Today's News for the Week Prior and Up to May 22, 2020

Historic LGBTQ Victory: U.S. House Passes Equality Act
Source: National LGBTQ Task Force Action Fund
May 17, 2020, 2020
Now that it’s been successfully passed in the House, we will turn our attention to building grassroots support and momentum to advance the Senate version of the Equality Act that is led by Senators Jeff Merkley, Susan Collins, Tammy Baldwin, and Cory Booker.
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Farm and Environmental Organizations Rebuke New USDA Regulatory Review
Source: National Family Farm Coalition
May 18, 2020, 2020
“USDA’s release of its new GE regulatory framework has dealt a devastating blow to the security of farmers’ livelihoods, the health of their farms and communities, and their ability to build the biodiverse, climate-resilient, and economically robust farming systems that we so urgently need. We’ve already seen how GE seeds engineered to resist herbicides like glyphosate, 2,4-D, and dicamba, are driving widespread pesticide drift that is damaging crops, destroying farm businesses and wreaking havoc across the country. By abdicating the last of its responsibility to protect the public good in favor of corporate profit, USDA is encouraging a flood of new, untested genetically engineered organisms into our rural landscapes, putting farmers, ecosystems and our food supply at risk.”
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NIH-funded study to investigate pregnancy outcomes resulting from COVID-19 pandemic
Source: National Institutes of Health
May 19, 2020, 2020
The National Institutes of Health has launched a multipronged study to understand the effects of the COVID-19 pandemic during and after pregnancy. Researchers will analyze the medical records of up to 21,000 women to evaluate whether changes to healthcare delivery that were implemented as a result of the pandemic have led to higher rates of pregnancy-related complications and cesarean delivery. They also seek to establish the risk of pregnant women with COVID-19 infection transmitting the virus to their fetus. Newborns will be monitored and assessed until they are discharged from the hospital.
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With Millions Of Jobs At Stake, State And Local Government Associations Call On Congress To Approve Aid
Source: National Governor’s Association
May 20, 2020, 2020
With millions of jobs and the economic recovery at stake, the seven leading organizations representing state, territorial and local governments called on Congress to approve an aid package that would sustain vital services to Americans during the COVID-19 pandemic.
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New rules from OCC: Banks can now get CRA credit for funding digital inclusion
Source: National Digital Inclusion Alliance
May 20, 2020, 2020
The Office of the Comptroller of the Currency (OCC), the Federal agency that oversees national banks and savings associations, has just added support for community digital inclusion programs to its official list of “qualified activities” that could help a regulated bank meet its obligations under the Community Reinvestment Act (CRA).
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HHS clarifies that pharmacists are authorized to administer COVID-19 testing despite state law
Source: National Community Pharmacists Association
May 20, 2020, 2020
On May 19, HHS' Office of General Counsel released an advisory opinion clarifying that pharmacists are authorized to order and administer FDA-authorized COVID-19 tests in states where they are not be authorized to do so.
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The HEAL Act Expands Access to Health Care Regardless of Immigration Status
Source: National Immigration Law Center
May 20, 2020, 2020
Senator Cory Booker (D-NJ) introduced the Health Equity and Access under the Law (HEAL) for Immigrant Women and Families Act to expand immigrants’ access to crucial and comprehensive health care, with support from more than 250 organizations. This year marks the bill’s first-ever introduction in the Senate, and it comes at a time when it is abundantly clear that health coverage and care are critical for every person, family, and community.
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More Than 170 Businesses and Community Organizations Call on Congressional Leaders to Provide Direct Federal Aid to America’s Cities, Towns, and Villages
Source: National League of Cities
May 20, 2020, 2020
More than 170 businesses, associations, and community organizations sent a letter to congressional leaders in the House and Senate today urging them to provide direct federal assistance to America’s cities, towns, and villages in the next congressional recovery bill. The coalition is coming together following the bipartisan decision to shut down the nation’s economy due to COVID-19, which has strained the budgets of cities of all shapes and sizes, urban and rural, and of all political stripes.
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Majority of Small Businesses Have Received PPP Loan Funding, Fewer have Received an EIDL Loan
Source: National Federation of Independent Business
May 21, 2020, 2020
“Small businesses continue to face many challenges in operating their business in these difficult times,” said Holly Wade, NFIB Director of Research & Policy Analysis. “Congress and the Administration have the authority to further lighten the burden for many of their immediate concerns, especially in offering more flexibility for PPP loans.”
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Amid Pandemic, Migrants Face Impossible Choices
Source: National Immigration Forum
May 21, 2020, 2020
A new Trump administration policy is reportedly forcing migrant parents to choose between family separation and indefinite detention in crowded facilities, adding to a growing list of troubling immigration policies amid the COVID-19 pandemic.
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Los Angeles County Ends PACE Program Marred by Fraud, Abuse, and Unaffordable Loans
Source: National Consumer Law Center
May 22, 2020, 2020
Effective May 13, 2020, Los Angeles County has discontinued new financing under its Property Assessed Clean Energy (PACE) loan program, concluding the County could not be certain the program can “provide sufficient protection for all consumers.”
Read more...

