| Volume 143 Number 57 |
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The People’s Lawyer’s Tip of the Day
If someone asked you to help plan a funeral, would you know where to start? The FTC’s information about funeral goods and services, types of funerals, and your rights can help. The FTC enforces the Funeral Rule, which makes it possible for you to compare prices and choose only the things you want or need. Click here for more.
Nissan recalls 1.8 million model year 2013-2018 Altimas
Nissan North America is recalling 1.8 million model year 2013-2018 Nissan Altimas.
If the primary hood latch is inadvertently released, there is an increased likelihood that the secondary hood latch may corrode over time.
Corrosion to the secondary latch may cause it to bind and remain in the unlatched position when the hood is closed. If the primary latch is inadvertently released again and the secondary latch is not engaged, the hood could unexpectedly open while the vehicle is being driven, increasing the risk of a vehicle crash. Click here for more.
Your Money
An important but often-overlooked factor to consider – whether you're planning to buy a house or rent an apartment – is how much money you're going to spend each month on utilities. From a budgeting standpoint, neglecting to factor in your average utility bill into your monthly spending can be an expensive mistake. That's why it's important to estimate how much you'll be paying for water, electricity and the internet, among other costs, when searching for a new place. So, if you're trying to calculate what your utilities will cost you, take these considerations into account. Click here for more.
For the Lawyers
Colorado court says bank’s interest rate does not pass to a non-bank. A Colorado state judge found that a nonbank must abide by the state's interest rate caps when it takes on loans from a out-of-state partner bank that can legally charge higher rates. The ruling is consistent with the Second Circuit’s decision in Madden v. Midland Funding, LLC., 786 F.3d 246, 250 (2d Cir. 2015). The Denver District Court Judge agreed with the Colorado Attorney General's Office that while federal law allows the New Jersey-based bank to lend in Colorado at rates above the local legal limits, those higher permissible rates don't carry over when the bank's loans are transferred to Marlette Funding LLC, a nonbank. Fulford v. Marlette Funding LLC et al., case number 2017-cv-30376, in the District Court for the City and County of Denver, Colorado. Click here for more.