Print This Post Servicers Navigate the Post-Pandemic World 2 days ago A revised version of the Financial CHOICE Act is in the works, according to House Financial Services Chairman and bill author Jeb Hensarling, R-Texas. Hensarling announced at the American Bankers Association Government Relations Summit on Wednesday that a revised version of the act would be released “soon,” but gave no further details on how soon.Hensarling first introduced the Financial CHOICE act last summer, in response to the 2010 Dodd-Frank act. The president’s team has already indicated support of the Financial CHOICE Act, which, among other things, would modify aspects of Dodd-Frank. The CHOICE Act would help to reform the Consumer Financial Protection Bureau, which, according to author and investment banker Chris Whalen, “has been especially harmful to the mortgage industry and has caused the cost of servicing a mortgage to rise several fold since 2008.”Hensarling is confident that his legislation will win a vote in the House, however, he fears that it will face a tougher road through the Senate. Republican Senate Banking Committee Chairman Mike Crapo, R-Idaho, faces the challenge of getting at least eight Democrats on boards for large portions of the legislation, according to Hensarling.“Right now, I fear that a number of Democratic senators are intimidated by their base,” Hensarling said.Hensarling has not given a specific timeline for when he will release the new timeline, although he did state that the presidential administration views bank deregulation efforts as a priority. It is difficult right now, however, to determine when Congress will be able to fit financial regulation into its schedule, as other acts, such as the Affordable Care Act and Senate confirmations currently dominate Congress.Despite the opposition, Whalen notes that now is the right time for Financial CHOICE to pass. “There are a number of other issues that may catch the attention of the new President next year, but an amended version of the Financial CHOICE Act has the highest probability of success in 2017,” Whalen said. “Needless to say, the financial services industry including banks, insurers and nonbank financial institutions will be very supportive of passage of some form of the Financial CHOICE Act.” in Daily Dose, Featured, Government, Market Studies, News Related Articles March 23, 2017 1,843 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: CFPB to Re-Examine Regulation Next: Delinquencies Down, Performance Steady in Q4 Revised Financial CHOICE Act to Come Soon Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Revised Financial CHOICE Act to Come Soon Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Government Regulation 2017-03-23 Seth Welborn Tagged with: Government Regulation Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago
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The Barbados government says “all steps” have been taken to ensure students will not be placed at a disadvantage when writing examinations that coincide with the May 24 general election.After months of speculation, Prime Minister Freundel Stuart on Thursday announced the general election will be held on Thursday, May 24 with Nomination day schedule for May 7.Explain the conflictBut the leader of main opposition Barbados Labor Party (BLP), Mia Mottley, who welcomed the date for the long-awaited polls, said ruling Democratic Labor Party (DLP) needed to explain to the country the decision to call the elections on the day school children were writing the Caribbean Examination Council (CXC) exams.“Stuart had five years to set a date for the elections, it is therefore regrettable that he has chosen a date that conflicts with the examinations being taken by our children on both nomination day and election day. The Prime Minister and the government need to explain to the country as soon as possible what arrangements will be put in place to minimize this anxiety… this is nothing more than a royal fumble,” Mottley said. Many schools also serve as polling stations during general elections in Barbados.Ministry of Education outlines measures But, in a statement, the Ministry of Education and Science said it wanted to outline measures being taken to ensure that students were not placed in jeopardy for the exams.It said all external examinations will take place as previously scheduled and will be administered in strict compliance with the regulations and procedures of the respective examining bodies.“Candidates are, therefore, required to report early to their respective examination centers as specified on their timetables,” the statement said, urging ‘all candidates to carefully follow the instructions that will be issued by the Supervisor of Examinations at each center.“This is very important since there will be special arrangements to be implemented at each center to facilitate the entrance, controlled movement and exit of candidates and other examination officials during the day’s examination period.Assurances given “The Ministry wishes to assure the public and candidates that all steps have been taken to ensure safe and secure conditions for the administration of all examinations so that no candidate will be disadvantaged as a result of any events on that date. “The Ministry of Education said it was looking forward to the “cooperation of all parties involved in the writing and administration of examinations on Thursday May 24.”
