HNTB Moves into the Top Six Ranking of Aviation Firms in ENR’s 2017 Sourcebook

Firm advances three spots in aviation and gains ground in other key transportation sectors in the past year

KANSAS CITY, Mo. (PRWEB) July 05, 2017

HNTB Corporation moved into the top six ranking of airport consulting firms in the United States and is listed among the top 20 design firms in several other market sectors, according to Engineering News-Record’s Top Design Firms Sourcebook for 2017.

“From airside to landside, HNTB has a long history of delivering a wide range of planning, design and management services for major airport development programs that include passenger terminals, runways and surface transportation facilities,” said Laddie Irion, HNTB national aviation market sector leader and senior vice president. “Our rise in ENR’s airport rankings is a result of our success in winning and delivering some of the most significant airport infrastructure projects in the country. This trend accurately reflects HNTB’s role as a trusted adviser and consultant to the busiest airports and leading U.S. airlines. In fact, the firm is proud to serve all of the top 10 busiest airports in the country.”

The ENR Top Design Firms Sourcebook is compiled annually by Engineering New-Record, a top national construction magazine. The Sourcebook provides market analysis and rankings of the largest U.S.-based architectural and engineering firms in the nine major industry sectors, and ranks design firms in almost 50 specific project types.

In addition to rising three spots in aviation rankings, from No. 9 last year, HNTB jumped two spots to No. 4 in Highways from the 2016 rankings. HNTB also gained one spot from No. 6 to No. 5 in Transportation. The company also held at No. 3 in bridges and No. 6 in Mass Transit/Rail.

In the overall ranking of design firms by ENR, HNTB ticked up two spots to No. 19.

HNTB’s many signature aviation projects include design of the air traffic control tower at San Francisco International Airport; design of the T2 West “Green Build” terminal expansion at San Diego International Airport; program management at Dallas-Fort Worth International Airport; architectural and engineering and design services at Los Angeles International Airport; design and construction management of runway status lights implementation at airports across the country; program management and owner’s representative services for Chicago O’Hare and Chicago Midway airports; program management and construction management for the Hotel and Transit Center at Denver International Airport; and taxiway design, construction services improvements and terminal planning study at Kansas City International Airport and master plan update for Tampa International Airport. The firm’s largest ongoing aviation project is serving as architect of record for the design of the new South Terminal C at the Orlando International Airport.

About Engineering News-Record

Engineering News-Record provides the news, analysis, commentary and data that construction industry professionals need to do their jobs more effectively. The audience includes contractors, project owners, engineers, architects, government regulators and industry suppliers—many of whom work around the world. ENR connects diverse sectors of the industry with coverage that everyone needs about issues such as business management, design, construction methods, technology, safety, law, legislation, environment and labor.

About HNTB

HNTB Corporation is an employee-owned infrastructure firm serving public and private owners and contractors. With more than a century of service in the United States, HNTB understands the life cycle of infrastructure and addresses clients’ most complex technical, financial and operational challenges. Professionals nationwide deliver a full range of infrastructure-related services, including award-winning planning, design, program management and construction management. For more information, visit http://www.hntb.com.

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/07/prweb14482931.htm

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HNTB Moves into the Top Six Ranking of Aviation Firms in…

Firm advances three spots in aviation and gains ground in other key transportation sectors in the past year

KANSAS CITY, Mo. (PRWEB) July 05, 2017

HNTB Corporation moved into the top six ranking of airport consulting firms in the United States and is listed among the top 20 design firms in several other market sectors, according to Engineering News-Record’s Top Design Firms Sourcebook for 2017.

“From airside to landside, HNTB has a long history of delivering a wide range of planning, design and management services for major airport development programs that include passenger terminals, runways and surface transportation facilities,” said Laddie Irion, HNTB national aviation market sector leader and senior vice president. “Our rise in ENR’s airport rankings is a result of our success in winning and delivering some of the most significant airport infrastructure projects in the country. This trend accurately reflects HNTB’s role as a trusted adviser and consultant to the busiest airports and leading U.S. airlines. In fact, the firm is proud to serve all of the top 10 busiest airports in the country.”

