Veracity credit repair is not the guys advertising on the radio that they can wipe out your debt with some
vague new law. On the side of credit card companies, Colorado Attorney General is sueing them for charging an upfront fee, and for misleading a consumer to believe they could "fix" their FICO score.
I have said this before, and we are not finished with the issue in the news but Goldman Sachs now knows that using a MIT Math model is not enough to insure the validity of a CDO.
Read attached:
Colorado ATTORNEY GENERAL ANNOUNCES LAWSUIT
"According to the complaint, filed in Denver County District Court, the credit-repair company is suspected of charging upfront fees for its services, which is illegal under state and federal law. The company, according to the complaint, required that consumers pay an initial setup fee of up to $99 and monthly fees of up to $79. Under Colorado law, a credit-repair firm can only charge fees once its services are complete.
Veracity also is alleged to have failed to disclose to its clients the total amount they would be charged for credit-repair services. The company also advertised that it could “optimize” consumers’ credit records by erasing or repairing bad credit. Under the federal Fair Credit Reporting Act and Colorado Consumer Credit Reporting Act, credit bureaus are allowed to report negative information about a consumer’s credit for seven years and information concerning bankruptcies for 10 years.
“Consumers trying to work their way out of debt and improve their credit should carefully examine the promises any credit-repair company makes,” Suthers said. “Consumers also should beware of any company that charges upfront fees for any credit-repair services. Upfront fees are prohibited under Colorado and federal law.”
Suthers said the Colorado Credit Services Organization Act and similar federal laws prohibit:
• Prohibit untrue or misleading statements and representations;
• Prohibit advance fees for services;
• Require disclosure of the total amount a consumer will have to pay for credit repair services;
• Require disclosure about when accurate information can be removed from credit reports;
• Require disclosure of a consumer’s right to correct inaccurate information; and,
• Providing consumers a five-day right to cancel a credit repair contract."
From Colorado Attorney General John Suthers' office,
Is he the next Cuomo?
4/27/2010
4/24/2010
Courage
No one has yet computed how many imaginary triumphs are silently celebrated by people each year to keep up their courage. ~Henry S. Haskins
4/22/2010
Capistrano School Board please step Down
The Board again played a trick on the teachers by cancelling the 10:00 meeting without notice.
My High school student at Dana Hills was corralled into a classroom by alphabetical order with 65 kids and 30 chairs. The room was so loud she could not study for her AP test. She couldn't even read. No learning happened today. Students were released at 11:00 AM with no notice to parents
I have not heard from my middle school child as of this hour. The school bus service was uncertain if there would be buses today.
The Board made NO PLAN to educate students today, although they were aware the teachers might strike for weeks. The District’s website spouts tales about how credentialed substitute teachers would be teaching students in schools during the strike.
The District does not want parent help or input. The Board failed to respond to parents who emailed and wrote letters. The District demonstrates a pattern of avoiding public disclosure, holding secret meetings, and wasting taxpayer funds. The Board is playing a media relations fake to make parents and community angry at teachers..
A good General does not cut food rations and shoes for the front line soldiers while sitting in a cushy palace in San Juan Capistrano. The Taj Mahal palace cost $ 44 million dollars and bestows Board members, and District staff 1200 square foot palatial offices. The District has a history of mismanagement, disgrace and waste.
The District figured they could cut twelve million dollars by cutting teacher pay and slashing teacher benefits. It ‘appears’ they might like to fire higher paid teachers to rehire cheaper new ones in the negotiation techniques they have employed...
Half our State budget goes to “education.” Of that money more than 70% is allocated to administrators, brick and mortar, duplication of jobs, public relation firms, lawyers, special deals, and waste. Now the
District and Board have put taxpayers in a position to pay for the lawsuits, the special election and wasted learning hours that are the results of not settling in good faith.
My High school student at Dana Hills was corralled into a classroom by alphabetical order with 65 kids and 30 chairs. The room was so loud she could not study for her AP test. She couldn't even read. No learning happened today. Students were released at 11:00 AM with no notice to parents
I have not heard from my middle school child as of this hour. The school bus service was uncertain if there would be buses today.
