Black hole in Miliband plan, say the Tories

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 KCS-content Black hole in Miliband plan, say the Tories whatsapp Thursday 23 September 2010 8:23 pm Show Comments ▼ Sharecenter_img THE Tories have stepped up their attacks on the Labour leadership candidates, claiming bookies’ favourite David Miliband must find £55bn of cuts to pay for his campaign promises.Ed Miliband, who is also within touching distance of winning the leadership contest, will have to find £67bn of spending cuts to fulfil his pledges, the Tories say. David Miliband backs former chancellor Alistair Darling’s deficit reduction plan, which implied £44bn of cuts by 2014-15. But the Tories say he has opposed £33bn of cuts outlined by the coalition, including a rise in VAT, cuts to housing benefit and linking public sector pensions and benefit to the CPI measure of inflation. He has also made a raft of spending promises in the campaign, including more free school meals, a living wage and a national care service for the elderly. The Tories say these will cost more than £22bn.Having outlined just £11bn of new taxes, such as a mansion tax and a levy on bankers’ bonuses, that means he must find £55bn of cuts or taxes, the Tories say. Meanwhile, the Tories say Ed Miliband has made over £28bn of spending commitments, while offering just £5bn of tax rises. That would mean he has a £67bn black hole in his campaign promises, assuming he backs Darling’s deficit reduction plan. The claims are contained in a dossier authored by Matt Hancock, a new Tory backbench MP and a former adviser to chancellor George Osborne. He said “Both Milibands have feebly opposed all action the coalition has taken to deal with the deficit, and have made billions of further promises.”But an aide to David Miliband dismissed the findings. “David’s always said he’d wait for the comprehensive spending review before offering detailed plans. We don’t even know what they’re cutting yet – it’s a bit rich for them to start asking us.” The dossier comes a day before the result of the Labour leadership ballot, which will be announced on the eve of the party’s conference in Manchester tomorrow. Bookmakers and party insiders expect a photo finish between the Miliband brothers.FAST FACTS | HOW LABOUR WILL CHOOSE ITS NEW LEADERTHE VOTEThe voting is split equally three ways between Labour members of the national and European parliaments, party members and members of affiliated trade unions who have not opted out of paying a political levy.The votes for each nominee in each section are then calculated as a percentage of the total votes cast in that section.If any candidate receives a majority of votes, they are declared the leader. If not, the last-placed contender drops out and their second preferences are reallocated, until someone passes the 50 per cent figure.The winner will be announced on Saturday before the party’s annual conference in Manchester. SHADOW CABINETThe new leader will not have the power to choose members of the “shadow” cabinet, the Labour front-bench team that monitors, criticises or opposes the decisions of ministers from the Conservative-Liberal Democrat coalition.Labour members of parliament will elect 19 members of the shadow cabinet, of whom at least six must be women. Nominations open on September 26 and the results will be announced late on October 7.The new leader decides which cabinet job each of those elected will get, but the procedure means he or she could end up working with shadow cabinet members who have a different political viewpoint. Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

Total Kenya Limited ( 2011 Abridged Report

first_imgTotal Kenya Limited ( listed on the Nairobi Securities Exchange under the Energy sector has released it’s 2011 abridged results.For more information about Total Kenya Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Total Kenya Limited ( company page on AfricanFinancials.Document: Total Kenya Limited (  2011 abridged results.Company ProfileTotal Kenya Limited is the largest oil and gas marketer in Kenya with an extensive network of service stations and fuel depots, liquefied petroleum gas filling plants and aviation depots. The Kenyan oil and gas company is a subsidiary of the global Total Group which is the fourth-largest publicly traded integrated international oil and gas company in the world with a presence in over 100 countries. The company was founded in 1955 as OZO East Africa Limited but changed its name to Total Oil Products East Africa Limited in 1988, making it the first multi-national oil company listed on the Nairobi Securities Exchange. The company changed its name to Total Kenya Limited in 1991. Total Kenya Limited has more than 176 service stations, 5 wholly-owned fuel depots and 3 jointly-owned depots, 2 liquefied petroleum gas filling plants, 1 lubricant blending plant and 5 aviation depots. Its head office is in Nairobi, Kenya. Total Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

The Co-operative Bank of Kenya Limited ( HY2014 Interim Report

first_imgThe Co-operative Bank of Kenya Limited ( listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2014 interim results for the half year.For more information about The Co-operative Bank of Kenya Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited ( company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (  2014 interim results for the half year.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