The ENR Top Design Firms Sourcebook is compiled annually by Engineering New-Record, a top national construction magazine. The Sourcebook provides market analysis and rankings of the largest U.S.-based architectural and engineering firms in the nine major industry sectors, and ranks design firms in almost 50 specific project types.

In addition to rising three spots in aviation rankings, from No. 9 last year, HNTB jumped two spots to No. 4 in Highways from the 2016 rankings. HNTB also gained one spot from No. 6 to No. 5 in Transportation. The company also held at No. 3 in bridges and No. 6 in Mass Transit/Rail.

In the overall ranking of design firms by ENR, HNTB ticked up two spots to No. 19.

HNTB’s many signature aviation projects include design of the air traffic control tower at San Francisco International Airport; design of the T2 West “Green Build” terminal expansion at San Diego International Airport; program management at Dallas-Fort Worth International Airport; architectural and engineering and design services at Los Angeles International Airport; design and construction management of runway status lights implementation at airports across the country; program management and owner’s representative services for Chicago O’Hare and Chicago Midway airports; program management and construction management for the Hotel and Transit Center at Denver International Airport; and taxiway design, construction services improvements and terminal planning study at Kansas City International Airport and master plan update for Tampa International Airport. The firm’s largest ongoing aviation project is serving as architect of record for the design of the new South Terminal C at the Orlando International Airport.

About Engineering News-Record

Engineering News-Record provides the news, analysis, commentary and data that construction industry professionals need to do their jobs more effectively. The audience includes contractors, project owners, engineers, architects, government regulators and industry suppliers—many of whom work around the world. ENR connects diverse sectors of the industry with coverage that everyone needs about issues such as business management, design, construction methods, technology, safety, law, legislation, environment and labor.

About HNTB

HNTB Corporation is an employee-owned infrastructure firm serving public and private owners and contractors. With more than a century of service in the United States, HNTB understands the life cycle of infrastructure and addresses clients’ most complex technical, financial and operational challenges. Professionals nationwide deliver a full range of infrastructure-related services, including award-winning planning, design, program management and construction management. For more information, visit http://www.hntb.com.


For the original version on PRWeb visit: http://www.prweb.com/releases/2017/07/prweb14482931.htm


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After GST rollout, dual MRP tags to help clear inventories, say FMCG firms

Dual MRP tags – indicating pre and post GST rates — on unsold consumer products will help companies clear inventories and bring transparency to the market, FMCG firms said on Wednesday.

Besides, the tags would enable end-consumers understand GST’s impact and how the prices have gone up or down.

Yesterday, the government has allowed unsold pre-packed items to be marketed to consumers with an add-on sticker indicating the revised price for three months.

“This relaxation is in the favour of smooth transaction of the GST. It would clear the confusion amongst the trader and the manufacturing community over MRP,” a Patanjali spokesperson told PTI.

The old MRP will have to be clearly displayed along with the revised MRP sticker. But from October 1, all pre-packed goods will have just one MRP, with GST.

“This would also bring transparency as the consumer must know the after-effects of the GST, whether the prices got reduced or went up. They can analyse it and compare it,” the spokesperson added.

Hindustan Unilever said it has already started dispatching products with the revised prices.

“HUL manages its inventories tightly and hence we do not intend to avail the relaxation provided by the government to affix a sticker on unsold stocks as of June 30, 2017 to communicate price changes due to GST, if any,” said a HUL spokesperson.

Dabur India is also evaluating the recent directive and plans to come up with the revised prices along with the pre- GST rates.

“We are evaluating it and will take appropriate action, as per law,” said Dabur India Chief Financial Officer Lalit Malik when asked about company’s plans on selling inventories in the next three months.

While Emami Ltd and P&G denied to comment, Godrej Consumer could not be reached for comment.

While prices of few FMCG products have come significantly down under the new GST regime, a few other products have become dearer.