The Board made NO PLAN to educate students today, although they were aware the teachers might strike for weeks. The District’s website spouts tales about how credentialed substitute teachers would be teaching students in schools during the strike.
The District does not want parent help or input. The Board failed to respond to parents who emailed and wrote letters. The District demonstrates a pattern of avoiding public disclosure, holding secret meetings, and wasting taxpayer funds. The Board is playing a media relations fake to make parents and community angry at teachers..
A good General does not cut food rations and shoes for the front line soldiers while sitting in a cushy palace in San Juan Capistrano. The Taj Mahal palace cost $ 44 million dollars and bestows Board members, and District staff 1200 square foot palatial offices. The District has a history of mismanagement, disgrace and waste.
The District figured they could cut twelve million dollars by cutting teacher pay and slashing teacher benefits. It ‘appears’ they might like to fire higher paid teachers to rehire cheaper new ones in the negotiation techniques they have employed...
Half our State budget goes to “education.” Of that money more than 70% is allocated to administrators, brick and mortar, duplication of jobs, public relation firms, lawyers, special deals, and waste. Now the
District and Board have put taxpayers in a position to pay for the lawsuits, the special election and wasted learning hours that are the results of not settling in good faith.
100 Better Budget Repairs for Schools
It’s about money. Give me pragmatic solutions not pedagogic policy. Please take a minute to explain a problem or duplication and suggest a cheaper leaner better way in the comments box.
I am a Mom and a businesswoman. I am not running for office. We can save the right way. Cutting teacher salaries is not the correct path. We need concrete methods to reduce waste to bring to our Governor and State Board and Districts
Leave aside Unions and other elements of the education establishment. Be thick skinned. Allow those who are going to be hostile to input to open their hearts and make California education better.
Obama administration’s Race to the Top education improvement grants did nothing.
100 things in California’s education system which need to be made efficient:
First one: E.L. policies Assembly Bill 748 requires testing to measure ELD standards applied appropriately for students in each grade level. The Bill hoped to standardize English language arts content to ensure that limited-English proficient (LEP) students (now politically correctly renamed English learners in California) develop proficiency in English. The standards are supposed to assist teachers in moving English learners to fluency. The California English Language Development Test (CELDT) is a required state test for English language proficiency that must be given.
This is a behemoth of waste. The information gathering and testing forms change all the time. They are often outdated at the school site and expensive bar code forms tossed away. Some teachers might have 1 EL student a year and in another area they might have 12 or more. The teacher may score the student low on purpose in the start up to show improvement. There are special coordinators in each district. There are special employees to track the progress. Thousands of phone calls, hours of training. The teachers score a child on a scale that is vague and subjective. This is a paperwork monster. When the results finally return to the teacher so much time has gone by the teacher is already working with the child to get up to speed. The tools are broken.
I am a Mom and a businesswoman. I am not running for office. We can save the right way. Cutting teacher salaries is not the correct path. We need concrete methods to reduce waste to bring to our Governor and State Board and Districts
Leave aside Unions and other elements of the education establishment. Be thick skinned. Allow those who are going to be hostile to input to open their hearts and make California education better.
Obama administration’s Race to the Top education improvement grants did nothing.
100 things in California’s education system which need to be made efficient:
First one: E.L. policies Assembly Bill 748 requires testing to measure ELD standards applied appropriately for students in each grade level. The Bill hoped to standardize English language arts content to ensure that limited-English proficient (LEP) students (now politically correctly renamed English learners in California) develop proficiency in English. The standards are supposed to assist teachers in moving English learners to fluency. The California English Language Development Test (CELDT) is a required state test for English language proficiency that must be given.
This is a behemoth of waste. The information gathering and testing forms change all the time. They are often outdated at the school site and expensive bar code forms tossed away. Some teachers might have 1 EL student a year and in another area they might have 12 or more. The teacher may score the student low on purpose in the start up to show improvement. There are special coordinators in each district. There are special employees to track the progress. Thousands of phone calls, hours of training. The teachers score a child on a scale that is vague and subjective. This is a paperwork monster. When the results finally return to the teacher so much time has gone by the teacher is already working with the child to get up to speed. The tools are broken.
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