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  • Perlmutter Recognized as Elected Official of the Year at Jeffco EDC’s 10th Annual Lunch
    Posted in In the News on October 28, 2016 | Preview rr
    Tags: Jobs & the Economy

    Congressman Ed Perlmutter was named the Elected Official of the Year at Jefferson County Economic Development Corporation’s (Jeffco EDC) 10th Annual Luncheon. Rep. Perlmutter has lived in Jefferson County his entire life. He attended Jefferson County public schools and then worked construction with his father during the summers while in law school at the University of Colorado. He chose to raise his family in the district where his three daughters also attended Jefferson County Public Schools. H... Read more

  • National Cybersecurity Center assists in cyber security breaches
    Posted in In the News on October 20, 2016 | Preview rr
    Tags: Jobs & the Economy

    Hackers hijacked the website of Jim Kreinbrink’s online marketing consultation business seven years ago, redirecting potential clients to an online pharmacy and undermining the online credibility of his business. A dreaded warning that the website of his Louisville company, Hyper Dog Media, was untrustworthy began appearing in Google search results. When a client first alerted him to it, Kreinbrink didn’t know why, he said. But Kreinbrink knew web programming and dug into his website’s coding. A... Read more

  • Colorado congressmen call for cybersecurity measures after hack attacks
    Posted in In the News on October 18, 2016 | Preview rr
    Tags: Jobs & the Economy

    Ongoing accusations by the Obama administration that the Russian government should be blamed for hacking the computers of presidential campaigns is reviving calls by federal lawmakers for improvements to internet security. Among them is Colorado Republican U.S. Sen. Cory Gardner, who pledged to introduce a bill imposing stiff sanctions on Russian cyber-criminals. “Russia’s interference with American democracy is a direct threat to our political process and it may only be the tip of the iceberg,”... Read more

  • Wells Fargo says it will no longer call its branches ‘stores’
    Posted in In the News on October 7, 2016 | Preview rr
    Tags: Jobs & the Economy

    Amid growing scrutiny over its sales practices, Wells Fargo is abandoning its longstanding practice of calling its more than 6,000 U.S. branches “stores.” “Our customers tend to call our locations branches already, as places where people come to be with us and where we can serve their financial needs,” spokeswoman Bridget Braxton told the Observer on Friday. “Shifting to this terminology better reflects the way our customers think about us.” The decision comes as San Francisco-based Wells works ... Read more

  • Wells Fargo CEO grilled by House panel
    Posted in Articles on September 29, 2016 | Preview rr
    Tags: Jobs & the Economy

    Wells Fargo CEO John Stumpf returns to Capitol Hill Thursday to testify about the bank's sales practices. Stumpf will appear before the House Financial Services Committee on Thursday morning. Scroll down for live updates. 12:47 p.m. Jim Himes (D-Conn.) highlighted that $20 billion in market value from Wells Fargo's stock has been erased amid this scandal. That is like "obliterating half of Ford Motor" in terms of market value, he said. Pressed Stumpf that it's more than just a question if the sc... Read more

  • Wells Fargo CEO Roasted on Capitol Hill for 'Egregious Fraud', 'Identity Theft'
    Posted in Articles on September 29, 2016 | Preview rr
    Tags: Jobs & the Economy

    Wells Fargo CEO John Stumpf faced down a furious panel of lawmakers Thursday as the House Financial Services Committee grilled him on his bank's shady practices. Representative Maxine Waters, the committee's ranking Democrat, told Stumpf that Wells Fargo's abuse of the public's trust was "some of the most egregious fraud we have seen since the foreclosure crisis," and compared it to mass identity theft. For his part, Stumpf offered up more apologies, and said the bank planned to halt the cross-s... Read more

  • Wells Fargo's focus on 'products' is called out
    Posted in In the News on September 29, 2016 | Preview rr
    Tags: Jobs & the Economy

    In his questions for Wells Fargo Chief Executive John Stumpf, Rep. Ed Perlmutter (D-Colo.) focused on an issue not particular to that bank but exemplified by its practices and its in-house terminology: Banks are focused not simply on taking deposits and making loans, but on selling “products.” Most big banks have several products, from basic checking and savings accounts to debit cards, credit cards and retirement accounts. And most big banks want their customers to use several products -- an id... Read more

  • New bill would give tax credits for cyber insurance
    Posted in In the News on September 26, 2016 | Preview rr
    Tags: Jobs & the Economy

    Rep. Ed Perlmutter (D – Colo.) introduced legislation this month to subsidize data breach insurance for businesses while encouraging practices that would keep them from ever having to use it. The Data Breach Insurance Act would offer a tax deduction of 15 percent of the cost of breach insurance. Perlmutter said he has received positive feedback for the bill from both legislators and stakeholders. “Using an incentive approach rather than a mandate gives this a much better chance of succeeding, bo... Read more

  • Perlmutter Introduces Legislation to Help Mitigate the Impacts of Data Breaches
    Posted in Press Releases on September 15, 2016 | Preview rr
    Tags: Jobs & the Economy

    Washington, D.C. – Today, U.S. Rep. Ed Perlmutter (CO-07) introduced new legislation encouraging American businesses to fortify their systems and networks in an effort to mitigate the impact of cyber-attacks and data breaches. The Data Breach Insurance Act (H.R. 6032) provides a two-prong approach by providing a fifteen percent tax credit to companies who purchase data breach insurance coverage and adopt the National Institute of Standards and Technology (NIST) Cybersecurity Framework or any oth... Read more

  • Dem Lawmakers Grapple with Calls to Bring Back Glass-Steagall
    Posted in In the News on August 17, 2016 | Preview rr
    Tags: Jobs & the Economy

    PHILADELPHIA — The resurrection of Glass-Steagall has proven surprisingly popular among the rank and file of both political parties, but the lawmakers who would theoretically implement the Depression-era law's reinstatement appear wary of the idea. Much like their Republican colleagues last week, Democratic lawmakers at the convention here were skeptical of embracing such a plan, unsure of what it would look like. "The old Glass-Steagall wasn't an effective law," said Rep. Brad Sherman D-Calif.,... Read more

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