The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year.The rule, unveiled Thursday, would cap overdraft fees at $5 a substantial savings from the $35 that customers are typically charged. In total, households could save about $225 per year. Additional options for banks would allow them to either cap fees at amounts that just cover their costs or to treat an overdraft like any other loan by disclosing terms like interest rates.”For far too long, the largest banks have exploited a legal loophole that has drained billions of dollars from Americans’ deposit accounts,” Rohit Chopra, the bureau’s director, said in a press release. “The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they’re charging on overdraft loans.””Excessive overdraft fees have saddled hardworking Americans with charges that really add up, preventing them from getting ahead,” said Lael Brainard, head of the National Economic Council, in a statement. “That is real relief for families.”Banking trade groups are against the new rule, saying that the agency’s proposed rule could backfire. They have also cited development of next-day grace periods and the elimination of non-sufficient funds fees as just two ways banks have innovated and competed to serve consumers best in recent years.Consumer Bankers Association said in an open letter before Thursday’s announcement that the CFPB’s overdraft rulemaking is “an unlawful attempt at government price setting and will cause consumers to lose the freedom to choose a popular and helpful form of emergency liquidity.”The proposal was first announced in January as part of President Joe Biden’s crackdown on junk fees and attempt to bring about more transparency on charges including on airline tickets, live events, car rentals, hotels, banking services, retirement advice and credit cards.An overdraft fee is charged when the bank or credit union covers a deposit account holder’s transaction a payment, withdrawal, debit or transfer when there is not enough money in that account.Congress created the bureau in 2010 to protect consumers from financial scams. its future was hazy until the Supreme Court recently ruled that it could continue to operate, but while the new rule is set to take effect on October 1, 2025, there’s no guarantee it will the incoming Trump administration could overturn or alter it.
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OUTSIDE ITS OWN LOCATIONS. THE MOTHER OF FALLEN MILWAUKEE POLICE OFFICER PETER GERVING IS USING HER ARTISTIC TALENTS TO HELP POLICE RECRUITS. AS 12 NEWS MALLORY ANDERSON SHOWS US, PATTI GERVING HAS BEEN BUSY CROCHETING AFGHANS TO RAISE MONEY FOR THOSE NEW OFFICERS. A UNIQUE COMBINATION IS TAKING OVER THE MILWAUKEE POLICE ACADEMY. CROCHET AND COPS. IM TOO OLD TO BE A POLICE OFFICER AND SO I WANT TO DO WHAT I CAN, YOU KNOW, TO TO HELP HELP THEM OUT. PATTI IRVINGS SON PETER, WAS KILLED IN THE LINE OF DUTY IN FEBRUARY 2023. NOW SHES TURNING HER TRAGEDY INTO ACTION, CROCHETING THESE 21 AFGHANS WITH THE INTENTION OF IMPROVING A NEW OFFICERS LIFE. WHEN WE GOT BACK FROM WASHINGTON, DC, WHERE THEY ENGRAVED PETERS NAME ON THE NATIONAL FALLEN HEROES MONUMENT, I GOT DEPRESSED. YOU KNOW, ALL THE HONORS FOR PETER WAS OVER, AND I DIDNT KNOW WHAT TO DO WITH MYSELF. SO CROCHETING WAS ALWAYS A WAY FOR ME TO RELAX. SO I JUST STARTED MAKING THEM. AND WHEN I MADE SO MANY, I DIDNT KNOW WHAT TO DO WITH THEM. AND THEN I THOUGHT, WELL, MAYBE I COULD SELL THEM AND HELP OUT NEW COPS. PATTI SOLD HER AFGHANS AT THE POLICE ACADEMY WEDNESDAY. THE MONEY RAISED WILL GO TOWARD SCHOLARSHIPS FOR COLLEGE CREDITS. POLICE RECRUITS ARE REQUIRED TO OBTAIN. THE VERY FIRST ITEM TO SELL WAS THIS BLUE LINE AFGHAN. AND NOW PATTI SAYS SHE HAS A LINE OF PEOPLE WAITING TO GET ONE FOR THEMSELVES. IN JUST THE FIRST HOUR, SHE SOLD OVER $200 WORTH OF BLANKETS. SOME OF THEM SELLING FOR ABOUT 50 BUCKS EACH. ARE YOU GOING TO GIVE THAT TO YOUR MOM OR KEEP IT FOR YOURSELF? ILL GIVE IT TO HER, BUT SHES PROBABLY GOING TO ASK ME HOW MUCH IT WAS. IM LIKE, YOU KNOW WHAT? THATS NOT IMPORTANT. YOU KNOW? BUT WENT TO A GOOD CAUSE. THATS WHAT YOU CAN TELL HER. YOU JUST TELL HER. PATTI WANTS HER TO HAVE IT. YEAH, THATS EXACTLY WHAT I TELL HER. OKAY? ITS THE GIFT OF A WARM BLANKET FROM A MOM ON A MISSION AT THE MILWAUKEE POLICE ACADEMY. MALLORY ANDERSON WISN 12 NEWS. PATTI SOLD NINE AFGHANS, RAISING $705. BUT YOU C
