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California expands financial protections after US rollback | St. Louis business news

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SACRAMENTO, Calif. (AP) — California on Friday created what supporters call its own nation-leading, state-level version of the federal Consumer Financial Protection Bureau after critics said the Trump administration significantly weakened national protections.

The legislation that Gov. Gavin Newsom signed into law changes the existing Department of Business Oversight into the Department of Financial Protection and Innovation in what proponents said is the first such move by any state.

The current department regulates a significant part of the financial services industry, including banks and credit unions. But the expanded version will add oversight authority over debt collectors, debt settlement, credit repair and check cashing services, consumer credit reporting, retail sales financing and rent-to-own contracts.

“We need the state to lead as the federal government is pulling away from financial protection,” Newsom said.

Proponents said the change will boost consumer protections by expanding the department’s ability to require accountability and transparency in the state’s financial system while increasing equal access to affordable credit.

Richard Cordray, who was the federal bureau’s first director under former President Barack Obama from 2012 to 2017, said he and other consumer advocates began pushing for such state-level agencies after the Trump administration backtracked on the federal protections put in place after the Great Recession of 2008.

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Debt Consolidation Market Analysis 2020 Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast Till 2026

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Debt Consolidation

A recent market research report added to repository of Credible Markets is an in-depth analysis of Global Debt Consolidation Market. On the basis of historic growth analysis and current scenario of Debt Consolidation market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Debt Consolidation market. This further helps users with their developmental strategy.

This report examines all the key factors influencing growth of global Debt Consolidation market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Debt Consolidation market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

For Better Understanding, Download FREE Sample Copy of Debt Consolidation Market Report @ https://www.crediblemarkets.com/sample-request/debt-consolidation-market-832572

Data presented in global Debt Consolidation market report allows users to realize their market entry potential and devise fruitful developmental strategies to fulfill their business goals. A report sample can be requested to view the report outline before you actually purchase it.

Key players in the global Debt Consolidation market covered in Chapter 4:

Mozo
Canstar
Credit Repair Australia
Australian Debt Agreements
Think Money
Debt Negotiators
The DCS Group has
Debt Cutter
Sort My Debt
Clear Credit Solutions
Australian Debt Solvers
Australian Lending Center

In Chapter 11 and 13.3, on the basis of types, the Debt Consolidation market from 2015 to 2026 is primarily split into:

Credit Card Debt
Overdrafts or Loans
Others

In Chapter 12 and 13.4, on the basis of applications, the Debt Consolidation market from 2015 to 2026 covers:

Enterprise
Private

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2026) of the following regions: 

United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World

Debt Consolidation

Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert @ https://www.crediblemarkets.com/enquire-request/debt-consolidation-market-832572 

Some Points from Table of Content

Global Debt Consolidation Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026

Chapter 1 Report Overview

Chapter 2 Global Market Growth Trends

Chapter 3 Value Chain of Debt Consolidation Market

Chapter 4 Players Profiles

Chapter 5 Global Debt Consolidation Market Analysis by Regions

Chapter 6 North America Debt Consolidation Market Analysis by Countries

Chapter 7 Europe Debt Consolidation Market Analysis by Countries

Chapter 8 Asia-Pacific Debt Consolidation Market Analysis by Countries

Chapter 9 Middle East and Africa Debt Consolidation Market Analysis by Countries

Chapter 10 South America Debt Consolidation Market Analysis by Countries

Chapter 11 Global Debt Consolidation Market Segment by Types

Chapter 12 Global Debt Consolidation Market Segment by Applications

Chapter 13 Debt Consolidation Market Forecast by Regions (2020-2026)

13.1 Global Debt Consolidation Sales, Revenue and Growth Rate (2020-2026)

13.2 Debt Consolidation Market Forecast by Regions (2020-2026)

13.2.1 North America Debt Consolidation Market Forecast (2020-2026)

13.2.2 Europe Debt Consolidation Market Forecast (2020-2026)

13.2.3 Asia-Pacific Debt Consolidation Market Forecast (2020-2026)

13.2.4 Middle East and Africa Debt Consolidation Market Forecast (2020-2026)

13.2.5 South America Debt Consolidation Market Forecast (2020-2026)

13.3 Debt Consolidation Market Forecast by Types (2020-2026)

13.4 Debt Consolidation Market Forecast by Applications (2020-2026)

13.5 Debt Consolidation Market Forecast Under COVID-19

Chapter 14 Appendix

Direct Purchase Debt Consolidation Market Research Report Now @ https://www.crediblemarkets.com/reports/purchase/debt-consolidation-market-832572?license_type=single_user

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.

• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Impact of Covid-19 in Debt Consolidation MarketSince the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Debt Consolidation market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future. 

Browse the Short Summary & TOC of the Report @ https://www.crediblemarkets.com/reports/debt-consolidation-market-832572

Contact Us

Credible Markets Analytics

99 Wall Street 2124 New York, NY 10005

US Contact No: +1(929)-450-2887

Email: [email protected]

 

Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

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Nearly $5,000 for NeighborWorks Community Partners Niagara Falls

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Wed, Oct 21st 2020 12:40 pm

Federal funding supports homebuyer education, counseling & assistance

Congressman Brian Higgins announced NeighborWorks Community Partners Niagara Falls will receive a $4,977 grant through the U.S. Department of Housing and Urban Development’s Housing Counseling program.

Higgins said, “Buying or renting a home is a complex process that involves planning, navigating banks and interpreting legal documents. This federal funding will support NeighborWorks’ mission of educating Niagara Falls tenants and homebuyers so they can understand their rights and opportunities to make better informed decisions.”

The federal funding will support the work of NeighborWorks Community Partners Niagara Falls as it provides Niagara Falls residents with a variety of homeownership resources related to buying, repairing or keeping a home. Services include: homebuying education, financial literacy, credit repair assistance and home energy assessment.

Founded in 1979 as Niagara Falls Neighborhood Housing Services, in 2016 the Niagara Falls agency joined Rochester, Black Rock-Riverside, and West Side Neighborhood Housing programs under the NeighborWorks umbrella. Together, they have assisted thousands of Western New Yorkers.

In June, Higgins announced nearly $15,000 for NeighborWorks Community Partners Niagara Falls to assist with homebuyer education, counseling and assistance.

For more information on the services available through NeighborWorks Community Partners – Niagara Falls, visit www.nwcpniagarafalls.org/services/.

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A company turns millions in profits bringing call-center jobs to Black communities

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Taylor Pride considered a viable job opportunity in her distressed Dallas neighborhood “too good to be true.”

It did not make sense to her that a company would set up a call center in the nearly desolate former Red Bird Mall (now Southwest Center Mall), and employ 500 residents from the community.

Pride, 26 and a mother of four, said she was skeptical of a company coming to an area that had been written off and labeled as having “no future.” But, she said, Chime Solutions paid a respectable wage and “took off the gloves, dug down in the dirt and said, ‘Hey, we’re going to pull y’all out of this.’”

“They could have gone anywhere with their business,” she said. “But they came here because these are the people who need the most help.”

Pride, who was hired by the company, is one of several that crystalize the ideals of Chime Solutions, a Black-owned company that provides outsourcing services for small businesses as well as some Fortune 500 companies.

Taylor Pride said her life has changed since joining Chime Solutions in Dallas.Courtesy Chime Solutions, Inc.

It is the brainchild of president and CEO Mark Wilson, who has more than 25 years of success in business information and call center services. He also led and eventually acquired eVerifile, an online contractor screening company.

“Our primary focus is to address the issue of economic mobility, creating opportunities in underresourced communities,” Wilson said.

To achieve that, Wilson set a goal of creating 10,000 jobs across 10 cities — all in communities with a significant Black population. Based in metro Atlanta, he started his mission by using the former J.C. Penney space at Southlake Mall, just outside the city, to open a 115,000 square-foot, state-of-the-art call center.

Chime employs 1,500 people there, an overwhelming number of them Black and most from Clayton County, where the company had been expected to generate about $87 million in sales per year in 2016. The site also creates another 300 indirect jobs and benefits neighboring businesses, too, according to a University of Georgia economist who analyzed Chime’s economic impact for The Atlanta Journal-Constitution.

“Southlake Mall was going to fail,” Omar Hawk, Chime’s vice president of operations in Georgia, said. “Now, the mall is thriving. Chime’s presence has revitalized that area.”

