Obama and Warren Reflect On Wall Street Reform’s Progress

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Obama and Warren Reflect On Wall Street Reform’s Progress July 25, 2016 3,206 Views Previous: Government Passes the Baton to Servicers Next: Four Ways to Improve the Housing Market in Daily Dose, Featured, Government, News Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save  Print This Post About Author: Brian Honea Home / Daily Dose / Obama and Warren Reflect On Wall Street Reform’s Progresscenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Barack Obama Elizabeth Warren Wall Street Reform Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Barack Obama Elizabeth Warren Wall Street Reform 2016-07-25 Kendall Baer Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Sen. Elizabeth Warren, who rose to prominence in the years immediately after post-crisis as the architect of the Consumer Financial Protection Bureau (CFPB), did not make the cut as Hillary Clinton’s VP.Warren did, however, meet with President Barack Obama on Saturday to assess the progress of post-crisis Wall Street reform regulation—in particular, the CFPB—in the White House. July 21 marked anniversaries for both the Dodd-Frank Act (six years) and the CFPB (five years).“The financial crisis wasn’t an unstoppable act of nature,” Warren said. “The whole thing could have been avoided. But we didn’t have rules in place to stop Wall Street from taking enormous risks that threatened the whole economy.”President Obama added, “Part of passing these strong consumer protections meant passing the first-ever Consumer Financial Protection Bureau, based on an idea that Senator Warren came up with before the crisis even began…Before the Consumer Financial Protection Bureau, you didn’t have a strong ally to turn to if your bank took advantage of you, or if you were being harassed or charged inappropriate fees. Now you do.”The CFPB launched on July 21, 2011, exactly one year after Obama signed Dodd-Frank into law, as the only government agency whose sole purpose is to protect consumers from predatory practices in financial markets. Warren points to the $11.7 billion in consumer relief handed out to about 27 million families as proof that the CFPB is working for Americans five years into its existence.The Bureau has not been without its critics in its first five years, however. Republicans have made repeated efforts through legislation to roll back or repeal certain portions of Dodd-Frank; the Republican presidential nominee, Donald Trump, said he wants to eliminate Dodd-Frank altogether.[youtube http://www.youtube.com/watch?v=A5DSQDehhZw]House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has been one of the most vocal critics of Dodd-Frank, and of the CFPB. In June, Hensarling unveiled the Financial CHOICE Act(Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs) as an alternative to Dodd-Frank that calls for stronger capitalization rules for banks and at the same time offers regulatory relief for the smaller financial institutions they believe have been adversely affected by Dodd-Frank.The Financial CHOICE Act also calls for the CFPB to be placed under the Congressional appropriations process and for the Bureau’s director, Richard Cordray, to be replaced with a bipartisan five-member commission.“The CFPB has an important mission,” Hensarling told DS News in June. “Properly designed and led, it is capable of great good.” At the same time, Hensarling noted that “the CFPB has grown into an unaccountable federal leviathan of more than 1,500 employees with over a half billion dollar budget and the unrestrained power to dictate which Americans can receive credit and which Americans cannot.” He also said the CFPB “by design is not accountable to either Congress or the taxpayers. This defective structure allows the Bureau to evade the checks and balances that apply to virtually every independent regulatory agency, including those responsible for consumer and investor protection.”In response to the claims made by Republicans who say the economy is weaker, Obama said on Saturday, “Our economy is stronger today than it was before the crisis. Since we dug out from the worst of it, our businesses have added almost 15 million new jobs. Corporate profits are up, lending to businesses is up, and the stock market has hit an all-time high. So the idea that this was bad for business just doesn’t hold water.”Obama continued, “Whether you’re a Democrat, a Republican, or an Independent, if you’re a hard-working American who plays by the rules, you should expect Wall Street to play by the rules, too, and that’s what we’re fighting for.” Subscribelast_img read more

Scott Shafer: Eric Dungey and Ervin Philips are ‘ready to go’ against USF

first_img Published on October 5, 2015 at 1:56 pm Contact Sam: [email protected] | @SamBlum3 Quarterback Eric Dungey and hybrid Ervin Philips both practiced on Sunday and are ready to go against South Florida on Saturday, head coach Scott Shafer said in his weekly interview with Cuse TV.“They’re ready. They’ve been running with the team all last week and practicing,” Shafer said. “They looked good…There was really no hesitation.”Dungey missed the Louisiana State game on Sept. 26 and part of the second half against Central Michigan the weekend before after taking a hit to the head on a targeting penalty against CMU defensive lineman Mitch Stanitzek. Philips had knee surgery following SU’s season-opening win against Rhode Island. He had two touchdowns in that game.Syracuse plays USF on Saturday at 3:30 in Tampa, Florida. AdvertisementThis is placeholder text Comments Facebook Twitter Google+last_img read more