How I’d drip-feed £250 a month into UK shares in an ISA to get rich in a stock market rally

first_imgHow I’d drip-feed £250 a month into UK shares in an ISA to get rich in a stock market rally Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. .With UK shares still trading at cheap prices in many cases, drip-feeding money into FTSE 100 and FTSE 250 stocks could lead to impressive returns in a stock market rally.Certainly, there are short-term risks ahead that may derail the performance of stocks in the short run. However, the track record of the FTSE 100 and FTSE 250 shows that a long-term stock market rally is likely after this year’s market crash. As such, a diverse portfolio of high-quality stocks could deliver attractive performances in the coming years.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A stock market recovery that lifts UK sharesThe stock market rally that’s lifted the prices of many UK shares may or may not continue in the short run. The prospects for FTSE 100 and FTSE 250 shares continue to be uncertain. Risks such as Brexit and the coronavirus pandemic could negatively impact on operating conditions and investor sentiment in the coming months.However, over the long run, a strategy of drip-feeding money into UK shares could pay off. The past performance of the stock market shows it’s always delivered new record highs after its variety of declines. By doing so, it’s produced annual total returns of around 8%. Similar returns could lead to a surprisingly large ISA portfolio value for regular investors in FTSE 100 and FTSE 250 shares.Regular investing in FTSE 100 and FTSE 250 sharesA monthly investment of £250 in UK shares could lead to a surprisingly large portfolio in the long run. Assuming an 8% annual return, which is in line with the past total returns of the FTSE 100 and FTSE 250, it could produce an ISA portfolio valued at around £575,000 over a 35-year period.Clearly, not every investor will have £250 to invest each month. Others may not have 35 years available to allow it to grow. However, it may be possible to obtain a market-beating rate of return. That means purchasing today’s high-quality FTSE 100 and FTSE 250 stocks when they trade at cheap prices. They may offer greater scope to deliver capital growth over the long run. Certainly as a stock market rally is likely to continue in the coming years.Building a solid ISA portfolioOf course, it’s important to consider risk, as well as potential returns, when investing money in UK shares. A regular investment strategy allows an investor to take advantage of future stock market crashes because they can purchase shares at lower prices. Furthermore, building a diverse portfolio of stocks from across the FTSE 100 and FTSE 250 can reduce risk. That’s because one company’s performance has a relatively small impact on overall returns.Certainly, the near-term prospects for shares may be uncertain. It’s about investing money regularly in a diverse range of high-quality shares at low prices. By doing that, it’s possible to generate high returns in an ISA in a stock market rally. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Peter Stephens | Sunday, 22nd November, 2020 See all posts by Peter Stephenslast_img read more

AAA offers Tow-to-Go program on Super Bowl weekend

first_img Please enter your comment! You have entered an incorrect email address! Please enter your email address here The Anatomy of Fear Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Support conservation and fish with NEW Florida specialty license plate From AAA To help consumers stay safe and celebrate responsibly on the weekend of the big game, AAA and Budweiser urge everyone to have a game plan to get home safely this weekend if they are drinking alcohol. This means choosing a designated driver, calling a cab or ride-sharing service, staying where you are celebrating, or finding another safe way home.For those that did not plan ahead and need the Tow to Go program, it is available through Monday morning, February 4th at 6 AM. The following guidelines apply:Tow To Go Guidelines:Confidential local ride to a safe location within 10 milesThe AAA tow truck takes the vehicle and the driver homeFree and available to AAA members and non-membersTow to Go may not be available in rural areas or during severe weather conditionsVisit for dates and availability throughout 2019If you are hosting a party, please do so responsibly. Check out the Great Pretenders Party Guide from the Auto Club Group Traffic Safety Foundation to learn more.“Nobody wins when fans drive drunk,” said Amy Stracke, Managing Director, Traffic Safety Advocacy for AAA – The Auto Club Group and Executive Director of the ACG Traffic Safety Foundation. “If you’re going to be celebrating the big game with alcohol, please plan ahead so everybody wins and your loved ones get home safely.”“The Tow to Go program is an effective way to promote the use of Designated Drivers and help prevent impaired driving,” said Katja Zastrow, Vice President of Corporate Social Responsibility for Anheuser-Busch. “We are proud to partner with AAA and their roadside assistance drivers to help keep our roads safe.”Since its inception in 1998, Tow to Go has safely removed more than 25,000 impaired drivers from roads across the Southeast and Midwest. It is designed to be a safety net for motorists who did not plan ahead when drinking away from home on celebratory holidays. It is offered based on the availability of AAA drivers and tow trucks during times of high call volume. The Auto Club Group Traffic Safety Foundation provides Tow to Go to help keep all motorists safe from the dangers of impaired driving.Anheuser-Busch and its wholesaler have been co-sponsors of the program since its inception in 1998. Not only has the company provided funding for the service, it has also worked with local bars and restaurants to help educate servers on the importance of not over-serving their customers. LEAVE A REPLY Cancel reply Please enter your name here Share on Facebook Tweet on Twitter Save my name, email, and website in this browser for the next time I comment. TAGSAAATow-to-go Previous articleHow to avoid a Super Bowl injury to your voiceNext articleOut and about… and puppy therapy Denise Connell RELATED ARTICLESMORE FROM AUTHORlast_img read more