Shelly Wilson is a microbiologist-turned Chime COO as well as Mark Wilson’s wife. The couple started a customer service and outsourcing business, RYLA Teleservices, out of the basement of their home and eventually sold the business in 2010 for a reported $70 million. With Chime, their goal is to bring jobs to Black communities.

“There is so much talent that gets left behind,” Wilson added. “In Clayton County, for instance, there’s no public transportation to speak of, no industry. So our thought was to bring the jobs to the people.”

The economic hardship brought on by the coronavirus pandemic has also had an outsize effect on Black Americans, particularly women. He said a predominant number of Chime workers are single mothers who have been devastated by job losses during the COVID-19 economic crush.

The model is the same in Dallas and Charlotte, North Carolina, where Wilson recently employed 250 workers in an underserved community, with plans for more hires. Next up are Baltimore and Detroit, he said. Five other cities will be added over time, with the goal of 1,000 jobs created per city for those living in underserved communities.

“There is a lot to what we are trying to accomplish,” Wilson said. “We’re doing business as a Black-owned company, creating jobs for Blacks. Using the multiplier effect, meaning for every job you create, another is created. And it is money spent in the community.”

He added that one of the company’s goals is to help “eat away” at systemic income and wealth gaps. According to the Institute for Policy Studies, a progressive think tank, the median Black family, with slightly over $3,500, owns just 2 percent of the wealth of the median white family, with $147,000.

Hawk began working with Wilson as a customer service representative with RYLA after graduating from Morehouse College in 2001. He worked his way up to an executive level, a fact that Hawk said makes their model special for employees.

“The passion of helping people is attractive,” Hawk said. “With Chime, as time grows, you have a chance to grow. They want you to have a career here, not just a job at a call center.”

The plan has worked for Jennifer Blackmon. She was employed at Zaxby’s, the fast-foot chain, when she spotted a Chime employee wearing the company lanyard at the drive-thru.

Blackmon, now a quality manager at the Atlanta-area location, said she has been impressed with an office culture that encourages a family feel, even as they have been working remotely through the pandemic.

“I knocked on Mr. Wilson’s door one day and brought my credit report to him,” she said. “I asked, ‘You think I could buy a house?’ He told me I could, but there were some things I needed to work on.”

From that conversation, Wilson created home-buying and credit repair seminars for his employees.

“I took those classes, worked on those things and here I am, one-and-a half years later, a homeowner,” Blackmon said.

Mason Parker of Charlotte had been out of work six months and searching for a job that would allow him an opportunity to advance. He learned of a job fair that was so “nondescript,” he said, that he almost passed on attending.

“It was in a back room of Dave and Buster’s in Concord Mills Mall,” Parker, 35, said, laughing.

Chime Solutions recruiters piqued his interest though, with its focus on bringing jobs to those in need, he said. “When I learned of their mission of doing for the community, I was sold,” Parker said. “And the fact that it was a Black company resonated with me.”

Parker started out as a call center representative and in 11 months was promoted to service delivery manager. “My job search had been unrewarding,” he said. “But Chime has allowed me upward mobility, which I wanted. And I don’t have to manage who I am on the job the way you have to do, as Blacks, on other jobs. One day I ended a phone conservation saying, ‘That’s dope.’ And no one said anything. That was so refreshing.

“I am allowed to let my personality shine and it’s embraced and appreciated. You don’t get that everywhere and almost nowhere.”

Looking to the future, Wilson, a graduate of Wilberforce University in Ohio, the nation’s oldest private historically Black college, set up a co-op program at his alma mater, the Emerging Leaders Chime Solutions Co-Op Experience. Selected students will work with a leading health care provider in an innovative learning environment.

“The one thing I can say is that everyone is learning,” Michael Beasley, a Wilberforce student who is in the co-op program, said. “Learning how to be more professional, more serious. It’s pretty special that someone who walked on this same campus has committed to helping others who are walking in his footsteps.”

The 16 students in the program this semester earn a salary, and receive a scholarship, academic credits and housing near the campus’ Center for Entrepreneurship. The participants who complete the semester-long co-op are eligible for employment at Chime Solutions after graduation.

“It’s the kind of initiative we’ve been waiting on, but no one had done,” Beasley said. “He (Wilson) is acting. You can tell people what to do and you can show them. This program is showing us, which makes it special.”

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