Business Credit – How To Occupy http://howtooccupy.org/ Tue, 08 Mar 2022 08:56:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://howtooccupy.org/wp-content/uploads/2021/07/icon.png Business Credit – How To Occupy http://howtooccupy.org/ 32 32 DO PAYDAY LOANS EVEN APPLY IF YOUR CREDIT SCORE IS BAD? https://howtooccupy.org/do-payday-loans-even-apply-if-your-credit-score-is-bad/ Tue, 08 Mar 2022 08:56:05 +0000 https://howtooccupy.org/?p=2325 GET A LOAN DECISION THAT IS GUARANTEED EVEN IF YOU HAVE BAD CREDIT If you think the process of obtaining the online cash loan with bad credit is complicated, then you’re not. There is no guarantee that you’ll get instant approval on the loan request, or even any type of approval however it doesn’t mean that […]]]>

GET A LOAN DECISION THAT IS GUARANTEED EVEN IF YOU HAVE BAD CREDIT

If you think the process of obtaining the online cash loan with bad credit is complicated, then you’re not. There is no guarantee that you’ll get instant approval on the loan request, or even any type of approval however it doesn’t mean that there’s no chance of getting a loan at an acceptable APR , as in Oak Park Financial they offer payday loans for people with bad credit.

Is there a loan to help with bad credit?

The phrase “bad credit” is a reference to personal loans that are available regardless of credit scores. Direct lenders that focus on bad credit look at other factors besides creditworthiness such as income sources and what you owe in existing outstanding debts when determining whether they can provide you with an loan even with a low credit rating or otherwise.

Every lender has their specific method for reviewing applications. This process is in place. And the greater the number of lenders you get in touch with, the better chance of being approved. Oak Park Financial can assist in contacting several lenders in one loan application.

Can I get a low credit loan that Guarantees immediate approval?

The simple answer is No. You cannot guarantee you can get money in a matter of minutes because no lender can promise you that the application that they make will be approved. If the lender believes that the chance of not paying for you is high, the application will likely be denied.

Go to our page about instant loans to learn more information.

Credit applications for those with bad credit can be complicated as it’s more difficult for the lender to evaluate their creditworthiness and the applicant will have a lower approval rates and higher rates of interest when they are approved even though they have low credit scores.

Here are some tips to improve your chances of getting approved for a loan even with low credit scores:

  • You must include the correct information in the application for a loan.
  • It is important to record every source of earnings that you make (benefits dividends, benefits , and the earnings from freelance work).
  • Get started on building credit today. It’s a lengthy process and the end product is enough to be worth it.
  • If you are in debt that are numerous, you wish to consolidate the debts.
  • Think about a secured bad credit loan for collateral.
  • Find a cosigner who has an excellent credit score.

What happens If there’s no Check for credit?

If you have a poor credit score, you should steer away from any lender that may conduct a credit inquiry on you. This could harm your credit score more.

Although the majority of our lenders perform an informal credit assessment which doesn’t impact the credit score of your customer There’s no assurance that some lenders will not conduct a real credit check.

What is the maximum amount I can borrow with a poor credit score?

If you opt to get secured loans the maximum amount you’re able to take out will be determined by your lender’s requirements, as well as the kind of loan you choose to get and the regulations of your state.

If you need an emergency loan, have a look at payday loans. an interest in $100-$100 payday loans

If, for instance payday loans are available in the state you reside in with Oak Park Financial, you could apply for a zero cash payday online with a maximum of $1500 (the amount may be lower dependent on the limit set by statute of your state).

An installment loan is a different possibility that’s very popular among people with bad credit. If you’re looking for months-to-month installment loans you can opt for a loan of up to $5000 and must be paid back in fixed monthly installments. These loans are secured. This means they don’t have co-signers nor collateral.

