said. “It can lead to food shortages, along coastlines that go into cities, and we can’t function without them — which is why we need species and environmental conservation.”He also spoke about the ISF college division, which encourages the collaboration between environmentally conscious students on campus.“You will find like-minded people around you, and it gives you all the tools to execute things, and empower you to do so much more,” Somerhalder said.He also noted that he models his lifestyle after the mission of his foundation, and that people should aim to eliminate wasteful habits such as leaving the television on during the day when no one is home.“I try and live my life the same way we want to power people at ISF, Somerhalder said. “The dog does not need to watch TV when you’re gone all day — it will lick itself all day,” he said. “Making a pledge to do stuff is great, doing them is better. We have to be better consumers and voters — this shift will shape the world.”After the event, students said that they were intrigued with Somerhalder’s message and his ability as a celebrity to reach a wider audience.Natalie Milian, a sophomore majoring in communication, believed that Somerhalder was a boost to the Environmental Student Assembly and its cause.“[Somerhalder’s] popularity gives him this powerful mode of speech and increases the amount of people that he can deliver his message to,” Milian said. “And while people may be there just to gaze at him, they will still surely come out of the event with gaining at least some information [and] knowledge about his cause.”Sucharita Yellapragada, a freshman majoring in policy, planning and development, believed that Somerhalder’s talk had been a reminder of the dire situation that our world is in.“Ian being here [is a] statement about how big of an impact the environment has on our daily life — that celebrities take the time to create charities and work tirelessly to strive towards a change,” Yellapragada said. “It gathers students together for a common cause and it really helps that someone as prominent as Ian Somerhalder came to talk to us about it.”Editor’s note: This post has been updated.last_img read more

Monday September 30th Local Sports

first_imgALBERT LEA – NIACC sophomore Austin Eckenrod tied for individual meet medalist honors at the Waldorf University Invitational Sunday with a 74 at Wedgewood Cove Golf Club.Eckenrod’s 74 helped lead the Trojans to a third-place finish in the eight-team invitational with a team total of 319. Grand View was the team champion with a 305 and host Waldorf was second with a 306.It was the second time in his collegiate career that Eckenrod earned individual medalist honors as he shared medalist honors at last fall’s Iowa Wesleyan Invitational.Also for the Trojans on Sunday, Matthew Heinemann shot 79, Zach Martin shot 80, Jackson Hamlin shot 86 and Beau Thompson shot 86.NIACC returns to action Tuesday at the Iowa Wesleyan Invitational. WACO, TEXAS — A late field goal by Baylor spoiled a huge fourth quarter rally by Iowa State in a 23-21 loss in Waco. Trailing 20-0 entering the fourth quarter the Cyclones scored three touchdowns to take a 21-20 lead but the defense could not get the final stop. Despite the loss Cyclone coach Matt Campbell was proud of his team.Iowa State is 2-2 overall but Campbell is confident his team will bounce back.Next up for Iowa State is TCU, with an 11 o’clock kickoff at Jack Trice Stadium. KANSAS CITY, Mo. (AP) — Jorge Soler locked up the AL home run crown with his 48th homer, Brett Phillips drove a game-ending sacrifice fly in the ninth inning and the Kansas City Royals beat the Minnesota Twins 5-4 in manager Ned Yost’s final game. Phillips’ first career walk-off RBI gave Yost a celebratory send-off on the final day of the regular season. Twins manager Rocco Baldelli turned over coaching duties to infielder Ehire Adrianza, and AL Central-winning Minnesota hit three homers to push its major league record to 307 this season — one ahead of the New York Yankees. Minnesota finished the season 101-61, one victory shy of the franchise record set in 1965. The Twins are off until Friday when they travel to New York to face the Yankees in the best-of-five American League Divisional Series. A first pitch time has not yet been announced ALBERT LEA, Minn. – NIACC freshman Thea Lunning placed third at the Waldorf University Invitational on Sunday with an 81.Grand View’s Karli Kerigan was the individual medalist with a 71 at the Wedgewood Cove Golf Club.NIACC was fourth with a 379. Grand View was the team champion with a 338.Also for the Lady Trojans, Jordyn Barragy shot 95, Abby Murray shot 101 and Ashley Voves shot 102.NIACC concludes its fall season at the Iowa Wesleyan Invitational on Sunday. CHICAGO (AP) — Chase Daniel threw for 195 yards and a touchdown after Mitchell Trubisky got knocked out of the game with a left shoulder injury on the opening possession, and the Chicago Bears swarmed NFL rushing leader Dalvin Cook in a 16-6 victory over the Minnesota Vikings on Sunday. The defending NFC North champions avoided an 0-2 start at Soldier Field and another home loss to a division rival to go with the one they suffered against Green Bay in the NFL’s 100th season opener. OGDEN, Utah (AP) — Kaden Jenks hit Rashid Shaheed for a 73-yard touchdown on Weber State’s first play from scrimmage and the Wildcats led the rest of the way in their 29-17 win over Northern Iowa on Saturday night.Jenks finished 19-of-29 passing for 219 yards and two touchdowns in a battle between two of the top teams in the Football Championship Subdivision.Weber State (2-2), which came in ranked No. 6 in the FCS Coaches poll, scored on its first five drives to open a 27-3 lead midway through the second quarter.Following Shaheed’s touchdown, the seventh-ranked Panthers fumbled the kickoff and Trey Tuttle’s 25-yard field goal extended the lead. Then, just three plays later, Brody Burke picked off a pass from Will McElvain to set up Kris Jackson’s 2-yard touchdown run that made it 17-0 less than 10 minutes into the game.Matthew Cook made a 35-yard field goal to get Northern Iowa (2-2) on the board with 3:27 left in the first quarter, but Tuttle made a 41-yarder about 2 ½ minutes later and Jenks hit Justin Malone for a 13-yard touchdown with 8:30 left in the second quarter.McElvain threw for 219 yards and two touchdowns and added 105 yards rushing on 16 carries for UNI. IOWA CITY, Iowa (AP) — Nate Stanley threw for 276 yards and two touchdowns, Toren Young added a career-high 131 yards rushing and 14th-ranked Iowa throttled Middle Tennessee 48-3 on Saturday, moving to 4-0 for just the second time in 10 years.Brandon Smith caught both of Stanley’s TD throws for the Hawkeyes. Iowa gained 644 yards, its most in coach Kirk Ferentz’s 21 seasons in charge.Iowa racked up 358 of those yards in the first half and scored on its first four drives, a stretch headlined by an 18-yard TD throw from Stanley to Smith, to jump ahead 24-0 midway through the second quarter.Ihmir Smith-Marsette’s 14-yard touchdown run off a jet sweep pushed Iowa’s lead to 34-3 with 2:19 left in the third quarter.Asher O’Hara was 15 of 22 passing for 110 yards for Middle Tennessee (1-3). The Blue Raiders’ defense was gashed for over eight yards a play.last_img read more

