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Thursday, January 27, 2022
$30 Billion a Year in "Junk Fees"
From NewsBreak:
Today, the Consumer Financial Protection Bureau (CFPB) issued a request for information on late and junk fees charged by banks and credit cards. The move is an effort to begin the process of designing protections for consumers in the credit and banking industries.
In making the announcement, the CFPB indicated that industry reform could save consumers billions of dollars each year.
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Friday, January 21, 2022
HHS vs. Gallatin - BASKETBALL tonigh
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Tonight in Hendersonville: Diary of Anne Frank at HPAC
Opens tonight! The BroadwayWorld 2021 Nashville Awards Most Anticipated Upcoming Production Of A Play
THE DIARY OF ANNE FRANK Hendersonville Performing Arts Co'
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Tuesday, January 18, 2022
Snow Wednesday Night?
NashvilleSevereWX has a mid-week forecast up that indicates there could SOME snow Wednesday evening - a dusting, flurries, precip of some sort.
The main takeway: It's nice today and will be warmish tomorrow, then get REALLY cold.
Enjoy the warm(er) temperatures mid-week because a cold front comes in Wednesday evening bringing below average temps in to the weekend. Of course, showers also tag along. These showers start Wednesday morning. No severe weather is expected with this system. Isolated thunderstorms could be in the mix especially as a more pronounced line begins to form later Wednesday afternoon.
A wintery mix may be at the backside of this frontal passage. The temperatures are there but the amount of moisture to support a wintery mix is in question.
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Tennessee Lags $3 Billion Behind Kentucky in School Funding
From Tennessee Education Report:
Tennessee consistently receives low grades when it comes to investment in public education. Year after year, Tennessee ranks between 44th-46th in total investment in schools and our state also typically earns among the lowest grades in the nation when it comes to funding effort.
Tennessee Education Association President Beth Brown points out the significance of this disparity in a recent email to educators. In it, she notes:
| “It’s not about how the funds are divided, it’s about how many state dollars are put into education,” said TEA President Beth Brown. “To get to the Kentucky level of school funding, Tennessee needs $3 billion added to the state education budget.” |
Monday, January 17, 2022
Will Tennessee Senators Blackburn & Hagerty Support Biden's Federal Reserve Nominees?
From NewsBreak:
Following the announcement that President Biden has nominated three new members to the Board of Governors of the Federal Reserve, consumer advocacy group Americans for Financial Reform praised the nominees and called for more aggressive regulation of Wall Street by the Fed.
Biden announced the nomination of Sarah Bloom Raskin to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System and the nomination of Lisa Cook and Philip Jefferson to serve on the Board of Governors of the Federal Reserve System.
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Sunday, January 16, 2022
Consumer Group Takes on Failings of Credit Bureaus
From NewsBreak:
Following a report from the Consumer Financial Protection Bureau (CFPB) on the failings of the Big Three credit bureaus when it comes to resolving consumer complaints, the Public Interest Research Group (PIRG) issued a call for reform of the industry.
Consumer Advocates Call for Reform of Credit Bureaus | by Andy Spears | Jan, 2022 | Medium
PIRG noted:
For over 30 years now, PIRGs have fought for changes in the private credit reporting system that the Big 3 bureaus dominate. A summary of our own findings is this: The big 3 credit bureaus function as self-appointed gatekeepers to financial and employment opportunity. Their oligopoly has been an epic fail for consumers.
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Friday, January 14, 2022
Hendersonville vs. Beech in Basketball
Tonight! At Beech!
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Wells Fargo Latest Bank to Eliminate NSF Fees
From NewsBreak:
Wells Fargo announced this week that it is eliminating non-sufficient funds fees and taking steps to reduce overdraft charges. The move comes as other major banks — including Bank of America and Capital One — take steps to reduce or eliminate overdraft charges.
Wells Fargo outlined the following moves that will result in a less fee-heavy banking experience for customers:
By the end of the first quarter, customers will no longer pay a returned item fee if Wells Fargo returns a check or electronic transaction unpaid because the customer does not have enough available funds in the deposit account to cover the payment
Customers who overdraw their deposit account will have 24 hours to cover the overdraft before incurring an overdraft fee. The 24-hour grace period is expected to be offered in the third quarter.
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Let it Snow! Weekend Forecast Suggests Snowy Sunday
As the weekend approaches, a number of forecasters are calling for at least some snow by Sunday. Forecasts range at this point - and a lot depends on temps during precip, but the general idea seems to be there will be a snow event Saturday evening/Sunday during the day.
Here's more:
Meaghan Thomas of WKRN says:
Significant snow likely this weekend as a winter storms moves across Middle Tennessee. Many of you will see between 5 and 8 inches. Localized areas could pick up higher totals depending on where the heavier snow bands set up.
