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Matrix Brings Its Top Selling Vertical Form-Fill-Seal Bagging Machine to East Pack 2013, June ...
2013-06-14 06:00:00| Industrial Newsroom - All News for Today
The Mercury HS delivers rugged, dependable, high speed operation at low operating cost in terms of materials consumed.<br /> (Matrix Booth # 1231)<br /> <br /> SAUKVILLE, Wis. – <a href="http://www.matrixpm.com/">Matrix Packaging Machinery</a>, powered by <a href="http://www.promachinc.com/">Pro Mach</a>, will showcase at the Pennsylvania Convention Center during the East Pack Exposition, June 18-20, the Mercury HS, the company’s top selling vertical form-fill-seal machine. This ...This story is related to the following:Packaging Products & EquipmentSearch for suppliers of: Fill & Seal Form Machinery
Oroville of Long Ago for June 13
2013-06-14 05:52:00| Paper - Topix.net
The little railroad hauling lumber products from Feather Falls village has lost another round in its fight for existence.
Ask the Expert | June 2013
2013-06-14 03:37:54| AutomotiveDigest.com - Automotive Industry News
Jim Radogna is the President of Dealer Compliance Consultants and answers this months question. Will rulings by the Consumer Financial Protection Bureau impact the amount of reserve dealerships can make on sales transactions? Despite NADAs landmark victory in getting most auto dealers exempted from direct oversight by the Consumer Financial Protection Bureau (CFPB), it looks like the agency has found a back-door way to make life more difficult for dealerships. The Bureau recently announced that lenders that offer auto loans through dealerships will be held responsible for unlawful, discriminatory pricing at the dealership level. The Bureau has indicated that it sees a potential for discriminatory pricing caused by the policies of some indirect auto lenders that allow auto dealers to mark-up lender-established buy rates and that compensate dealers for those markups in the form of reserve. Their rationale is that because of the incentives these policies create, and the discretion they permit, there is a significant risk that they will result in pricing disparities on the basis of race, national origin, and potentially other prohibited bases. A central issue is that lenders traditionally leave it up to dealerships to set the final interest rate customers pay on their indirect auto loans arranged by dealerships. The CFPB guidance calls for additional compliance burdens on lenders who purchase Retail Installment Contracts from dealers and expects those lenders to take remedial action with dealers when necessary. As the old saying goes, stuff rolls downhill. Heres the problem: the CFPB is citing the concept of disparate impact - which is purely a statistical analysis - in evaluating potentially discriminatory dealer rate markups. Only the numbers matter, not the intent or even the knowledge of the creditor. So, even if a lender or dealer didn't intend to discriminate, they may still be held liable for perceived discrimination against protected classes. You can be doing everything completely neutral or unbiased but if there is a statistically significant adverse impact on a protected class, you can still be held responsible under the Equal Credit Opportunity Act (ECOA). The CFPB further recommends that indirect auto lenders take steps to ensure that they are operating in compliance with fair lending laws as applied to dealer markup and compensation policies. These steps may include revising dealer markup policies, eliminating dealer discretion to markup buy rates, and compensating dealers using a different mechanism that does not result in discrimination, such as flat fees per transaction. As a result of these announcements, at least one major bank has already sent a letter to dealers indicating that it will periodically review dealer portfolios, addressing indications of potential discrimination. The letter also stated in part if you are unable to provide any explanation for the pricing differences, or if we continue to identify unexplained differences in your pricing to protected classes on a prohibited basis, we will consider taking further action. Who knows what these actions could include - perhaps disruptive audits or even demands for repurchase of a dealers entire portfolio? Read More The Article Ask the Expert | June 2013 appeared first on Automotive Digest.
TRAFFIC ADVISORY: Street repairs to close NE 16th Ave., from NE Sandy Blvd. to E Burnside, June 17 to 26
2013-06-14 01:32:24| PortlandOnline
Rose Quarter bicycle, bus traffic detour extends through Fri. June 14 for NE Wheeler Ave. road maintenance
2013-06-14 01:01:47| PortlandOnline
The Portland Bureau of Transportation advises the traveling public that a road closure on a heavily traveled bicycle route through the Rose Quarter will be extended through Friday, June 14.
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