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Maxine Waters Voices Concerns With Community Reinvestment Act

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Maxine Waters Voices Concerns With Community Reinvestment Act About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago January 16, 2020 2,287 Views Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Community Reinvestment Act House Financial Services Committee Opportunity Zones 2020-01-16 Mike Albanese Demand Propels Home Prices Upward 2 days ago Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, sent letters to the Comptroller of the Currency and the Chairman of the Federal Deposit Insurance Corporation, requesting information on the systems and policies for the Community Reinvestment Act rulemaking process. “The Committee is concerned by reports alleging that certain special interest groups have submitted comments in other rulemakings while posing as consumers, small business owners, and other stakeholders,” Water wrote. “These fraudulent comments undermine legitimate debate on proposed rules by creating the false appearance that a position has widespread, grassroot support. …Given the critical importance of CRA to low- and moderate-income communities, the Committee is interested in ensuring any amendments to the CRA are made with full and accurate input from all interested parties.”The House Financial Services Committee said as the OCC and the FDIC have advanced proposals has the Community Reinvestment Act is implemented. The release states Waters and Committee Democrats have worked to ensure that the implementation of the law is not weakened. The Committee is concerned by reports alleging that certain special interest groups have submitted comments in other rulemakings while posing as consumers, small business owners, and other stakeholders,” Waters said in her letter. “These fraudulent comments undermine legitimate debate on proposed rules by creating the false appearance that a position has widespread, grassroots support. Such misrepresentations have been increasing in frequency and complexity in recent years.” Waters said in late 2019 that the Securities and Exchange Commission Chairman Jay Clayton quoted comments that were submitted under “suspicious circumstances” in a recent rulemaking. “In 2016, the Consumer Financial Protection Bureau’s efforts to receive comments regarding its payday lending rule were frustrated by an influx of over a million comments, many of which were allegedly created by trade groups to appear as if they came from concerned consumers,” she said. The Financial Services Committee will hold a hearing on January 29 titled, “The Community Reinvestment Act: Is the OCC Undermining the Law’s Purpose and Intent?”On December 19, 2019, the IRS published final regulations on Opportunity Zones. In a commentary on Bloomberg Tax, Forest David Milder partner in the law firm Nixon Peabody, LLP, discusses the highlights of the 544-page regulation publication.Key details Milder notes include the 180-day investing period, the “100% Substantial Improvement Rule,” and tax consequences of sales after 10 years, which Milder notes is the “biggest challenge of all.” Previous: FHFA: PACE Loans a Threat to GSEs? Next: HUD Releases $8.2B in Aid to Puerto Rico Maxine Waters Voices Concerns With Community Reinvestment Act The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Related Articles Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Tagged with: Community Reinvestment Act House Financial Services Committee Opportunity Zoneslast_img read more

Mayor’s Update: October 13, 2017

first_imgMayor Jay Gillian Dear Friends,The beach, boardwalk, bay and downtown are the cornerstones of our economy and our way of life here in Ocean City, and projects to maintain and improve them are vital to our future.On Monday (Oct. 16), the boardwalk will be closed between 10th Street and 11th Street as crews start to replace the entire substructure and decking between 10th Street and 12th Street. The remaining portion of the project area between 11th Street and 12th Street will close on Monday, Oct. 23. Bicyclists and pedestrians traveling the length of the boardwalk will be detoured to Ocean Avenue at 9th Street and 12th Street. Access to the boardwalk and stores between 9th Street and 10th Street will remain open. See map and more info.The work is expected to be complete by March 2018. When it’s done, we will have completed a seven-year project in five years and will have completely restored the heart of the boardwalk between Fifth Street and 12th Street. This phase will add at least one new oceanside pavilion to the five that have already been constructed (with the possibility of two more beyond the project area). I want to thank all the merchants, runners, cyclists, residents and guests for their patience during this essential infrastructure improvement.As soon as next weekend, the Army Corps of Engineers could begin work to restore beaches between Seaspray Road and the area approaching the 14th Street Pier. The renourishment project will include about 1 million cubic yards of new sand to elevate and widen our beaches, and to stockpile material to help us rebuild dunes at Fifth Street and other areas. The work is expected to take about 50 days but could stretch into the new year, depending on weather conditions and other factors. A pipeline from a dredge stationed off Great Egg Harbor Inlet will hit the beach near Morningside Road. Work will start north of that point, then proceed south. This is the eighth renourishment project for Ocean City, and the Army Corps knows well that we are all extremely grateful for the protection of our property.Work to dredge shallow lagoons at Carnival Bayou, Sunny Harbor and South Harbor also will begin on Monday (Oct. 16). One contractor will begin hydraulic dredging at Carnival. Survey crews for another contractor will be in Sunny Harbor placing stakes with flags to mark dredging boundaries. Anybody who is boating, paddling or swimming in the area should be aware of the work, pipelines, equipment and markers in the area.A neighborhood meeting is scheduled for 7 p.m. Thursday, Oct. 19, at the Ocean City Tabernacle (550 Wesley Avenue). The purpose of the meeting is for the city to detail the potential process for residents to conduct private boat slip dredging in Carnival Bayou, Sunny Harbor and South Harbor this fall. The mechanical dredge contractor for Sunny Harbor and South Harbor and the hydraulic contractor for Carnival Bayou will be present at the meeting. The presentation will include an update on the project timelines and information on the application process. Anybody who is unable to attend will be able to find information from the meeting at www.ocnj.us/Capital-Projects-Bay.At last night’s meeting, City Council approved an ordinance that authorizes borrowing money for the purchase of a commercial property next to the Tennessee Avenue boat ramp. The ordinance was brought forward because opportunities to purchase waterfront property adjacent to an existing recreational facility are rare and because the area is zoned for further residential development. I’d rather see the property become a community resource than be developed further.The community understandably wants more information on potential plans for the property. The city is investigating the structural and environmental integrity of the building and potential rehabilitation costs, and I will continue to work with the homeowners association of the adjacent Ocean Reef community and Ocean City residents on a vision before making any recommendation to move forward. Under any circumstance, the public will have plenty of opportunity to provide feedback on the idea before any potential action would be taken.Finally, I want to let everybody know that buttons for the 2018 First Night Ocean City are now on sale for $15. The family-friendly New Year’s Eve celebration is now in its 26th year, and it’s a great opportunity to enjoy a safe holiday. The buttons are available at the City Hall Welcome Center (9th Street entrance), the Welcome Center on the Route 52 causeway or online at firstnightocnj.com . Anybody interested in helping out with the event, can download the First Night volunteer form here .Warm regards,Jay A. GillianMayorlast_img read more