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In Recognition of National Consumer Protection Week, Attorney General Bonta Highlights Consumer Resources and ACJDO Priorities | State of California – Department of Justice https://howtooccupy.org/in-recognition-of-national-consumer-protection-week-attorney-general-bonta-highlights-consumer-resources-and-acjdo-priorities-state-of-california-department-of-justice/ Mon, 07 Mar 2022 15:13:51 +0000 https://howtooccupy.org/in-recognition-of-national-consumer-protection-week-attorney-general-bonta-highlights-consumer-resources-and-acjdo-priorities-state-of-california-department-of-justice/ Urges consumers to report violations of law to the California Department of Justice at oag.ca.gov/report OAKLAND – In recognition of National Consumer Protection Week, California attorney Rob Bonta today highlighted ongoing efforts to protect California consumers and urged consumers to report misconduct or violations of privacy laws. state consumers to the California Department of Justice […]]]>

Urges consumers to report violations of law to the California Department of Justice at oag.ca.gov/report

OAKLAND – In recognition of National Consumer Protection Week, California attorney Rob Bonta today highlighted ongoing efforts to protect California consumers and urged consumers to report misconduct or violations of privacy laws. state consumers to the California Department of Justice (DOJ) at oag.ca.gov/report. Complaints filed by the public play a vital role in the Attorney General’s consumer protection efforts by providing DOJ with important information about potential wrongdoing to help determine whether a company or individual should be investigated. Enforcement priorities at the DOJ include housing, debt collection, data privacy, higher education, and consumer lending.

“Many in California are buried under a mountain of debt: whether it’s student loans, credit card debt, mortgage payments, or all of the above,” Attorney General Bonta said. “In California, we have strong consumer protection laws, but unfortunately there are still those who seek to take advantage of them. Our team works around the clock to protect consumers and hold bad actors accountable, but we have need your help.If you have been exploited by a predatory lender, are facing abusive debt collection practices, have been unlawfully evicted, or have information about other violations of the law, please file a complaint with my office.The leads we get from the public help us identify where companies are trying to circumvent the law – and help us hold companies accountable.

LODGING: California is facing a housing shortage and affordability crisis of epic proportions. In November, Attorney General Bonta announced the creation of a housing strike force within the California Department of Justice and launched a housing portal on the DOJ website with resources and information for landlords. and California tenants.

The Housing Strike Force encourages Californians to send housing-related complaints or advice to housing@doj.ca.gov. The Housing Strike Force is particularly interested in advice relating to illegal evictions and rent increases, housing discrimination, and the origination and servicing of mortgages. Information about legal aid in your area is available at www.lawhelpca.org.

DEBT RECOVERY: State law protects Californians from abusive, unfair, or deceptive debt collection practices. Attorney General Bonta is urging Californians who receive a notice from a debt collector to respond as soon as possible, even if they don’t owe the debt. If you don’t, the collector may continue to try to collect the debt, report negative information to credit reporting companies, and even sue you.

Collection agents may not contact you repeatedly over a short period of time to annoy or harass you, make false or misleading statements, or contact you at unusual or inconvenient times or places. If you think a debt collector is breaking the law, you can file a complaint at oag.ca.gov/report. For more information on debt collection, go to oag.ca.gov/consumers/general/debt-collectors.

DATA PRIVACY: The California Consumer Privacy Act (CCPA) grants consumers groundbreaking rights over their personal information, including:

  • The right to know – Consumers can ask a company to tell them what specific personal information they have collected, shared or sold about them, and why it was collected, shared or sold.
  • Right to deletion — Consumers can ask a business to delete the personal information it has collected from the consumer, subject to certain exceptions.
  • Right of withdrawal — If a business sells its personal information, consumers can ask that it stop doing so.
  • Rights of minors — A company cannot sell the personal information of minors under 16 without their permission and, for children under 13, without parental consent.
  • Right to non-discrimination — A company cannot discriminate against consumers who exercise their rights under the CCPA.

For more information about the CCPA, visit oag.ca.gov/ccpa. To report a CCPA violation to the Attorney General, submit a complaint at oag.ca.gov/report. You can also use the Consumer Privacy Tool to directly notify businesses that don’t have a clear, easy-to-find “Do Not Sell My Personal Information” link on their homepage.

