***Remember if you have news or news photos give us a shout!
Alabama 810 News! (256)237-0810
Headlines from Alabama 810 News
- JPA Executive Director resigns
- Compass Bank fined
- Legislature in turmoil
JPA Executive Director resigns
The executive director of the Joint Powers
Authority at McClellan has resigned. Dan Cleckler submitted his
resignation to the JPA board during their monthly meeting Tuesday
morning. Cleckler told the board he will be willing to stay on during
a transition period. The JPA’s personnel committee will meet
with Cleckler and begin a search for a replacement. Having been with
the JPA since it’s inception, Cleckler said he has seen major
accomplishments at McClellan. JPA Vice Chairman Chip Howell is
meeting this week with army officials in Washington seeking additional
funds for ordinance cleanup and removal at McClellan.
Compass Bank Fined
Compass Bank said Monday it has settled federal
complaints that it engaged in a pattern of lending discrimination
against some applicants for car loans based on their marital status.
The Justice Department and Compass said the Birmingham bank will pay
up to $1.75 million, plus interest, to non-married loan customers who
were charged higher interest rates than married couples. A consent
decree, which still must be approved by a federal judge in Birmingham,
says Compass promised it will not discriminate on the basis of marital
status in any aspect of its automobile lending. Ed Bilek, a Compass
senior vice president, said the bank admitted no wrongdoing and noted
that the loans in question occurred between May 2001 and May 2003. He
declined to say how many loans were involved in the investigation,
saying only "it did not represent a significant amount of our
business." The probe looked at lending through the bank's operating
territory. Compass had revealed in a quarterly filing with the
Securities and Exchange Commission last August that the Justice
Department was investigating its auto lending practices. In the
filing, Compass said the investigation concentrated on its "indirect
auto lending" practices. Indirect loans originate at auto dealers and
are forwarded to banks for approval.
The Justice Department said Compass has
implemented changes to its lending procedures that bar distinctions
based on marital status and will maintain those new policies. Compass
said it will provide enhanced equal credit opportunity training to its
officers and employees who set rates for automobile loans.
Legislature in Turmoil
The newly elected leadership in the Alabama state
senate has legislators in an uproar with changes in senate rules. On
the house side, Rep. Randy Wood of Anniston says the problems in the
senate affects both houses. Rep. Wood said things in the house have
been shaken up a bit as well. Wood said he has received several key
committee appointments. Both chambers of the house continue to hold
organizational meets in Montgomery in preparation for the legislative
session which begins in march.
The Alabama 810
Radio News content of this page is the exclusive copyrighted property
of Alabama Radio 810 LLC.
Advertise with GetCalhoun.com...
Find out why we are the Internet Source for Calhoun County
Click the link above for your advertising answer. No matter the size of
your business, you can afford GetCalhoun.com! We like
making your business succeed on the net!
Anniston Alabama, Oxford Alabama, Alabama Piedmont, Jacksonville
AL, Ohatchee AL! Calhoun County, Talladega County, St Clair
County, Randolph County, and Cleburne County!