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Coronavirus: What's happening in Canada and around the world on Saturday CBC.caMilitary heading to Quebec, $100M coming for food banks: PM CTV NewsGST credit payments to low-income earners to arrive one month earlier National PostApril 4: ‘Justin Trudeau may have w.... More »
The best banks in Canada Oct 17th
Most Canadians are aware of the Big Five banks: RBC, TD, Scotiabank, BMO and CIBC. And some may even know that occasionally National Bank of Canada sneaks in and expands that list to six. But even with these accounted for, there are dozens of banks in this country, each offering its own suite of per.... More »
How to Use Your Credit Card Rewards to Give Dad a Fantastic Father’s Day + MORE Jun 15th
Father’s Day is just around the corner on Sunday, June 21, 2020, to be exact. If it slipped your mind, don’t worry, you still have time to grab a gift and plan something special. Whether you are preparing to host a virtual brunch or a socially distanced backyard barbeque, you can celebrate dad .... More »
TD, CIBC hoping to shrug off choppy first-quarter earnings - The Globe and Mail + MORE Mar 1st
TD, CIBC hoping to shrug off choppy first-quarter earnings The Globe and MailCredit quality is deteriorating in Canada, and banks are feeling the impact Financial PostTD misses profit estimates by wide margin, raises dividend BNNBloomberg.caFirst-quarter earnings for.... More »
How to Improve Your Credit Score – Maxing Out Your Credit Cards Edition Nov 11th
No one sets out to max out their credit cards. Sometimes, people get into this difficult situation because of an unexpected emergency such as losing their job or experiencing an illness. Many people have to rely heavily on credit cards during that time to cover their everyday expenses. For others, .... More »
House approves bills to ease rules on home loans in effort to undercut Dodd-Frank
– canadianbusiness.com
WASHINGTON – The House on Tuesday overwhelmingly adopted legislation to ease some mortgage lending requirements of the sweeping 2010 law reining in banks and Wall Street as the Republican majority continues its assault on the so-called Dodd-Frank law enacted after the financial crisis.
The House first voted 263-162 on a bill to ease some curbs on lending for mobile and modular homes. Lawmakers then voted 286-140 for a second measure that would ease restrictions aimed at making sure consumers can repay their loans — but that have had the effect of making it more difficult for some prospective borrowers to obtain credit.
The first vote fell short of the two-thirds that would be required to overcome a veto threat issued by President Barack Obama on Monday. The second measure garnered the two-thirds vote necessary to override a veto.
In threatening a veto, the White House had warned that the bills would permit borrowers to be “steered” into higher-cost loans.
Home mortgages were a flashpoint of the 2008 financial crisis that brought on the Great Recession…
The House first voted 263-162 on a bill to ease some curbs on lending for mobile and modular homes. Lawmakers then voted 286-140 for a second measure that would ease restrictions aimed at making sure consumers can repay their loans — but that have had the effect of making it more difficult for some prospective borrowers to obtain credit.
The first vote fell short of the two-thirds that would be required to overcome a veto threat issued by President Barack Obama on Monday. The second measure garnered the two-thirds vote necessary to override a veto.
In threatening a veto, the White House had warned that the bills would permit borrowers to be “steered” into higher-cost loans.
Home mortgages were a flashpoint of the 2008 financial crisis that brought on the Great Recession…