HIGHER EDUCATION: There is a $1.7 trillion student debt crisis in the United States, and the DOJ is committed to holding bad actors accountable for defrauding California students. If you believe you have been the victim of predatory lending, deceived by a for-profit college, or otherwise exploited, you can file a complaint with our office at oag.ca.gov/report.

California students can also take advantage of recent developments resulting from the work of the DOJ. In January, Attorney General Bonta announced a settlement with student loan manager Navient to resolve allegations of misconduct in the servicing and collection of federal student loans. Californians do not need to take any action to receive the benefits required under the settlement. More information about the settlement is available at www.NavientAGSettlement.com.

After years of effort by state attorneys general and others, the Biden administration recently announced a sweeping overhaul of the broken Public Service Loan Forgiveness (PSLF) and Temporary Public Service Loan Forgiveness programs. the extended public service (TEPSLF). Attorney General Bonta encourages Californians working in the government or nonprofit sector to take advantage of the Department of Education’s limited public service loan waiver waiver opportunity to receive credit for past payments made on loans that would otherwise not qualify under the PSLF program. Borrowers requesting loan forgiveness under the recent changes must take action by October 31, 2022.

READY FOR CONSUMPTION: Attorney General Bonta pledged to protect vulnerable California borrowers from predatory lenders and others who seek to take advantage. To that end, the Attorney General is urging Californians to report predatory lenders at oag.ca.gov/report.

Californians should also try to avoid certain loans when possible. To avoid getting stuck in a debt trap, avoid payday loans if you can. Payday loans can turn a short-term need for emergency cash into a long-term, unaffordable cycle of high-interest loans you can’t repay. In California, payday lenders can lend up to $300 and charge a maximum of $45 in fees. Although these fees do not seem too high, the average annual rate of payday loans is 372%. This is a much higher rate than most other loans or credit cards. You can contact the Department of Financial Protection and Innovation to verify a payday lender’s license, history of disciplinary action against a payday lender, or to file a complaint. You can also file a complaint with our office.

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Credit FAQ explores the rapid growth engines of Islamic banks https://howtooccupy.org/credit-faq-explores-the-rapid-growth-engines-of-islamic-banks/ Mon, 05 Jul 2021 12:40:11 +0000 https://howtooccupy.org/credit-faq-explores-the-rapid-growth-engines-of-islamic-banks/ Singapore, July 5 (ANI): Islamic banks are expected to continue to grow faster than their traditional Southeast Asian counterparts, and SP Global Ratings will bring growth drivers and risks to the industry between now and Covid- Monday, after analysis. The Islamic Bank said it has enjoyed government support, a large Muslim population in many Southeast […]]]>


Singapore, July 5 (ANI): Islamic banks are expected to continue to grow faster than their traditional Southeast Asian counterparts, and SP Global Ratings will bring growth drivers and risks to the industry between now and Covid- Monday, after analysis.

The Islamic Bank said it has enjoyed government support, a large Muslim population in many Southeast Asian countries, and a strong demand for Sharia-compliant financial products.

Additional benefits include increased standardization of contracts and the potential integration of global legal and regulatory frameworks for Islamic finance.

Nonetheless, these institutions, such as traditional banks, are experiencing a pandemic crisis. In the new wave of infection, growth rates of Islamic banks are expected to ease and tensions over asset quality will last longer, SP said.

High levels of tolerance for traditional and Islamic banks mask the true range of weak lending in these emerging markets. Recognition of problematic loans will be delayed, but temporary solutions will help stressed borrowers.

This potentially masks asset quality issues and underestimates the impact on earnings and capital, SP said.

In addition, the sudden disruption of business and operations brought on by the pandemic has resulted in a rapid shift in mindset and strategy among Islamic lenders who are more actively considering product digitization, FinTech partnerships and outsourcing. Did.

