http://bankcreditnews.com Daily News on Commercial Lending & Consumer Credit Fri, 17 May 2013 19:07:42 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 http://bankcreditnews.com/news/house-votes-to-pass-sec-mandatory-rulemaking-deadline-homes-for-heroes-act/10341/ http://bankcreditnews.com/news/house-votes-to-pass-sec-mandatory-rulemaking-deadline-homes-for-heroes-act/10341/#comments Fri, 17 May 2013 16:35:24 +0000 Bank Credit News Reports http://bankcreditnews.com/?p=10341 The House of Representatives voted 416-6 on Wednesday to pass two bills from the Financial Services Committee, including one measure that would establish a rulemaking deadline for the SEC to implement a certain JOBS Act provision. Under H.R. 701, the … Read More...]]> http://bankcreditnews.com/news/house-votes-to-pass-sec-mandatory-rulemaking-deadline-homes-for-heroes-act/10341/feed/ 0 http://bankcreditnews.com/news/house-subcommittee-finds-too-big-to-fail-still-problematic-for-u-s/10337/ http://bankcreditnews.com/news/house-subcommittee-finds-too-big-to-fail-still-problematic-for-u-s/10337/#comments Fri, 17 May 2013 16:05:09 +0000 Sarah Jackson http://bankcreditnews.com/?p=10337 The House Oversight and Investigations Subcommittee recently concluded its review of “too big to fail” on Wednesday, finding Dodd-Frank did little to end TBTF but “enshrined it” instead. “Title II of Dodd-Frank, which created the Orderly Liquidation Authority, made government … Read More...]]> http://bankcreditnews.com/news/house-subcommittee-finds-too-big-to-fail-still-problematic-for-u-s/10337/feed/ 0 http://bankcreditnews.com/news/bangladesh-factory-collapse-prompts-reaffirmation-to-maintain-safety-standards/10332/ http://bankcreditnews.com/news/bangladesh-factory-collapse-prompts-reaffirmation-to-maintain-safety-standards/10332/#comments Fri, 17 May 2013 15:35:39 +0000 Bank Credit News Reports http://bankcreditnews.com/?p=10332 The North American Bangladesh Worker Safety Working Group, which is comprised of five Canadian and U.S. retail associations, reaffirmed its commitment to improving worker safety conditions in Bangladesh on Wednesday. The “Safer Factories” intiative includes short-, medium- and long-term goals … Read More...]]> http://bankcreditnews.com/news/bangladesh-factory-collapse-prompts-reaffirmation-to-maintain-safety-standards/10332/feed/ 0 http://bankcreditnews.com/news/cftcs-omalia-highlights-agencys-unknown-unknowns-that-require-attention/10327/ http://bankcreditnews.com/news/cftcs-omalia-highlights-agencys-unknown-unknowns-that-require-attention/10327/#comments Fri, 17 May 2013 15:05:27 +0000 Alexandra Villarreal http://bankcreditnews.com/?p=10327 CFTC Commissioner Scott O’Malia spoke before Energy Risk USA’s recent conference on the commission’s “unknown unknowns,” areas of the rule implementation process that are “impossible to identify, but in hindsight…are the result of the Commission’s inconsistent rules.” O’Malia said the … Read More...]]> http://bankcreditnews.com/news/cftcs-omalia-highlights-agencys-unknown-unknowns-that-require-attention/10327/feed/ 0 http://bankcreditnews.com/news/nafcu-lobbies-congress-for-preservation-of-cu-tax-exemption/10324/ http://bankcreditnews.com/news/nafcu-lobbies-congress-for-preservation-of-cu-tax-exemption/10324/#comments Fri, 17 May 2013 14:35:34 +0000 Bank Credit News Reports http://bankcreditnews.com/?p=10324 The National Association of Federal Credit Unions currently has lobbyists on Capital Hill working to ensure credit unions’ tax exemption as Congress moves forward on debate and issues surrounding tax reform. Recently, the House Ways and Means Committee held a … Read More...]]