07-08-2020  2:35 pm   •   PDX and SEA Weather
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NORTHWEST NEWS

Oregon DOJ to Hold Listening Sessions on Institutional Racism; Leaders Wary

DOJ will hold 11 virtual listening sessions for underserved Oregonians.

Portland Black Community Frustrated as Violence Mars Protests

Black leaders condemn violence from small group of mostly-white activists as Rose City Justice suspends nightly marches

Protester Dies After Car Hits Two on Closed Freeway

Summer Taylor, 24, of Seattle died and Taylor and Diaz Love of Portland were injured. The driver, Dawit Kelete has been arrested

Police Union Contract Extended, Bargaining to Continue

Negotiations will resume in January 2021.

NEWS BRIEFS

The OHS Museum Reopens Saturday, July 11

The Oregon Historical Society museum will reopen with new hours and new safety protocols ...

Meyer Memorial Trust Announces New Trustee

Amy C. Tykeson of Bend, will oversee management of the 38-year-old Oregon-serving foundation. ...

African American Alliance for Home Ownership Announces New Board Member

AAAH has announced the appointment of Carl Anderson, M.D., a staff physician specializing in occupational medicine with Northwest...

Ploughshares Fund announces over $1 million in Grants to Stop Nuclear Threats

The global security foundation’s board of directors awards grants to 15 organizations working on nuclear weapons issues ...

Chip Miller Named Associate Artistic Director of Portland Center Stage

Miller originally joined the company in the spring of 2019, in the role of associate producer. ...

Police: million lost due to ongoing Portland protests

PORTLAND, Ore. (AP) — Downtown businesses in Portland, Oregon, have sustained about million in damages and lost customers because of violent nightly protests that have wracked the city, authorities said Wednesday.At a police briefing, Deputy Chief Chris Davis said the intensity of the...

Coronavirus kills funding of 37 projects in Oregon

BEND, Ore. (AP) — A steep drop in lottery funds due to the COVID-19 crisis has killed the sale of 3 million in state bonds to pay for major projects in Oregon, the Bulletin newspaper of Bend reported Wednesday.The 37 projects authorized by the Legislature at the end of the 2019 session...

Iowa defensive back Jack Koerner hurt in jet ski accident

IOWA CITY, Iowa (AP) — Iowa defensive back Jack Koerner sustained serious injuries when he and a passenger on a jet ski collided with a boat on the Lake of the Ozarks in Missouri.According to a police report, Koerner and Cole Coffin were hurt at about 6:30 p.m. Friday when their watercraft...

Missouri football program pushes again for racial justice

COLUMBIA, Mo. (AP) — Ryan Walters had just arrived at the University of Missouri to coach safeties for the football program when a series of protests related to racial injustice led to the resignations of the system president and the chancellor of its flagship campus.The student-led movement...

OPINION

Recent Protests Show Need For More Government Collective Bargaining Transparency

Since taxpayers are ultimately responsible for funding government union contract agreements, they should be allowed to monitor the negotiation process ...

The Language of Vote Suppression

A specific kind of narrative framing is used to justify voter suppression methods and to cover up the racism that motivates their use. ...

Letter to the Community From Eckhart Tolle Foundation

The Eckhart Tolle Foundation is donating more than 250,000 dollars to organizations that are fighting racism ...

Editorial From the Publisher: Vote as Your Life Depends on It

The Republican-controlled Senate won’t pass the George Floyd Justice in Policing Act, no matter how hard Oregon’s senators and others work to push for change. ...

AFRICAN AMERICANS IN THE NEWS

Five takeaways from Facebook's civil rights audit

A two-year audit of Facebook’s civil rights record found that the company’s elevation of free expression — especially by politicians — above other values has hurt its progress on other matters like discrimination, elections interference and protecting vulnerable users....

Biden-Sanders task forces unveil joint goals for party unity

WASHINGTON (AP) — Political task forces Joe Biden formed with onetime rival Bernie Sanders to solidify support among the Democratic Party's progressive wing recommended Wednesday that the former vice president embrace proposals to combat climate change and institutional racism while...