In addition to these questions, the FAQ addressed other questions that investors may have, such as downside risk, mergers and acquisitions, comparative growth in sectors between Brunei, Indonesia, Malaysia and the Philippines. (ANI)

Credit FAQ explores the rapid growth engines of Islamic banks

Credit FAQ explores the rapid growth engines of Islamic banks

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Ready to sue Equifax? Here’s what you need to know https://howtooccupy.org/ready-to-sue-equifax-heres-what-you-need-to-know/ Thu, 11 Mar 2021 06:19:37 +0000 https://howtooccupy.org/ready-to-sue-equifax-heres-what-you-need-to-know/ Consumers haven’t been shy about challenging Equifax since news of its massive data breach broke. Lawyers have filed dozens of lawsuits. And more than 25,000 people have tried using a chatbot to individually sue the credit bureau, according to its creator. Victims have many legal avenues. Before choosing one, think about the impact it could […]]]>

Consumers haven’t been shy about challenging Equifax since news of its massive data breach broke.

Lawyers have filed dozens of lawsuits. And more than 25,000 people have tried using a chatbot to individually sue the credit bureau, according to its creator.

Victims have many legal avenues. Before choosing one, think about the impact it could have on your budget and future financial decisions. Several credit unions — and the industry’s largest national trade association — also sued the credit bureau.

Join a class action

Joining a class action lawsuit against Equifax is no longer necessary, says former Georgia Governor Roy Barnes, whose firm joined other attorneys in filing a lawsuit. At this point, potential data breach victims should wait and see what happens.

A hearing is scheduled for November 30. Many of Equifax’s cases could be combined into one lawsuit.

If the class action in the consolidated Equifax case is certified — or allowed to proceed as a class action lawsuit — anyone who fits the description of a class member is automatically covered, says Paul Bland, executive director of a law firm called Public Justice. Class members must be notified and given the opportunity to opt out of the lawsuit.

Equifax should provide a list of potential data breach victims. But you may not receive notices for a variety of reasons, such as having an old address on file, Bland says. If you do not receive a letter, postcard or email, look for advertisements or information from Equifax with further instructions.

For some victims, suing Equifax individually may be a better idea.

“If someone has a lot of damage – their credit is destroyed or they put down a down payment to buy a house and now they can’t get a mortgage and they lose the down payment, they lose their dream house – now his damages are enough to pay for a lawyer,” says Jeff Sovern, a law professor at St. John’s University in New York.

Barriers to Class Actions

Class action prohibitions in arbitration clauses are normally the biggest hurdles to such lawsuits, says Olsen Daines PC partner Michael Fuller, lead attorney in a class action lawsuit against Equifax. Contracts with financial companies often require consumers to work with arbitrators, preventing them from using class action lawsuits to resolve disputes. A rule being considered by Congress could change that.

If consumers have agreed to an arbitration clause, they are usually stuck. But those deals can be rescinded if there’s public pressure, Sovern says.

Arbitration clauses were an issue in the case involving unauthorized accounts opened by Wells Fargo. But the bank agreed to a class action settlement after a wave of bad publicity.

After some initial confusion following the disclosure of the breach, Equifax said it will not fight arbitration over “claims related to the cybersecurity incident.”

Sometimes courts strike down arbitration clauses by declaring them invalid.

“Periodically someone messed up the way they formed it and we’re able to get around the arbitration clause and have it thrown out,” says Public Justice’s Bland.

Other Legal Remedies

Joshua Browder recommends filing a small claim if you are a potential data breach victim. He thinks he is. His credit card was recently used to make unauthorized purchases.

DoNotPay — a chatbot introduced by Browder to challenge parking tickets and landlords — can now help consumers sue Equifax. Provide your name, address and phone number and you will receive the documents you need to file a small claim.

Anyone across the country could soon use the chatbot and sue up to $25,000 (depending on your state) in small claims court. So far, this is only possible for residents of California and New York.

Josh King, general counsel at Avvo, said filing a small claim could cost you hundreds of dollars in filing fees. This is not the case for class actions, which law firms finance. Also, since small claims cases can move quickly, you should wait until you hear more about the hack and how you are affected.

Since piracy is relatively new, you may not be able to prove you were wronged by the time the case goes to court, King says.