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Gallego & House Dems Urge New PPP Rules Requiring Equitable Lending from Banks

Phoenix, AZ - April 18, 2020 - (The Ponder News) -- Rep. Ruben Gallego (D-AZ) joined Rep. Judy Chu (D-CA), chair of the House Small Business Subcommittee on Investigations; Oversight and Regulations Committee Chairwoman Nydia M. Velázquez, and Democratic Members of the House of Representatives in a letter to U.S. Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza urging new rules for the Paycheck Protection Program (PPP).

Congress established the PPP to help small businesses avoid staff reductions during the coronavirus crisis. However, SBA and Treasury expanded lending participation to all federally insured banks without including rules to prohibit exclusionary and inequitable practices. As large banks limited applications to high-value existing business customers, many small businesses were denied service by the largest lenders, and as a result, small banks and community lenders have been overwhelmed with applicants denied by other banks.

The letter, signed by 38 members, urges the SBA and Treasury to immediately issue new rules requiring PPP lenders to treat all applications equally and forbidding the imposition of any application restrictions not specified by Congress or the Administration.

“It’s clear that underserved small businesses aren’t getting a fair shake, and this needs to be remedied immediately,” said Rep. Gallego. “Congress established the Paycheck Protection Program (PPP) to help keep employees paid – but the SBA and Treasury’s system has left out too many of the small businesses that make up the backbone of our community and nation. Before Congress puts more money into this program, we need to make sure that money will go to the businesses that need it most and that banks aren’t allowed to siphon those funds only to their biggest customers.”

The full letter can be found here.

Banking and Finance

Today's News about Banking and Finance Issues

As House Convenes on Predatory Lending, Consumer Advocates Press for Congressional Action on Payday Debt Traps
Source: Americans for Financial Reform
April 25, 2019
The hearing on payday lending comes at a time when the Consumer Financial Protection Bureau is nearing the end on a public comment period on its plan. The CFPB is proposing to rescind key consumer protections on payday lending, namely the ability-to-repay provision that mandates that lenders offer affordable loans.

Read more...

Foster Introduces Bipartisan Resolution to Promote Financial Literacy for Students
Source:
April 25, 2019
“In our increasingly complex financial marketplace, young people often find themselves lacking the knowledge to make tough financial decisions that can have profound effects on their futures,” Congressman Foster said. “Studies have shown that promoting financial literacy at an early age helps equip young people to make sound financial decisions that will set themselves up for success.”

Read more...

Senator Warren Unveils Bill to Expand Criminal Liability to Negligent Executives of Giant Corporations

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by: Senator Elizabeth Warren (D - MA)

Washington, D.C. - April 17, 2019 - (The Ponder News) -- United States Senator Elizabeth Warren (D-Mass.) today introduced the Corporate Executive Accountability Act, which holds executives of large corporations criminally responsible when their companies commit crimes, harm large numbers of Americans through civil violations, or repeatedly violate federal law. The Senator also reintroduced the Ending Too Big to Jail Act, a comprehensive bill to hold big bank executives accountable when the banks they lead break the law.

These two measures come one week after the retirement of a second Wells Fargo CEO who held a senior position in the bank while millions of fake accounts were opened, thousands of cars were unlawfully possessed, and hundreds of homeowners were inappropriately foreclosed.