Iowa sees farm bankruptcies almost double in 2019

first_imgAMES — A Farm Bureau report says Iowa saw 27 farms file for bankruptcy during 2019. That’s up from just 14 farm bankruptcies the previous year.Chad Hart, an agricultural economist at Iowa State University, says there may be more bankruptcy filings in coming years as the federal government ends trade mitigation payments that supplement farm income.  Hart says, “Given that, we might see a step back here in farm incomes and that should lead to, again, continued pressure where we could see this bankruptcy trend continue to rise slowly higher.”Hart says the overall numbers are relatively small, but it shows there’s mounting financial trouble from dairy states like Wisconsin to grain states like Iowa.  “It shows that it’s not just centered on one sector like dairy,” Hart says, “that this is spread more broadly across production agriculture.”Iowa and six neighboring states each marked decade-high numbers of farm bankruptcies in 2019. Hart says farm income has actually been on the rise, buoyed by 28-billion dollars in federal payments to make up for trade disruptions. He says those payments are not expected to continue, but the financial pressure on Midwestern farmers likely will.last_img read more

Guyanese charged with falsifying US passport application

first_imgA federal grand jury returned an indictment charging Joseph Fedrick, 42, of Guyana, with falsifying an application for a United States passport, US Attorney William J Ihlenfeld II, announced.Fedrick executed an application for a United States passport in Berkeley County, West Virginia. Within the application, Fedrick attempted to use a false social security number with the intent to secure the passport fraudulently.Fedrick is charged with one count of “False Statement in Application for Passport.” He faces up to 10 years in prison and up to 0,000 in fines. Under the Federal Sentencing guidelines, the actual sentence imposed will be based upon the seriousness of the offences and the prior criminal history, if any, of the defendant.Assistant US Attorney Shawn M Adkins is prosecuting the case on behalf of the Government. The Department of the State Diplomatic Security Service and the United States Department of Homeland Security are investigating.An indictment is merely an accusation. A defendant is presumed innocent unless and until proven guilty. (US Department of Justice)last_img read more