Monday, February 20, 2017
Governor Terry McAuliffe
House Bill 1582 reflects an incomplete understanding of weapons qualification practices within our military and is an unwarranted expansion in the number of people allowed to carry handguns in the Commonwealth. It would do nothing to protect the safety of our citizens.
It would allow any person 18 years of age or older and on active military duty or honorably discharged from the United States Armed Forces or the Virginia National Guard who has completed basic training to apply for a concealed handgun permit.
Contrary to the assumption of House Bill 1582, weapons familiarization training as a component of an individual’s military basic training does not qualify that
Tuesday, September 1, 2009
New federal consumer protections for credit cards and mortgages — including prohibitions against abusive lending practices and requirements for clearer, more timely disclosures — will help people avoid surprises. The Summer 2009 issue of FDIC Consumer News from the Federal Deposit Insurance Corporation features key changes in the rules and what they mean for the public.
The protections for credit cards are the result of a new law passed in May that is intended to help shield consumers from abusive fees, penalties, interest rate increases and other unwarranted changes in account terms. Most of the provisions start next year, but some took effect August 20, 2009, including a requirement that card issuers must generally provide a 45-day advance notice of a rate increase or other significant changes in account terms, up from 15 days. The expanded notice period should give consumers more time to react to rate increases or other adverse account changes.
As for mortgages, the new rules feature prohibitions by the Federal Reserve Board against a variety of unfair or deceptive lending practices involving loans made on or after October 1, 2009. Some of the Fed’s rules apply to all home mortgages except for home equity lines of credit, and they include prohibitions against inaccurate appraisals (to prevent a consumer from overpaying for a home or borrowing too much) and the unfair handling of loan payments (to avoid unnecessary fees). Other parts of the Fed’s rules protect subprime borrowers obtaining high-cost mortgages. More broadly, there are new requirements from the Fed and the U.S. Department of Housing and Urban Development for early disclosures of mortgage terms and costs.
Posted By Valerie Garner
Tags: budget, economy