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#loans

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I'm not a fan of #stockmarket #economics.

That said, the #BondMarket is a different animal entirely.

#China is experimenting how much they can rock the boat without swamping it, using just that.

Trump may be incapable of playing 3D chess, but you can bet there's an #AI modeling his future already.

They have him where they want him, now all they need do is wait.

Do you have fixed-rate #loans or #mortages, or your #creditcardAPR is near the upper limit?

Buy #survival goods now. On credit.

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@cdarwin and yes, with #BuyBorrowDie the ultra-wealthy can basically skirt any #taxation as #Musk and #Bezos merely take their #shares as #collateral and by the time they're due to pay their #loans they've already gotten new shares and they just get the taxes on selling off shares written up against the "debt" incured.

  • Just like their corporations legally avoid any #CorporateTaxes by pulling accounting tricks to claim they ain't profitable, they too avoid #IncomeTax or anything else that would offset the #harm they cause to society.

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This Lender Said Its Loans Would Help Tennesseans. It Has Sued More Than 110,000 of Them.

The Flex Loan, a type of payday loan pioneered by Advance Financial, has burdened low-income borrowers while generating huge profits for lenders. Tennessee lawmakers declined to rein in the lending business, even as other states did.
propublica.org/article/flex-lo

ProPublicaThis Lender Said Its Loans Would Help Tennesseans. It Has Sued More Than 110,000 of Them.
More from ProPublica
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To a person, these experts are alarmed about the possibilities for harm, graft, & abuse. Today, they argued, #Trump is targeting #LawFirms, but #DOGE #data could allow him to target individual Americans at scale. For instance, they described how the govt…is…a #debt collector on all kinds of federal #loans. Those who struggle to repay…could be punished beyond what’s possible now, by having professional licenses revoked or…wages or bank accounts frozen.

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State by State Pending and recently passed #AntiProtestLaws: #Minnesota

SF 1501: Heightened penalties for protesters who block #traffic

Would heighten penalties for protesters who intentionally “interfere with” or “disrupt” traffic that is entering, exiting, or on a freeway or a roadway on airport property. Under the bill, intentional traffic disruption on freeways or airport roadways would be a gross misdemeanor, punishable by up to one year in jail and a $3,000 fine. The relevant provisions are identical to HF 329 / SF 728.
Full text of bill: revisor.mn.gov/bills/bill.php?

Status: pending
Introduced 17 Feb 2025.
Issue(s): #Traffic =Interference

SF 1363: New penalties for pipeline protesters and supporters, and protesters who block traffic

Would create new civil and criminal liability for funders and supporters of protesters who peacefully demonstrate on pipeline or other utility property. Any person or entity that "recruits, trains, aids, advises, hires, counsels, or conspires with" a person who trespasses onto a “critical public service facility, utility, or pipeline” would be civilly liable for any damages committed by the trespasser under the bill. They would also be guilty of a gross misdemeanor, punishable by a fine of up to $3,000, if they fail to make a reasonable effort to prevent the violation. Additionally, the bill would make the person who trespasses onto the critical public service facility, utility, or pipeline strictly liable for civil damages. Similar provisions were introduced as SF 1493 in the 2023-2024 session. The bill would also make it a gross misdemeanor to obstruct traffic on a freeway or on a public road within airport property, with intent of obstructing or otherwise interfering with traffic. As written, the offense could cover protesters who even momentarily delayed cars on a freeway while demonstrating on the side of the freeway or on an overpass. Similar provisions were introduced as SF 1285/HF 1967 in the 2021-2022 session.
Full text of bill: revisor.mn.gov/bills/bill.php?

Status: pending
Introduced 13 Feb 2025.
Issue(s): Civil Liability, #ProtestSupporters or Funders, Infrastructure, Traffic Interference, Trespass

HF 329 / SF 728: Heightened penalties for protesters who block traffic

Would heighten penalties for protesters who intentionally “interfere with” or “disrupt” traffic that is entering, exiting, or on a freeway or a roadway on airport property. Under the bill, intentional traffic disruption on freeways or airport roadways would be a gross misdemeanor, punishable by up to one year in jail and a $3,000 fine. A nearly identical bill was proposed as HF 1967 / SF 1285, introduced in 2021.
Full text of bill: revisor.mn.gov/bills/bill.php?

Status: pending
Introduced 13 Feb 2025.
Issue(s): Traffic Interference

HF 367 / SF 180: New civil liability for street protesters

Would allow third parties or the government to sue protesters if they interfere with traffic on certain public roads. Under the bill, someone who intentionally “interferes with” or “obstructs” passage on any “public highway” would be civilly liable for damages and attorneys fees. Any injured person, private entity, or state or local government could bring such a lawsuit, though the bill provides that the government cannot bring both a civil suit and criminal charges for the same conduct. “Highways” in Minnesota include many two-lane roads with stop signs and stoplights. As such, protesters whose demonstration paused or delayed traffic on certain roads could face costly litigation by, for instance, a company that claimed it was “damaged” by the delay.
Full text of bill:
revisor.mn.gov/bills/bill.php?

