NEW YORK – Wells Fargo CEO John Strumpf has been forced out of an investigation at the bank and forfeited his $41 million golden parachute after thousands of customers were wronged.
NEW YORK – Wells Fargo CEO John Strumpf has been forced out of an investigation at the bank and forfeited his $41 million golden parachute after thousands of customers were wronged.View full post
After getting caught red-handed ripping off thousands of customers, Wells Fargo says it will eliminate product sales goals for retail bankers
SAN FRANCISCO – Wells Fargo & Company announced recently that it will eliminate all product sales goals in retail banking, effective January 1, 2017. “Our objective has always been and continues to be to meet our customers’ financial needs and drive customer satisfaction,” said CEO John Stumpf (who resigned not long after this announcement). “We …View full post
AMES, IOWA – Iowa State University’s Lysle Whitmer walked the length of the bio-oil production line – from the 55-gallon solvent tank to the twin-screw extruder with its mixing, chopping, heating and pressurizing functions to the reactor in the middle and then to the product separators and the solvent recycling system.View full post
DES MOINES – Iowa farmland values have dropped nearly 9 per cent over the past year, according to a survey of experts. The Iowa Chapter of REALTORS Land Institute announced the results of its September 2016 Land Trends and Values Survey.View full post
DES MOINES – Iowa’s seasonally adjusted unemployment rate increased slightly to 4.2 percent in August from 4.1 percent in July. The state’s jobless rate was 3.6 percent one year ago. The U.S. unemployment rate remained at 4.9 percent in August.View full post
After getting caught red-handed ripping off thousands of customers, Wells Fargo says it will eliminate product sales goals for retail bankers
SAN FRANCISCO – Wells Fargo & Company announced recently that it will eliminate all product sales goals in retail banking, effective January 1, 2017.
“Our objective has always been and continues to be to meet our customers’ financial needs and drive customer satisfaction,” said CEO John Stumpf (who resigned not long after this announcement). “We are eliminating product sales goals because we want to make certain our customers have full confidence that our retail bankers are always focused on the best interests of customers.”
AMES, IOWA – Iowa State University’s Lysle Whitmer walked the length of the bio-oil production line – from the 55-gallon solvent tank to the twin-screw extruder with its mixing, chopping, heating and pressurizing functions to the reactor in the middle and then to the product separators and the solvent recycling system.
AMES – Wet weather is creating challenges for Iowa’s crop harvest, according to Integrated Crop Management News, and the Iowa State University Extension and Outreach.
The 2016 growing season was wet with two distinct temperature patterns—hot during early pollination and cooler in August. Most of Iowa had 125% up to 200% of normal rainfall up to Labor Day, and even more after Labor Day.
ST. LOUIS – The U.S. Department of Agriculture – Natural Resources Conservation Service (USDA-NRCS) recently awarded the National Corn Growers Association (NCGA) and its Soil Health Partnership (SHP) a $1 million Conservation Innovation Grant (CIG) to help farmers better understand and adopt farming practices that help reduce climate change impacts.
An analysis of how Iowa’s soybean production is utilized, reported to directors of the Iowa Soybean Association (ISA) today in Ankeny, finds that nearly one of every four rows is fed to the more than 38 million pigs raised annually in Iowa. This equates to roughly 116 million bushels of the state’s soybean crop.
DES MOINES – Attorney General Tom Miller urges Iowans with Yahoo accounts to review other usernames, passwords and security questions they may use, in the wake of the company’s announcement of what may be one of the largest data breaches ever.
Senators want Labor Department to investigate Wells Fargo’s potential violations of Fair Labor Standards Act
WASHINGTON, DC – United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Jack Reed (D-R.I.), Robert Menendez (D-N.J.), Bernard Sanders (I-Vt.), Jeff Merkley (D-Ore.), Kirsten Gillibrand (D-N.Y.), and Mazie Hirono (D-Hawaii) today sent a letter to Department of Labor (DOL) Secretary Tom Perez and Wage and Hour Division Administrator David Weil requesting that DOL investigate whether Wells Fargo violated the Fair Labor Standards Act (FLSA) with respect to its account executives, bank tellers, branch managers, and customer service representatives.