As you evaluate your legal options, take other steps to protect yourself, such as setting up a security freeze and reviewing your credit report.

Find a Class Action Lawyer

Although you don’t need to file a class action lawsuit in Equifax’s case, in other cases where you think you’ve been wronged, you can find class action lawyers using the following resources:

Avvo.com rates lawyers and offers client reviews. Another useful website is Consumer Action’s Class Action Database.

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How to Get Your Part of the Wells Fargo Banking Scandal Settlement https://howtooccupy.org/how-to-get-your-part-of-the-wells-fargo-banking-scandal-settlement/ Thu, 11 Mar 2021 06:19:37 +0000 https://howtooccupy.org/how-to-get-your-part-of-the-wells-fargo-banking-scandal-settlement/ Consumers exploited by one of the largest banks will no longer be waiting for a slice of the big pie from a class action settlement. Wells Fargo’s $142 million settlement — which covers people who had unauthorized accounts opened in their names — received final approval in mid-June from a California district court. Unsubscribe deadlines […]]]>

Consumers exploited by one of the largest banks will no longer be waiting for a slice of the big pie from a class action settlement.

Wells Fargo’s $142 million settlement — which covers people who had unauthorized accounts opened in their names — received final approval in mid-June from a California district court. Unsubscribe deadlines have passed, but customers have until July 7 to file a complaint.

The bank, which is working to restore its image, has found itself in hot water several times in recent months. In April, he was fined by federal regulators. And in May, Wells Fargo agreed to pay following allegations that it failed to promptly disclose details of the fake accounts scandal to investors. According to a class action lawsuit filed in federal court, its shares were trading at “artificially inflated prices.”

If you think you were a victim of the incident involving fake accounts, visit wfsettlement.com. While you’re waiting to receive your share, there are things you can do right now, like checking your credit report.

Determine if you are affected

As many as 3.5 million credit cards, lines of credit, and checking and savings accounts have potentially been opened without consent. You may be entitled to compensation if, between May 1, 2002 and April 20, 2017, you:

  • Had an account opened without authorization.
  • Had an account application submitted under your name without authorization.
  • Were enrolled in Wells Fargo Identity Theft Protection Services.

If you’ve contacted the feds or the bank about your fake accounts, chances are you’ll be automatically included in the class action settlement. By now, you should have received a claim form in the mail.

Not sure if you are automatically enrolled in the class action settlement? Contact the settlement administrator (1-866-431-8549). And if you’re unsure whether an unauthorized account has been opened in your name, call Wells Fargo Account Services (1-800-869-3557).

If you are not automatically considered a Class Member and need to file a claim, you must do so online or by mail. The deadline – which was originally February 3 – has been pushed back to give customers more time to participate in the settlement.

“Wells Fargo and plaintiffs’ attorneys requested the extension to July 7, 2018, to respond to a request from a group of state attorneys general to allow current and former customers more time to file claims and to send additional notices via email and mail to ensure our outreach is thorough and gives people enough time to file claims,” ​​Wells Fargo spokesman Jim Seitz said. “This demonstrates our commitment to doing things right.”

Reimbursement for victims

Victims who have paid fees associated with unauthorized accounts may receive a lump sum refund or payment based on the amount they were charged. Credit-related damages may also be awarded to customers who ended up with a higher credit card or loan interest rate after the fake accounts were opened.

If you were automatically enrolled in the settlement and do not submit a claim, you will be eligible to receive whatever remains after other cash benefits are paid.

Now that a court has granted final approval for the settlement, Wells Fargo and the plaintiffs will decide how much money each class member will receive. Then, payments will be made to eligible customers, a press release said.

If you requested to be excluded from the settlement, you will not receive any compensation. If you don’t file a claim – and Wells Fargo has no proof that you were actually hurt – you won’t get anything.

Check your credit report

If you think your credit has been damaged, don’t wait (especially if you’re considering applying for a mortgage or auto loan). Get free copies of your credit reports and check for errors. If you find errors, you can dispute them online with each of the reporting offices.