The Blue Devils (21-11) won their third NEC championship in the last seven years, and will be the only school from Connecticut in the NCAA Tournament this season. The University of Connecticut (17-14) lost Wednesday in the opening round of the Big East Tournament and will miss the NCAAs for the first time since 2001. Central Connecticut ran away with the Northeast Conference regular-season championship, going 16-2 in league play and 9-0 at home. No. 18 Marquette 76, St. John’s 67: Dan Fitzgerald scored eight of his 20 points during a 15-3 run midway through the second half and the Golden Eagles (25-8) held off the upset-minded Red Storm in the opening round of the Big East Tournament. Marquette advanced to play third-seeded Pittsburgh today. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! One year after a last-place finish, David Patten was being carried off the court by Weber State fans. Patten, the league’s MVP, scored a team-high 22 points Wednesday night, leading the Wildcats to the Big Sky Conference Tournament title with an 88-80 victory over Northern Arizona in Ogden, Utah. “You imagine it, sure,” Patten said. “I don’t know if we thought it was doable, but it was a goal.” Weber State lost to Wisconsin in the first round of the NCAAs in 2003. But it has something of a reputation as an upset team, having beat North Carolina in the first round in 1999 and Michigan State in the first round in ’95. Who would the Wildcats like to see announced, as their opponent on selection Sunday, this year? “One of the top five teams in the nation,” Patten said. “Why not?” Central Connecticut 74, Sacred Heart 70: Javier Mojica scored 25 points, including a late 3-pointer that helped Central Connecticut beat Sacred Heart in the Northeast Conference Tournament championship game in New Britain, Conn., and earn an NCAA bid. The win put the Wildcats (20-11, 12-5) into the NCAA Ttournament for the 14th time in school history, the first since 2003. Patten was the only returning starter from the team that finished last in the conference a year ago. Under first-year coach Randy Rahe, the Wildcats engineered one of the most surprising turnarounds in Big Sky history.
An expanded World Club Series The Touch Football World Cup in May, featuring 99 teams from 25 nationsThe launch was held last night in Auckland for the first time, recognising the 20th anniversary of the Warriors being in the NRL competition and the success of the New Zealand team in the recent Four Nations tournament. Mr Smith said a highlight of the season would be the special commemoration of the 100th ANZAC which will see five games on the same day in Auckland, Newcastle, Sydney, Melbourne and Brisbane. He said there would also be more Easter holiday matches, a revitalised Monday night schedule and Thursday night football leading into the Finals Series. “And, of course, we will be taking State of Origin to the iconic Melbourne Cricket Ground for the first time in 18 years,” Mr Smith said. “It is an exceptional calendar which has something for everyone.”Related LinksNRL launch The NRL Telstra Premiership with a new look draw aimed at having more blockbuster matches The NRL has launched its 2015 calendar which will see 10 months of Rugby League competitions, events and entertainment, as well as plenty of integration with Touch Football. CEO Dave Smith said 2015 would have something for every League fan. It begins this weekend with the Dick Smith Auckland Nines featuring all 16 NRL teams in the exciting, fast version of the game. This will be followed by:The return of the Harvey Norman Rugby League All Stars match, which includes the first ever All Stars Touch Football match The Holden State of Origin Series and representative matches