"Corporations don't make decisions, people do, but for far too long, CEOs of giant corporations that break the law have been able to walk away, while consumers who are harmed are left picking up the pieces," said Senator Warren. "These two bills would force executives to responsibly manage their companies, knowing that if they cheat their customers or crash the economy, they could go to jail."

Executives at large corporations often escape prosecution because it is hard to demonstrate that they are personally aware of all their company's actions -- and establishing knowledge is a critical element of proving most crimes. However, some federal laws, including the Food, Drug, and Cosmetic Act and the Clean Air Act, already impose criminal liability on corporate leaders when a company's negligence causes massive harm -- regardless of whether leaders personally approved actions that broke the law.

The Corporate Executive Accountability Act builds on these existing federal statues and makes it easier to send executives to jail for serious crimes by expanding criminal liability to negligent executives of corporations with more than $1 billion in annual revenue that:

Are found guilty, plead guilty, or enter into a deferred or non-prosecution agreement for any crime.

Are found liable or enter a settlement with any state or Federal regulator for the violation of any civil law if that violation affects the health, safety, finances, or personal data of 1% of the American population or 1% of the population of any state.

Are found liable or guilty of a second civil or criminal violation for a different activity while operating under a civil or criminal judgment of any court, a deferred prosecution or non-prosecution agreement, or settlement with any state or Federal agency.

Punishment for such a violation will be up to a year in jail, while a second violation carries up to three years in jail, consistent with the Food, Drug and Cosmetic Act.

The Corporate Executive Accountability Act has been endorsed by Public Citizen, Americans for Financial Reform, Take On Wall Street, and the Consumer Federation of America.

The Ending Too Big to Jail Act makes it easier to hold financial executives accountable by:

Creating a permanent investigative unit for financial crimes within the Treasury Department by giving the Special Inspector General for the bailout a new mission -- prosecuting financial crimes.

Requiring executives at big banks larger than $10 billion to certify that there is no criminal conduct or civil fraud within the institution, making it easier to prove wrongdoing if it is later discovered.

Putting deferred prosecution agreements under the jurisdiction of judges so that they can ensure that the agreements are in the public interest and can supervise their implementation.

The Ending Too Big to Jail Act, which was first introduced by Senator Warren in March 2018, has been endorsed by Public Citizen, Americans for Financial Reform, Take On Wall Street, the Communications Workers of America, and Professor Brandon Garrett of Duke Law School, author of Too Big to Jail: How Prosecutors Compromise with Corporations.

We're Back!

The Ponder News
http://thepondernews.com
January 28, 2018

We're Back
The Ponder News
After 4 days of trying to download the Bitcoin Wallet, we've changed our minds. It was taking too long, and we have too much to do, and was missing too much because of it.

So, rather than download the Wallet onto my computer, we've chosen another route:

Blockchain Wallet

Sorry about the inconvenience, and we look forward to going back to work.

Click Here to sign up for your Bitocoin Wallet!
https://blockchain.info/wallet/#/

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Amata Welcomes Senator Hatch’s Companion Bill to Her House-Passed Air Service Legislation
Aumua Amata (R - American Samoa, At Large)
Thursday, Congresswoman Aumua Amata welcomed newly introduced companion legislation from the honorable Senator Orrin Hatch of Utah, the President pro tempore of the U.S. Senate, that mirrors her bill to ensure reliable air service in American Samoa.
Read more...
https://radewagen.house.gov/media-center/press-releases/amata-welcomes-senator-hatch-s-companion-bill-her-house-passed-air

1-25-2018 Sen. Alexander Joins Fox News To Talk About Immigration
Senator Lamar Alexander (R - TN)
Watch Senator Lamar Alexander on Fox News about Immigration
Click Here
https://www.youtube.com/watch?v=8CS2QdVdcF8&feature=youtu.be

Banks Stop $17 Billion in Fraud Attempts in 2016
American Bankers Association
America’s banks prevented $9 out of every $10 of attempted deposit account fraud in 2016, according to the 2017 American Bankers Association Deposit Account Fraud Survey Report released today. Facing increasingly sophisticated fraud schemes, banks have responded by investing in new technologies and enhancing overall customer protections.
Read more...
https://www.aba.com/Press/Pages/DDAFraud012418.aspx