First findings of Covid Impact Monitor revealed

first_img Tagged with: COVID-19 Research / statistics About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via First findings of Covid Impact Monitor revealed AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Melanie May | 22 January 2021 | Newscenter_img The first findings of the Covid Impact Monitor have revealed that charities saw emergency revenue quadruple in 2020 compared to 2019, while regular giving held up and online giving surged. Recruitment levels collapsed however, while retail income dropped 94%.The full Covid Impact Monitor results will be released to the sector on 27 January at a free online event, which charities can sign to up here.The Covid Impact Monitor is produced by Charity Benchmarks – a joint venture of Open and Freestyle Marketing, which has tracked charity income and performance through the pandemic to develop a data-driven insight into the impact of Covid.The Monitor provides participating charities with tailored reports into their 2020 performance and highlights which activities have been negatively, and in some cases positively, impacted by the pandemic and subsequent lockdowns. The data allows fundraisers to take action to improve their fundraising. They can also explore what 3,200 fundraisers are achieving for their own charities and how and where charities are focusing their spend, their resources and their strategies.Participants of the study include: The Children’s Society, Stroke Association, RNIB, Christian Aid, Macmillan, Guide Dogs, Oxfam, and British Heart Foundation with several more household names joining the study this month and supplying full data for 2020.The first phase of the report, which analyses income and expenditure for Q1 – Q3 in 2020, has uncovered insights into a range of fundraising methods – including the performance of emergency campaigns and the ‘domestication’ of this form of fundraising activity.The research also uncovered a significant increase in non-emergency cash-giving which doubled in both Q2 and Q3 of 2020 – driving improved ROI and cost per acquisition for cash donors.Q4 results are currently being submitted by participating charities and analysis of the entire year will be presented in a revised version of the report in April.As a result there is still time for more charities to join the study, and receive their own personal report as well as inclusion in the full 2020 results.The first phase findings will be shared at the webinar on 27 January, at 1pm, with Open’s James Briggs and Freestyle Marketing’s Allan Freeman live online to share the data and answer any questions from participants. They will also be joined by RNIB’s Alex McDowell.James Briggs – co-founder, Open, said:“In times like these it’s so important to get a robust, data-driven view of the market and what’s going on. The results for Q1 to 3 have been illuminating and I hope they help our participants – and the wider sector – understand the challenges and opportunities that the situation presents.”Allan Freeman – director, Freestyle Marketing added: Advertisement  289 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis “We’ve got an amazing study an amazing group of participants – representing £1.5bn of income in 2019 and almost £900m in Q1-3 of 2020. But we really want as many people as possible to get on board this month. We have a window where people can submit data and get their own report and I’d urge anyone who’s interested to get in touch as soon as possible.”Charities wishing to find out more information about participating in the study can contact Mark Foster at [email protected]last_img read more