VFL Wolfsburg unveils Interwetten signing

first_img Related Articles MySportwetten: What German players want from a bookmaker July 10, 2020 Submit Share Bundesliga giants VFL Wolfsburg has unveiled its latest partnership with online gambling operator Interwetten. The deal, which comes into effect as from the start of the upcoming 2019/20 campaign will see Interwetten serve as the team’s official sports betting partner.Interwetten managing director, Dominik Beier, commented on the partnership: “Sport is an essential driving force for us and one that we support through a variety of sponsorship deals.“In VfL Wolfsburg we have managed to find a very interesting partner. The high levels of professionalism at the club, as well as their digital approach and willingness to be flexible and creative in our dealings together, are what won us over.“In sporting terms things have been going very well for the club lately and they’ve made it into the UEFA Europa League. What brings VfL Wolfsburg and Interwetten together is the desire to work in an innovative way, develop new products and constantly move forward. We are looking forward to an active and successful cooperation.”As a result, the Vienna-based company will receive a comprehensive portfolio package from the Bundesliga club, which includes national LED TV pitchside advertising, Cam Carpets in the Volkswagen Arena and hospitality benefits.Michael Meeske, managing director of the Bundesliga outfit, concluded: “We are delighted to have acquired an international partner of real note in the German speaking sports betting market in the form of Interwetten, whose offer really sets the standard in the sector.”VFL Wolfsburg, who finished last season in sixth place, kicks off its 2019/20 season with a DFB-Pokal, German cup,  away trip to third division side Hallescher FC on August 12th. Interwetten signs Yakubu as first Nigeria ambassador July 14, 2020 Share StumbleUpon Interwetten named main sponsor for Greek Super League August 4, 2020last_img read more

Jamal Crawford eyes move to Lakers if Clippers trade

first_img Newsroom GuidelinesNews TipsContact UsReport an Error The Lakers have been careful this offseason not to commit money beyond 2018, so they might not be willing to offer Crawford a multiple-year contract. But with the Lakers sitting about $12 million under the $99 million salary cap, they could offer him a richer contract than the veteran’s minimum.Since trading D’Angelo Russell before the draft, the Lakers have been on the hunt for veteran reinforcements in the backcourt. They pursued point guard George Hill before the former Utah Jazz star agreed to a three-year, $57 million deal with Sacramento on Tuesday. They also have shown interest in former All-Star Rajon Rondo, who was bought out by the Chicago Bulls earlier this summer. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersWhile the Cleveland Cavaliers and Golden State Warriors are both expected to be in pursuit of the streaky but durable Crawford, who averaged 12.3 points in 82 games last season, for now, the Lakers seem to be at the top of his wish list.According to an ESPN report, the interest is mutual.A cross-town move makes sense for the three-time NBA Sixth Man of the Year. He would prefer not to move his family out of L.A. and he already has a personal relationship with Lonzo Ball, the 19-year-old selected No. 2 overall by the Lakers in June’s draft.Widely recognized as one of the NBA’s friendliest players and a stable locker room presence, Crawford would add a dose of veteran leadership to a 15-man roster that could have as many as nine players who were drafted by the Lakers since 2014.The Lakers have several things working in their favor, although they would not be able to offer a title chase like the Warriors or Cavaliers, who have met in the Finals for three straight years.center_img Career sixth man Jamal Crawford has strong interest in remaining in Los Angeles and signing with the Lakers if a proposed three-team trade that would send him from the Clippers to the Atlanta Hawks goes through, a source said Tuesday.The Hawks, who are rebuilding after losing Paul Millsap and trading Dwight Howard, would have to buy out the remaining two years on the 37-year-old Crawford’s contract.On Monday night, the Clippers appeared close to a three-way blockbuster deal with Denver and the Hawks that would send Danilo Gallinari to the Clippers on a new three-year, $65 million deal and would allow All-Star Millsap to relocate to Denver. To clear room for Gallinari, the Clippers were poised to trade Crawford, last year’s second-round pick Diamond Stone and a future first-round pick to the Hawks.Crawford has two years and nearly $29 million remaining on the three-year, $42 million deal he signed with the Clippers last summer, but the third year is only partially guaranteed.last_img read more

