Finance

An industrial group urges the CFPB to remove the DTI thresholds from the quality management rule

Goodbye, DTI? Major industry player urges CFPB to remove DTI requirements from its qualified mortgage rule once the “QM patch” ends in 2021. According to its data, DTI “is a weaker predictor of default than other risk measures. And “its central place in the current rule of quality management distorts …

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Northwest Territories grants $ 1.6 million for COVID-19 commercial loans, but rejects nearly a third of applicants

The Northwest Territories COVID-19 Emergency Loan Program made 61 loans worth $ 1.6 million in its first wave, but rejected nearly a third of the requests it he received. Of the 84 applicants for the territory’s loan program announced last month, 23 applicants were turned down. The programs are designed …

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A “definitely painful” business for the barge line during the pandemic

For months, the oil and gas industry has seen an unprecedented drop in demand as so many Americans still work from home and avoid air travel. For Austin Golding, lower demand means lower activity. He is president of Golding barge line, based in Vicksburg, Mississippi. The company ships a large …

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Here’s how three professionals use their talent to merge passion with purpose

Know the MSG logo Know the MSG Whether you’ve hit a career plateau or are restarting entirely or just craving something new, you might want to consider expanding your horizons while pursuing something that you believe in. According to Terri Wein, founder and co-CEO of Manhattan-based global career consultancy Weil …

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How to turn your next conference trip into a family vacation

There can be something exciting about attending your first business conference. But if you’re in a line of work that requires you to attend regularly, conferences can get old fast. The same bad coffee. The same awkward icebreaker games. Endless group work and networking. One way to spice up your …

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John Nichols: Move over Ron Johnson – Glenn Grothman claims ‘Most Racist Republican’ title | John nichols

As Grothman walked away, Plaskett said, “I hope my colleague from Wisconsin won’t be leaving for the time being because he has brought up Black Lives Matter. How dare you? How dare you say that Black Lives Matter, Blacks don’t understand old-fashioned families? Despite some of the problems, some of …

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The demand for credit is the problem, not the supply of credit

Abhijit MukhopadhyayThe Reserve Bank of India (RBI) announced its October Monetary policy statement, and has done its best to calm the nerves of the market and the economy by painting a picture of hope for recovery. The RBI expects real GDP to decline 9.5% in 2020-2021, “with downside risks.” The …

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Senate committee to hold nominating hearing for Biden Intelligence director candidate this week

The Senate Intelligence Committee will hold a hearing later this week to consider the appointment of April HainesApril HainesOvernight Defense & National Security – Afghanistan takes center stage with member of G-20 CIA chief team reporting symptoms of ‘Havana syndrome’ during trip to India : Republican report requesting data, notes, …

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EU nuclear fears lead to attempt to shut down Belarus nuclear power plant

This new Belarusian nuclear power plant angers Lithuania. (Photo by Natalia Fedosenko TASS via … [+] Getty Images) Natalia Fedosenko / TASS Europe is afraid of nuclear energy. The reasons differ. For one country, Lithuania, this is a loss of market share for its very expensive LNG plant. For others, …

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ComEd Bribery Scandal Clouds image for Exelon nuclear power plants in Illinois

Exelon could be forced to shut down its Illinois nuclear power plants if state law is not passed to bolster their eroded financial outlook. But Commonwealth utility branch Edison’s involvement in a corruption scandal has complicated that and other key political efforts in her home state. CEO Chris Crane described …

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