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CFPB Director Fields Questions from House Committee

first_img The Best Markets For Residential Property Investors 2 days ago June 19, 2014 1,523 Views Sign up for DS News Daily  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / CFPB Director Fields Questions from House Committee in Daily Dose, Featured, Government, Headlines, News A week after appearing before the Senate Banking Committee, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray traveled back up the hill again to review the bureau’s semi-annual report and take questions from the House Financial Services Committee.At the hearing, committee members asked Cordray to address a number of issues surrounding the embattled agency, including accountability concerns and allegations of discrimination.Right from the start, the director went on the defensive with committee chairman Rep. Jeb Hensarling (R-Texas), who opened the hearing with remarks on what he called “disturbing developments” within the bureau.”Properly designed, the CFPB is capable of great good on behalf of consumers,” Hensarling said. “It is also capable of great harm.”Hensarling then questioned Cordray about the cost of renovating its headquarters, which is now at an estimated $185 million. The new building plans include a four-story glass staircase, granite fountains, sunken gardens, and more.While critics, including Senate Banking Committee member Tom Coburn (R-Oklahoma) have described the design plans as “opulent,” Cordray dismissed the language used as overblown, insisting that “every halfway functioning shopping mall in America” has the same features.After some back and forth—in which Hensarling asserted again that CFPB is “essentially unaccountable to the people”—Cordray heatedly told the congressman to check out the building for himself: “Come see the building. It’s a dump. You want to come see it?”Also of interest to the group of lawmakers was CFPB’s plan to establish a National Mortgage Database in partnership with the Federal Housing Finance Agency (FHFA). The bureau’s efforts to gather information to build that database prompted comparisons to the National Security Agency.Cordray rebuffed, clarifying that the agency’s information comes as an “off-the-shelf” product purchased from credit reporting agencies and scrubbed of certain information, including Social Security numbers, addresses, and any other identifying pieces.That answer didn’t satisfy Rep. Spencer Bachus (R-Alabama).”You may intend to scrub this information, but someone else, once they see it, may not,” the congressman said. “The American people are rightly concerned about the protection of their personally identifiable information.””I’m part of the American people,” Cordray countered. “I’m very concerned about it too.”Finally, hours ahead of another whistleblower hearing on alleged discrimination and retaliation within the bureau, the director responded to claims of his own involvement, including an allegation that he told senior enforcement attorney to “back down” from a complaint about hostility in the agency’s work environment.While Cordray didn’t deny the phone call in which the alleged incident took place, he said he was trying to push for a resolution that would allow all parties to move forward.”I simply wanted to have Ms. Martin reach a productive resolution of her complaint, which we did do so within a matter of a couple of weeks,” he said. “That later was reopened, and now we’ve resolved it again. I want her to have a good position at the bureau where she can do good work for consumers.” CFPB House Financial Services Committee Politics Richard Cordray 2014-06-19 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Home Sales Continue Growth Streak in May Next: Mortgage Rates Remain Steady After Fed Meeting Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Tagged with: CFPB House Financial Services Committee Politics Richard Cordray CFPB Director Fields Questions from House Committee Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

The Masters: Rory McIlroy bounces back from opening 75 with bogey-free 66 | Golf News

first_img The Masters – Live November 14, 2020, 12:30pmLive on “Obviously we didn’t have much time in between rounds, so I went to the range and hit five nine‑irons and a three‑wood and just tried to get myself to release it. Sometimes I just get so draggy and hold on, sort of hold on to it.“So it was just a matter of trying to release it a little bit more and being a little bit more committed to my shots and my swing. I turned it around nicely and shot a good one, at least gave myself a chance going into the weekend. He needed a big start back at the 10th, which he found with a three-wood, a nine-iron and a perfect putt for birdie, and he picked up further shots at 12, 15 and 17 to get himself into red figures for the tournament.McIlroy two-putted for another gain at the long second, and he added another at the eighth while keeping a bogey off his card and closing on three under par, just six behind the leaders going into the second half of the final major of the year.“Jimmy Dunne gave me a pep talk in between rounds going on to the range,” he explained. “It was colourful! I honestly have been playing so good coming in here, and then I go into the first round and I shoot 75, and I’m like ‘where the hell did that come from?’ Rory McIlroy rallied to fire a 66 and is six behind co-leader, Dustin Johnson Rory McIlroy rallied to fire a 66 and is six behind co-leader, Dustin Johnson

