AB 1602 (Eng; D-Monterey Park)/ SB 1470 (Leno; D-San Francisco)/) Impedes Economic Recovery

Delays the recovery of California’s housing market by allowing all borrowers, including strategic defaulters and investors, to abuse the loan modification process to forestall legitimate foreclosures. AB 1602 in Assembly Banking and Finance. SB 1470 in Senate Banking and Financial Institutions. Both bills failed 04/27/12 deadline to move to fiscal committee. Topic is now subject of discussions by a legislative conference committee.

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Why Penalizing Small Restaurants Won’t Reduce Litter

The latest attempt failed last week when the California Senate rejected Senate Bill 705. It does not reduce litter or waste and only adversely harms family-owned and mom-and-pop restaurants. It … Continue reading »