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"Blizzard Warning" ...Blizzard Warning remains in effect until midnight EST Tuesday night... * locations...New Haven...Middlesex...New London and southern Fairfield counties in Connecticut. Hudson...eastern Bergen... eastern Essex and eastern Union counties in New Jersey. Southern Westchester...New York (Manhattan)...Bronx...Richmond (staten island)...Kings (Brooklyn)...Suffolk...Queens and Nassau counties in New York. * Hazard types...heavy snow and blowing snow...with blizzard conditions. * Accumulations...20 to 30 inches with locally higher amounts... especially across Long Island and Connecticut. * Snowfall rates...2 to 4 inches per hour overnight into Tuesday morning. * Winds...north 20 to 30 mph with gusts up to 55 mph. Gusts up to 70 mph possible across extreme eastern Long Island. * Visibilities...one quarter mile or less at times. * Temperatures...lower to mid 20s. * Timing...snow will be heavy at times through Tuesday. The heaviest snow and strongest winds will be overnight into Tuesday morning. * Impacts...life-threatening conditions and extremely dangerous travel due to heavy snowfall and strong winds...with whiteout conditions. Many roads may become impassable. Strong winds may down power lines and tree limbs. Precautionary/preparedness actions... A Blizzard Warning means severe winter weather conditions are expected or occurring. Falling and blowing snow with strong winds and poor visibilities will lead to whiteout conditions...making travel extremely dangerous. Do not travel. If you must travel... have a winter survival kit with you. If you get stranded...stay with your vehicle. All unnecessary travel is discouraged beginning Monday afternoon...to allow people already on the Road to safely reach their destinations before the heavy snow begins...and to allow snow removal equipment to begin to clear roads. , "Coastal Flood Warning" ...Coastal Flood Warning remains in effect from 3 am to 7 am EST Tuesday... * locations...the New York coasts of the western Long Island Sound. * Tidal departures...most likely 2 1/2 to 3 ft above the astronomical tide...with a worst case of 3 1/2 ft. * Timing...3 to 7 am late tonight into early Tuesday morning. * Beach erosion impacts...3 to 5 ft waves and high storm tide may cause beach erosion along the north facing shorelines open to the Long Island Sound. A few exposed Waterfront structures may be damaged. * Coastal flooding impacts...flooding of vulnerable shore roads and/or adjacent properties due to height of storm tide and/or wave action. Vulnerable shore Road closures may be needed. Precautionary/preparedness actions... A coastal Flood Warning means that flooding is expected or occurring. Coastal residents in the warned area should be alert for rising water...and take appropriate action to protect life and property. ...Most likely western l.I. Sound water levels for late tonight... Coastal............time of......forecast total.....Flood..... Location...........high Tide.....Water level.......category.. ....................................(mllw)................... Kings Point NY......455 am........10.2-10.8.......moderate... Glen Cove NY........445 am........10.6-11.2.......moderate... , "Special Weather Statement" ...Heavy snow will impact Bronx...eastern Putnam...Fairfield...Kings (Brooklyn)...Middlesex...Nassau...New Haven...New London...Queens... Suffolk and Westchester counties... At 943 PM EST...National Weather Service Doppler radar was tracking multiple bands of heavy snow working west from Suffolk County and southeastern Connecticut. Snowfall rates of 2 to 3 inches per hour are expected with the snow. Travel is not recommended A Blizzard Warning remains in effect for the area. Ds -- Monday Jan.26 15,10:48 PM Weather  |  LIRR  |  Traffic  |  Traffic Cams |  Weather News

 

AG Schneiderman Leads Multistate Coalition Urging US Supreme Court to Protect Consumer Rights Under the Truth In Lending Act

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Schneiderman: We Must Protect Families Fighting To Stay In Their Homes By Preserving The Truth in Lending Act’s Protections.

New York, NY - July 24, 2014 - Attorney General Eric T. Schneiderman announced that he is leading a coalition of more than 25 states in filing a friend-of-the-court brief urging the U.S. Supreme Court to uphold consumer rescission rights under the federal Truth in Lending Act (TILA). TILA requires creditors to clearly and accurately disclose the terms of loans to consumers and to inform consumers about their statutory rights. When creditors fail to take these steps, consumers have three years from the date of a covered home loan, to rescind the loan. Rescission is a powerful consumer remedy and protects consumers from losing their homes in foreclosure proceedings.  
 
“Homeownership stands at the heart of the social and economic well-being of our country,” said Attorney General Schneiderman. “As we work to make New York more affordable for the middle class, we must protect families fighting to avoid foreclosure and stay in their homes. That includes not only holding accountable those who prey on struggling homeowners, but also preserving the Truth in Lending Act’s important safeguards to help ensure that consumers can make informed decisions. TILA’s readily accessible right of rescission can help prevent more foreclosures and keep our country on the path towards financial recovery.”
 
New York’s amicus brief, filed in the case of Jesinoski v. Countrywide Home Loans, argues that consumers exercise TILA rescission rights by giving written notice to creditors and that TILA does not compel consumers to also file a lawsuit seeking rescission within three years of a covered loan. A lawsuit requirement would place rescission out of reach for many consumers because consumers frequently do not discover TILA violations until several years after taking out a loan—often, when they are facing foreclosure and cannot obtain legal representation to file a rescission suit. 
 
TILA contains no express provision directing consumers to file a lawsuit to enforce rescission rights. While some federal courts have held that TILA authorizes consumers to rescind loans by giving written notice, other courts, including the Court of Appeals for the Eighth Circuit, have required consumers to sue creditors within three years of taking out a home loan to rescind the loan. In the states’ brief, Attorney General Schneiderman urges the Supreme Court to reverse the Eighth Circuit and to confirm that written notice alone is sufficient for consumers to exercise TILA rescission rights in a timely manner.  
 
Argument in Jesinoski v. Countrywide has not yet been scheduled.
 
Attorney General Schneiderman’s brief is joined by 25 other states: Arizona, Arkansas, Connecticut, Delaware, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Hampshire, New Mexico, North Carolina, Oregon, Rhode Island, Tennessee, Vermont, Washington, and West Virginia. The coalition is also joined by the District of Columbia. 
 
The brief in the case was prepared by New York Solicitor General Barbara D. Underwood, Deputy Solicitor General Steven C. Wu and Special Counsel to the Solicitor General Cecelia C. Chang with the assistance of Jane Azia, Chief of the Consumer Frauds Bureau, Kristen Clarke, Chief of the Civil Rights Bureau, and Jessica Attie, Special Counsel for the Civil Rights Bureau.
 
The Attorney General’s Office is committed to protecting consumers in lending transactions. To file a complaint, contact the Office’s Consumer Frauds Bureau at 1-800-771-7755 or fill out the complaint form here. Consumers can also contact the Civil Rights Bureau at Civil.Rights@ag.ny.gov or 212-416-8250. 
 
In addition to taking legal action to protect New York families, Attorney General Schneiderman’s Office launched the Homeowner Protection Program (HOPP), which funds roughly 90 organizations across the state that assist at-risk homeowners. These organizations have served a total of nearly 30,000 families since HOPP was launched in October 2012 by providing counseling and support for those at risk of foreclosure. Consumers can call 855-HOME-456 to obtain assistance through HOPP or visit aghomehelp.com.
 
A copy of the brief can be viewed here.
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