Cobb Electric Membership Corp. violated a 2008 settlement with unhappy members who accused some co-op leaders of enriching themselves at members’ expense, the Georgia Supreme Court ruled today. Dissident members hoped to unseat board members in a scheduled 2009 election that was never held after the EMC’s leadership voted in secret to allow proxy voting by mail. The high court ruled the board may not unilaterally change the method by which its members are chosen.
A flawed bidding process indirectly allowed Nathan Deal’s Gainesville auto salvage business to nearly double its annual income from state inspections. Procurement records contain nothing to suggest that Deal, then Georgia’s 9th District congressman, or any of his staff members influenced the state’s decision to overturn the bidding. Losing the state contract — and the flat fee paid by vehicle owners — allowed Gainesville Salvage Disposal to earn an extra $415,000.
Last week, the House Financial Services Committee voted to establish a new Consumer Financial Protection Agency. The agency would have broad authority – but thanks to fierce lobbying, it’ll also have big gaps. Consumer advocates point to an exemption for auto dealers as one that’s particularly worrisome.