Page 9 - Flynn Wright News Today

Overdraft charges are an important source of revenue for banks — $31.3 billion in 2020. They are also a continuing source of confusion and consternation for bank customers (especially when — surprise — a $5 latte ends up costing $150). By way of brief history, there once was a time when banks would pay an occasional overdraft for a well-established customer and an actual human being would call the customer and politely ask that a deposit be made to cover the overdraft. A modest one-time f...

In mostly normal times (which these are not), investing in commercial real estate is an attractive proposition. The investor buys or constructs a building for use in commercial activities — stores, restaurants, offices — using, for the most part, borrowed money. The investor then puts tenants in the building who pay rent and an additional amount to cover operating costs — insurance, maintenance, repairs, real estate taxes, utilities. The investor uses the rent to make the mortgage payment...

Sometimes, state law and federal law disagree about what should happen in a particular circumstance. The Colorado Court of Appeals, in a decision handed down last month, found itself swimming

As the Colorado General Assembly sprints (stumbles?) to its mandatory June 12 adjournment, there are two personal finance bills I thought you should know about.

On May 10, as part of a COVID-disrupted legislative session, Gov. Jared Polis signed into law Senate Bill 21-006, causing Colorado to become the second state in the country (behind

Toyota, like other vehicle manufacturers, is no stranger to class-action litigation but, for the last five years, Toyota has been fighting a class-action lawsuit wherein the true bad actor is, well, rodents. The plaintiffs (who correctly concluded Toyota has more money than the rodents) claim Toyota replaced vinyl chloride wiring in its vehicles with wiring based on a soy product. This, the plaintiffs say, attracted rodents, which then ate the wiring in their vehicles and left them stranded, or...

Most people (some more than others) leave unpaid debts behind when they die and the process of administering an estate must deal with these debts.

Going back a decade or so, fraudulent sellers of motor vehicle extended “warranties” took a time-out. That’s because a big player on this stage, U.S. Fidelis, went broke and its owners, brothers Cory and Darien Atkinson, went to prison. Before its collapse, U.S. Fidelis had made something like 1 billion robocalls in a single ten-month period hawking its products. But robocalls (and postcards) by companies warning vehicle owners that their manufacturer’s warranty is expiring, and they ne...

CDC: No mask needed outdoors if you’re vaccinated, Palm Springs to follow suit Restrictions are easing when its comes to "masking up" for people who are fully vaccinated. The Centers for Disease Control Tuesday put new protocols were in place. Gov. Gavin Newsom said California will loosen its COVID-19 mask mandate to align with new federal guidance saying that fully vaccinated people can gather outdoors or dine at an outdoor restaurant without face coverings. Under the new CDC guidance, peopl...

It probably won’t surprise you to learn that members of the minority party in the Colorado General Assembly, not unlike members of the minority party in the U.S. Congress, have been known to use stalling as a tactic to impede the passage of legislation they don’t like. One tool facilitating this tactic in Colorado comes from Article V, Section 22, of the state constitution: “Every bill shall be read by title when introduced, and at length on two different days in each house, provided, how...