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California Closes In On Extending Borrower Protections To SMBs

“Reports said the legislation targets small- and medium-sized business financing, and would exclude financing offers surpassing $500,000” reports pymnts.com. California’s small business borrower protection rules coincide with Los Angeles recently amending the Responsible Banking Ordinance to extend requirements among banks that do business with the city to disclose whether they use sales goals or quotas.California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. The law firm’s online publication, Manatt, reported…

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May set to back down to hardline Brexiteers as pressure on PM grows ahead of key vote

“Theresa May is poised to hand pro-hard Brexit MPs a victory by accepting a raft of changes to customs legislation in votes tonight” writes Rob Merrick for independent.co.uk. The European Research Group – led by Jacob Rees-Mogg – has put down four amendments to the taxation bill, as it bids to force the prime minister back to a hard Brexit stance. Source: independent.co.uk Share This:

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The House of Representatives is set to vote next week on a legislative package that would make significant changes to stock market regulations, bank rules, and other financial regulations.

“The House of Representatives is set to vote next week on a legislative package that would make significant changes to stock market regulations, bank rules, and other financial regulations” writes Ap Photo J for washingtonexaminer.com. The living wills are one of the major tools that the 2010 Dodd-Frank law provided to regulators to address the potential problem of “too big to fail” banks. Source: washingtonexaminer.com Share This:

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Hispanic Caucus comes out against legislation to abolish ICE

“The Congressional Hispanic Caucus formally announced its opposition to legislation that would abolish U.S. Immigration and Customs Enforcement, known as ICE, dissolving its duties into other departments” reports washingtonexaminer.com. “Any federal agency charged with conducting immigration enforcement, regardless of their name or place on an organizational chart, will continue to implement Trump’s depraved immigration priorities.”. But the party is truly divided on the issue of immigration enforcement. Source: washingtonexaminer.com Share This:

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Fighting ‘fake news’ with the law…

“The parliament adopted in June 2017 a law against the posting on social media of hate speech, child pornography, terror-related items and false information” reports yahoo.com. President Uhuru Kenyatta signed into law in May a sweeping cyber-crimes act that criminalises online bullying but also aims to stop the spread of “fake news”.The Malaysian parliament in April 2018 approved a law punishing the propagation of partially or totally false information with prison sentences of up to six years and fines of $130,000. Source: yahoo.com Share This:

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U.S. Reps. Pramila Jayapal and Adam Smith aim to abolish ICE, restructure immigration enforcement

“Smith said they will work with immigrant rights organizations in drafting the legislation and developing new immigration enforcement policies” writes Sarah Wu for seattletimes.com. They wrote that many jurisdictions refuse to work with them because of the perceived connection to immigration enforcement, which has hindered their ability to investigate cases.In a letter sent last month to Kirstjen Nielsen, the homeland security secretary, 19 ICE investigators requested that the agency separate the investigations division from the immigration enforcement arm. Source: seattletimes.com Share This:

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GOP bill would make first-time illegal border crossing a felony, send sanctuary city funds to ICE

“Diane Black, R-Tenn., introduced legislation Tuesday that would reclassify a first-time illegal entry at the border as a felony instead of a misdemeanor” reports washingtonexaminer.com. Her Zero Tolerance for Illegal Entry Act would change the punishment for those apprehended illegally entering the U.S. for the first time to one year and one day in prison, which therefore makes it a felony. Source: washingtonexaminer.com Share This:

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Gun owners face fines up to $10,000 for not locking up their guns under new Seattle law

“Seattle will require gun owners to lock up their firearms, after the City Council voted unanimously Monday to pass legislation proposed by Mayor Jenny Durkan” writes Daniel Beekman for seattletimes.com. A state law says Washington cities can’t regulate guns, blocking Seattle from taking a bolder step, such as banning semi-automatic firearms.Also Monday, the Seattle council passed legislation that will increase the maximum fine for gun owners who fail to timely report lost or stolen firearms, from $500 to $1,000.The legislation will apply only to guns kept somewhere, rather than those…

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California senators reach agreement on net neutrality bill

“Key California lawmakers said Thursday they’ve reached an agreement on legislation to enshrine net neutrality provisions in state law after the Federal Communications Commission dumped rules requiring an equal playing field on the internet” writes Ronen Tivony for cnbc.com. Santiago came under fire from net neutrality advocates around the country when the Assembly committee he leads stripped key provisions from the legislation — a decision that drew rebukes from members of Congress, including House Minority Leader Nancy Pelosi. Source: cnbc.com Share This:

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Paul Ryan-backed group highlights opioid legislation in new campaign

“A group backed by House Speaker Paul Ryan is launching a new ad campaign highlighting congressional work against the opioid epidemic four months out from the midterm elections” reports washingtonexaminer.com. The American Action Network is pouring $2.5 million into ads in 10 House districts, including several top-tier races, after the House passed a series of bills aimed at curbing the epidemic over the past month. “We thank the House for working in a bipartisan fashion to curb opioid addiction and provide resources for treatment and recovery,” said Corry Bliss, the…

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