READ MORE “Blade Runner 2049” is going to struggle to make it past the $100 million mark at the domestic box office, hardly the response Warner Brothers was looking for given the film’s estimated $300 million production and marketing budget. In a way, the odds were always against “2049” given that its predecessor was also a financial disappointment and only went on to become a cult classic with a very specific demographic of moviegoers. “Blade Runner” is no multi-generational favorite a la films like “Star Wars” or “Jurassic Park.”But while the sequel is a box office dud, it’s unquestionably a huge step in the right direction for studio filmmaking.In a blockbuster age dominated by comic book fare and endless cash-grabbing sequels, it has become increasingly rare to see a big-budget studio film driven not by mind-numbing spectacle or the demands of universe-building but by an auteur’s singular vision. “2049” lacks the epic action set pieces that define Marvel movies, but it has a kind of patience and cerebral edge any superhero movie wouldn’t dare touch. The film has a gun fight or two, but it’s largely made up of characters reflecting on their own shifting perceptions of what it means to be human. Advertisement Advertisement Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Facebook Twitter
TORONTO – It was a fairly muted day of trading on North American markets, as Canada’s main stock index posted moderate losses and Wall Street indices pushed mostly higher on small gains.The S&P/TSX composite index was down 31.79 points to 16,317.65 on Monday, in a broad-based decline that included the influential energy and materials sectors.In New York, the Dow Jones industrial average fell 12.87 points to 25,283.00. The S&P 500 index edged up 4.56 points to 2,747.71 and the Nasdaq composite index advanced 20.83 points to 7,157.39, both new record finishes.“It’s a rather quiet day coming on the heels of what we saw last week, which was fairly solid employment reports, certainly in Canada and perhaps to a smaller degree in the U.S.,” said Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis.A report released Friday by Statistics Canada showed the economy created 78,600 net new jobs in December and the unemployment rate fell to its lowest point in more than 40 years. Less bullish were U.S. Labor Department figures which showed that American employers added 148,000 jobs in December — a solid gain but a bit less than experts expected.“So while today is a rather flat day, the broader narrative for the markets is still one where economic growth should continue to fuel corporate profit growth and that’s been the legs that the market’s been standing on,” Fehr said.However, a slew of companies are set to begin reporting their results for the last three months of 2017, with the pace picking up later this week.“The earnings picture is the way the markets can gauge the value of the economic growth we’ve seen,” noted Fehr.Analysts and investors will likely be more focused on what CEOs say about their expectations for future earnings. That’s because Wall Street is looking for profits to rise even higher after Washington approved cuts in corporate tax rates last month. The overhaul of the tax system may help some areas of the market more than others, and investors want to see how much companies will raise their forecasts.In currency markets, the Canadian dollar closed at an average trading price of 80.50 cents US, down 0.13 a U.S. cent.On the corporate front, shares of Loblaw Companies Ltd. (TSX:L) fell 67 cents, or 0.99 per cent, to $67.25, as the company opened registration Monday for the $25 gift cards intended as a goodwill gesture in light of its participation in a bread price-fixing scheme. However, the grocery giant revealed a number of restrictions for redemption and eventual use of the card.In commodities, the February crude contract added 29 cents to US$61.73 per barrel and the February natural gas contract was up four cents to US$2.84 per mmBTU.The February gold contract gave back US$1.90 to US$1,320.40 an ounce and the March copper contract was down a cent at US$3.22 a pound.– With a file from The Associated Press.Follow @DaveHTO on Twitter.
