Too many calls and texts?

It’s a new era for homebuyers applying for a mortgage. In what’s known as a “trigger lead,” consumers may receive 60 to 100 phone calls and texts soon after their credit is pulled for mortgage approval. The idea behind credit bureaus selling this information to lenders was to give homebuyers options, but the market has become over burdened with disreputable and deceptive lenders. This deluge of contact has become such an issue with consumers that there is pending legislation to prevent trigger leads.

Overtime and Fair Pay

Ever sat at work on a weekend or late in the evening wondering why you didn’t qualify for overtime? Salary threshold rules have not been adjusted for inflation since 1975 and currently reflect a maximum amount of $23,660 per year. The new proposed changes to the law would raise this limit to $47,476 per year, allowing a larger segment of the salaried population to qualify for paid overtime. As this legislation is coming at the end of President Obama’s term, it remains to be seen how it will fare with a new administration, but for the moment this is one more step toward fair pay for a whole new set of employees.

Making Overtime Fair Again