Tennessee is one of a group of states that has won a $30 million settlement against a marketing company the state says used confusing and deceptive business practices.
According to the state attorney general's office, Affinion and its subsidiaries offer a variety of services, including credit monitoring, roadside assistance and discount travel. Consumers complained that Affinion charged them for services without their authorization.
Kentucky Utilities will spend $57 million to install updated pollution control equipment and pay civil penalties under the terms of a proposed consent decree.
The money will go to installing a sulfuric acid mist emission control system at the company’s Ghent power plant, replace a coal-fired boiler and pay $300,000 in fines to the Environmental Protection Agency.
Kentucky residents could get part of a 49 state settlement if their home was foreclosed on between 2008 and 2011. The Paducah Sun reports the $25 billion settlement between the states and five of the country’s biggest banks means 16,000 Kentuckians could be eligible for $2,000 in relief funds.
The Kentucky Department of Financial Institutions says checks from the recent Morgan Keegan settlement will be mailed today to investors who filed an approved claim. The fund administrator, A.B. Data, will issue 1,930 checks totaling just over $4.5 million to Commonwealth investors.
Kentucky’s share of the nationwide foreclosure settlement with five major banks is nearly $59 million. Attorney General Jack Conway announced yesterday how that money will be used to help borrowers struggling with high mortgage payments or who have already been through foreclosure. Some of the funds will go toward paying down principal balances for consumers who owe more than their home is worth. Conway says,