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Friday, mar 7
Tag:
Financial Crisis
Business
Cfpb
Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog
The Consumer Financial Protection Bureau has dropped a lawsuit against Capital One as concerns grow about the federal agency's future. The CFPB will no longer pursue legal action against Capital One, according to a court filing on Thursday, Feb. 27. The case, filed in January, claimed the banking giant misled customers and withheld more than $2 billion in interest payments. The company based in McLean, Virginia, supported the dismissal. "We welcome the CFPB's decision to dismiss this action, which we strongly disputed," a Capital One spokesperson said in a statement to the Daily Voice…
Schools
It's Official: College Of New Rochelle Sets Date For Closure
The College of New Rochelle is officially shuttering its doors at the conclusion of its summer semester and an agreement has been finalized to transfer students to Mercy College for the beginning of the fall semester. Amid a three-year financial crisis, CNR and Mercy announced on Tuesday that they’ve entered into an Agreement of Mutual Cooperation that will “ensure a seamless transition for CNR students to continue their education at Mercy.” According to Mercy College, the agreement allows CNR students in good standing the opportunity to transfer to Mercy College, as CNR’s designated prefer…
Schools
Local Parents Head To Hartford To Protest School District Consolidation
Fairfield County parents are among dozens taking the trek to Hartford to express their discontent over proposals to consolidate state school districts. A standing-room-only crowd is expected at the Connecticut State Capitol on Friday, March 1 to urge Gov. Ned Lamont and other lawmakers to further evaluate proposals to consolidate school districts. Hundreds of written complaints in opposition of the plan were sent to the governor’s office, and there was reportedly a line of concerned parents at the Capitol ready to speak well in advance of the 1 p.m. Education Committee of the General Assemb…
Schools
College Of New Rochelle Closure Seen As Likely
Amid a near three-year financial crisis, the College of New Rochelle may be shutting its doors for good at the end of the summer semester. In 2016, the college’s Board of Trustees was alerted about “significant unmet financial obligations that had accrued over a period of time.” The Board subsequently launched an investigation and enlisted the help of officials to restructure and manage CNR’s finances. A forensic accountant and outside legal counsel were also hired to perform the investigation. The investigation ultimately found that CNR hadn’t paid upwards of $20 million in payroll taxes d…