Horse Slaughter Ban Possible Through President’s 2014 Budget Proposal

first_img SHARE Horse Slaughter Ban Possible Through President’s 2014 Budget Proposal Home Indiana Agriculture News Horse Slaughter Ban Possible Through President’s 2014 Budget Proposal Facebook Twitter SHARE By Gary Truitt – Apr 11, 2013 center_img USDA says it has received at least six applications. HSUS President and CEO Wayne Pacelle says it’s a fool’s errand to inspect tainted horse meat and the Obama Administration is wise to reject that path and embrace the idea that horses belong in the stable – not on the table. President Obama released his Fiscal Year 2014 budget proposal on Wednesday – which includes a request to block funds to inspect horse slaughter plants in the United States. The Safeguard American Food Exports Act is a bipartisan measure introduced by four Congressmen and women that would prevent the introduction of horse slaughter operations in the U.S., end the export of American horses for slaughter abroad and protect the public from consuming toxic horse meat. In 2005 – a similar block occurred and shutdown the horse slaughter industry in the country – but it was not renewed in 2011. The Humane Society of the U.S. and other animal welfare organizations support this new attempt to ban horse slaughter. While there are no operating horse slaughter facilities in the U.S. Facebook Twitter Previous articleSeed Consultants 4/11/2013 Market Closing Comment with Gary WilhelmiNext articleGrowth Energy Says Comparing E15 to MTBE Absurd Gary Truittlast_img read more

Blogger Kareem Amer held in custody for a further two weeks

first_img Al Jazeera journalist Mahmoud Hussein back home after four years in prison EgyptMiddle East – North Africa to go further December 7, 2006 – Updated on January 20, 2016 Blogger Kareem Amer held in custody for a further two weeks February 6, 2021 Find out more EgyptMiddle East – North Africa Receive email alerts Organisation February 1, 2021 Find out more The district prosecutor in Moharram Bek on 6 December ordered that Kareem Amer should be remanded in custody for a further two weeks.The blogger was questioned on 6 December in the absence of his lawyers after being transferred to a different judicial office which failed to notify his lawyers of the change. Sources told Reporters Without Borders that the office administrators had deliberately misled the lawyers so they could not attend the questioning of their client.Egyptian authorities arrested Abdel Kareem Nabil Suleiman, known as Kareem Amer, on 6 November 2006, for posting articles critical of Islam on his blog.——————–13.11.06Officials order blogger “Kareem Amer” held for another two weeksOn 8 November, the prosecutor’s office in the district of Moharram Bek ordered that blogger Abdel Kareem Nabil Suleiman, who is better known by the pseudonym of Kareem Amer, should be held for another two weeks. At the same time, the prosecutor’s office announced that he is charged with circulating rumours liable to disturb the peace, defaming the president, inciting the regime’s overthrow, inciting hatred of Islam and circulating ideas prejudicial to Egypt’s reputation. News Less press freedom than ever in Egypt, 10 years after revolution Detained woman journalist pressured by interrogator, harassed by prison staff ——————8.11.06Blogger arrested for criticism of IslamReporters Without Borders condemned the arrest by Egyptian authorities of Abdel Kareem Nabil Suleiman, also known as Kareem Amer, for posting articles critical of Islam on his blog and called for his immediate release.Since his arrest on 6 November, he has been held and questioned at a detention centre in Alexandria, 200 kilometres north of Cairo.“This arrest took place on very day we announced that Egypt was being added to the list of 13 ‘Enemies of the Internet’” the worldwide press freedom organisation said. “It shows just how much the country deserves its place on this black list.”“Hosni Mubarak, who has been in power since 1981, takes a very authoritarian stance in relation to the Internet. The arrest of Kareem Amer is a serious press freedom violation,” Reporters Without Borders added.Last week, the 22-year old blogger condemned the government’s religious and authoritarian excesses. He was expelled this year from the Islamic University of al-Azhar for the same reasons. He criticised his professors, saying that their authority would be ended and the Egyptian government would finish “in the dustbin of history”. University administrators then laid a complaint against the cyber-dissident, who is accused of “spreading rumours endangering public security” and “defamation of President Mubarak”.Police arrested Kareem Amer for the first time, on 26 October 2005, for posting anti-religious articles on his blog and held him for 13 days.————-Create your blog with Reporters without borders: January 22, 2021 Find out more News RSF_en Help by sharing this information News News Follow the news on Egyptlast_img read more