Senate HELP Committee Holds Hearing on Mental Health Reform
American Association for Marriage and Family Therapy
On Wednesday, January 20th, the Senate Health, Education, Labor and Pensions (HELP) Committee, held a hearing on mental health reform on the 114th Congress. The hearing focused primarily on the provisions of the Mental Health Reform Act (S. 1945)– legislation introduced by Committee members Senators Chris Murphy (D-CT) and Bill Cassidy (R-LA). While the Committee did not vote on this legislation, Chairman Lamar Alexander (R-TN) said he wants to “move promptly” to put forward a series of recommendation from a variety of mental health proposals.
Read more...
http://aamft.org/imis15/AAMFT/Content/Advocacy/News_Events.aspx

American Action Network Continues Tax Reform Blitz, Releases $1 Million Digital Campaign
American Action Network
As support for the Tax Cuts and Jobs Act continues to rise, American Action Network (@AAN) is launching digital ads in 20 congressional districts illustrating the positive benefits of pro-growth tax reform. The $1 million digital ad campaign will run for two weeks as part of AAN’s $10 million commitment to promote the merits of tax reform following the passage of The Tax Cuts and Jobs Act. The district-specific ads indicate several popular tax provisions, such as increasing the Standard Tax Deduction, along with the $2,000 tax cut a typical family of four will save thanks to Congress making pro-growth tax reform a reality. View the districts targeted here.
Read more...
http://americanactionnetwork.org/press/american-action-network-continues-tax-reform-blitz-releases-1-million-digital-campaign/

Trump to Give First State of the Union
All Sides
President Trump will deliver his first State of the Union address on Tuesday where he will outline the economic benefits of the tax cuts and will present his plans for immigration, infrastructure, and trade.
Read more...
https://www.allsides.com/unbiased-balanced-news

A Question Mark Just Saved James Woods $3 Million
Western Journalism
A single question mark saved one conservative celebrity from paying $3 million in defamation charges.
Read more...
https://www.westernjournal.com/question-mark-just-saved-james-woods-3-million/

CONGRESS APPROVES TWO-YEAR ‘CADILLAC TAX’ DELAY
Alliance to Fight the 40
The Alliance to Fight the 40 | Don’t Tax My Health Care has applauded Congressional leaders for including a two-year delay of the 40% “Cadillac Tax” in their bill to end the government shutdown and provide funding through February 8th. This two-year delay will push the effective date for the “Cadillac Tax” to 2022, and will help to protect health care coverage for the more than 178 million Americans with employer-sponsored health insurance.
Read more...
http://www.fightthe40.com/AlliancetoFightThe40/assets/File/Alliance/FinalCRVote012218.pdf

Solar Panel and Washing Machine Tariffs Signal Hope for American Workers
Alliance for American Manufacturing
The White House announced new tariffs on a flood of imported solar panels and washing machines on Monday. After determining that cheap imports took advantage of America's market, the president imposed tariffs of up to 20 percent for solar panels and up to 50 percent for washing machines.
Read about it
http://www.americanmanufacturing.org/press-releases/entry/solar-panel-and-washing-machine-tariffs-signal-hope-for-american-workers

FEDERAL REGULATORS RESPOND TO OUTCRY FROM ALASKANS CONCERNED ABOUT MINING IN BRISTOL BAY
Alaska Governor's Office
The U.S. Environmental Protection Agency on Friday took a step that both respects due process rights of the mining industry and acknowledges the concerns many Alaskans have about the potential effects of mining in the Bristol Bay region.
Read about it
https://gov.alaska.gov/newsroom/2018/01/federal-regulators-respond-to-outcry-from-alaskans-concerned-about-mining-in-bristol-bay/

Senate votes to undermine Americans’ right to a day in court

Source: National Consumers League



Washington, D.C. - October 26, 2017 (The Ponder News) -- The National Consumers League (NCL) condemns the Senate’s passage of a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau’s (CFPB) arbitration rule. The rule would have allowed consumers access to courts after big banks like Wells Fargo steal their identity, or credit bureaus like Equifax compromise consumers’ most personal information.