The GST Council has put daily use goods as bathing soap, hair oil, detergent powder, soap, tissue papers and napkins under 18 per cent tax slab, while detergents and fizzy beverages like coke and Pepsi are placed under 28 per cent tax bracket.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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How tech firms have pushed coding into American classrooms

At a recent White House gathering of tech titans, Apple CEO Tim Cook delivered a blunt message to President Trump on how schools could better serve the nation’s needs. To help solve a “huge deficit in the skills that we need today,” Cook said, the government should do its part to make sure students learn computer programming.

“Coding,” Cook told the president, “should be a requirement in every public school.”

The Apple chief’s education mandate was just the latest tech company push for coding courses in schools. But even without Trump’s support, Silicon Valley is already advancing that agenda — thanks largely to the marketing prowess of Code.org, an industry-backed nonprofit group.

Code.org was founded in 2012 by Hadi Partovi, an early investor in Facebook and Airbnb, and his twin brother, Ali Partovi, himself an early investor in Zappos and Dropbox. The group gained renown by using a viral video to stir up mass demand for coding lessons. Now Code.org’s goal is to get every public school in the United States to teach computer science.

In our tech-driven world, Hadi Partovi argues, computer science has become as essential for students as reading, writing and math. “Encryption is at least as foundational as photosynthesis,” he said.

Computer science is also essential to U.S. tech companies, which have become heavily reliant on foreign engineers. Trump’s efforts to limit immigration make Code.org’s teach-Americans-to-code agenda even more attractive to the industry.

In a few years, Code.org has raised more than $60 million from Microsoft, Facebook, Google and Salesforce, along with individual tech executives and foundations. It has helped to persuade two dozen states to change their education policies and laws, Partovi said, while creating free introductory coding lessons, called Hour of Code, which more than 100 million students worldwide have tried.

Along the way, Code.org has emerged as a prototype for Silicon Valley education reform: a social-media-savvy entity that pushes for education policy changes, develops curricula, offers online coding lessons and trains teachers — touching nearly every facet of the education supply chain.

“They have got this multipronged approach,” said Amy Klement, a partner at Omidyar Network, a philanthropic investment organization started by eBay founder Pierre Omidyar and his wife, Pam, which has given $5.5 million to Code.org. “It’s unique and a model I would love to see replicated.”

But its multilevel influence machine also raises the question of whether Silicon Valley is swaying public schools to serve its own interests — in this case, its need for software engineers — with little scrutiny. “If I were a state legislator, I would certainly be wondering about motives,” said Sarah Reckhow, an assistant professor of political science at Michigan State University. “You want to see public investment in a skill set that is the skill set you need for your business?”

Partovi, 44, said he simply wanted to give students the opportunity to develop the same skills that helped him and his backers succeed. He immigrated as a child to the United States from Iran with his family, went on to study computer science at Harvard, and later sold a voice-recognition startup he had co-founded to Microsoft for a reported $800 million.

“That dream is much less accessible if you are in one of America’s schools where they don’t even tell you you could go into that field,” Partovi said.

Even so, he acknowledged some industry self-interest. “If you are running a tech company,” he said, “it’s extremely hard to hire and retain engineers.”

Code.org is now one of the largest providers of free online coding lessons and more comprehensive computer science curriculums. It has also provided training workshops to more than 57,000 teachers, Partovi said.

The rise of Code.org coincides with a larger tech-industry push to remake U.S. primary and secondary schools with computers and learning apps, a market estimated to reach $21 billion by 2020.


Last year, Apple rolled out a free app, called Swift Playgrounds, to teach basic coding in Swift, a programming language the company unveiled in 2014.

Last month, Apple introduced a yearlong curriculum for high schools and community colleges to teach app design in Swift. Apple has also supported Code.org by hosting the group’s popular Hour of Code events in its stores.


Before Code.org emerged, the National Science Foundation, industry, and education experts worked for years to develop and spread computer science instruction in schools. In 2009, for instance, an engineer at Microsoft started a program called Teals (for Technology Education and Literacy in Schools) that places tech company volunteers in schools to help teach the subject.

Then Partovi came along with the idea of using a viral video to spark mass demand for the courses.