> http://bankcreditnews.com/news/nafcu-lobbies-congress-for-preservation-of-cu-tax-exemption/10324/feed/ 0 http://bankcreditnews.com/news/senate-majority-leader-reid-to-hold-vote-on-cfpbs-cordray-confirmation/10321/ http://bankcreditnews.com/news/senate-majority-leader-reid-to-hold-vote-on-cfpbs-cordray-confirmation/10321/#comments Fri, 17 May 2013 14:05:24 +0000 Sarah Jackson http://bankcreditnews.com/?p=10321 Senate Majority Leader Harry Reid (D-Nev.) recently said that he plans to hold a vote next week on CFPB Director Richard Cordray’s nomination to the position. Reid has sought to make changes to Senate filibuster rules, though he said he … Read More...]]> http://bankcreditnews.com/news/senate-majority-leader-reid-to-hold-vote-on-cfpbs-cordray-confirmation/10321/feed/ 0 http://bankcreditnews.com/news/cfpb-uploads-mortgage-rule-videos-onto-youtube-channel/10317/ http://bankcreditnews.com/news/cfpb-uploads-mortgage-rule-videos-onto-youtube-channel/10317/#comments Fri, 17 May 2013 13:35:22 +0000 Bank Credit News Reports http://bankcreditnews.com/?p=10317 The CFPB announced on Wednesday the availability of several Youtube videos featuring plain-language information on the agency’s new mortgage rules. The videos relate to mortgage servicing, the Truth in Lending Act’s escrow rule, loan originator compensation rule, ability-to-repay—or QM—rule, the … Read More...]]> http://bankcreditnews.com/news/cfpb-uploads-mortgage-rule-videos-onto-youtube-channel/10317/feed/ 0 http://bankcreditnews.com/news/crewcash-card-to-allow-crewmen-direct-deposit-paychecks-via-mastercard-prepaid/10313/ http://bankcreditnews.com/news/crewcash-card-to-allow-crewmen-direct-deposit-paychecks-via-mastercard-prepaid/10313/#comments Fri, 17 May 2013 13:05:30 +0000 Alexandra Villarreal http://bankcreditnews.com/?p=10313 CrewCash Card, a payroll and benefits platform, launched on Thursday to allow crewmen employed by participating shipping and trading firms to receive direct deposit paychecks on a MasterCard branded prepaid debit card. “MasterCard is constantly looking for new products and … Read More...]]> http://bankcreditnews.com/news/crewcash-card-to-allow-crewmen-direct-deposit-paychecks-via-mastercard-prepaid/10313/feed/ 2 http://bankcreditnews.com/news/mastercard-assigns-keenan-tymms-to-leadership-roles-in-asiapacific-region/10309/ http://bankcreditnews.com/news/mastercard-assigns-keenan-tymms-to-leadership-roles-in-asiapacific-region/10309/#comments Thu, 16 May 2013 16:35:52 +0000 Bank Credit News Reports http://bankcreditnews.com/?p=10309 MasterCard announced on Tuesday it named Robert Keenan as the new lead for debit in the Asia/Pacific region, and Jason Tymms as the new prepaid lead for the Asia/Pacific, Middle East and Africa region. Keenan has worked at MasterCard since … Read More...]]> http://bankcreditnews.com/news/mastercard-assigns-keenan-tymms-to-leadership-roles-in-asiapacific-region/10309/feed/ 0 http://bankcreditnews.com/news/nafcu-says-fasb-proposal-to-amend-accounting-standards-burdens-credit-unions/10300/ http://bankcreditnews.com/news/nafcu-says-fasb-proposal-to-amend-accounting-standards-burdens-credit-unions/10300/#comments Thu, 16 May 2013 16:05:31 +0000 Sarah Jackson http://bankcreditnews.com/?p=10300 The National Association of Federal Credit Unions said in a letter to the Financial Accounting Standards Board on Tuesday that its proposal to amend accounting standards would be overly burdensome and near useless for credit unions. The FASB’s exposure draft … Read More...]]> http://bankcreditnews.com/news/nafcu-says-fasb-proposal-to-amend-accounting-standards-burdens-credit-unions/10300/feed/ 0