Razor Thin Vote on CFPB Arbitration Rule Stirs Reaction

first_imgHome / Daily Dose / Razor Thin Vote on CFPB Arbitration Rule Stirs Reaction  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Razor Thin Vote on CFPB Arbitration Rule Stirs Reaction Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Rachel Williams Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Arbitration CFPB Cordray HOUSING mortgage Senate 2017-10-25 rachelwilliams Tagged with: Arbitration CFPB Cordray HOUSING mortgage Senate The Week Ahead: Nearing the Forbearance Exit 2 days ago Since the Consumer Financial Protection Bureau (CFPB) first introduced a rule prohibiting companies from using mandatory arbitration clauses back in July, the merits of the measure have been hotly debated.On Tuesday evening, this debate came to a head when the Senate repealed the arbitration rule with a narrow 51-50 vote that required Vice President Mike Pence to cast the tie-breaking vote. The resolution previously passed the House in July and now awaits presidential seal.Earlier this week, CFPB spokesman Sam Gilford defended the rule in a response to a report released by the Treasury Department titled “Limiting Consumer Choice, Expanding Costly Litigation: An Analysis of the CFPB Arbitration Rule.”“Our rigorous analysis of the costs and benefits of the rule found that mandatory arbitration clauses allow companies to avoid accountability for breaking the law and cost consumers billions of dollars by blocking group lawsuits,” said Gilford.Among those applauding the vote was Acting Comptroller of the Currency Keith A. Noreika. “The elected representatives acted to stop a rule from going into effect that would have likely increased the cost of credit for hardworking Americans and made it more difficult for small community banks to resolve differences with their customers without achieving the rule’s goal of deterring future financial abuse,” said Noreika.Also in support is National Association of Federal Credit Unions President and CEO Dan Berger. “While NAFCU strongly supports consumer protections, credit unions should not have been included in this rulemaking as they are not the bad actors the rule is meant to target. Credit unions should also have access to various forms of dispute resolution, but this rule, as written, could have led to a rise in frivolous lawsuits,” said Berger.In an earlier statement, Sen. John Kennedy (R-Louisiana) who voted against the repeal stated that the recent Equifax break was part of his voting decision. “Equifax needs to be transparent with the public, and that includes ensuring that consumers understand what legal recourses they may be giving up simply by trying to protect themselves from the repercussions of the breach.”After all the votes were cast, CFPB Director Richard Cordray called the move “a giant setback for every consumer in this country.” Previous: California Wildfires Cause Dire Housing Inventory Shortage Next: David Stevens Announces Retirement After 6 Years Helming the MBA Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago October 25, 2017 1,665 Views The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Newslast_img read more

Syracuse advances to ACC tournament quarterfinal with 67-50 win over Virginia

first_imgBefore heading to Greensboro, North Carolina, Syracuse head coach Quentin Hillsman laid out his team’s only option simply: Win the Atlantic Coast Conference tournament. “We understand what we’ve got to do,” Hillsman told reporters on March 3. “At least we know what’s clear. If we’re trying to make the NCAA tournament, we’ve got to win the tournament now.”Syracuse entered its second-round matchup with Virginia on a three-game losing streak but completed the first step to accomplishing Hillsman’s mission. With a defense that turned Virginia over 26 times and held UVA to 29% field goal shooting, the Orange advanced with a 67-50 victory. They’ll face the conference’s No. 1 seed Louisville in the quarterfinals at 2 p.m. tomorrow. “Our kids really grinded this one out,” Hillsman said after the game. All afternoon, Syracuse anticipated passes both in the half-court and full-court press. First-team All-ACC member Kiara Lewis was especially aggressive in the passing lanes, snagging three steals. She also drew multiple charges.AdvertisementThis is placeholder textWith 3:44 left in the contest, senior guard Gabrielle Cooper (three steals) tracked down a looping inbound pass to half court, out-jumped two Cavaliers and tapped it ahead, drawing a foul in the process. Later in the quarter, Cooper and Elemy Colomé combined on a trap near midcourt to force Virginia’s season-high 25th turnover. UVA averages 16 turnovers per game. At first, SU got its scoring from sophomore forward Emily Engstler, who didn’t travel to last year’s ACC tournament because of a coach’s decision. She led SU on both ends in the first half, going 3-for-4 from behind the arc to the tune of 11 points, while also snagging seven rebounds. Syracuse extended its lead to nine with a minute remaining in the half, but back-to-back Cavalier buckets trimmed the deficit to four. Still, SU had scored 38 first-half points, nearly as many as its total from Feb. 2’s matchup with Virginia, when the Orange scored 41 — their lowest output since 2007. Engstler opened the second half with a turnaround fadeaway in the paint after driving from the corner, leading ACC Network broadcasters to ask “Who is this Emily Engstler?” But with 4:18 remaining in the third quarter, Engstler rolled her ankle. In tears, she hopped to the bench and didn’t return. SU had already lost its spark-plug guard off the bench when Teisha Hyman went down against NC State, and with Engstler, SU lost its best rebounder, interior defender and secondary playmaker. Maeva Djaldi-Tabdi replaced Enstler in the frontcourt valiantly, immediately scoring two buckets and drawing four charges. With Djaldi-Tabdi and other SU frontcourt players stepping up, as well as continued tenacious defense, the Orange outscored UVA by 11 after Engstler left the game.A Digna Strautmane 3-pointer from the wing two minutes into the final frame gave the Orange an 11-point advantage, their largest of the game at the time. Then, Joceyln Willoughby, the conference’s leading scorer, responded with a triple of her own. SU maintained its lead with its pick-and-roll offense and aggressive defense — it scored 30 points off turnovers. After a lefty finish on the catch in the pick-and-roll, Amaya Finklea-Guity (season-high 15 points) deflected a pass out of bounds right in front of SU’s bench. Hillsman swung his right arm in a fist pump.The final quarter was no different for the Cavaliers, who never deciphered SU’s defense. A deflection by Lewis led to a shot-clock violation, and other rotations forced UVA into disjointed offensive sets. Syracuse held UVA scoreless for the final seven minutes of the second-round victory. SU’s defense carries that scoreless streak into the quarterfinal, where Louisville awaits.  Comments Facebook Twitter Google+ Published on March 5, 2020 at 5:11 pm Contact Danny: [email protected] | @DannyEmermanlast_img read more