He began by persuading Microsoft co-founder Bill Gates and Facebook CEO Mark Zuckerberg to appear in a short film promoting coding to students. In its first week on YouTube, the video, called “What Most Schools Don’t Teach,” racked up roughly 9 million views. Within two weeks, Partovi said, about 20,000 teachers contacted him.

Partovi compared Code.org’s approach to those of startups like Airbnb and Uber. “Airbnb is disrupting the travel space, but they don’t own the hotels,” he said, adding: “We are in a similar model, disrupting education. But we are not running the school and we don’t hire the teachers.”

Partovi’s elite connections didn’t hurt.

One day in early 2013, he bumped into his neighbor, Bradford Smith, then a senior Microsoft executive, in a driveway outside their homes in Bellevue, Wash. Smith had recently published a Microsoft report calling for a federal plan to better prepare students for careers in computer science and engineering.

Partovi, for his part, was hoping to go viral with a message that coding could improve students’ job prospects. Teaching skills that may lead to higher-paying jobs “seems like the kind of idea that everyone in the country can get behind,” he said.

Partovi promptly invited Smith over to preview his celebrity coders video.

Microsoft soon became Code.org’s largest donor. Smith, now the president of Microsoft, compared their efforts to an educational initiative in the late 1950s. Back then, the Soviet Union had just won the space race by launching Sputnik, and the United States, in an effort to catch up, passed a law to finance physics and other science courses.

“We think computer science is to the 21st century what physics was to the 20th century,” Smith said.

Together with local groups, Partovi said, Code.org and Microsoft have helped persuade 24 states to allow computer science to count toward math or science credits required for high school graduation. Along with groups like Black Girls Code, Girls Who Code and Latina Girls Code, Code.org has worked to make the subject accessible to a diverse group of students.

But the movement has also supported legislation that could give companies enormous sway in public schools, starting with kindergarten, with little public awareness.

Last year, Microsoft and Code.org helped push for a career-education bill in Idaho that, education researchers warned, could prioritize industry demands over students’ interests. Among other things, they said, it could sway schools to teach specific programming languages that certain companies needed, rather than broader problem-solving approaches that students might use throughout their lives.

“It gets very problematic when industry is deciding the content and direction of public education,” said Jane Margolis, a senior researcher at UCLA’s Graduate School of Education and Information Studies.

The Idaho bill read, in part, “It is essential that efforts to increase computer science instruction, kindergarten through career, be driven by the needs of industry and be developed in partnership with industry.”

When a reporter apprised him of the bill’s language, Smith of Microsoft seemed taken aback, saying he had not endorsed it. “Broad public education should not be grounded first and foremost in the needs of any particular industry — or in the needs of industry as a whole,” he said.

Partovi noted that Code.org had opposed a “more extreme” coding bill in Florida that would have required students to obtain industry certification. It has also opposed bills that would allow coding courses to count toward foreign-language credits in high schools, he said. Still, Partovi added, “We do think that tech companies have a role to play.”

The Idaho law took effect last year. One of its first results was a new program, developed with Oracle, to train public-school teachers how to teach students Java, the Redwood City company’s popular coding language. Other companies, including chipmaker Micron Technology, were invited to help develop computer science standards.

“Some people will believe that industry is going to be driving our education system forward, and that is absolutely not the case,” said Angela Hemingway, executive director of the Idaho STEM Action Center, which oversees the state’s computer science education initiative. “They are collaborative partners.”


Smith of Microsoft said that tech companies and philanthropists were simply trying to give voice to an overlooked subject. “What we really need is a national conversation about the broad array of intellectual disciplines that will be fundamental to the future of American students,” Smith said. “It’s a broad array, not a single subject.”

Partovi concurred. “We have a lot of debate in this country about how to teach,” he said, “and not enough debate about what to teach.”

Natasha Singer is a New York Times writer.


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GST: Consumer goods firms in a fix over MRP sticker rules

Mumbai: Packaged consumer goods makers such as Dabur India Ltd, Marico Ltd and Godrej Consumer Products Ltd are worried about the impact of new guidelines issued by the government on displaying the maximum retail price (MRP) of products under the new Goods and Services Tax (GST) regime.