And, the Tennessean notes:
Middle Tennessee is bracing for a winter storm over the long Martin Luther King Jr. Day weekend. Here are the expected snow totals for the region.
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Thursday, January 13, 2022
Weekend SnowCast?
Will it snow again? Maybe ... maybe not.
MORE from NashvilleSevereWX:
Looks like rain Saturday with a transition to wintry mix or snow late Saturday into Sunday. Forecast is a headache…. Rain, sleet and snow are all possible between Saturday and Sunday night with travel impacts potentially extending beyond that . . .
And more from their blog:
Models are starting to come into some agreement on the general setup for the winter weather maker for this weekend. What they don’t agree on quite yet is the exact track of the system, which will dictate how several variables play out, including what type of precip we’ll get, when the changeover from one type of precip to another occurs and how much of each precip type we’ll get.
Will we see MORE snow Saturday/Sunday - it's possible!
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More on the Risks of Buy Now, Pay Later
From NewsBreak:
The Consumer Financial Protection Bureau (CFPB) has announced an inquiry into the practices of the Buy Now, Pay Later (BNPL) industry in light of the popularity of products such as Klarna and Afterpay. The move comes as the major credit bureaus are adding information from Buy Now, Pay Later to credit reports.
Use of BNPL has seen astronomical growth. Companies like Affirm, Afterpay, Klarna, PayPal, and Zip (formerly Quadpay) have become almost ubiquitous in the retail market since the pandemic. This past holiday season, usage spiked even higher, especially among young people.
For more on news impacting Hendersonville and Sumner County, follow @HvilleNews
Hendersonville Burglary Suspects Arrested
From WSMV:
Hendersonville Police responded to a report of a burglary Saturday after storage units were found to have the locks cut off.
After an employee of the Go Store on Avondale Road noticed the locks that had been cut and called to report it, police were able to obtain surveillance footage of the area that captured the suspects and their vehicle.
On Sunday, the tags belonging to the vehicle in the burglary was located on a similar vehicle by a Hendersonville Flex Officer.
The two suspects were able to be identified as Angela Brewer, 43, and David White, 32.
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More Snow this Weekend?
WSMV says there may be some snow coming our way on Sunday!
A 4WARN Weather Alert is in effect on Sunday for potentially more significant snowfall in Middle Tennessee.
Regardless of what happens, be ready for potentially more significant snowfall on Sunday with deteriorating road conditions through the day.
Photo by Darius Cotoi on Unsplash
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Wednesday, January 12, 2022
Teacher Association Leader Calls for Increase in School Funding
From Tennessee Education Education Report:
As the General Assembly returns and prepares to consider Gov. Lee’s school funding reform proposal, Tennessee Education Association President Beth Brown continues a push to boost overall funding for public schools.
Unfortunately, there has also been no indication that any changes to the funding formula will result in additional dollars being added to the state’s education budget. I and other stakeholders have stated repeatedly that unless there is an influx of funding into the education budget it doesn’t matter how we redistribute the funding to local school districts.
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Station Camp's Van Huss Wins Outstanding History Teacher Award
From Sumner County Schools:
Station Camp High School social studies teacher, Drew Van Huss, can add state winner to his list of accomplishments. Van Huss has been named Outstanding Teacher of American History by the Daughters of the American Revolution (DAR) state chapter.
Van Huss began his teaching career at SCHS in January 2011 and has taught United States History, World History, United States Government and Civics, Advanced Placement Human Geography, Current American Issues, Ancient History and Sociology.
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A Call to Limit Robocalls
From NewsBreak:
The Electronic Privacy Information Center (EPIC) and the National Consumer Law Center (NCLC) filed comments this week with the Federal Communications Commission (FCC) asking for action to stop illegal robocalls of foreign origin from reaching American phones by way of “gateway providers.”
“Fraudulent robocalls continue to bombard our telephone lines,” said Margot Saunders, senior attorney at the National Consumer Law Center. “To reduce these invasive and dangerous calls, it is essential that all providers in the call path have more skin in the game.”
For more on news impacting Hendersonville and Sumner County, follow @HvilleNews
Tuesday, January 11, 2022
Sumner County Teacher Marches in Rose Bowl Parade
From Sumner County Schools:
Ellis Middle School Orchestra and Choir Teacher, Sherie Grossman, can add another impressive accomplishment to her resume. Grossman joined band directors from across the country and marched in the 2022 Rose Parade on New Year's Day. The annual event took place in Pasadena, California.
For more on news impacting Hendersonville and Sumner County, follow @HvilleNews
Bank of America to End NSF Fees, Reduce Overdraft Charges
From NewsBreak:
Bank of America announced today it is significantly reducing overdraft fees and eliminating non-sufficient funds fees, with the reforms starting in February.
