Posts Tagged Business

Utah Gets $171 Million in Mortgage Fraud Settlement

Utah residents who suffered abusive practices from big banks and lost their homes to foreclosure during the mortgage crisis are getting some relief. As KCPW’s Whittney Evans reports, a joint settlement has been made between the nation’s five largest banks and nearly every state over fraudulent and abusive practices that resulted in millions of foreclosures across the nation.

Committee Shuts Down Plan to End Daylight Savings Time

Utah residents will still be changing their clocks twice a year. Friday, the House Judiciary Committee killed a bill that would have eliminated daylight savings time in the state. Republican Representative Jim Nielson says he brought the proposal forward to protect Utah’s most vulnerable residents.

Proposed Payday Lender Regulation Rejected

One new proposed regulation for payday lenders in Utah won’t be passed out of the legislature this year. This morning, lawmakers voted down a bill that would have forced those lenders to change the way they settle debt collections. KCPW’s Jessica Gail reports on the reason behind the vote, and how the sponsor is reacting.

Politics Up Close: John Swallow running for AG, SL Chamber 2012 Priorities

As Chief Deputy Utah Attorney General, Republican John Swallow has battled against the federal government on issues like health care reform and public lands. Now, with incumbent Mark Shurtleff retiring at the end of 2012, he’s running for his boss’s job.

Orem Shoe Company Now Going Global

Nothing can block success for a runner like a bad shoe. So, when three Utah men continued to see good runners fall short of their potential due to faulty footwear, they decided to do something about it. Altra, now a global shoe company, is based in Utah and got its start at the Outdoor Retailer show in 2009. KCPW’s Jessica Gail reports on how they found success with a new concept, and how the industry is responding.

Leading Business Group Backs Statewide Nondiscrimination Law

Utah’s largest business association, the Salt Lake Chamber, is calling on Utahns to make “big decisions” as the 2012 legislative session begins next week. One of them is for the legislature to pass a statewide nondiscrimination law, modeled after the ordinance passed in Salt Lake City and 11 other municipalities.

Utah Economy Forging Ahead in 2012, According to Economic Outlook

An overview of Utah’s economic outlook in 2012 shows the state will likely feel the effects of the European debt crisis, but job growth is ahead of schedule and continues to outpace other states. KCPW’s Whittney Evans reports on what Utah’s leading economists are predicting for the coming year.

Bill Aims to Regulate Payday Lender Litigation

A Democratic state lawmaker is targeting payday lenders with a bill that aims to outlaw their ability to choose where to take borrowers who default on their loans to court. As KCPW’s Whittney Evans reports, Senator Ben McAdams of Salt Lake City says borrowers should be able to fight their cases close to home.

New, Returning SLC Councilmen to Take Oath of Office

Today is a new day for Salt Lake City government. At noon on the steps of the city-county building, newly elected city council members Charlie Luke and Kyle LaMalfa will take their first oath of office. Joining them will be Salt Lake City Mayor Ralph Becker and City Councilman Luke Garrott, who will be sworn in for a second four-year term to represent the downtown area.

CityViews 12/22/11: One Chapter Ends, Another Begins

Segment 1: Over 80 years ago, Gus Weller opened a second-hand bookstore in downtown Salt Lake City and it evolved into full-service shop on Main Street, filled to the rafters with modern classics, rare books and Mormon titles. But times are changing. In another week, Sam Weller’s Bookstore becomes Weller Book Works and moves to [...]