Breaking the Alabama-Clemson monopoly: Sizing up Oklahoma’s chances

first_imgMORE COLLEGE FOOTBALL:Top 20 college football programs since 2010Oklahoma is ranked No. 4 in SN’s post-spring top 25. The Sooners have a new quarterback in Alabama transfer Jalen Hurts, and coach Lincoln Riley has led the Sooners to two of their four straight Big 12 championships. Texas is getting preseason playoff buzz — we’re guilty as charged — but the Sooners remain the kings of the conference until further notice.Can the Sooners take the title from the Tigers or the Tide?Three reasons why1. The offenseThe Sooners are the only team in the FBS that averaged more than 40 points per game each of the last four seasons. The offense should be good around Hurts, too. Kennedy Brooks (1,056 yards, 12 TDs) averaged 8.9 yards per carry as a freshman, and CeeDee Lamb (1,158 yards, 11 TDs) averaged 17.8 yards per catch.Riley is one of the most innovative offensive minds in the game, so this should continue to be one of the most explosive offenses in college football — one capable of scoring with Clemson and Alabama.2. Jalen HurtsHurts was the biggest name to enter the transfer portal this offseason and has a record of 25-2 as a starter. He thrived in a backup role for the Crimson Tide last season and improved his completion percentage to 72.9 with a smaller sample.Hurts does not have Baker Mayfield’s arm and is not the same explosive playmaker Kyler Murray is, but he is good enough to lead a College Football Playoff run in Riley’s offense. He averaged 10.9 yards per pass attempt last season. Murray (11.6) and Mayfield (11.5) were better, but if Hurts can produce around 11 yards in that category, then the Sooners’ offense will be fine.3. Grinch helps defenseYou know the knock on the Sooners by now. The defense allowed 33.3 points per game last season, which ranked 101st in the FBS. That was exposed in the Orange Bowl loss to Alabama, and the solution arrives in new defensive coordinator Alex Grinch.He helped turn around Washington State’s defense before spending a year at Ohio State. That impact translated with the Cougars. Washington State allowed 38.6 points per game the season before he arrived and were at 25.8 when he left three years later. If Oklahoma can have that kind of defensive makeover, then they will win a national title.MORE: Hurts among best transfer QBs for 2019So, why not?Oklahoma lost four offensive linemen to the NFL. Four redshirt sophomores and a redshirt freshman are expected to start this year, and they will be expected to grow with a transfer quarterback. The Texas threat is real, too. The Longhorns split with the Sooners last season, return an experienced quarterback in Sam Ehlinger and are a projected playoff team by SN.Oklahoma also will have hurdles before Big 12 play with a tricky opener against Houston and a road trip to UCLA. This unit will need to grow up fast.Coach factorRiley is 24-4 in two seasons as Oklahoma’s coach. He has shooed away NFL offers along the way, and the accomplishments of Mayfield and Murray will make it easy to recruit quarterbacks for years to come. The Sooners will always be in position to win the Big 12 championships.Oklahoma is 6-1 against ranked teams in the regular season over the last two years, and that includes huge road wins at Ohio State, Oklahoma State and West Virginia. That reputation will be tested this year in November at Baylor and Oklahoma State.Stat that mattersA look at the numbers in Oklahoma’s three playoff games reveals just how much they need the defense to improve. In those losses to Clemson, Georgia and Alabama — the top three teams in our preseason top 25 — the Sooners were out-gained by an average of 531.7-460 and out-rushed by an average of 276.3-157.3.That defense still needs to get a few stops, especially against the run. Alabama rushed for 200 yards. Clemson and Georgia each topped 300 yards. That must be better in the playoff semifinal games.Can they break up Alabama-Clemson?It’s about lessons learned in the big games. Oklahoma was too conservative in overtime in a 54-48 loss to the Georgia in the Rose Bowl two years ago. Last year, Alabama jumped out to a 28-0 lead before the Sooners settled in. The Grinch hire shows that Oklahoma recognized the problem on defense, and the Hurts transfer shows Riley’s confidence in the veteran quarterback. The pieces are there to make another run, and Hurts could get his chance opposite future first-round picks Trevor Lawrence and Tua Tagovailoa.A possible Alabama rematch would get the most attention of any possible playoff matchup, and Oklahoma is good enough to get back there.We still need to see what changes if they do. We released our 2019 College Football Playoff predictions last week week, and it came as no surprise that Sporting News picked another Alabama-Clemson matchup in the CFP championship game on Jan. 13 at the Mercedes-Benz Superdome in New Orleans.Can anybody break up the Alabama-Clemson monopoly at the top of college football? SN is taking closer looks at some of the top-10 programs with the best chances to do just that. We already broke down those chances for Georgia and Ohio State. Here we take a closer look at a team that has made the College Football Playoff three times.last_img read more