Podcasts about financial choice act

AIO Financial (https://aiofinancial.com) is an active participant in shareholder advocacy on behalf of our clients.  Shareholder advocacy provides a way for company owners (shareholders) to make real impacts in companies.  Advocates can address: climate change, wage inequality, disclosing political contributions, board diversification, worker rights, …  That may all change if the Financial CHOICE Act, specifically Section 844 is passed. At present, a shareholder can file a proposal (resolution) with a company if s/he has held 1% or $2,000 worth of shares in a company, whichever is lower, for at least a year. This threshold allows a broad range of shareholders to participate in the proposal process. Section 844 would severely curtail shareholder democracy – only the largest shareholders (a small number of multi-billion dollar funds) would be able to file shareholder proposals with public companies. These changes would undermine your rights as a shareholder and prevent us, as your investment advisor, from effectively working with companies to address environmental, social, and governance (ESG) issues. Specifically, Section 844 would change the existing rules as follows: Require a 1% ownership (of total market capitalization) over three-years to submit a proposal: For context, a shareholder would have to hold over $7 billion worth of Apple shares to qualify. This ownership threshold limits access to the resolution process to a handful of mutual fund managers. Increase resubmission thresholds: Proposals must garner increasing support to qualify for resubmission to the company the following year. The proposed changes would mean resubmission thresholds increase to 6% in year one (from 3%); to 15% in year two (from 6%); and to 30% in year three (from 10%). From 2007 through 2009, only about 17% of the proposals that came to a vote achieved the support of 30% of the shares voted, and from 2010 onwards, this has been approximately 30% of proposals filed. If these thresholds had been in place in recent years, proposals that have led to changes in corporate behavior, reduced risks, and created value would not have been brought back to the ballot. Prohibit the submission of proposals on behalf of a shareholder: This provision would disqualify your investment advisor from filing resolutions on behalf of any client. I appreciate any feedback for our AIO Financial blog. Please contact me if you have any comments, questions, and suggestions. You can comment here or contact me through Facebook, Twitter, email (bill@aiofinancial.com), or call 520-325-0769.

Victoria Guida is a reporter for Politico where she covers monetary policy and financial regulation, including extensive coverage of the Federal Reserve, the FDIC, the Treasury Department, and Congress. She joins the show today to talk about some of the big developments in monetary policy and financial regulation over the past few years and what kind of policy changes may be on the horizon. David and Victoria also discuss the Financial CHOICE Act, the accomplishments and failures of the current lame duck Congress, and what to expect from the new appointees at the Fed.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/12032018/victoria-guida-politics-monetary-policy   Victoria’s Twitter: @vtg2 Victoria’s Politico profile: https://www.politico.com/staff/victoria-guida   Related Links:   *Big Banks, Feeling Unloved in Trump’s Washington, Shake Up Lobbying* by Zachary Warmbrodt https://www.politico.com/story/2018/07/09/banks-lobbying-donald-trump-669706   *A Bank’s Activities, Not Its Assets, Should Decide Regulatory Status* by Thomas Hoenig https://www.americanbanker.com/opinion/a-banks-activities-not-its-assets-should-decide-regulatory-status   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Thursday's edition of Trending Today USA was hosted by Liftable Media's Ernie Brown.In this half hour, the guests and topics discussed were:1. The Top 5 Trending Stories2. Ellis Henican (columnist, Metro Newspaper) -- Democrat Jon Ossoff finished behind Republican Karen Handel in Georgia’s special House election on Tuesday night, but the real loser could turn out to be House Minority Leader Nancy Pelosi.3. Tom Hinchey (Liftable Media) -- A study published in the journal Appetite has found a correlation between drinking black coffee and certain behavior.4. Donna Arp Weitzman (dating/relationship expert) -- Countless studies and surveys have confirmed deep-rooted suspicions that dog lovers are awesome and happy, while cat people are sad and single.5. Kyle Burgess (executive director, Consumers' Research) -- Last week, the House of Representatives passed the Financial CHOICE Act, in an effort to overhaul the massive Dodd-Frank financial reform law passed in 2010.Like us on Facebook!Image credit: shutterstock.com

The Trump administration is proposing to revise and change banking regulations that were put in place after the financial crisis. On Monday, the Treasury Department released a report outlining it's plans to do so. This comes after House Republicans last week passed a bill — the Financial CHOICE Act — that would roll back regulations even further. The bill, which was introduced by the Representative Jeb Hensarling of Texas, would weaken the Consumer Financial Protection Bureau and the Financial Stability Oversight Council and gut the Dodd-Frank financial reform law passed in the aftermath of the financial crash. The bill is headed to the Senate for consideration. This week on Money Talking, host Charlie Herman talks with Rana Foroohar from the Financial Times and Sheelah Kolhatkar from the New Yorker about the President's plans and the House bill, and what these changes could mean for the economy and consumers' pocketbooks?