Smarkets tips Starmer as new Labour Leader

first_img Share There’s just one day left until the Labour leadership vote is concluded, and betting exchange Smarkets has said that Sir Keir Starmer is ‘effectively guaranteed’ to be the new leader.Starmer, who is currently trading at 99%, has held the lead in the vote since Jeremy Corbyn announced that he would be stepping down.Meanwhile Rebecca Long-Bailey now stands at 40/1 to assume Labour leadership, compared to Lisa Nandy at 200/1 and Jess Phillips at 270/1.For context, this trio were all given double-figure chances (52%, 25% and 12% respectively) shortly after the disastrous result for Labour in December’s general election.Commenting on the markets, Smarkets Head of Political Markets Sarbjit Bakhshi said: “With Sir Keir Starmer (99%) and Angela Rayner (96%) apparent shoo-ins for the Labour Party’s leadership and deputy leadership this weekend, their next focus will be on picking a strong shadow team that can beat Boris Johnson’s at the dispatch box.“Current Chancellor Rishi Sunak has been a rising star of sorts in recent weeks, and looks set to be a formidable opponent for whoever becomes his opposite number. Our market suggests it could be either Rachel Reeves (39%) or Anneliese Dodds (25%).“Elsewhere, the government’s handling of the coronavirus crisis is under intense scrutiny. Johnson built his premiership around ‘getting Brexit done’, but Covid-19 is disrupting every facet of society, including his ability to build a post-Brexit future for the UK.“Our Brexit markets suggest little faith in his control of events, with a 94% implied probability of the transition period being extended beyond the end of this year.”Starmer has also taken the lead in the exchange’s Next Prime Minister market, trading at 23%, closely followed by current Chancellor of the Exchequer Rishi Sunak who is trading at 20%.Meanwhile punters have also backed Boris Johnson resigning from Downing Street in 2020, jumping from 2% in March up to 14% at the beginning of April.Bakhshi continued: “While trading activity on our exchange indicates that the Prime Minister is expected to remain in place until 2022 or later at 77%, our market on who will succeed him suggests his greatest challenger could well not be the likely leader of the opposition, but Sunak, who has risen to 20%.“Failure to complete the Brexit process while surrounded by his cabinet of Brexiteers might mean that Johnson faces an internal coup before he has to face Starmer in an election. Far from Boris getting Brexit done, it might be Brexit that does for Boris.”Rachel Reeves is the 39% favourite to be the new Shadow Chancellor, ahead of Anneliese Dodds who is trading at 25%. Share Smarkets gains green light to enter Swedish market July 28, 2020 Related Articles Bakhshi and Shaddick launch ‘Art of the Possible’ podcast tracking US 2020 developments August 10, 2020 StumbleUpon Submit Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown July 29, 2020last_img read more