Aimed at ensuring that companies and retailers have a way of dealing with older (so-called pre-GST) stock, and preventing profiteering, the guidelines, announced on Tuesday, allow companies to print, stamp, or use stickers to show the new MRP on a product package. They also insist that companies issue ads in at least two newspapers if they are raising the prices of any products—and that they feature both the new (post-GST) and old (pre-GST) MRPs on the new packaging.

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The companies are worried the first will make them break the rules of Legal Metrology Organisation, a state government department that oversees weights, measures, and price displays on packs. According to these, stickers aren’t allowed on top of the maximum retail price (MRP) and tampering with MRP is an offence.

Logistically too, experts say, it will be a challenge for manufacturers who started billing under the new tax system to put the stickers on millions of packages that are already in the retail stores.

“For staple companies, putting new stickers on millions of packs is a challenge. It would be cumbersome to change prices of packs overnight,” Abneesh Roy, senior vice president and research analyst (institutional equities) at Edelweiss Securities Ltd, said in a report on 5 July.

“This is a new googly thrown at us. The intent is good but logistically we have to figure how to manage it,” said Vivek Gambhir, managing director and chief executive officer, Godrej Consumer Products. The maker of Cinthol soaps and Hit insecticides has over 1,500 distributors and 4,000 wholesalers who reach out to millions of small retail stores across India.

Likewise, Marico, the manufacturer of Parachute and Saffola oils, is also in the process of understanding the new requirement. “It’s confusing,” said Vivek Karve, chief financial officer at Marico.

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Hindustan Unilever Ltd, however, has no plans to take up the government offer to affix a sticker on pre-GST stock. “HUL manages its inventories tightly and hence we do not intend to avail the relaxation provided by the government to affix a sticker on unsold stocks as of 30th June 2017 to communicate price changes due to GST, if any. Our pricing actions have already started landing in the market and further changes should also land in the market in the coming days after factoring in normative lead times,” said an HUL spokesperson.

Ideally, the government should have notified the use of stickers under The Legal Metrology Act, according to Safir Anand, senior partner at law firm Anand and Anand. Under this act, goods with stickers can be confiscated, he added. According to Anand, the challenge with stickers is ensuring authenticity as they can be tampered with.

Even in the case of new packaging, companies will have to go back to the drawing board and redesign their artwork and packaging to show old and new pricing.

“This can take a few days to a few weeks depending on the process of the individual companies,” said Gambhir, adding that this will again cause delays in new goods reaching shop shelves as this change was announced only on Tuesday.

The new requirement, in conjunction with the anti-profiteering rule under GST, will deter companies from raising prices. Skin care and ayurvedic products, detergents, malt beverages, some biscuits, and paints have come under a higher tax slab in the GST compared to the erstwhile value added tax (VAT) regime.

“We will absorb the increased costs due to a higher tax rate under GST at least for this quarter. This could mean a hit of about 4% on our margins,” said Vikram Agarwal, founder and director, GreenDot Health Foods Ltd, maker of the Cornitos brand of nachos.

First Published: Thu, Jul 06 2017. 12 06 AM IST

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SHAREHOLDER ALERT:  Pomerantz Law Firm Announces the Filing of a Class Action against General Motors Company and Certain Officers – GM

NEW YORK, July 05, 2017 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against General Motor Company (“GM” or the “Company”) (NYSE:GM) and certain of its officers. The class action, filed in United States District Court, Eastern District of Michigan, and docketed under 17-cv-12185, is on behalf of a class consisting of investors who purchased or otherwise acquired GM securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased GM securities between February 27, 2012 and May 24, 2017, both dates inclusive, you have until July 26, 2017 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

[Click here to join this class action]

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts. The Company offers vehicle protection, parts, accessories, maintenance, satellite radio, and automotive financing. General Motors provides its vehicles and services worldwide.

Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:  (i) the Company installed at least three distinct defeat devices in over 700,000 trucks with Duramax diesel engines from 2011 to 2016 in order to cheat emissions tests in the U.S.; (ii) consequently, the GM trucks at issue emit up to five times the legal limit of nitrogen oxide pollutants; and (iii) as a result of the foregoing, GM’s public statements were materially false and misleading at all relevant times. 