Mississippi board votes 'no' on moving Confederate monument

OXFORD, Miss. (AP) — Officials in a Mississippi county unanimously voted to keep a Confederate monument where it stands, saying moving the statue wouldn't fix racial tensions.In a 5-0 vote, the Lafayette County Board of Supervisors rejected a proposal to relocate the Confederate statue,...

ENTERTAINMENT

Network: Shepard Smith joins CNBC for weeknight news program

NEW YORK (AP) — Shepard Smith, who abruptly quit Fox News Channel last October amid the ascendancy of opinionated programming, will bring a nightly newscast to CNBC this fall.CNBC announced Wednesday that Smith will anchor a one-hour weeknight newscast at 7 p.m. Eastern, the time slot he...

Coppola and Henson companies get loans for winery, puppetry

LOS ANGELES (AP) — From a godfather of cinema to Kermit the Frog, the U.S. government’s small-business lending program sent money into unexpected corners of the entertainment industry. While legendary names like Francis Ford Coppola and Jim Henson hardly evoke the image of...

Review: Hanks lends steady, sober hand to taut naval drama

He’s Forrest Gump. He’s Mr. Rogers. He’s Woody.But with all the famous titles Tom Hanks has owned, few have fit as snugly and as smoothly as “captain” — whether it’s fending off Somali pirates in “Captain Phillips,” landing a plane on...

U.S. & WORLD NEWS

Network: Shepard Smith joins CNBC for weeknight news program

NEW YORK (AP) — Shepard Smith, who abruptly quit Fox News Channel last October amid the ascendancy of...

Justice Department plows ahead with execution plan next week

WASHINGTON (AP) — The Justice Department is plowing ahead with its plan to resume federal executions next...

Health official: Trump rally 'likely' source of virus surge

OKLAHOMA CITY (AP) — President Donald Trump's campaign rally in Tulsa that drew thousands of people in late...

Ivory Coast PM, presidential candidate Amadou Coulibaly dies

ABIDJAN, Ivory Coast (AP) — Prime Minister Amadou Gon Coulibaly, the presidential candidate of Ivory...

UK gets creative: Job bonus and eating out schemes announced

LONDON (AP) — The British government unveiled a raft of measures Wednesday it hopes will limit an...

Hong Kong inaugurates Beijing's national security office

HONG KONG (AP) — Beijing’s national security office was inaugurated in Hong Kong on Wednesday, just...

McMenamins
Alan Zibel Associated Press

WASHINGTON — Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure.
It's the latest evidence of misconduct at Countrywide, once an industry giant that has since fallen. Last year, three top executives, including former CEO Angelo Mozilo, were charged with civil fraud and insider trading by the Securities and Exchange Commission.
The settlement, which seeks to refund money to about 200,000 borrowers, was announced Monday by the Federal Trade Commission. It is the largest mortgage industry settlement for the agency, which oversees non-banking functions such as debt collection. The FTC has been criticized for failing to protect consumers from abuse by financial companies.
The FTC's chairman, Jon Leibowitz, accused Countrywide of "callous conduct, which took advantage of consumers already at the end of their financial rope."
Bank of America purchased Countrywide in July 2008. The actions in the case took place before the acquisition.
Bank of America said it agreed to the settlement "to avoid the expense and distraction associated with litigating the case," which also resolves litigation by bankruptcy trustees. "The settlement allows us to put all of these matters behind us," the company said.
Countrywide hit the borrowers who were behind on their mortgages with fees of several thousand dollars at times, the FTC said. The fees were for such services as property inspections and landscaping.
In addition, Countrywide created subsidiaries to hire vendors, which marked up the price for such services, the FTC said. The company "earned substantial profits by funneling default-related services through subsidiaries that it created solely to generate revenue," the agency said in a news release.
The agency also alleged that Countrywide made false claims to borrowers in bankruptcy about the amount owed or the size of their loans and failed to tell those borrowers about fees or other charges. The settlement requires Bank of America to notify bankrupt borrowers monthly notices about what they owe, including fees.
Bank of America has worked to address allegations of deceptive practices at Countrywide since acquiring the mortgage company. In October 2008, it reached a settlement with attorneys general agreeing to modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 customers.

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