Volunteer of the Year Is Champion for Children

first_imgBy Muriel J. SmithRED BANK – Susan Barker Smith was named Volunteer of the Year in the Junior League of Monmouth County’s annual Women Making a Difference award luncheon. The event was held last week at the Oyster Point Hotel, with Lt. Gov. Kim Guadagno making the announcement and presenting the award.Smith was particularly recognized for her work as a child advocate. She and her husband Doug were foster parents for three siblings, one of whom had multiple needs; the couple eventually adopted their son. The experience and assistance the couple received in meeting their son’s needs led to Smith’s volunteerism with Monmouth Cares, Inc., a private nonprofit agency which is part of the state Division of Behavioral Health Services System of Care for Children.Presenting the award to Smith brought tears of appreciation from Guadagno, who pointed out she had particular appreciation and admiration for Smith’s fostering three children, all birth siblings. The lieutenant governor herself had a foster son whom she and her husband adopted.Junior League President Shannon Dolan made the presentation to Smith with Guadagno and praised each of the 16 volunteers nominated by their organizations for the honor.Smith, who last May also received the Tony Dowling Child Advocacy Award, has been involved with Monmouth Cares since they began assisting her family in 2004, helping the family need, understand and overcome the special needs of their son, Keith, challenged in emotional, behavioral and developmental development.Participating in the family team effort which enlists all the formal and informal supports in the youngster’s life to create a comprehensive plan for his success resulted in a favorable outcome for Keith. The experience led to Smith’s becoming a community spokesperson for the Wraparound approach used by the state system.(Wraparound is a philosophy of care used by Monmouth Cares that focuses on the family, ensuring that a community-based system of care will exist for the child when involvement with the formal system ends.)Termed a “powerful communicator” by Kathy Collins, executive director of Monmouth Cares, Smith brought the message of her own family’s experience and its success to the community, explaining the steps and phases of the program and highlighting the unique partnership between care manager and family.Both Doug and Susan Smith were invited to join the board of Monmouth Cares in 2005 and have been active every since.In nominating her for the award, Collins wrote that Smith’s success as a child advocate is due to her “low-key style and persistent approach, which attracts and engages people in all sorts of roles within the system. Her desperate need for help led her to membership roles in committees, boards, coalitions, councils and workgroups. Her growing knowledge, confidence, combined with her formidable social skills, resulted in a talented leader.”Smith accepted the award at the luncheon, saying she was delighted yet humbled by the honor, and congratulating each of the other nominees, praising their volunteers in the variety of fields in which they served.Monmouth Cares, Inc., is a private nonprofit agency whose mission is to facilitate positive change so that children with emotional and behavioral challenges along with their families have the greatest opportunity to live, thrive and develop in their communities. Their work includes helping families build Child and Family Teams to help identify strengths and develop strategies to meet each family’s individual and specific needs.In addition to Smith, volunteers nominated for the Junior League honor were: Cathy Beck of Big Brothers, Big Sisters; Linda Carvalho of Coastal Habitat for Humanity; Joan Ferraro, Go Red for Women; Linda Friedman, Monmouth Day Care Center; Kathleen Gasienica, American Littoral Society; Codi Gill, Ignite the Night Gold for Pediatric Cancer; Patrician Githens, Monmouth County Historical Association; Tease Gould, Mary’s Place by the Sea; Marilyn Pearlman, HABcore; Gina Petillo, Parker Family Health Center; Michelle Rogers, The TEARS Foundation; Denise Walker, LADACIN Network; Lee Weber, Family and Children’s Service; and Patricia Wotton, Holiday Express.last_img read more

Raiders’ Arden Key has an appetite for sacks

first_imgALAMEDA — Arden Key was working out at the team facility this off-season when he was summoned to the office of new defensive line coach Brentson Buckner.As a rookie, Key, a third-round pick out of LSU, was supposed to be a third-down pass rusher. The Raiders would use his burst off the edge to complement both Khalil Mack and Bruce Irvin. He’d get 20 snaps per game or so, using his quick-twitch abilities in a … [vemba-video id=”van/sc/2019/06/13/bang_4525dc5e-5399-422e-a64f-43c74d61841d”]last_img