“You need to check all three credit reports from all three agencies, because sometimes different credit agencies may have different information,” says Rachel Kampersal, associate of marketing communications and programs at American Consumer Credit Counseling.

If your credit was actually impacted because an account was opened without your consent, file a complaint and indicate that you allow the Settlement Administrator to view your credit report. Frequently Asked Questions notes that credit impact damages will be calculated by multiplying the “increased cost of credit” by the “likelihood that your credit score will drop to a different level.”

Learn more

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Ford changes direction as new COO reshapes management team https://howtooccupy.org/ford-changes-direction-as-new-coo-reshapes-management-team/ Thu, 11 Mar 2021 06:19:37 +0000 https://howtooccupy.org/ford-changes-direction-as-new-coo-reshapes-management-team/ Ford engine (NYSE:F) announced a series of management shakeups on Thursday, as new chief operating officer Jim Farley decided to realign his management team. Kumar Galhotra, president of Ford’s North American business unit, will assume an expanded role overseeing South America and the company’s international markets group. Galhotra will have profit and loss responsibility for […]]]>

Ford engine (NYSE:F) announced a series of management shakeups on Thursday, as new chief operating officer Jim Farley decided to realign his management team.

Kumar Galhotra, president of Ford’s North American business unit, will assume an expanded role overseeing South America and the company’s international markets group. Galhotra will have profit and loss responsibility for most of Ford’s global regions outside of China, including a newly created commercial vehicle unit in the United States and Canada.

Galhotra, who previously led an overhaul of Ford’s Lincoln luxury brand, will continue to report to Farley.

Former Lincoln chief Kumar Galhotra will now run most of Ford’s business outside of China. Image source: Ford Motor.

Lisa Drake, currently vice president of global purchasing, will retain this role and add a new one as chief operating officer of Ford North America, reporting to Galhotra. Its task will be to bring “increased attention to product launches, lower warranty costs and improved material costs,” the company said in a statement.

Ford’s 2019 results were hurt by high recall (or “warranty”) costs and a rocky launch of the all-new Explorer SUV.

Ted Cannis, who led the Detroit-based skunk works that produced the battery-electric Mustang Mach-E, will lead the new utility vehicle business in the United States and Canada, reporting to Galhotra. Commercial vehicles, long a strength for the company, have become a priority under CEO Jim Hackett’s global restructuring plan.

Ford also announced the hiring of Gil Gur Arie, who recently retired from the Israeli Military Intelligence Corps with the rank of colonel. He will serve as Head of Global Data Insights and Analytics, reporting to Farley. Gur Arie will be responsible for leading Ford’s big data and artificial intelligence efforts, the company said.

All changes will take effect on May 1.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

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Why Curaleaf marijuana stock rose 11% on Monday https://howtooccupy.org/why-curaleaf-marijuana-stock-rose-11-on-monday/ Thu, 11 Mar 2021 06:19:37 +0000 https://howtooccupy.org/why-curaleaf-marijuana-stock-rose-11-on-monday/ What happened Curafeuille Holdings ( CURVE -7.50% ) Shares rose more than 11% on Monday on news of a new acquisition. The company has announced that it now holds the exclusive rights to the All Rebels Rockers dispensary license in Arizona, which it acquired from Chicago-based cannabis supplier, privately held Grassroots. Curaleaf did not specify […]]]>

What happened

Curafeuille Holdings ( CURVE -7.50% ) Shares rose more than 11% on Monday on news of a new acquisition.

The company has announced that it now holds the exclusive rights to the All Rebels Rockers dispensary license in Arizona, which it acquired from Chicago-based cannabis supplier, privately held Grassroots. Curaleaf did not specify what it paid, nor detail the terms of the agreement.

Image source: Getty Images.

So what

Curaleaf sees this as a harbinger of its outright acquisition of Grassroots, one of the longest deals in the cannabis industry right now.

The two companies first announced their proposed combination nearly a year ago. At the time, the Grassroots deal was valued at $875 million. In light of growing difficulties for marijuana businesses of late, however, the price of the arrangement was reduced last month to around $700 million.