“Over the last decade, we have made significant changes to our overdraft services and solutions, reducing clients’ reliance on overdraft, and providing resources to help clients manage their deposit accounts and overall finances responsibly,” said Holly O’Neill, President of Retail Banking, Bank of America. “Throughout the process we have engaged our National Community Advisory Council (NCAC) for their guidance and feedback on our changes. These latest steps will further support our clients and empower them to create long-term financial wellness.”
The policy changes mean all NSF fees will be eliminated in February and the fee for overdrafts will be reduced from $35 to $10 starting in May.
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Should You Get a Loan from a Cartoon Bear?
From Medium:
Jason Wilk is the CEO of a banking app that wants to help you out — and keep you from paying expensive overdraft fees. At least, that’s the premise behind the “Dave” app that allows consumers to take out payday advance loans of up to $250 right from their phones.
Adam Hardy writes in Money.com that a number of cash-advance apps are suggesting they offer a viable alternative to payday loans but may instead offer a similar product in a more tech-friendly package.
Hardy reviews the policies and practices of apps such as Dave, Earnin, and Brigit and finds that:
“. . .consumer experts warn their fees are just as bad as — if not worse than — traditional payday loan APRs, with rates that can easily top 300%. And, they say, the apps can actually trigger overdraft fees.”
For more on news impacting Hendersonville and Sumner County, follow @HvilleNews
Monday, January 10, 2022
Kangaroo Killed in White House
WSMV has the story:
A Sumner County man is outraged that his neighbor strangled his pet kangaroo after it allegedly attacked the neighbor’s wife, saying the kangaroo died unnecessarily.
Chris Lea, who owns several kangaroos, said his 5-foot, 60-pound kangaroo Carter died after his neighbors came onto his fenced-in property. Police believe the couple were trying to help get Carter back into his normal enclosure, which he had left.
“(My neighbors) made it sound like (the kangaroos) were out in their property, and they’ll get after dogs and whatnot, but that wasn’t the case,” Lea told WSMV. “They never left our property.”
Friday, January 7, 2022
Pro-Privatization Group Presents Details of Bill Lee's School Funding Plan
From Tennessee Education Report:
How is it that pro-privatization group TennesseeCAN already knows the benefits of Gov. Bill Lee’s new school funding formula when that formula has yet to be released?
It seems an “expert” from TennesseeCAN was on hand in Franklin County to present the details of the new, as-yet-unreleased plan.
First, a bit about TennesseeCAN as reported in the Herald-Chronicle:
TennesseeCAN, a state education advocacy organization, was founded in 2011 and formerly operated as StudentsFirst Tennessee.
The organization’s website says it pushed to enact state laws for alternative certification pathways for teachers, mutual consent in district hiring practices, creating a statewide authorizer for charter applicants, expanding enrollment for autism-spectrum-disorder programs and implementing statewide school report cards to track educational progress.
StudentsFirst, readers may recall, was the group founded by Michelle Rhee – whose ex-husband Kevin Huffman was once Tennessee’s Commissioner of Education.
MORE on the new BEP>
Buy Now, Pay Later and Your Credit Report
From NewsBreak:
American Banker reports that the major credit bureaus are adding designations for Buy Now, Pay Later (BNPL) products such as AfterPay and Klarna.
Beginning in the next few weeks, Equifax will add a business industry code for BNPL to classify data such as payment history, a move that will make BNPL loans visible on credit reports. Equifax says this will provide clients and scoring partners the ability to decide how to include BNPL payments into their own decision making for new financial services. At the same time, TransUnion is working on its own BNPL credit reporting service.
MORE on how including Buy Now, Pay Later will impact your credit score.
For more on news impacting Hendersonville and Sumner County, follow @HvilleNews
Thursday, January 6, 2022
A Call to Action on Credit Bureau Reform
From NewsBreak:
On the heels of a report released by the Consumer Financial Protection Bureau (CFPB), advocates at the National Consumer Law Center (NCLC) are calling for major reform to the credit reporting industry.
“The CFPB is to be commended for issuing this report and shining a spotlight on the serious problems of the Big Three credit bureaus in responding to credit reporting disputes,” said Chi Chi Wu, staff attorney with NCLC. We appreciate the leadership of Commissioner Chopra and the efforts of the CFPB staffers who worked on the report. We endorse the CFPB’s conclusion that ‘The [credit bureaus’] responses to these complaints raise serious questions about whether they are unable — or unwilling — to comply with the law.’ And quite troubling is CFPB’s highlighting that the credit bureaus reported relief in response to less than 2% of covered complaints.”
For more on news impacting Hendersonville and Sumner County, follow @HvilleNews
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