Proctorville Real Estate News
Tuesday May 19 | via Washington Examiner
Democrats on the Senate Banking Committee have countered Republican Chairman Richard Shelby's proposal to overhaul banking regulation with a plan of their own, one that would limit deregulation to small banks and credit unions. The outline, released by the panel's ranking Democrat, Sen. Sherrod Brown of Ohio, two days before a scheduled mark-up, mostly retains the community bank provisions of Shelby's reform, while dropping a range of other items that liberals had criticized as giveaways to Wall Street. Comment?
Thursday | via Los Angeles Times
A Senate committee Thursday voted to ease some of the financial regulations enacted in 2010, approving legislation that Republicans said would help small banks avoid burdensome rules but that Democrats charged would help big Wall Street firms as well. The 12-10 vote in the Senate Banking Committee split along party lines, demonstrating the sharp partisan divisions that still exist nearly five years after the Dodd-Frank Wall Street Reform and Consumer Protection Act was approved in the wake of the 2008 financial crisis. Comment?
Thursday | via Insurance News Net
A bill that would significantly reduce federal agencies' authority to regulate insurance companies was reported out of committee today, despite it being unlikely to win enough votes in its present form to become law. The bill will likely need significant narrowing before it can win enough votes to be enacted. Comment?
Monday May 18 | via Press
The Ohio Farm Bureau Federation has proposed more changes to the state's formula for farmland valuation, saying the reforms would result in more accurate valuations that reflect the economic conditions the agricultural sector is facing. In a May 13 letter to the Ohio Department of Taxation, the Farm Bureau contends the changes to the Current Agricultural Use Valuation program would also encourage more participation in conservation practices. Comment?
Thursday May 14 | via Paulding Progress
COLUMBUS Ohio Farm Bureau Federation has offered a second set of recommended changes to the state's Current Agricultural Use Valuation program, which should result in more accurate valuations that reflect the current economic conditions faced by landowners are facing. An additional benefit should be to encourage more participation in conservation practices and programs. Comment?
11 min ago | via Seeking Alpha
Commodities fell broadly this week as the U.S. dollar made a big comeback. Only wheat and WTI crude oil eked out fractional gains. Comment?
43 min ago | via AmericanBankingNews.com
MMA Capital Management EVP Gary A. Mentesana purchased 3,000 shares of MMA Capital Management stock on the open market in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $10.67 per share, with a total value of $32,010.00. Comment?
46 min ago | via Times of Oman
New York: Barclays dismissed mortgage-bond trader Yoon Seok Lee over claims related to inaccurate information provided to clients. Lee was "discharged" on February 11 after "allegations involving certain inaccurate communications to customers during the negotiation of residential mortgage-backed securities trades," Financial Industry Regulatory Authority records show. Comment?
49 min ago | via Examiner.com
Princeton University Professor of Economics Alan Krueger and Roger Altman, executive chairman at Evercore, talk about the impact of trade agreements on U.S. jobs and the political battle over the Trans-Pacific Partnership agreement. They speak on "In T... Living and working in any community in America today, one must realize that no person is an island. Comment?
1 hr ago | via Worcester Telegram & Gazette
WASHINGTON - Could there be a way to help senior homeowners with their cash flow needs without saddling them - and ultimately their families - with high costs? That's a key question at a time when millions of seniors are flooding into their post-retirement years, many of them with equity in their homes but insufficient income to handle expenses over the long term. If they want to stay in their homes, they can opt for a government-insured reverse mortgage, which may provide them cash in exchange for repayment plus interest after they die, move out or sell. Comment?
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