WASHINGTON — Who is going and who is staying in a Trump administration shakeup being weighed by the president may be anyone’s guess.The secretary of the Department of Homeland Security, Kirstjen Nielsen, had been thought to be on her way out as soon as this week. But two people with knowledge of the situation tell The Associated Press that Nielsen is likely to remain for the time being because there is no obvious successor.People with knowledge of a possible shakeup also say that President Donald Trump is discussing replacing his chief of staff, John Kelly, with Vice-President Mike Pence’s chief of staff.Other possible changes involve Commerce Secretary Wilbur Ross and Interior Secretary Ryan Zinke.Colleen Long, Zeke Miller And Catherine Lucey, The Associated Press
DAWSON CREEK, B.C. — Aspiring professional chef and Dawson Creek resident Jen Jenkins is sadly out of contention for the title of Masterchef Canada, after she was eliminated on last night’s episode.Jenkins first cracked the Top 12 during the show’s season premiere in April. The 28-year-old stay-at-home mom had managed to make the Top 7 of the show’s competition, which featured the return of contestant Kaegan Donnelly from Vancouver after he won a redemption challenge. The eight amateur chefs were split into two teams to create a three-course tasting menu inspired by the Group of Seven for seven Order of Canada recipients. Sadly, the Red Team ended up rallying after nearly falling apart to beat Jenkins’ team in the challenge, meaning the team’s four members now had to stave off elimination. The four had to compete in the Pressure Test / Replication Challenge, which involved replicating oysters prepared three different ways. The first was a Japanese-inspired sake poached oyster with Asian pear slaw and shelled lobster claw. The second was a raw oyster topped with mignonette sauce, champagne jelly, and red tobiko, and the third was an oyster Rockefeller with béchamel spinach purée, sautéed oyster mushrooms with panko crumbs. Marissa Leon-John ended up winning an impromptu oyster-shucking contest, meaning Jenkins was up against Donnelly and Beccy Stables in the final challenge, which she sadly lost. Despite being eliminated from the show, Jenkins’ future in the culinary industry looks incredibly promising. Jenkins and her family will be moving to Ontario later this year after she was accepted to the Stratford Chefs School. Jenkins said that she’ll begin her studies next fall, with the goal of achieving her dream of being paid to do what she loves: cook delicious food.
San Jose (Costa Rica): Vice President M Venkaiah Naidu has met President of Costa Rica Carlos Alvarado Quesada and held “fruitful” discussions on a range of issues, including cross border terrorism, and new areas of collaboration that hold potential to boost the bilateral ties. Vice President Naidu, who became the first Indian on Friday to receive an honorary doctorate by the University of Peace founded by the United Nations, also invited the Costa Rican companies to invest in India and benefit from high returns. “President of Costa Rica Carlos Quesada and I have had fruitful and cordial exchanges covering a range of areas of mutual interest. Based on our fruitful exchanges, we are confident that our mutual efforts will open up new and innovative vistas for deepening ongoing engagement between both countries,” Naidu said. “India is a peace loving country but has been a target of terrorism from across our border for the last few decades. We discussed in detail the menace of terrorism and the need to fight in one voice against individuals & terrorist groups engaged in terrorist activities,” the Vice President’s office said in a tweet. Naidu, who met president Quesada at the Casa Presidenical in San Jose on Friday, said there were many new areas of cooperation for the two countries to take their bilateral relations to new heights. He said the Costa Rican strengths that India would want to take advantage of include eco tourism, clean transport, education and to have zero carbon emission economy by 2021. “Indian strengths that Costa Rica can benefit from include space and biotechnology, Renewable Energy including solar, pharmaceuticals, ICT particularly eGovernance, hydroelectric generators and power plant equipment, farm machinery & skill upgradation, railway construction,” Naidu said. “Costa Rica is the largest economy in Central America. Costa Rican companies are invited to invest in and benefit from the fastest growing large economy. Current bilateral trade volumes between both countries are to the tune of USD 200 million,” he said. Terming Costa Rica as an “important partner” of India, Naidu said the two countries shared “close and cordial” ties based on their shared commitment to the pursuit of democracy, pluralism, multiculturalism, freedom of Press and equitable human rights. The two countries also exchanged memorandum of understanding on waiving visa requirements for diplomatic and official passport holders and the signing of the Letter of Intent to collaborate in the field of Biotechnology. “India & Costa Rica could collaborate in various aspects of skill development such as Soft Skills, Entrepreneurship, Financial and Digital Literacy. 50 per cent of Costa Rican population is less than 25 years. We could share our experiences in skilling, training and capacity building,” Naidu said. Naidu is in Costa Rica as part of his two-nation trip to Paraguay and the Central American country.