Status: pending
Introduced 13 Feb 2025.
Issue(s): Traffic Interference

SF 708: BARRING PUBLIC BENEFITS FOR PROTEST-RELATED OFFENSES

Would broadly disqualify a person convicted of an offense during a protest from receiving #PublicAssistance. Any "offense related to the person's illegal conduct at a protest, demonstration, rally, civil unrest, or march" would disqualify the person from a range of benefits, including #FoodAssistance, education #loans and grants, and #unemployment assistance. Under the bill, a person convicted of even a misdemeanor that is deemed somehow "related" to their participation in a peaceful protest could face permanent disqualification from such benefits. The same bill was introduced as SF 935 in 2023.
Full text of bill: revisor.mn.gov/bills/bill.php?

Status: pending
Introduced 27 Jan 2025.
Issue(s): Limit on Public Benefits

SF 702 / HF 2808: New civil immunity for drivers who hit protesters

Would shield from civil lawsuits drivers who hit street protesters in certain situations. The bill provides that anyone who unlawfully obstructs a roadway cannot sue a driver for any injury, loss, death or damage they suffered if the driver was seeking to “retreat or escape” from the roadway obstruction and believed they were in immediate danger of injury. An identical bill was introduced as SF 5500 in 2024.
Full text of bill: revisor.mn.gov/bills/bill.php?

Status: pending
Introduced 27 Jan 2025.
Issue(s): Driver Immunity

#FirstAmendment #CriminalizingDissent
#Authoritarianism #Fascism #Clampdown #CriminalizingProtest
#CharacteristicsOfFascism #USPol #AntiProtestLaws #PipelineProtests #HeatherHeyer #UniteTheRight #DrivingDownProtestors

www.revisor.mn.govSF 1501 Status in the Senate for the 94th Legislature (2025 - 2026)
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…The case began in 2020 when the #CFPB accused Townstone of #redlining & breaking fair-lending laws by discouraging residents living in majority-#Black neighborhoods from applying for its #housing #loans. It homed in on comments made during the company’s radio show & podcast, “The Townstone Financial Show,” saying they were intended to rebuff Black borrowers or those seeking to buy homes in certain neighborhoods.

Found this on a Discord...

If you need to move from a #redState to a #blueState because you are #trans or #nonBinary, etc. these folks are offering interest-free #loans.

Keshet-HFLS “Move to Thrive” Interest-Free Loan Program

Applicants do not have to be Jewish and can be moving from any state in the U.S. to any state in the U.S. (but not outside of the country).

To qualify, applicants must meet the following requirements:

- Have plans to move to a different state within three months of receiving an HFLS loan and be able to submit documentation of their move OR plan to move no later than six months from the time they receive the loan.

- Have annual household income sufficient to support loan repayment, and no higher than the HFLS income limits.

- Have an active checking account.

- Provide one guarantor who meets the two requirements above.

Initial funding for this program is provided by the Jewish LGBTQ Donor Network.

keshetonline.org/movetothrive/

An #email sent Monday by a #Trump administration official, obtained by Popular Information, explicitly instructs federal employees at the Consumer Financial Protection Bureau #CFPB to not carry out activities mandated by law. The email directly contradicts representations CFPB officials made in federal #court. #maga #vought #musk #doge #politics #WhiteHouse #congress #DoddFrank #financialsystem #economics #banking #loans #college #debt #mortgages #consumerprotection popular.info/p/email-shows-tru

Popular Information · Email shows Trump officials are lying to federal court, directing CFPB staff to ignore lawBy Judd Legum
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But on Thurs, the #Trump #CFPB dropped several complaints against financial institutions, including the ones for #CapitalOne & #RocketHomes.

“We welcome the CFPB’s decision to dismiss this action, which we strongly disputed,” a spokesperson for Capital One said in an emailed statement.

In a statement, Rocket Homes said: “This case was a misrepresentation of the facts, as we have said from the day the suit was filed.”

#consumer#Musk#law
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During his first term, #Trump was hell-bent on eviscerating the authority of an agency that #Congress authorized to protect #consumers after the 2008 financial crisis. His choice to lead the agency in 2017 signaled his disdain: Mick Mulvaney, a fmr congressman who voted to abolish the #CFPB.

…But consumers needed then — & need now — a powerful advocate.

#Trump & #ElonMusk are working to decimate the Consumer Financial #Protection Bureau [#CFPB].

In early Feb, Musk posted “CFPB RIP,” …with a gravestone emoji.

Musk’s death march has begun. The number of #consumer complaints being processed by the bureau is significantly down, & several lawsuits against #financial companies were recently dropped.

#law #economy #regulation #banks #credit #loans #mortgages #foreclosures #debt #housing #markets #DOGE #USpol
washingtonpost.com/business/20

The Washington Post · Consumers need the CFPB. Remember the Great Recession?By Michelle Singletary
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Some of the money that has been frozen is tied to #environmental #conservation programs that were funded by President #Biden's signature #climate #law, the 2022 Inflation Reduction Act, which included about $19.5B for #farm programs over 10 yrs.

The #Trump White House said its Jan 27 proposal to freeze federal #loans & #grants would not affect programs for #farmers. The admin rescinded its proposal & it has been temporarily blocked in court.