June 14, 2025

california

Loans

Is 725% interest on short-term loan from Clear Air Lending legal?

The father said he didn’t know the interest rate on the loan, other than it was absurdly high. When I looked up the online lender, an apparently legitimate business called Clear Air Lending, I was stunned to see it charges as much as 725 percent on its loans. That’s right, 725 percent. With excellent credit

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Finance

Evan Low fined $106,000 for campaign finance violations including “intent to conceal” payment to Alec Baldwin – East Bay Times

California’s political watchdog organization is slapping former Assemblymember Evan Low with a $106,000 fine for 23 counts of violating state campaign finance laws — allegations that include using his tech nonprofit to pay actor Alec Baldwin more than $227,000 to appear at an event for the group and a fundraiser for Low, which investigators said

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Finance

Evan Low fined $106,000 for campaign finance violations including “intent to conceal” payment to Alec Baldwin – The Mercury News

California’s political watchdog organization is slapping former Assemblymember Evan Low with a $106,000 fine for 23 counts of violating state campaign finance laws — allegations that include using his tech nonprofit to pay actor Alec Baldwin more than $227,000 to appear at an event for the group and a fundraiser for Low, which investigators said

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Finance

Sausalito fires finance director, installs substitute

Sausalito has fired its finance director on the brink of budget drafting season, but it won’t say why. Chad Hess had held the position since July 18, 2023, after an interim period performing the job, according to the city. His most recent annual salary was $174,573. City Manager Chris Zapata said Hess’ dismissal is a

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Funds

Immigration groups sue Trump administration over cuts to legal funds for unaccompanied minors – The Mercury News

Several nonprofit groups across the country are suing the U.S. Department of Health and Human Services in a bid to restore funding tied to providing legal representation for roughly 26,000 unaccompanied children in the United States, days after the Trump administration moved to cancel such contracts. The federal lawsuit announced Wednesday, March 26, was filed

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Funds

Chevron funds to potentially pay off millions in Richmond pension debt – The Mercury News

In what officials say would be a financially responsible move, the city may use a portion of a $550 million payout from Chevron to settle some of its unfunded pension liabilities. An annual $50 million payment from the Chevron Richmond Refinery will flow into Richmond’s general fund for the next 10 years as part of

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Investors

California Bills Could Rise So Investors Can Be Paid More

A utilities company in California has requested permission to increase bills for millions of customers so it can make better returns for its investors. Newsweek has contacted PG&E for comment via email outside regular working hours. Why It Matters Pacific Gas and Electric Co. provides natural gas and electrical service to about 16 million people

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