Sixth annual Fareway Stores MDA Golf Classic raises more than $78,000 for the Muscular Dystrophy Association of Iowa
CEDAR RAPIDS – Fareway Stores, Inc. recently partnered with the Muscular Dystrophy Association (MDA) to host the 6th Annual Fareway Stores MDA Golf Classic at the Tournament Club of Iowa in Polk City. The event raised over $78,000 for MDA of Iowa, making it the best year for the golf tournament. Funds raised at this event will fund research and provide health care services and support for MDA families across the state.
SUNNYVALE, CA – A recent investigation by Yahoo! Inc. (NASDAQ:YHOO) has confirmed that a copy of certain user account information was stolen from the company’s network in late 2014 by what it believes is a state-sponsored actor. The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers.
USDA to Purchase Surplus Cheese for Food Banks and Families in Need, Continue to Assist Dairy Producers
Department Also Will Extend Margin Protection Program for Dairy Enrollment Deadline
WASHINGTON, Aug. 23, 2016 – The U.S. Department of Agriculture (USDA) today announced plans to purchase approximately 11 million pounds of cheese from private inventories to assist food banks and pantries across the nation, while reducing a cheese surplus that is at its highest level in 30 years.
Unanimous Vote From Wright County Board of Supervisors Gives Go-Ahead for the Prestage Foods of Iowa Pork Processing Plant
EAGLE GROVE, IOWA — Today the Wright County Board of Supervisors voted unanimously to approve the development agreement enabling Prestage Foods of Iowa to build a $240 million pork processing plant near Eagle Grove. During the past six weeks, several public hearings have taken place to provide information and answer questions about the project. Many business leaders, community organization members, farmers and citizens have spoken in favor of the project.
Following bird flu outbreak, Iowa and Minnesota Senators attempt to end discrimination on U.S. turkey exports
WASHINGTON, D.C. – Following the outbreak of the Highly Pathogenic Avian Influenza (HPAI), U.S. Senators Joni Ernst (R-IA) and Amy Klobuchar (D-MN) led a bipartisan letter along with Senators Roy Blunt (R-MO), John Boozman (R-AR), Richard Burr (R-NC), Joe Donnelly (D-IN), Al Franken (D-MN), Heidi Heitkamp (D-ND), John Hoeven (R-ND), John Thune (R-SD), and Thom Tillis (R-NC) to United States Department of Agriculture Secretary Tom Vilsack asking for increased efforts to end discrimination against American turkey exports by addressing unscientific import requirements imposed by two U.S. trading partners.
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) this week finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule requires servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan is transferred, and provides important loan information to borrowers in bankruptcy.
DAVENPORT, IOWA — Lee Enterprises, Incorporated (NYSE: LEE), a provider of local news, information and advertising in 50 markets, announced that Roy D. Biondi has been named publisher of The Courier in Waterloo, Iowa and The Globe Gazette in Mason City, Iowa. He succeeds David Braton, who became publisher of The Bismarck Tribune in March.
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) recently proposed updates to its Know Before You Owe mortgage disclosure rule. The proposed amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty. The changes proposed today would augment implementation of the Know Before You Owe rule, which took effect last year, and help facilitate compliance within the mortgage industry.
Economic Development Board approves awards to support nearly $456 million in capital investments in Iowa
DES MOINES, IA – The Iowa Economic Development Authority (IEDA) board today awarded direct financial assistance and tax benefits to eight companies for job creation and expansion projects. These awards will assist in the creation of 308 jobs, retention of four jobs and will result in nearly $456 million in new capital investment for the state. The board also approved innovation funding for four startups.
CEDAR RAPIDS, IA – The U.S. Attorney’s Office recently settled access complaints against three local restaurants under the Americans with Disabilities Act (“ADA”). The Hacienda Las Glorias, Lone Star Steakhouse, and The Irish Democrat, all covered under Title III of the ADA, agreed to comply with the Act’s provisions ensuring equal access within the restaurants.
MASON CITY – The North Iowa Area Community College (NIACC) Pappajohn Center and the Small Business Development Center (SBDC) is offering a free two-hour workshop designed for anyone who is considering starting a business. At Start Smart, participants will learn how to create a business plan, do market research, consider different types of business ownership, and learn how to register a business.