Curaleaf issued a note of confidence in its announcement of the acquisition of the license in Arizona. The purchase “strengthens our presence in the state, which continues to be one of the largest medical cannabis markets in the country,” CEO Joseph Lusardi said in a press release. “This too mark one final steps before the official closing of our acquisition of Grassroots.”

Now what

The All Rebels Rockers deal is a small potato compared to the rest of Grassroots, which is the true price. Core shareholders will vote on the acquisition of Curaleaf on Thursday. Even if they are very likely to approve it, investors should nevertheless expect a “phew, it’s finally over” for the title afterwards.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

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Curaleaf hires new head of retail https://howtooccupy.org/curaleaf-hires-new-head-of-retail/ Thu, 11 Mar 2021 06:19:37 +0000 https://howtooccupy.org/curaleaf-hires-new-head-of-retail/ Curafeuille Holdings ( CURVE -7.50% ) replaced one of its main leaders. The company announced Thursday that it had named Talley Wettlaufer as senior vice president of retail, essentially the general manager of the company’s growing retail network. The appointment is effective immediately. Wettlaufer succeeds Chris Melillo, who has parted ways with the company. Curaleaf […]]]>

Curafeuille Holdings ( CURVE -7.50% ) replaced one of its main leaders. The company announced Thursday that it had named Talley Wettlaufer as senior vice president of retail, essentially the general manager of the company’s growing retail network. The appointment is effective immediately.

Wettlaufer succeeds Chris Melillo, who has parted ways with the company. Curaleaf did not provide a reason or reasons for his departure.

Image source: Getty Images.

The company’s new head of retail is one of the few cannabis industry executives with experience working at a senior management level for another company in the industry. She was previously head of retail at Grassroots, the private operator that was eventually acquired in July by Curaleaf more than a year after the two companies formally agreed to merge.

A long-time veteran of the retail industry, Wettlaufer has held many positions for consumer-facing companies such as Abercrombie & FitchPetco and J. Crew.

In its press release touting his appointment, Curaleaf quoted Wettlaufer as saying, “I look forward to creating exceptional experiences for all of our patients and customers, increasing visibility and preference for our brands, and improving connections community from our local Curaleaf dispensaries.”

With the absorption of Grassroots, the company says it is now the largest marijuana company in the world by revenue. It also claims to be the most diversified and vertically integrated cannabis operator in this country. In total, it operates 93 dispensaries in 23 states serving medical and/or recreational marijuana.

Marijuana stock investors generally like it when a seasoned executive with experience in familiar businesses in more traditional industries steps into the marijuana business. Curaleaf’s stock rose 0.3% on Thursday, in contrast to the sharp decline in the broader stock market.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

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Here’s what the price of the electric Mini Cooper means for the future of electric vehicles https://howtooccupy.org/heres-what-the-price-of-the-electric-mini-cooper-means-for-the-future-of-electric-vehicles/ Thu, 11 Mar 2021 06:19:37 +0000 https://howtooccupy.org/heres-what-the-price-of-the-electric-mini-cooper-means-for-the-future-of-electric-vehicles/ BMW (OTC: BAMXF) recently announced pricing for the first mainstream all-electric vehicle in its Mini brand of premium compact cars. The 2020 Mini Cooper SE will arrive in U.S. dealerships in March 2020, with an MSRP of $29,900 (plus $850 destination charge). This is the price before any tax credit takes effect. According to Mini, […]]]>

BMW (OTC: BAMXF) recently announced pricing for the first mainstream all-electric vehicle in its Mini brand of premium compact cars. The 2020 Mini Cooper SE will arrive in U.S. dealerships in March 2020, with an MSRP of $29,900 (plus $850 destination charge). This is the price before any tax credit takes effect. According to Mini, the price of the electric sedan could drop to $17,900 with federal, state and local incentives if you live in an area that particularly encourages electric vehicles.

