![]() This article originally appeared on GOBankingRates. Looking To Diversify in a Bear Market? Consider These Alternative InvestmentsĦ Hidden Ways To Help You Boost Your Credit Score What Is the Highest Rated Luxury Cruise Line? Supreme Court “has consistently upheld political disclosure laws, explicitly acknowledging that political transparency is essential for meaningful participation in our system of democratic self-governance,” according to the CLC. Many organizations and lawmakers have tried to push back against dark money in politics, but so far their efforts haven’t had much impact. Take Our Poll: Do You Believe in Quiet Quitting? It said that although Super PACs are legally required to disclose their donors, some of these groups “are effectively dark money outlets” when the bulk of their funding can’t be traced back to the original donor.Īccording to the CLC, many of these groups also have “vaguely defined” limits on how much election-related activity they can engage in, although these limits are “virtually never enforced” by federal regulators. “Opaque” nonprofits and shell companies can give unlimited amounts of money to Super PACs, according to Open Secrets. Many organizations can operate in the world of political dark money, including Super Political Action Committees ( Super PACs), Hybrid PACs, Limited Liability Companies (LLCs) and shell companies. The money source code#They are named after the sections of the Internal Revenue Code that grant tax exempt status to organizations.Īs Open Secrets noted, groups such as 501(c)(4)s are “generally under no legal obligation to disclose their donors even if they spend to influence elections.” Those that choose not to reveal their sources of funding are considered dark money groups. “Increasingly, however, our elections are being drowned in secret spending - spending where the true source (who is spending the money) is unknown.”ĭark money typically enters elections through secret donations that are routed through 501(c)(4) social welfare organizations or 501(c)(6) trade associations, according to the CLC. The money source free#“Transparency about the sources of funding for our elections and candidates and how that money is spent is central to the free and fair functioning of our democracy,” the CLC said. The Campaign Legal Center (CLC), a nonpartisan organization that advocates for all voters to “meaningfully participate” in the democratic process, said on its website that “voters have a right to know who is trying to influence their vote and who is working to influence” the government. I am looking forward to raising the bar in the industry and to be working with Stavros and his team.Not everybody is happy about all that dark money pouring into the political system. “Their clients are able to observe the servicing of their loans in real-time as our team members service them with no filter or delay, and their unique culture fosters a sense of teamwork with borrowers that drive customer satisfaction levels not seen in the mortgage industry historically. “I joined TMS because their servicing performance is extraordinary,” Donatacci said. Read next: The Money Source launches consumer-direct division The Money Sources (TMS) Servicing Intelligence Made Easy (SIME) is raising the bar with real-time transparency and performance optimization for a lenders. “As a recognized and trusted leader in the mortgage finance industry with an extensive track record for achieving growth in mortgage servicing and related businesses, Tom will play an important role in helping us achieve our goals, not just in growth but maintaining the highest levels of client satisfaction,” said Stavros Papastavrou, founder and chairman of TMS. But along with being a great fit with our culture and core values, Tom’s extensive experience and skill set will help further accelerate our rapid growth in subservicing over the past four years while allowing us to strengthen our partnerships with our existing clients and continue to deliver rock-solid service for our customers.” “From the moment we started to engage with Tom, it was apparent that he would be a perfect fit for TMS and its culture,” said TMS president Ali Vafai. ![]()
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