The following statement is attributable to Sally Greenberg, NCL executive director:

“Last night, while most Americans were sleeping, 50 Senate Republicans and Vice President Mike Pence voted to take away our sacred right to a day in court. Today, in the aftermath of massive financial wrongdoings like Wells Fargo’s nearly 1.4 million fraudulent accounts scandal or Equifax’s massive data breach, financial companies will continue to be free to bury binding arbitration clauses in their terms of service. These ‘rip-off clauses’ are designed to prevent consumers from having their day in court or joining together to form a class action lawsuit after they are harmed.

In fact, earlier this year the NCL Board of Directors voted to take NCL’s operating capital out of Wells Fargo and switch to Bank of Labor precisely because of Wells’ requirement that customers to give up their rights. Bank of Labor, Bank of America and many credit unions are thriving without forcing their customers to sign away rights through these odious ‘rip-off clauses.” We applaud CFPB director Richard Cordray, whom NCL is honoring this evening, for his efforts to protect the consumer rights that were just taken away in one fell swoop by this unfortunate Senate vote.

The Senate’s decision to side with Wall Street over consumers is shameful. The denial of one of our most basic rights as Americans -- the right to our day in court -- is a massive step backwards for consumers and our nation. While this may be a setback, the National Consumers league will continue fighting before Congress and the Administration to reaffirm consumers basic rights, including, the right to justice.”

The National Consumers League, founded in 1899, is America's pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad.

Bill Introduced to Support Minority Owned Banks and Increase Access to Affordable Financial Services

Source: House Representative Gregory W. Meeks (D-NY, 5th)

Washington, D.C. - September 13, 2017 (The Ponder News) -- Representatives Gregory W. Meeks (D-NY), Joyce Beatty (D-OH), and Dwight Evans (D-PA), co-chairs of the Congressional Black Caucus’s Economic Development and Wealth Creation Task Force, introduced HR 3741, which would codify and enhance the Minority Bank Deposit Program (MBDP), which encourages federal agencies to utilize minority-owned banks and low-income credit unions as financial agents and depositories. MBDP was created in 1969 to help minority-owned banks obtain access to reliable and stable sources of funding to better provide loans within their local communities, many of which are underserved and lacking affordable financial services.

Although over 80 minority banks and low-income credit unions are certified to work with the federal government under the MBDP program, most of the certified institutions do not have an existing relationship with the federal government. The Congressional Black Caucus’s Task Force took on the challenge to reform MBDP after recent reports in the Wall Street Journal found that “the 2008 recession hit the black banking sector especially hard…black-owned banks could disappear entirely within the next eight to 12 years.”[1]

Congressman Gregory W. Meeks stated, “Limited access to affordable financial services is a persistent problem in my community, and many other underbanked communities around the US. Since the financial crisis, over 5,000 bank branches have closed their doors, leaving communities like mine with less safe and costlier financial services options. Our bill strengthens minority-owned banks, improves the financial health of the communities in which they serve, and provides more Americans with reliable and affordable banking options. I urge all of my colleagues to join us in this effort.”

“Since the 2008 Financial Crisis, the number of minority-owned and women-owned banks and credit unions have plummeted, leaving countless businesses and families in the surrounding communities with few, if any, financial options to start or grow their business—much less help to get a home or a car loan,” Congresswoman Beatty noted. “That is why it is critical that Congress pass legislation supporting the Minority Bank Deposit Program to ensure all American entrepreneurs and families have equal opportunity at achieving their American Dream.”

Making access to capital and credit a reality for all small business owners and entrepreneurs should be a reality for each and every individual in our neighborhoods. This is an issue too many individuals in our neighborhoods struggle with, specifically in our minority communities,” Congressman Dwight Evans said. “In our Commonwealth, the Pennsylvania MBDA Business Center has generated over $290 million contracts and financing, and created hundreds of jobs since 2004. The numbers don’t lie—they clearly demonstrate the viability of a model that creates jobs, spurs economic growth and facilitates community investment. I am pleased to join with my colleagues to introduce the Minority Banking Deposit Program, which reinforces, strengthens, and modernizes these critical financial institutions.