NZ houses overvalued by 25pc – IMF
New Zealand housing is already overvalued by about 25 per cent and if it continues to rise may force the Reserve Bank to hike interest rates, according to the International Monetary Fund.
Property in New Zealand has become less affordable in the past two decades with the median house price at about 4 ½ times income, some 20 per cent higher than the average of the past 30 years, the IMF said in its annual report on the nation.
How to pick a bankruptcy attorney
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2 creditors approve conditional sale of bankrupt Golden Guernsey
Bankrupt Golden Guernsey Dairy LLC has received support for the sale of its assets by its two major creditors; however, this support is largely contingent on whether the creditors can recover the debts they are owed by the company.
The proposed sale of bankrupt Golden Guernsey Dairy LLC, which filed for Chapter 7 bankruptcy, has the support of Accord Financial of Greenville, S.C., and Baraboo-based Foremost Farms USA if they are paid from the proceeds of the sale. However, because Golden Guernsey owes nearly $7.9 million to Accord Financial and $1.8 million to Foremost Farms, the current bid for $5.5 million made by Ohio-based LEL Operating Company is not enough to cover all the debts.
The purchase agreement for LEL includes company assets, Golden Guernsey Dairy LLCs property, and their intellectual property rights.
A bankruptcy auction will be held on May 14 if there are at least 2 qualified bidders, while a purchase hearing is set for June 4th.
Filing for bankruptcy and dealing with the aftermath is often complicated.
The gotcha-cha gives way to a new step
Simple.Transparent.
Of all the words you could use to describe credit cards, these are two that you probably wouldn’t. But that may be changing.
I’m not suggesting that issuing banks have sworn off their tricks entirely, like a reformed sinner at a tent revival. The Credit CARD Act of 2009 rolled back only the most egregious “gotcha” moments. Calls for more consumer protection are bulging from a regulatory comment file, as card users still find plenty of practices they can shake a finger at.
But there are examples of cards embracing simplicity and transparency without regulatory prodding, even when it costs them some quick fees.
A prime example is Barclaycard’s Ring, which reached its first birthday in April. [...]
CFPB Chief Touts Success, Congress Still Not Happy
These actions will serve as a warning signal for anyone who seeks to profit by deceiving or misleading consumers,
said CFPB Director Richard Cordray, who provided prepared testimony to the Senate Banking Committee earlier this week. It was all part of his report to Congress and by any standards, the accomplishments of this still-in-its-infancy consumer watchdog group, are more than impressive. So why are some members of Congress acting like spoiled brats? Worse, why are there those in some committees who refuse to even acknowledge the works by Cordray and CFPB?
Earlier this week, the government consumer watchdog group was prepared to tell Congress of its many accomplishments over the past several months.