The Mini Cooper SE looks, well, like a Mini Cooper, and the untrained eye might not even notice it’s electric. It has a few design cues that give away its electric powertrain, like a distinct SE-specific asymmetrical wheel design, a blocked grille and, of course, special badging that says it’s electric. The fact that BMW didn’t take too many risks with the design is a good thing since the look of the Mini Cooper is distinct and recognizable, so when you see one on the road you can’t mistake which brand He comes from. The Mini Cooper SE will maintain Mini’s reputation for driving pleasure, with its electric motor delivering 181 horsepower and 199 lb-ft of torque with a 0-60 mph time of 6.9 seconds. Mini’s range estimate for the Cooper SE is 146-168 miles (there is no official range from the EPA at the time of this writing) and its battery can reach a charge at 100% AC in just four hours.

image source: BMW.

Compare the competition

So how does the price of the Mini Cooper SE compare to the price of some of its competitors? Like the regular petrol-powered Mini Cooper, the new electric version doesn’t have many direct competitors because it’s such a unique car. What we can compare it to is Nissan Leaf, the oldest name in the BEV (battery electric vehicle) market. The Leaf is a larger sedan with fewer premium features at the base level, and has a range of 150 miles and a starting MSRP of $29,990 for the standard model; $36,550 for the longer range Leaf Plus (226 miles). The Chevy Bolt EV is similar in size, range (238 miles) and features to the Leaf Plus, and is similarly priced, starting at $36,620. You’re hereThe Model 3 is a premium electric compact sedan that starts at $35,000, with range starting at 250 miles in the base model and going up to 322 miles in the long-range model. The Model 3 and the Mini Cooper SE are similar in standard features (navigation, heated front seats, etc.) but compete in different classes since the Mini is a subcompact sedan and a bit smaller than the Tesla.

You’ve probably noticed the trend: the 2020 Mini Cooper SE is priced lower than many of the most popular mainstream electric cars. Not only that, but it’s not priced significantly higher than a standard 2-door Mini Cooper Hardtop, which starts at $23,400 (and obviously isn’t eligible for the same tax credits as the EV since it is not electric). The Mini Cooper SE’s competitive price plus any additional tax incentives give it a good chance of getting the attention it needs to succeed, assuming it’s marketed well.

Cheaper EVs?

But what does this tell us about what we can expect for future EV prices? The Nissan Leaf has always been the high-volume, high-value choice in electric cars, but could Mini change that? Since Mini is still a bit of a boutique brand, it probably won’t see production or sales numbers as high as the Leaf and Bolt, but it might get more people paying attention to the brand. Mini and could influence competitors to make more small electric vehicles to compete with it if it is successful.

Many automakers are talking a lot about plans to introduce more all-electric vehicles, and new ones always seem to be around the corner. Whether these cars hit the market is another story. For example, GM announced in late 2017 that it would launch 20 new electric cars by 2023. That was two years ago, and we haven’t seen any of those 20 cars yet – not even a concept car – at least not at the United States. it’s just one of the most optimistic announcements we’ve heard from an automaker about a slew of new electric cars in a short period of time that’s been slow to materialize.

But Mini has one on loan, and it will be on sale at a reasonable price. When the likes of GM, Fordand volkswagen eventually bring their promised EVs to market (like Ford’s “Mustang-inspired” electric SUV, unveiled this week and arriving late next year), it’s possible the low-cost premium electric compact from Mini could spawn similar rivals in the form of smaller electric sedans in the sub-$30,000 price range. Who knows, we might even see a Tesla slotted under the Model 3 as a new affordable entry-level model. It’s exactly the kind of healthy competition that industry watchers and investors like to see, and the Mini gives us hope for the near future of the electric car scene.

A new stage

What investors should notice about this price announcement is that we could be entering a new phase of mass electric car adoption. Perhaps it’s time to start paying more attention to automakers that have committed to investing in electrifying their lineups and determining which ones are actually succeeding in doing so. Which automakers will prosper as the auto industry becomes electrified remains to be seen, but it’s something that deserves the attention of anyone investing financially in the auto industry.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

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