MASON CITY – Energy experts with Alliant Energy will be in the area over the next few weeks conducting free energy assessments (worth up to $500) for small business customers. The energy assessments are performed by skilled energy assessors that evaluate the building’s construction, lighting, heating and cooling systems, insulation and appliances. Installation of free energy-saving products like compact fluorescent light bulbs and programmable thermostats are also included.
DES MOINES — The Iowa Supreme Court has approved $239,998 in grants to nonprofit programs that provide legal assistance to low income Iowans with civil legal problems. The court awarded grants to fourteen different organizations throughout Iowa. The grants are funded by the Interest on Lawyers’ Trust Account (IOLTA) program. With this year’s grants, the supreme court has awarded more than $24.4 million in IOLTA grants since the program began on July 1, 1985.
WASHINGTON – U.S. Immigration and Customs Enforcement’s head intellectual property rights enforcer told representatives from the Senate Finance Committee last week that the agency had launched initiatives and backed external efforts that empower industry to protect the online marketplace against counterfeit goods.
Lawrence A. Erickson and Jerry N. Currie Announce Retirement From the Board of Directors Effective December 2016
FOREST CITY, IOWA – Winnebago Industries, Inc. (NYSE: WGO), a leading United States recreation vehicle manufacturer, announced that Robert M. Chiusano was elected chair of the Company’s board of directors effective June 15, 2016. Mr. Chiusano will continue to serve as the chair of the Human Resources Committee until at least December of 2016.
Iowa receives $200,000 accelerator grant from U.S. Department of Labor to Increase Number of Registered Apprenticeships
DES MOINES – The United States Department of Labor announced today that Iowa will receive part of a $10.4 million ApprenticeshipUSA State Accelerator Grant to expand and expedite apprenticeship programs in Iowa and across the country. Iowa Workforce Development (IWD) will receive $200,000 to help integrate apprenticeships into education and workforce systems, conduct outreach, work with employers to start new apprenticeship programs, and promote greater inclusion and diversity.
WINTERSET, IOWA – The Vision Iowa Board awarded $1,821,174 in Community Attraction and Tourism (CAT) grants to a park project in Sioux City, environmental learning center in Allamakee County, skate park in Winterset and a trail and library project in Bloomfield. The grants were approved by the Vision Iowa Board at a recent meeting in Winterset.
MASON CITY – A check was presented to the Mercy North Iowa Cancer Center after a fundraiser.
Megan Merfeld and Alanna Monson, students from Clear Lake High School, along with their sponsors and other contributors to the 2016 M&M Golf tournament raised $2,840 for the Mercy Cancer Center.
A check was presented to employees at the Mercy Cancer Center Wednesday, April 27.
The donation will be used to help provide transportation services for cancer patients.
WASHINGTON – The Department of Justice announced last week that the United States has settled civil mortgage fraud claims against Wells Fargo Bank, N.A. (Wells Fargo) and Wells Fargo executive Kurt Lofrano, stemming from Wells Fargo’s participation in the Federal Housing Administration (FHA) Direct Endorsement Lender Program.
DES MOINES, IOWA – The Iowa Economic Development Authority (IEDA) board on Tuesday awarded direct financial assistance and tax benefits to four companies for job creation and expansion projects. These awards will assist in the creation of 1,219 jobs and will result in over $290 million in new capital investment for the state. The board also approved innovation funding for four startups.
DES MOINES – A statewide program to educate pork producers about manure pit safety, and research projects to combat E. coli in piglets and to help diagnose sow lameness, will share nearly $225,000 in the final allocation of a ten-year, $1 million program to advance and enhance swine production in Iowa.
MASON CITY, IOWA – Prestage Farms announced on March 21, 2016, the forming of a new company, Prestage Foods of Iowa, LLC, and its intent, pending finalization of necessary state permits and approvals, to build a new, state-of-the-art fresh pork processing facility in Mason City, Iowa, and we wanted to share this exciting news with you directly.
DES MOINES – The Iowa Department of Natural Resources is filling about 50 summer recreational aide openings in 22 parks around the state. Jobs duties include assisting park staff in patrolling the park, helping visitors, monitoring reservations, registering campers and doing seasonal park maintenance. Application can be made to the individual parks. For a detailed job description, list of parks with openings and their contact information, visit www.iowadnr.gov/About-DNR/Employment.