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Cobb, DeKalb, Fulton sue HSBC over predatory lending

Cobb, DeKalb, Fulton sue HSBC over predatory lending

ATLANTA -- Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC engaged in predatory lending that ended up costing them hundreds of millions of dollars.

Cobb, DeKalb and Fulton counties say the bank aggressively signed minorities to housing loans that were likely to fail. The counties say it caused tremendous damage, including extra expenses and lost tax revenue.

The lawsuit says the banks violated the Fair Housing Act, which provides protections against housing or renting policies or practices that discriminate on the basis of race, color, national origin, religion, sex, family status or handicap.

A lawyer for HSBC said he couldn't comment on the lawsuit, which was filed in October. A federal judge has given the bank until Jan. 25 to file a response.

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com, the digital platform for career women, hosted its 8th Annual Fall Empowerment Event on November 13. More than 300 professional women attended the luncheon event, at the Atlanta History Center, along with more than 550 unique viewers joining via live stream. Some viewers planned gatherings of 50 or more women and leveraged the event to enhance their own business and networking meetings in cities across the globe.

The executives on the panel candidly answered questions related to their career paths to the C-Suite. Glenda Umaña, anchor at CNN en Español, was the event’s moderator. Read LittlePINKBook.com’s “Top 10 Takeaways” for favorite thoughts shared by the three panelists:

·        Teri List-Stoll, SVP and Treasurer, Procter & Gamble

Higher pay for DeKalb school administrators draws fire

DEKALB COUNTY, Ga. -- Just a few months ago, DeKalb County's School Board was cutting millions from its budget and eliminating jobs.

Now some are wondering how they can approve raises for 4 top school administrators, especially with very little public notice.

"We didn't even have a full board to even vote on the decision to give those particular people raises," DeKalb County parent Cheryl Miller told 11Alive News.

The community school activist accuses the school system of pulling a fast one.

They only gave a few hours notice that the salary hikes would be on the agenda for a Monday meeting attended by only five of nine board members.

At the request of new Superintendent Cheryl Atkinson, the board voted 3-to-2 to give higher salaries to four of her top administrators, ranging from $3,400 to $4,000 a year more.

Atlanta Home Prices Rising

ATLANTA - Things are brighter for the economy. Real estate prices in Atlanta are increasing and that's cause for hope. It was a perfect day for an open house on Sunday when we caught up with local real estate agent Ann Morris at her Inman Park listing.

"I think people are wanting to move back into town,"she said.

Intown market research by Adams Realtors shows some inner city neighborhoods are seeing price increases.

Home prices in Cabbagetown and Edgewood have increased 8 percent over a year ago and midtown prices are up 4 percent.

"I have seen some prices going up," Devon Johnson told us as he was touring another open house in Inman Park.

He's also seen inventory going down which explains some of the new home construction going on down the street on North Highland Avenue where 57 new townhouses are being built along the belt line.

Two block away 18 new townhomes have been built, all but two are sold.

Dept. of Labor launches system to improve unemployment insurance

Dept. of Labor launches system to improve unemployment insurance

ATLANTA -- The Georgia Department of Labor recently rolled out a new electronic system designed to increase efficiency and reduce costs of operating the state's unemployment insurance program.

Georgia is one of 10 states to adopt the State Information Data Exchange (SIDES) E-response. It allows employers to respond promptly to the Department of Labor when a former worker files an unemployment claim, according to state Labor Commissioner Mark Butler.

"This new online capability is part of our continuing effort to make the Georgia Department of Labor more user-friendly and technologically up-to-date," Butler said in a statement. "This will significantly speed communications between the labor department and employers. At the same time, it will help prevent some overpayments to people who might not be eligible for benefits, saving us from having to go back and try to collect money from ineligible applicants."

Follow the Dekalb Chamber of Commerce on Social Media

Follow the Dekalb Chamber of Commerce on Social Media

In a recent survey on social media we asked "Why aren't you following the Chamber on Social Media?"

We got a wide variety of responses from "My bad" to "I really do not like the time it takes and the mundane petty responses about nothing . . I am wayyyyyyyyyyyy tooooooooooooo busy for the backandforthbackandforth nothing said of the social media world . . . ." <?xml:namespace prefix = o />

 

Please allow me to take a second to address some of your concerns.

Decatur residents to speak out about Walmart at Feb. 23 Community Forum

DECATUR --  (submitted by Good Growth Dekalb) Walmart has plans of opening a location in The Surburban Plaza in Decatur.  This has stirred a most vocal contingent of residents that are against this proposal and are fighting the coming of Walmart.  Below is their latest release:

Neighbors of Suburban Plaza Shopping Center will have their first clear opportunity to "have their say" at a Community Forum hosted by Good Growth DeKalb on Thursday, Feb 23 at 7:00 p.m. at North Decatur Presbyterian Church (611 Medlock Road, at the Corner of Medlock and North Decatur Roads). The goal of the meeting is for residents of the city of Decatur and neighborhoods surrounding Suburban Plaza, where Selig Enterprises has proposed building a 149,000 square foot Walmart Supercenter, to weigh in on the development and share their vision for better community development.