On May 25, 2017, Bloomberg reported that a consumer lawsuit had been filed against GM for installing multiple defeat devices in two models of heavy-duty trucks with the Duramax diesel engine from 2011-2016.  The lawsuit alleges that GM’s unlawful, unfair, deceptive, and otherwise defective emission controls affect model year 2011-2016 GM Sierra 2500HD and 3500 HD trucks and GM Silverado 2500 HD and 3500 HD trucks.  According to the lawsuit, extensive testing of a 2013 Silverado 2500 diesel—a vehicle representative of the class of Duramax diesel engines present in both the Chevrolet Silverado and GMC Sierra model years 2011 to 2016—indicated as follows: (1) the vehicle produces emissions above the certification tests at temperatures above the certification range (86ºF); (2) the vehicle produces higher emissions when temperatures are below the certification test range (68ºF); and (3) the vehicle produces higher emissions occur after the vehicle has been run for 200-500 seconds of steady speed operation on average by a factor of 4.5 in all temperature windows. These test results confirmed the presence of three distinct defeat devices, which enable the vehicle to meet emissions standards in the test temperature range, while allowing two to five times the legal amount of nitrogen-oxide pollutants to be emitted at all other times.

On this news, GM’s share price fell $0.60, or 1.81%, to close at $32.60 on May 25, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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‘Credit-repair’ firms pay $2 million to settle complaints of abusive practices

You’ve almost certainly seen or heard pitches for “credit repair” services promising to clean up your credit problems, reduce your debt or even raise your credit scores by 100 points or more.

Come-ons like these can be especially seductive for people seeking to buy a home and apply for a mortgage who have negative items in their credit reports. To qualify for a loan, they’re told, they need to make their credit look better — mainly by neutralizing the bad stuff in their files at the national credit bureaus, whether it’s accurate or not. But mortgage and credit-industry experts warn that repair services can be far more harmful to home buyers than they suspect — and even get them rejected on the spot.

Two new legal settlements from the Consumer Financial Protection Bureau — involving more than $2 million in penalties against credit-repair companies — offer mortgage applicants sobering reminders about what to avoid if you feel you need help with your credit.

The CFPB alleged that the companies — Prime Credit LLC, IMC Capital LLC, Commercial Credit Consultants and Park View Law, along with several executives of the firms — charged mortgage seekers and other clients illegal advance fees, misled customers about what they could actually do for them and failed to adequately disclose the limits on their advertised “money-back guarantees.” The companies “attracted thousands of customers through sales calls and their websites,” the bureau said, “at times targeting consumers who had recently sought to obtain a mortgage loan” or refinancing. The bureau alleged violations of the Consumer Financial Protection Act and the Federal Trade Commission’s Telemarketing Sales Rule. The defendants neither admitted nor denied the bureau’s allegations but agreed to the settlement.

Under federal law, credit-repair companies are prohibited from requesting or requiring payments upfront. Until the companies can document that they have achieved actual improvements to a client’s credit report or score, consumers shouldn’t have to pay a cent. The companies involved in the new settlements allegedly sought to evade this requirement by requiring payment of a sliding series of fees: an initial “consultation” charge typically costing $59.95, hundreds of dollars for a “set-up fee” and monthly fees of $89.99.

For typical clients, according to the CFPB, the companies sent “dispute letters” to the national credit bureaus challenging “much of the negative information” in clients’ credit reports “even if that information was accurate and not obsolete.” The companies then allegedly failed to follow up to see whether the credit bureaus identified the challenged items as being in dispute by the consumer and never determined whether they had raised clients’ credit scores.

Among other alleged violations of federal law, according to the government, the companies’ “money-back guarantees” were misleading: They were worthless until clients had paid for at least six months’ worth of services.

The repair companies’ targeting of home loan applicants and refinancers came as no surprise to mortgage lenders such as Joe Petrowsky, president of Right Trac Financial Group in Manchester, Conn. “People see those cockamamie advertisements” saying they can wipe their credit problems away “and they get hooked,” he told me. “We run into the damage they do every week.” Would-be home buyers pay hundreds of dollars to credit-repair companies to dispute debts in their credit reports, only to discover that not only have their credit scores not increased but they can’t qualify for a mortgage at all.

