May 19, 2009
Habitat for Humanity completed Heber homes
Habitat for Humanity of Summit and Wasatch Counties dedicated two recently built homes in Heber City May 13. The two families who moved in to the neighboring homes applied as candidates to HFHSWC’s family selection process. As part of that process, the receiving families are expected to invest 400 hours of "sweat equity." Both families put more than 600 working hours into their future homes, with the additional help of more than 200 volunteers. The organization is currently building two more homes in Park City.
Zions Bank recognized by SBA
The U.S. Small Business Administration created a new category of awards that were introduced this year to recognize lenders that have excelled in making first-mortgage loans in 504 projects. The "Large 1st Mortgage Lender of the Year" Award went to Zions First National Bank.
Obama takes on credit card companies
President Barack Obama has announced intentions to implement critical elements of reform in the credit card industry. The administration’s goals include: Banning unfair rate increases, preventing unfair fee & interest rate charges, encourage plain sight and plain language disclosures, promote market transparency, accountability and protections for students and young people.