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first_img SHARE Email Facebook Twitter Governor Wolf Announces Consumer Financial Protection Initiative November 12, 2015center_img Economy,  Efficiency,  Government That Works,  Press Release,  Results,  Seniors Harrisburg, PA – Today, at the opening of the Ann B. Barshinger Financial Empowerment Center, Governor Wolf announced a consumer financial protection initiative.“Today, I am announcing the administration’s Consumer Financial Protection Initiative in order to educate the public about financial protection and best practices in a concise, efficient way,” said Governor Wolf.Secretary Robin Wiessmann began consolidating roles and breaking down institutional silos within the Department of Banking and Securities, looked at new ways to get things done, and developed new and more effective ways to meet consumer needs for financial education.During this process, Brian LaForme who is the director of the Department of Banking and Securities outreach program, took office and staff from within the department, consolidated and integrated their work into a new “Financial Services for Consumers and Business” division.The initiative, which is part of Governor Wolf’s “Government that Works” tour, has four goals.The first goal is to help protect consumers from illegal, “easy money” types of lending from out-of-state companies. These predatory loans, which are heavily advertised on the Internet, might seem appealing during the cash crunch of the holidays, but they can create huge financial hangovers for the borrower in the new year.Working cooperatively with PennDOT, the Department of Banking and Securities will shortly begin sharing information from trusted sources with consumers who are at risk of losing their cars to companies offering “easy money” loans using car titles as collateral.Secondly, this initiative will help health care and legal professionals identify signs of elder financial abuse and prevent this crime. As our commonwealth population grows older, more of our senior citizens are at risk of having their hard-earned retirement savings stolen.Working with the Investor Protection Trust and the Department of Aging, the Department of Banking and Securities will be stepping up efforts to reach the professional communities our seniors most depend upon with information and resources to help them better cope with this threat to our community of senior citizens.The third goal is working to find new ways to help working adults save for their retirements. Not enough people in this country currently facing retirement have saved enough money to have the kind of retirement they want.The Department of Banking and Securities is working on creating awareness of existing tools that working adults can use to create the kind of nest eggs they need. The department is also looking for and studying new approaches for consumers to ensure their financial futures in retirement.Finally, this initiative works to establish a state government interagency financial education exchange for consumers. More than a dozen Pennsylvania state agencies offer some form of financial education and consumer outreach. Until now, these agencies have not shared information with each other about what services they offer consumers or even what information they share with consumers.This exchange will help ensure that state agencies work in a coordinated fashion. For instance, if you call the Banking Department on an issue actually related to, say, insurance or unemployment compensation or taxes, you will actually get referred to the right agency that can answer your question. This exchange will help ensure that state agencies will not distribute potentially conflicting information with consumers.This exchange is working to create a portal of information from trusted sources — a “one-stop shop” for help on financial services and products.Earlier this year on the “Government that Works” tour, Governor Wolf gave remarks at the opening of Hulton Bridge, signed an executive order designed to correct the course of the Commonwealth with respect to state contracting opportunities for small diverse businesses, announced a plan to enhance the health insurance coverage available to all Pennsylvania children enrolled in the Children’s Health Insurance Program (CHIP) and instituted online voter registration.# # #Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolflast_img read more

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first_imgThe financial sector has responded with relief to the outcome of the Dutch elections, with the liberal VVD party of prime minister Mark Rutte the clear winner.Geert Wilders’s populist Freedom Party, PVV, gained less than expected.VVD’s current coalition partner, the labour party PvdA, has largely collapsed – dropping 29 seats to 9. This opens the way to a new centre-right government under Rutte, likely to be supported by the Christian democrats, CDA, and the liberal democrat party D66.“If this is the case, it won’t impact our view on European financial markets,” commented Lukas Daalder, chief investment officer of asset manager Robeco. “If Rutte can continue as prime minister, Dutch politics would be a source of stability, rather than disruption.” The euro rose and spreads in euro-denominated bonds declined on the back of the election outcome, Daalder said. He noted, however, that yesterday’s rate hike from the US Federal Reserve may have been the dominant cause.Anna Stupnytska, global economist at Fidelity International, described the election result as “good news”.However, she warned that a long negotiating period for a new coalition government was likely, “which would not be helpful for a Greek bailout review”, which is ongoing.A new government coalition would need at least one smaller party – in addition to VVD, CDA, and D66 – for a majority.The most likely candidates are the small religious right party CU, which won five seats, and the green-left party GroenLinks, which more than tripled its number of seats to 14. Although tough climate measures are a key element in GroenLinks’s manifesto, it hasn’t excluded co-operation with the VVD.Ruth van de Belt, senior investment strategist at Kempen Capital Management, concluded that the election result gave investors breathing space ahead of the presidential elections in France. She said Kempen expected Le Pen to lose from Macron in the second round, and also indicated that the asset manager didn’t anticipate early elections in Italy.“With the cloud of uncertainty lifting, this makes European equities very attractive,” Van de Belt added.Antoine Lesné, EMEA head of exchange-traded funds strategy at State Street Global Advisors, said French government bond spreads might tighten a bit, as the Dutch election was seen as a temperature check for the French elections, which start next month.Columbia Threadneedle Investments, however, was more cautious and pointed at the increased fragmentation of the political landscape, and the fact that Geert Wilders – who gained 20 seats in the 150-strong lower house – will remain as a critical opposition voice.Pension managers APG and PGGM, as well as pension funds ABP and BpfBOUW, declined to comment on the election result.last_img read more

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first_imgTHE DIRECTOR of Public Prosecutions is considering whether or not to bring charges in the case of Denis Donaldson, the former IRA and Sinn Fein shot dead by dissident terrorists in Donegal more than six years ago.The former senior Sinn Fein official had confessed to spying for police Special Branch and secret service MI5 just months before he was killed.Donaldson, 56, was murdered in his remote home at Classey, Cloghercor, outside Glenties on April 4th 2006. He had been operating as a British spy for 20 years and was shot four times in the chest, face, arm and hand in a rented cottage.Although there have been three arrests relating to Donaldson’s brutal murder, nobody has ever been charged in connection with it.Two were arrested in Donegal and a third man – a leading dissident – in Derry.Supt Michael Finan told an inquest in Letterkenny today that a file on the Donaldson killing had been submitted to the DPP.Further information had been sought by the DPP and given to him by Gardai, he said.The case was adjourned until September at which point Coroner Denis McCauley said he hoped to be in a position to have a pre-case hearing, if there weren’t any charges brought.Witness statements in the case were handed in by a state solicitor to the coroner today.The family’s solicitor Ciaran Shiels told Mr McCauley that they “took some comfort” from the terms of reference in which a future inquest would take place.This would include an examination of Mr Donaldson’s life whilst living in the North as well as information on all who met him in the days before his death in the Co Donegal cottage.DPP CONSIDERING CHARGES IN DONALDSON MURDER, INQUEST HEARS was last modified: March 21st, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DPP CONSIDERING CHARGES IN DONALDSON MURDERINQUEST HEARSlast_img read more

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