It is official that Hillary Clinton had clinched the nomination for President. But, this roll call vote for Larry Sanders, Bernie Sanders, who cast the final vote as a representative of Democrats living abroad was very emotional. Yes, Bernie Sanders has lost the Presidential nomination. But the media tend to forget that candidates have family and parents too and may have been the first of their family to run for President or any other public office position. Indeed, any parent would be proud of his or her child that wanted to make a difference in this world.

Huffington Post:

“I want to read, before this convention, the names of our parents, Ely Sanders and Dorothy Sanders,” said Larry. “They did not have easy lives, and they died young. They would be immensely proud of their son and his accomplishments. They loved him.”

“They loved the new deal of Franklin Roosevelt and…

The bank has agreed to pay $335 million to settle a lawsuit brought by the Pennsylvania Public School Employees’ Retirement System.

The U.S. District Court for the Southern District of New York has preliminarily approved a settlement of a lawsuit brought by Pennsylvania Public School Employees’ Retirement System against Bank of America over the bank’s mortgage-back securities program.

The lawsuit, originally filed in 2011, claims the defendant violated federal securities law by allegedly misrepresenting and concealing the magnitude of the bank’s potential exposure to demands to repurchase mortgage-backed securities that had been sold by Bank of America and Countrywide Financial Corporation, and about alleged risks to the Bank arising from its use of and reliance on a national database that tracks changes in mortgage servicing rights and beneficial ownership interest in loans secured by residential real estate. The lawsuit claims the misrepresentations caused Bank of America stock to trade at…

The court held that the FDCPA unambiguously requires any debt collector – first or subsequent – to send a section 1692g(a) validation notice within five days of its first communication with a consumer in connection with the collection of any debt.