Derrick Rose signs with Minnesota, reunites with Thibodeau

first_imgPacquiao faces Matthysse Typhoon Kammuri accelerates, gains strength en route to PH View comments Rose took some time off earlier this season to evaluate his options. He’s joining a Timberwolves team bidding for its first postseason trip since 2004, and entered play Thursday holding the sixth seed in a very close Western Conference race — where four games separate the eight teams from third place to 10th.He said he isn’t worried about role, and said he can fit in alongside fellow Wolves point guards Jeff Teague and Tyus Jones.“I think I can play with anybody, to tell you the truth,” Rose said. “I know the game. I’m not a selfish player. I’m not here for stats or anything like that. I just want to win and help this team and franchise win.”Rose averaged 9.8 points with the Cavaliers this season. For his career, Rose is averaging 19.2 points and 5.8 assists. Read Next LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico Rose may debut as early as Thursday night, when Minnesota plays host to Boston.“The only thing I’m missing now is the opportunity,” Rose told reporters in Minnesota on Thursday. “Talking to Thibs, he sounds like he’s going to give me the opportunity, so it’s all about learning the guys and fitting in at the right time.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutMinnesota will be the fourth team Rose plays for, and technically his fourth franchise in the last 11 months. Rose spent his first eight NBA years in Chicago, five of those with Thibodeau as his coach. He was with New York last season and started this season with Cleveland, but appeared in only 16 games with the Cavaliers largely because of injuries.“We just thought he could help the team,” Thibodeau said. “That’s what our expectations are: come in, be a good teammate, try to help us win. … He’s been around, he’s been in a lot of games. I think he’s seen a lot of different things, he’s a familiar with what we’re doing, he’s played with some of the guys we have. So that’s a plus.” Typhoon ‘Tisoy’ threatens Games The Cavaliers traded the former All-Star to Utah last month as part of the massive restructuring of their team, and the Jazz waived him shortly afterward.Rose has been working out since, and this week became a father again — just three days before completing the deal with the Timberwolves, who were willing to wait for his new daughter to arrive before asking him to make the move.“I think I’m familiar with a lot of guys that’s here,” Rose said. “Just staying ready and coming here and trying to make it to the playoffs and I feel like I can help in some way.”Miami guard Dwyane Wade, who was teammates with Rose earlier this season in Cleveland, said he expected Rose and Thibodeau would reunite — and insisted the 29-year-old guard still, when healthy, can be elite.“He was the best player in training camp,” Wade said, noting that LeBron James was hurt for most of Cavs camp last fall. “It’s always been about health with D-Rose.”ADVERTISEMENT Google honors food scientist, banana ketchup inventor and war hero Maria Orosa Brace for potentially devastating typhoon approaching PH – NDRRMC MOST READ Police teams find crossbows, bows in HK university PLAY LIST 01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Pussycat Dolls set for reunion tour after 10-year hiatus Families in US enclave in north Mexico hold sad Thanksgiving John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding LATEST STORIES Don’t miss out on the latest news and information. Derrick Rose #1 of the Cleveland Cavaliers dribbles the ball against the Washington Wizards at Capital One Arena on November 3, 2017 in Washington, DC. Rob Carr/Getty Images/AFPFor Derrick Rose, what’s old is new again.Rose has signed with the Minnesota Timberwolves in a move that reunites the 2011 NBA MVP with three mainstays from his days in Chicago — coach Tom Thibodeau, as well as Jimmy Butler and Taj Gibson. The Timberwolves did not release the terms, but a person familiar with the situation told The Associated Press that the deal is for the remainder of the season.ADVERTISEMENTlast_img read more

Mohammed Kaif: India’s new ‘finisher’ is one of the fittest players in the team

first_imgFAMILY PORTRAIT: Kaif’s family enjoys the limelight in AllahabadHOME FRONT The son of Uttar Pradesh Ranji Trophy player Mohammed Tarif, now a train ticket collector, and Kaiser Jahan, cricket runs in Kaif’s family, with his elder brother Saif also turning out for the state in the Ranji Trophy.The story of,FAMILY PORTRAIT: Kaif’s family enjoys the limelight in AllahabadHOME FRONT The son of Uttar Pradesh Ranji Trophy player Mohammed Tarif, now a train ticket collector, and Kaiser Jahan, cricket runs in Kaif’s family, with his elder brother Saif also turning out for the state in the Ranji Trophy.The story of how his father, a heart patient, and his mother went to watch Devdas when Kaif came in to bat at Lord’s is famous; few know that brother Saif did watch the cricket and ran over to the hall during the interval to tell his family what had happened.When mother spoke to Kaif, the first question she asked him was, “Beta Honey, Ganguly tere upar chad gaya tha, tujhe chot toh nahin lagi (Didn’t you get hurt when Ganguly jumped on you like that)?”COMING OF AGE At 12, Kaif joined a sports hostel in Kanpur to pursue cricket. He worked his way up the ranks in junior and Uttar Pradesh cricket, a boy driven by ambition to prove that cricketers from his state could make it big time.The Lombard Under-15 World Cup of 1995, where India beat Pakistan in the final, was the time Kaif’s name began to circulate on the national stage. He then led India to victory in the Junior World Cup 1999, and has since kept knocking on all the right doors.GROWING GAINS: Kaif (sitting extreme right) in his early daysPORTRAIT “Kaifu” to his teammates, India’s new “finisher” is one of the fittest players in the team. When the team first introduced “bleep”tests for endurance, Kaif topped the minimum level of 11 set by the physio, reaching a level of 14. As his other teammates struggle with dietary restrictions, Kaif chuckles – he’s one of the rare few who has been told to put on weight, and can eat what he likes.advertisementIn the field they reckon on a good day he can save the team between 12 and 16 runs. Off the field, he’s a quiet sort, who prays five times a day and listens to old Hindi film songs to relax once the cricket is done.Other than cricket, Mohammed Kaif, regular kid, loves climbing on the roof of his home in Kali Mai Lane in Keetganj, Allahabad, to fly kites.last_img read more