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Florida small businesses looking for financial help often have limited options, but there is a new opportunity for assistance. A group of community lenders created the Southern Opportunity and Resilience Fund (SOAR), to help small companies and nonprofits recover from the impacts of the pandemic. SOAR loans are available up to $100,000, with an interest rate fixed at 4%, much lower than traditional loans. ...
A new website is helping Montanans answer tricky legal questions about debt. The Montana Legal Services Association has launched MontanaDebtOptions.org to offer resources for those dealing with consumer debt. Alex Clark, community legal education coordinator for the Association, said the website is designed for any Montanan with a debt question who is afraid of losing income or property due to debt collection. ...
Consumer advocates are out to stop cars with unrepaired recall defects from winding up with new owners. Federal law bans car dealers from selling unrepaired new cars and rental agencies from selling or renting them. Now consumer activists want the feds to forbid car dealers to sell at retail used cars with unrepaired safety recall defects. ...
In the near future, Minnesota regulators will decide whether companies such as CenterPoint Energy can keep customer surcharges in place related to a 2021 winter storm. Watchdogs worry utilities are leaning too much on ratepayers for higher natural-gas prices. In February of 2021, Winter Storm Uri sent prices soaring, and utilities serving Minnesota incurred significant costs as a result. ...
A recent California Supreme Court decision means that lenders can be on the hook for consumers’ attorney fees in situations where car dealers defraud them. The case involved TD Auto Finance and a dealer that allegedly sold a vehicle without certain advertised features.