“You can’t get a mortgage with outstanding disputes” on your credit files, Petrowsky said. “Not one. It’s got to be zero.” Yet flooding the credit bureaus with dispute letters is a standard technique of credit-repair companies.

Thomas Conwell III, president and chief executive of Michigan-based Credit Technologies, a company that provides mortgage credit reports and scores for lenders nationwide, says consumers need to know that “there is nothing any credit-repair company can do that consumers can’t do for themselves faster and at no cost.” They can order free copies of their credit reports online at annualcreditreport.com, contact the credit bureaus if they spot erroneous information, get them corrected by creditors and work with loan officers on ways to improve their credit before applying for a mortgage.

The takeaway here for mortgage seekers: Be aware of the potential downsides of dealing with “we can fix your credit” outfits. And never pay any credit-repair fees upfront. That’s the first sign that you’re probably dealing with scammers.

Ken Harney’s email address is kenharney@earthlink.net.

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West Midlands law firms in buyout deal

Birmingham law firm Blackhams Solicitors has acquired Solihull practice Allsopp & Co.

The combined practice will be known as Blackhams incorporating Allsopp & Co and will continue to operate from its existing two offices.

Allsopp & Co’s senior partner Martin Allsopp will join the enlarged firm as a principal but will remain responsible for Solihull and head up the group’s property department.

His partner Les Szostek will retire from the practice at the end of July.

Blackhams’ senior partner Tim Cuthbertson said: “I am delighted at this acquisition.

“We have been working at our plans for expansion for some time and are really pleased to welcome Martin and his team to the enlarged firm.

“Being able to offer our full range of services to include our specialised family law services in Solihull is something we are particularly pleased about.”

Mr Allsopp added: “Les and I have been looking for some time to associate with a firm to provide a greater degree of specialisation within the practice and to extend cover of our expanding commercial client arm.

“I am particularly delighted to be able to introduce Prem Ahark as head of the family law practice and the experience of Tim whose specialises in charity and trust work and working with vulnerable adults.”

Blackhams Solicitors can trace its roots back in Birmingham over 125 years to its founding by Isaac Bradley and Charles Heber Cuthbertson, the great-grandfather of its current senior partner.

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Firms urged to take advantage of new Companies Act

By O’Brien Kimani

Legal experts are urging Kenyan companies to take advantage of the revamped Insolvency and Companies Act to make their business robust.

MMC Africa Commercial Law expert, Bernard Musyoka says many companies are plunging into legal problems due to failure to understand the new laws that came into effect last year.

Musyoka says companies facing liquidity problems have a number of options to survive the jaws of auctioneers and liquidators.

The financial problems facing the largest retail chain in the region Nakumatt has left corporate Kenya pondering about the future of many companies in the country.

The retail chain requires billions of shillings to stay afloat due to what financial experts are terming as years of mismanagement and failure to adapt to change.

Commercial law experts say that corporate Kenya needs to adapt to changing business landscape locally and internationally to remain relevant.

MMC Africa Commercial Law expert, Bernard Musyoka says troubled companies should consider re-organizations that could include standstill arrangements and debt conversion into equity, to help them stay afloat in a tough business environment.

Musyoka says due to harsh operating environment that has seen more than 10 listed companies issue profit warnings, most businesses are sinking deeper into debt and face a risk of imminent closure.

In the country companies in the financial, agricultural, manufacturing and fast moving consumer goods are the hardest hit with a huge reduction in profits and dividends to shareholders.

Musyoka says companies that are facing the auctioneers hammer should consider deployment of administration, a corporate insolvency procedure by which a company can be re-organized or have its assets realized for the benefit of its creditors.

He says the process allows for the re-organization of a company under the protection of a statutory moratorium, which prevents creditors from taking action to enforce their claims during the administration process.

He says companies that are heavily indebted can strike a debt to share swap deal.

However Musyoka advices companies to practice prudent business models to avoid falling into problems.

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