Star Wars treat for Limerick visitors

first_imgLimerick Ladies National Football League opener to be streamed live NewsStar Wars treat for Limerick visitorsBy Editor – May 15, 2016 946 RELATED ARTICLESMORE FROM AUTHOR Limerick’s National Camogie League double header to be streamed live Previous articleSoccer: Pride in defeat for Pike manager ShielNext articleSoccer – Action from Pike Rovers versus Sheriff YC Editor Twitter Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Email TAGSfeaturedfilminglighthouselimerickLoop HeadStar WarsStar Wars: Episode V11 WhatsAppcenter_img Mark Hamill features in Star Wars Episode VIIILIMERICK people won’t be the only visitors to West Clare next week when filming for the eighth installment of the famous Star Wars film franchise will get under way in Kilbaha.Star Wars: Episode VIII is the next chapter in the epic space series, and the Loop Head peninsula is the latest Irish location to feature on the filming schedule which also includes Donegal, Kerry and Cork.A small crowd gathered in the area over the weekend in the hope of catching a glimpse of the action.Sign up for the weekly Limerick Post newsletter Sign Up But Ailish Connolly from Kilbaha Gallery and Crafts says it’s likely people will have to wait until the film comes out to see what’s really going on in the area.It’s understood that the filming will take place on private land and Clare County Council have said that Loop Head Lighthouse will be closed between next Tuesday and Thursday, while a no-fly zone will be imposed by The Irish Aviation Authority.It remains to be seen whether any of the series’ famous actors will feature in the Clare shoot, but for local people its already been an experience that’s out of this world. Linkedin Print Advertisement Facebook WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

Wells Fargo Settles With HUD Over Maternity Leave Discrimination Complaints

first_img Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Wells Fargo Settles With HUD Over Maternity Leave Discrimination Complaints Discrimination Fair Housing Act HUD Maternity Leave Settlement Wells Fargo 2014-10-09 Brian Honea  Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: DS News Webcast: Thursday 10/9/2014 Next: Investor Appeals Judge’s Dismissal of GSE Profits Lawsuit About Author: Brian Honea October 9, 2014 1,657 Views Related Articles The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Wells Fargo Settles With HUD Over Maternity Leave Discrimination Complaints Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The U.S. Department of Housing and Urban Development (HUD) has reached a $5 million settlement with Wells Fargo Home Mortgage, the largest provider of residential mortgage loans in the nation, to resolve allegations that Wells Fargo discriminated against women who were either pregnant or on maternity leave, HUD announced Thursday.HUD reported that 190 discrimination complaints related to maternity leave have been filed since 2010, which had resulted in 40 settlements for a combined total of about $1.5 million prior to Thursday’s settlement. The complainants say their respective lenders are in violation of the Fair Housing Act, which makes it illegal to discriminate based on race, color, national origin, religion, sex, disability, or familial status for any real estate transaction.The complaints covered in Thursday’s settlement were filed by six families from five states (Nevada, Nebraska, Texas, Arizona, and California). As part of the settlement, Wells Fargo agreed to distribute $165,000 to the six families and create a fund with at least $3.5 million to compensate other Wells Fargo applicants who claim to have experienced maternity leave-related discrimination at the time they applied for a loan. Wells Fargo also agreed to pay up to 175 claimants $20,000 each; if there are more than 175 claimants, Wells Fargo will replenish the fund with $1.5 million and pay the next 75 claimants $20,000 each. If there are more than 250 claimants, claimants after 250 will receive a pro-rated share of the $5 million.”The settlement is significant for the six families who had the courage to file complaints, and for countless other families who will no longer fear losing out on a home simply because they are expecting a baby,” said HUD Secretary Julián Castro said. “I’m committed to leveling the playing field for all families when it comes to mortgage lending.  These types of settlements get us closer to ensuring that no qualified family will be singled out for discrimination.”Wells Fargo will also change its underwriting policies to ensure they are not discriminatory as part of the settlement. The lender agreed to implement new Temporary Leave Guidelines and issue instructions to their staff on how to implement them. Also as part of the settlement, Wells Fargo did not admit to any violation of the Fair Housing Act.The six complaints allege that Wells Fargo made loans unavailable to families based on familial status, forced women to give up their maternity leave and return to work before their loans closed, and made discriminatory statements toward women applicants who were either pregnant or had recently given birth.”We resolved these claims to avoid a lengthy legal dispute so we can continue to serve the needs of our customers,” Wells Fargo spokesman Tom Goyda said. “Our underwriting is consistent with longstanding fair and responsible lending practices and our policies do not require that applicants on temporary leave return to work before being approved.  HUD found no violation of the Fair Housing Act or any other law by Wells Fargo. The agreement resolves claims related to only five loan applications from a period when Wells Fargo processed a total of approximately 3 million applications from female customers.”Several lenders have settled with HUD over maternity leave-based discrimination complaints since 2010. In November 2013, Bank of America settled with HUD for $45,000 to resolve such complaints, and Cornerstone Bank settled for $750,000 in 2011, according to HUD. Tagged with: Discrimination Fair Housing Act HUD Maternity Leave Settlement Wells Fargo Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Newslast_img read more