7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Signaling yet another Trump Administration effort to remake the CFPB, the agency Wednesday announced that in the coming weeks, it will solicit public comment on agency enforcement, supervision, rulemaking, market monitoring, and education activities.The Trump Administration had been highly critical of the agency as it was run by former Director Richard Cordray, contending that Cordray was overly-aggressive. The agency, currently run by Office of Management and Budget Director Mick Mulvaney, is expected to take a much less aggressive approach to enforcement.For instance, the agency on Tuesday announced it might revise the CFPB’s controversial payday lending rules.On Wednesday, the agency said it will be calling for “evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers.” continue reading »
Presidential spokesperson Salvador Panelo says there is no need yet to place Visayas and Mindanao under enhanced community quarantine (ECQ) caused by the coronavirus disease 2019 (COVID-19) unlike Luzon. Still, people there are always required to observe physical and social distancing to curb the spread of COVID-19. Duterte has called on all South China Sea claimants to exercise self-restraint and refrain from undertaking activities that heighten uncertainty and instability on the disputed waters. The latest maritime incident involving aChinese “naval ship” harassing an all-Filipino crew of a foreign-flagged,foreign-owned oil tanker is “not a concern” for the Philippines, according to PresidentialSpokesperson Salvador Panelo. “It’s not our concern, because it’s nota Philippine vessel,” Panelo said. “For as long as they do not touch thePhilippine ship or vessel, it would be the concern of that country that carriesthe flag of that particular vessel.” During the recent ASEAN summit, President Rodrigo Duterte said that freedom of navigation and overflight should be observed in the South China Sea. Panelo, however, agreed with Defense Secretary Delfin Lorenzana’s stand on the incident that China must follow international maritime laws “if it wants to earn the respect of the international community.” “I agree. And I think, China should agree because China itself says that we should respect international law,” Panelo said. The President also pushed for a peaceful resolution of maritime disputes, as he called for the immediate conclusion of a binding Code of Conduct in the South China Sea that is consistent with international laws./PN MANILA – The Malacañang has downplayedthe alleged harassment of a Liberian-flagged commercial vessel nearScarborough Shoal or Bajo de Masinloc.