Giants leave brooms at home on Father’s Day, fail to complete sweep of Brewers

first_imgClick here if you’re unable to view the photo gallery on your mobile device. SAN FRANCISCO — Among all the potential Father’s Day gifts out there, a broom ranks among the tackiest.It’s exactly the present manager Bruce Bochy wanted anyway, but Oracle Park remains a sweep-free zone in series of at least three games for the Giants.After taking the first two games of a three-game weekend set from the first-place Milwaukee Brewers, the Giants failed to break out the brooms in a 5-3 loss on …last_img

Brand South Africa calls for a single national narrative

first_imgAt a workshop held in Johannesburg this week, Brand South Africa urged stakeholders and provinces to align themselves with its brand so that the nation would have one story, well told. Sithembile Ntombela of Brand South Africa said they are busy developing a Country Messaging Framework so that South Africans in all provinces could tell the same message when doing nation branding. (Image: Priya Pitamber) Melissa JavanProvinces should align themselves with Brand South Africa‘s message when it came to nation branding, said Sithembile Ntombela, the acting chief marketing officer of the country’s international marketing agency.Ntombela hosted a nation brand masterclass for several stakeholders during a workshop at the Gauteng Investment Centre in Sandton, Johannesburg, on 19 August. They were introduced to two of Brand South Africa’s programmes, namely the Nation Brand Master Class and the South African Competitiveness Forum.The former seeks to train and equip marketers and communicators with the necessary skills to profile the South African nation brand. The latter is a platform on which the agency seeks to find ways to improve the country’s competitiveness.Ntombela said she had visited various provinces’ stalls at the Tourism Indaba in May, and found that the brand information of several was full of jargon. She said this made her feel a disconnection with the nation brand. Brand South Africa is therefore developing a Country Messaging Framework to address this matter. The framework was still being developed and stakeholder input was needed.Elements of nation branding included people, tourism, governance, investment, culture and heritage.Provinces should not do their own thing, Ntombela said, especially when it came to tourism. “The dress-up of South Africa is important. It is how we carry ourselves as custodians. The storytelling aspect is the driver behind what you accomplish.“We have to sell the basics right, know what our values [our esteem] as South Africans are.”She said brand alignment was about messaging, adding that all messages represent where South Africa came from and what it represented. “But we tend to contradict ourselves.”Brand South Africa’s messaging would be aligned with the National Development Plan.The focus of Ntombela’s masterclass was that South Africans should have “one story, well told” when doing nation branding. In meeting this, she recommended that provinces should align with the Brand South Africa brand identity.Nation branding was important because of a country’s identity, purpose and national pride. “We want to attract tourists and stimulate investments.”The question that should be asked of South Africans, she stressed, was what they were doing in their province to stimulate this.last_img read more

World Cup quarter-final line-up and results

first_imgIndia will face defending champions Australia in the quarter-finals of the cricket World Cup at the Sardar Patel Stadium in Motera, Ahmedabad on March 24.  The quarter-finals will begin from March 23. Here’s the list of matches in the quarter-final stage of the tournament. First quarterfinalMarch 23: Pakistan vs West Indies at Sher-e-Bangla National Stadium, MirpurPakistan won by 10 wickets (Scorecard | Match report)Second quarterfinalMarch 24: India vs Australia at Sardar Patel Stadium, Motera, AhmedabadIndia won by five wickets (Scorecard | Match report) Third quarterfinalMarch 25: New Zealand vs South Africa at Sher-e-Bangla National Stadium, MirpurNew Zealand won by 49 runs (Scorecard | Match report) Fourth quarterfinalMarch 26: Sri Lanka vs England at R Premadasa Stadium, ColomboSri Lanka won by 10 wickets (Scorecard | Match report)last_img read more