Author: Admin

California employees owe state US$13.3 million in unpaid loans

Sunday, April 24, 2011 The California Controller’s office reports that eleven state agencies have given US$13.3 million in pay and travel advances that have not been collected. Governor Jerry Brown issued an executive order to recover uncollected loans by the agencies. A press release from the governor’s office states, “The Governor’s Executive Order seeks to…

US Senate committee investigates credit card practices

Wednesday, December 5, 2007 On Tuesday, the United States Senate Committee on Homeland Security and Governmental Affairs‘s Permanent Subcommittee on Investigations held a hearing titled “Credit Card Practices: Unfair Interest Rate Increases.” The hearing examined the circumstances under which credit card issuers may increase the interest rates of cardholders who are in compliance with the…

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