GCIS INTELLIGENCE BRIEFING: Wells Fargo to send refunds to troops, veterans

ISSUED BY: GCIS Communications Command Center

SOURCE: Air Force Times

22February2011 12:57pmEST

GCIS INTELLIGENCE UPDATE: Nearly 60,000 service members and veterans who have refinanced their Veterans Affairs Department mortgage loans through Wells Fargo, Wachovia and SouthTrust will receive refunds as the result of a $10 million settlement in a class-action lawsuit, a Wells Fargo official said.

Those who may be eligible refinanced their loans between Jan. 20, 2004, and Oct. 7, 2010, said Wells Fargo spokeswoman Vickee Adams. On average, the refunds are expected to be about $175, she said; the amount will vary with each loan.

The settlement was reached as the result of a suit filed in Georgia alleging that Wells Fargo improperly rolled attorneys’ fees into expenses charged to veterans for things like title searches. Under VA rules, the lender must cover any costs for attorneys’ services other than for title work, and cannot bill the borrower for these charges.

In about a month, Wells Fargo will mail letters to each eligible service member and veteran who has participated in the refinancing program, Adams said. The letter will include information about how to apply for the refund, and where to go for more information. (read full report)

"GCIS INTELLIGENCE UPDATE" is an intelligence briefing presented by Griffith Colson Intelligence Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, it's partners or affiliates. All opinions presented are those of the author, and not necessarily those of GCIS or it's partners.

GCIS/MSS INTELLIGENCE BRIEFING: US vetoes anti-settlement resolution

ISSUED BY: GCIS Communications Command Center

SOURCE: Earth Times

19February2011 11:38amEST

GCIS/MSS INTELLIGENCE UPDATE: New York - The United States on Friday vetoed a resolution that received 14 votes in favour from the UN Security Council's 15 members, effectively killing the demand by Arab and Muslim countries to brand Israeli settlements "illegal."

US Ambassador Susan Rice cast a negative vote, which constituted a veto. The five permanent members with veto power are the United States, Russia, France, Britain and China.

Rice said the veto should not be understood as US support of Israeli settlements.

"We reject in the strongest terms the lack of legitimacy of Israeli settlements," she said after raising her hand to vote against the draft resolution.

A negative vote by one of the permanent members constitutes a veto.

The draft, which was supported by 130 countries including Europeans, had called for the Security Council to declare that "Israeli settlements established in the Palestinian territory occupied since 1967, including East Jerusalem, are illegal and constitute a major obstacle to the achievement of a just, lasting and comprehensive peace." (read full report)

"GCIS/MSS INTELLIGENCE UPDATE" is a cooperative intelligence briefing presented by Griffith Colson Intelligence Service and Machaseh Security Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, MSS or it's partners or affiliates.