Finance titan Wells Fargo admitted in regulatory filings this week that a software glitch had resulted in some 625 customers incorrectly being denied or not offered mortgage modifications, with approximately 400 of them subsequently losing their homes.
News of the glitch was first reported by Reuters, which noted it was just one facet of “numerous regulatory penalties, private lawsuits and remediation efforts” Wells Fargo is currently facing down including government probes involving multiple federal agencies into how it acquired low-income housing credits.
Read more at Gizmodo.
Earlier this year, my husband and I dropped a major debt we had been carrying around for years — our home mortgage. We decided many years ago that we wanted to be entirely debt-free by the age of 40, and we made it with a few years to spare, as we're both 38 now.
But, we didn't pay off our mortgage the traditional way. Instead of funneling cash via paper checks or online banking, we charged our mortgage payments to a credit card to earn rewards along the way.
Read more at CNBC.
As states across the country legalize marijuana, efforts to determine whether someone is too high to drive is becoming a thorny public health issue. From brain functioning analyses and phone apps to training police officers on looking for signs, Hari Sreenivasan reports from Massachusetts, the latest state to start opening marijuana dispensaries, on efforts to resolve the dilemma.
Read more at PBS News.
The Trump administration proposed on Thursday to rescind an Obama-era regulation that aimed to reduce greenhouse gas emissions by requiring automakers to design vehicles that would average 50 miles per gallon by 2025. The move pits the federal government against California, the country’s largest car market. The Wall Street Journal’s Timothy Puko joins Alison Stewart for more.
Read more at PBS News.
As the Trump administration grapples with cybersecurity concerns in the upcoming elections, it is also facing the loss of four top cybersecurity experts from the FBI. These exits could have a potentially long-term impact on strategy decisions for the division. POLITICO’s Eric Geller joins Alison Stewart for more.
Read more at PBS News.
Environmental groups were not going to be happy with anyone President Donald Trump picked for the Supreme Court. But the nomination of Judge Brett Kavanaugh has them especially worried.
A conservative who would replace the more moderate Justice Anthony Kennedy, Kavanaugh has a record of slapping back Environmental Protection Agency regulations during his 12 years as a federal appeals court judge.
Read more at Associated Press News.
A powerful earthquake struck the Indonesian tourist island of Lombok on Sunday, killing at least 82 people and shaking neighboring Bali, one week after another quake on Lombok killed more than a dozen.
The latest quake damaged buildings as far away as Denpasar on Bali, including a department store and the airport terminal, where ceiling panels were shaken loose, authorities said.
Read more at Associated Press News.
Authorities detained six people suspected of using explosives-laden drones in a failed bid to assassinate Venezuelan President Nicolas Maduro, officials said Sunday, in what one witness described as a terrifying attack that shook her apartment building.
The government alleged that opposition factions conspired with assailants in Miami and Bogota, although they offered no specific evidence. Opposition leaders decried Maduro for broadly singling out his political opponents, and they warned he may use it to further suppress his critics.
Read more at Associated Press News.
There are lots of good reasons that Munich is most commonly associated with beer and sausages. Oktoberfest is certainly one reason, and its hundreds of beer gardens are another, with people gathering there every day to spend time with friends and, well, drink beer and eat sausages.
But Munich is so much more. The capital of Bavaria, it’s a sophisticated center for art and history, it’s filled with luxury hotels, shops and Michelin-starred restaurants, and it’s actually a great place to get in touch with nature.
Read more at 10 Best.
“Global greening” sounds lovely, doesn’t it?
Plants need carbon dioxide to grow, and we are now emitting 40 billion tons of it into the atmosphere each year. A number of small studies have suggested that humans actually are contributing to an increase in photosynthesis across the globe.
Elliott Campbell, an environmental scientist at the University of California, Santa Cruz, and his colleagues last year published a study that put a number to it. Their conclusion: plants are now converting 31 percent more carbon dioxide into organic matter than they were before the Industrial Revolution.
Read more at The New York Times.