The House of Representatives voted last week in favor of the Financial CHOICE Act, which is designed to roll back the enhanced regulatory regime laid out in the Dodd-Frank Act of 2010. On this episode of Industry Focus, we dig into the Financial CHOICE Act and discuss what this means for banks.

This week on Let Your Voice Be Heard! Radio, Stanley Fritz kicked off the show with a conversation about the explosive testimony that former FBI Dir. James Comey gave before the Senate Intelligence Committee, accusing President Donald Trump of being a liar. Did Comey prove that Trump tried to obstruct justice or did he and Trump simply have a "normal New York City conversation," as suggested by NJ Gov. Chris Christie? Later, Selena Hill talked about the controversy surrounding Oscar Lopez Rivera's participation in the NYC Puerto Rican Day Parade, featuring Julio Ricardo Varela, the co-host of "In The Thick" with Maria Hinojosa. Lastly, during "The Quickie," Stanley explained what would actually happen if Republicans were successful in replacing the banking regulations enforced under Dodd-Frank with the Financial Choice Act.

Today we'll review former FBI director Comey's testimony before the Senate Intelligence Committee, talk with John Stonestreet, co-author of , “A Practical Guide to Culture: Helping the Next Generation Navigate Today's World” (David C Cook), Oregon Right to Life Executive Director, Gayle Atteberry, on SB 494, passed today by the Oregon Senate, and Norbert Michel, Senior Research Fellow in Financial Regulations and Monetary Policy, on the House passage of the Financial Choice Act amending Dodd-Frank.See omnystudio.com/listener for privacy information.

Karl Frisch from Allied Progress will explain how a provision in the Financial Choice Act would “obliterate” any effort to reign in the predatory payday lending industry. And Heather “Digby” Parton from Salon, will be here to help me recap the biggest stories of the week! Subscribe to our podcast to get the full show. Just go to www.rofpodcast.com sign up!

On episode 75 of The Ticker podcast: • Going full virtual: Inside Jimmy Choo’s all-digital AGM • But better: How award-winning IROs tackle the same issues you do • Council of Institutional Investors executive director Ken Bertsch says the Financial Choice Act dooms the shareholder proposal

CII Executive Director Ken Bertsch outlines how key provisions of the House financial deregulation bill would weaken critical shareholder rights, and steps CII is taking to oppose the provisions.

Axiom Capital's Gordon Johnson says he would be shorting steel stocks based on Trump's protectionism. David Congdon, CEO of Old Dominion Freight Line, discusses working with Trump on infrastructure renewal and ways to improve the trucking industry and roads. Christina Lomasney, CEO of Modumetal, talks about Modumetal's technology and how it's being used to replace aging roads, bridges and oil and gas infrastructure. Finally, Nathan Dean, a government analyst for Bloomberg Intelligence, says House Republicans have unveiled a draft of their Dodd-Frank Act replacement effort, the Financial Choice Act.

Kevin Strachan joins host Jonathan Hightower to discuss ideas for banks to highlight community involvement in their shareholder meetings. Below are links to some resources mentioned in the show. Financial Choice Act 2.0 Blog Post: http://www.bankbryancave.com/2017/02/impact-proposed-regulatory-off-ramp-community-banks/ Podcast: https://www.americanbanker.com/podcast/should-banks-spell-out-how-they-invest-customer-deposits Synovus Commercials: https://www.youtube.com/watch?v=VrGrSpT86AI and https://www.youtube.com/watch?v=B-aYd6G3F2g

In this episode, Senior Policy Advisor Zach Pfister and Policy Advisor John Sonsalla discuss Trump's executive order on regulating the U.S. financial system and its impact on Dodd-Frank reform, the fate of the CFPB and the most current version of the Financial CHOICE Act.

In this episode hosts Jonathan Hightower and Rob Klingler discuss highlights and key takeaways from their analysis of the CHOICE Act, as well as recent news in the industry and the newly-released jobs report.