A New Orleans businessman who was charged this week in a wide-ranging probe into staged accidents across the city made his first court appearance Wednesday. Sean Alfortish is facing one count of conspiracy to commit mail and wire fraud, three counts of obstruction of justice, and four counts of witness tampering.Federal Magistrate Judge Michael North reviewed Alfortish’s financial documents and granted a federal public offender to represent him. That person has not yet been chosen by the public defender’s office. He was handcuffed in court, wearing jeans and a blue dress shirt. No real action took place during the hearing Wednesday; however, he is expected to have a bond hearing and enter a plea in court on Friday. The FBI went to Alfortish’s home in Lake Vista early Monday to execute that arrest warrant, but Alfortish was not home.He turned himself over to authorities, and a judge ordered him to be held without bond in connection with the incident. Alfortish is engaged to Vanessa Motta, who is also indicted in the scheme along with her law firm. Jason Giles, one of the owners of the King Firm, was indicted as well. Motta and Giles are not expected to make their court appearances until January. More from the indictment: According to the indictment, Ryan J. Harris, also known as “Red,” conspired with Motto, Alfortish, Giles, and three others named Leon M. Parker, also known as “Chunky,” Diaminike F. Stalbert, Carl G. Morgan, and Timara N. Lawrence to defraud insurance companies and commercial vehicle companies through false wreck claims. The indictment claims Motta, Giles, and their firms knowingly pursued lawsuits for staged accidents.Giles and Alfortish, who is a disbarred attorney, worked with Motta by paying what the indictment calls “slammers,” or people who staged the accidents. Stalbert, Parker, and Morgan are described as “slammers.” Lawrence was in a relationship with Harris, and Morgan was a family member of Harris, according to the indictment. Parker was involved in at least three staged accidents, and Stalbert was involved in at least two. Morgan was involved in one staged wreck. The indictment claims Lawrence would provide stolen personal information to Harris as part of the scheme. Beginning in 2011, Damian Labeaud and Roderick Hickman began staging accidents for Giles, according to the indictment. Labeaud and Hickman are accused of working as slammers and spotters, helping find tractor-trailers to target for wrecks. They would also refer people involved in the wrecks to Giles law firm, the King Firm. The indictment accuses Giles of paying both $1,000 per passenger in the collisions. To conceal their payments, the checks were often made out as loans or advances on future settlements.In 2017, another slammer introduced Cornelius Garrison to the scheme by training him to stage accidents, according to the indictment. Garrison was then introduced to Alfortish, who is described as playing “an active role” in staging accidents for Motta’s law firm. The indictment claims Garrison would direct passengers to Alfortish and Motta’s law firm. Harris eventually began working with Garrison to stage accidents. At some point, the two stopped working together, and Harris began staging accidents for other people. Garrison began covertly working with the federal government in 2019 regarding the wrecks. Motta and Alfortish are accused of offering Garrison money to move out of the United States if he would stop cooperating with the federal government. Garrison received a subpoena for a deposition in the case. The indictment claims Harris, Alfortish, Motta, and her firm conspired to stop Harris from participating in the deposition. Harris is accused of killing Garrison before he was able to testify in the probe. Alfortish is facing one count of conspiracy to commit mail and wire fraud, three counts of obstruction of justice, and four counts of witness tampering. Motta is facing one count of conspiracy to commit mail and wire fraud, three counts of obstruction of justice, and four counts of witness tampering. Her firm is also facing the same charges. Giles faces one count of conspiracy to commit wire fraud, two counts of mail fraud, five counts of obstruction of justice, and six counts of witness tampering. His firm also faces the same counts. WDSU has reached out to