Tag Archives: News Coverage

TV Reporter Confronts Phony Debt Collector Scamming St. Louisans

KMOV News Channel 4, January 30, 2014 Investigative reporter Chris Nagus confronts the man behind a debt collection scheme targeting people across St. Louis with harassing phone calls, threatening letters and unwanted visits from a phony business.  But it’s unclear whether the people actually owe any debt. Nagus caught up with the man behind the bogus business and learned he was using the St. Louis Prosecutor’s Office to get payment. Click here to see the report of this in ...

Judge Temporarily Blocks Missouri’s Restrictions On Obamacare Navigators

Think Progress, January 23, 2014 A federal district court judge in Jefferson City has temporarily blocked enforcement of a state law that puts restrictions on individuals and organizations trying to help people sign up for health coverage under Obamacare. Obamacare uses so-called state navigators and enrollment counselors to assist Americans who are looking to buy health plans. These navigators include doctors, nonprofit organizations, social workers, and community groups. Th ...

When Lenders Sue Borrowers, Quick Cash Can Turn Into a Lifetime of Debt

ProPublica, December 13, 2013 Five years ago, Naya Burks of St. Louis borrowed $1,000 from AmeriCash Loans. The money came at a steep price: She had to pay back $1,737 over six months. “I really needed the cash, and that was the only thing that I could think of doing at the time,” she said. The decision has hung over her life ever since. A single mother who works unpredictable hours at a chiropractor’s office, she made payments for a couple of months, then she defaulted. ...

Editorial: Hope That Consumer Bureau Will Rein in Payday Lending Industry

The New York Times, November 16, 2013 At some point — soon, we hope — the Federal Consumer Financial Protection Bureau will issue regulations for the payday lending industry. The bureau took an important step in that direction when it announced earlier this month that it would begin collecting complaints from borrowers who may have been hit with unreasonable fees, unauthorized withdrawals from their checking accounts or other abuses. The bureau should rein in all of these practi ...

Alliance Commends Addition of Diversity to Reliance Bank Board of Directors

St. Louis Equal Housing & Community Reinvestment Alliance release, November 6, 2013 November 6, 2013 – SLEHCRA received word today that Reliance Bank appointed two new members to their Board of Directors that add to the racial and gender diversity.  The two new board members are Michael McMillan, President and CEO of the Urban League of Metropolitan St. Louis, and Cheryl Jones, Executive Director of Girls Inc. As part of their Community Investment Partnership with SLEHCRA ...

Midland States Bank Criticized Over Minority Lending Practices

St. Louis Post-Dispatch, October 29, 2013 Only six black applicants were among the 1,503 St. Louis residents who sought home loans at Midland States Bank in the past four years, according to a community group seeking changes at the bank.  The St. Louis Equal Housing and Community Investment Alliance wants the Federal Reserve to require such changes before it approves Midland’s purchase of Heartland Bank in St. Louis. Black applicants made up just 0.39 percent of applicants at ...

Get the Latest Information on the Missouri Health Insurance Marketplace

After opening three weeks ago, the new Missouri Health Insurance Marketplace website is steadily improving.  Missourians are starting to enroll in new, quality, affordable health insurance, many with financial help.  The website has experienced some difficulties, so please be patient and keep trying. Give it a try -- shop the Marketplace at www.healthcare.gov and make your way to Missouri. We know lots of people still have questions: What does it mean? How does it work? How c ...

Starter Cut-off Devices Keep Car Payments Coming But Scare Consumers

St. Louis Post-Dispatch, September 22, 2013 Back in the old days, if you couldn’t make your car payment, you had to watch out for the repo man. Now, the repo man is a robot that rides around in a little device under your dashboard. Miss a payment, and the car becomes a hunk of useless metal immobilized by a starter blocking device triggered from cyberspace. The owner then has a choice — pay up and get use of the car again, or wait until the human repo man eventually rolls up. ...

Laclede Group Completes Deal for Purchase of Missouri Gas Energy

The Motley Fool, September 3, 2013 After receiving approval on July 17 from the Missouri Public Service Commission, Laclede Group (NYSE: LG) announced today it has completed the $975 million acquisition of Missouri Gas Energy, or MGE, from a subsidiary of master limited partnership Energy Transfer Partners (NYSE: ETP). The deal became final September 1, according to Laclede's statement, and will be accretive to fiscal 2014 net earnings. With the acquisition complete, Laclede ...

How Scams Exploit Confusion Over New Health Insurance Law + Protection Tips

Washington Post, August 30, 2013 Obamacare is upon us, and already fraudsters are out to cheat people. With a lot of confusion about the health insurance marketplaces, consumers are receiving phone calls from people claiming to provide insurance cards needed under the Affordable Care Act. Keep your guard up, says Edward Johnson, president and chief executive of the Better Business Bureau of Metro Washington and Eastern Pennsylvania. One of the more controversial and confus ...

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