Rhode Island defeated a legal challenge from OppenheimerFunds Inc. to its plan to sell $594 million of debt backed by payments from tobacco companies that agreed in 1998 to reimburse states for expenses associated with smoking-related illnesses.
Preliminary data indicates both property and violent crimes dropped in 2014 in Providence, according to a news release. Reported incidents dropped 15 percent, according to Mayor Angel Taveras, Commissioner Steven M. Pare and Police Chief Col. Hugh T. Clements Jr.
Attorney General Peter F. Kilmartin said that the state of Rhode Island will receive $198,000 through a settlement with T-Mobile over “mobile cramming,” in which charges for third-party services on consumers’ mobile telephone bills that had not been authorized by the consumer are included.
As part of a settlement with the city in connection with a lawsuit that had been filed over discriminatory lending practices, Santander Bank N.A. has launched the Santander-Providence Home Loan Program to promote home ownership opportunities for low- and moderate-income borrowers in the city.