the attorneys representing Giles, Motta, and Alfortish. All are aware of the indictment against their clients. Motta’s attorney, Sean Toomey a partner at New Orleans based law firm Liskow & Lewis, issued the following statement regarding the allegations: “Vanessa Motta is completely innocent of any wrongdoing. The governments theory that a lawyer barely a year out of law school decided to participate in a sprawling conspiracy is terribly mistaken. If these accidents were in fact staged, my client was also a victim and taken advantage by others. Over the last five years Vanessa has been unjustly vilified in the press and so while we strongly believe this indictment is misguided, we are looking forward to the trial of this case where Vanessa will finally be vindicated.” At the time of this publication, responses had not yet been received from Giles and Alfortish’s attorneys. About the scheme: Motta represented two clients who have pleaded guilty to federal crimes, admitting to staging wrecks with tractor-trailers in New Orleans and then filing fraudulent insurance claims saying they were injured when they werent and that the wreck was not their fault when it was.Alfortish is a disbarred lawyer who served jail time over a decade ago after pleading to unrelated fraud charges.Sources say the two are implicated in the death of a federal witness who was executed in 2020. To date, neither have been charged with any crimes. Cornelius Garrison was gunned down in Gentilly in 2020, just days after he was charged with federal crimes for being a go-between for lawyers and those driving the vehicles used in the staged wrecks.Garrison was cooperating with the FBI and Department of Justice on this matter.In May, WDSU Investigates broke the story of the arrest of two people in the murder case.Ryan Harris, who is accused of killing Garrison, was arrested with his girlfriend, Jovana Gardner. Gardner cut a deal days after the arrest.The case had been cold for almost four years.In open court in May, at a hearing for Harris, the FBI said that he had documents at his home linking him to Motta’s law firm.The feds say Garrison was shot 10 times. All 10 shell casings were found at the scene.Pictures of his body were also shown in open court.Garrison, along with Gardner and Harris, were involved in “Operation Sideswipe.”That’s the name of the wide-ranging federal investigation into staged wrecks in New Orleans.The FBI said in open court that the probe started in early 2019, just months after WDSU Investigates first reported on how wrecks were being staged in New Orleans and how local lawyers cried foul on how suspect insurance claims were being filed.According to the lead FBI agent, who testified at the May detention hearing, Gardner and Harris were in a relationship and share a child together.The FBI says the two would work with Garrison, helping to stage wrecks and then work to file false insurance claims.The FBI agent who testified in May told the court that in the fall of 2019, Garrison started working with the feds as a cooperating witness.He admitted that he was providing information on cases, including one involving Harris.Garrison was charged in 2020 and, days later, was killed.The FBI said Harris is on video buying a cell phone at a Family Dollar.They say that the cell phone was purchased one day before Garrison was killed, and it was used to send messages and make calls to him hours before he was killed.One call was made just two minutes before Garrison’s mother called 911, reporting his shooting death.Federal prosecutors showed a picture of Harris in court buying the cell phone.They say the phone used then went dead after Garrison was murdered.Gardner was in court, wearing a navy blue prison jumpsuit.Several family members attended the court hearing, and all declined to comment afterward.This case is set to go to trial in January but is expected to be delayed. Almost 50 people have pleaded guilty in connection with the staged wrecks. The federal probe was launched months after WDSU’s initial report on this matter in 2018 and led to state lawmakers enhancing laws to protect tractor-trailer drivers in the state.
PARIS, Dec. 11, 2024 /PRNewswire/ — Sopra Steria, a major player in the European tech sector, strengthens its commitment to combating climate change. The Group announces its support for two