GFA National Executive Committee Elections to be held today

first_imgTuesday morning’s election process will begin today with 11 individuals contesting for the six slots allocated to the Premier clubs on the National Executive Committee.This will be followed by the election of four individuals to represent the Division One clubs on the National Executive Committee later in the dayAll Delegates from the Constituent bodies, 48 Division One Clubs and 16 Premier League Clubs are to take note of the time, date and venue for the elections.Below is the full list of aspirants who are contesting to be elected as representatives of the Division One and Premier Division respectively:DIVISION ONE1. Kweku Abaka Eyiah (Tarkwa United)2. Wilfred Kwaku Osei (Tema Youth) 3. John Frederick Mensah (Ebusua Dwarfs)4. Fred Crentsil (Techiman City)5. Ronald Joojo Duncan (Proud United)6. Otuo Acheampong Barima Boadaa (Asokwa Deportivo)7. Oloboi Commodore (Sporting Mirren) 8. Kofi Poku (D’International)9. Kurt E.S. Okraku (Dreams FC)10. Ebo Kobina Appiah (KFC Samosa)11. Jones Abu Alhassan (RTU)PREMIER LEAGUE 1. George Afriyie (Liberty Professionals)2. Kingsley Osei Bonsu (Bechem United)3. Kofi Manu (B.A. United)4. Delali Eric Senaye (Inter Allies)5. Samuel Opoku Nti (Asante Kotoko) 6. Kodjo Fianoo (Ashgold)7. Frank Nelson Nwokolo (Hearts of Oak)8. Albert Commey Aryeetey (Aduana Stars)9. Nab Benjamin Eyison (Hasaacas)10. Emmanuel Larbi Amoah (Medeama) 11. Frederick Acheampong (New Edubiase)–Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more

Blackmagic Cinema Camera Video Review

first_imgThinking about getting a Blackmagic Cinema Camera?  This video review breaks down some of the camera’s strengths and weaknesses and concludes if it is a good or bad investment for the video production professional.Video production pros Ben and Ian of Panvista Productions recently analyzed the Blackmagic Cinema Camera to determine if it was a worthwhile investment for their business.When the camera was introduced at NAB 2012 it was an absolute shocker.  At first glance, the Cinema Camera looks like an incredible deal – 2.5k sensor, 13 stops of dynamic range and a price that’s affordable to many pros (MSRP $2,995).  For the product announcement and more specs see our earlier post here.Could this be the camera to revolutionize the video production industry?All of these impressive specs for a low price sound like a bargain, but how practical is the Blackmagic Cinema Camera in a professional video production environment?  Can you affordably shoot a feature film with it?  How does it stack up to others for commercial and online video work?  How does the Cinema Camera workflow effect post?  Ben and Ian set out to answer these questions and determine if the BCC is as practical as it is impressive:last_img read more