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  • With Republicans unable to muster the votes to repeal a major financial regulation law put in the place after the 2008 Wall Street Collapse, the House on Tuesday is expected to give final approval to a less sweeping plan already backed by the Senate, which would ease a series of financial rules and regulations on smaller banking institutions enacted under the 2010 Dodd-Frank law. “The cycle of lending and job creation has been stifled by onerous regulation,” said Sen. Mike Crapo (R-ID), who shepherded the bill through the Senate with bipartisan support, and then prevailed on House Republicans to simply accept the plan, instead of trying to make changes which might have doomed the bill’s chances. “I’m happy to say we’re in the final stages of making these bills law,” said Rep. Rob Woodall (R-GA), as a House panel moved to set up Tuesday’s debate on the banking regulation changes. Among the many provisions in the bill: + Banks with less than $250 billion in assets would no longer be subjected to federal “stress tests” – the current threshold is $50 billion. + Eases regulatory requirements on banks with less than $10 billion in assets (mainly known as ‘community banks’) + Loosens minimum standards on certain home mortgage loans, with a goal of allowing more small banks and credit unions to make such loans. + The plan steps up protections for veterans on predatory loans. + Active duty service members would get additional protections from foreclosures. + Consumers would be eligible in some cases for unlimited credit security freezes to deal with credit fraud alerts. As in the debate earlier this year in the Senate, more liberal Democrats in the House have sternly argued against the bill, making the case that it takes away too many protections enacted in the original 2010 Dodd-Frank law. “Defeating this legislation is important to preventing Wall Street from crashing our economy again,” said Rep. Pramila Jaypal (D-WA). “We must not allow the GOP Congress to drag us back to the same lack of oversight that ignited the Great Recession,” wrote House Democratic Leader Nancy Pelosi and Rep. Maxine Waters (D-CA) to their colleagues. Pelosi & Waters write to House Democrats to “urge you to vote no on this dangerous rollback of the consumer protections of Dodd Frank,” the Senate-passed banking overhaul on House floor tomorrow. — Craig Caplan (@CraigCaplan) May 21, 2018 Consumer watchdog groups like Public Citizen have labeled the bill, the “Bank Lobbyist Act,” arguing it would increase chances for ‘another taxpayer bailout of reckless financial institutions.’ But while the progressive wing of the Democratic Party has objected, other Democrats heard the pleas of small community and regional banks, one reason the Senate voted 67-31 to approve the bill earlier this year. “It is no coincidence that the bill’s Democratic sponsors come not from major financial hubs, but rural areas where small banks provide a disproportionate share of loans,” said Sen. Michael Bennet (D-CO). While the bill falls well short of the repeal of Dodd-Frank which had been sought by many Republicans, it is still a plus for the GOP, giving President Trump one more item to sign into law, one more bullet point to rattle off for supporters on achievements during his time in office. “This bill will provide long overdue relief from the regulatory behemoth that is Dodd-Frank,” said Rep. Blaine Leutkemeyer (R-NE), as Republicans said the changes would spur new economic growth, by helping businesses gain access to new credit.
  • An Indiana judge awarded nearly $2 million in back child support to a woman whose husband -- who disappeared in 1993 and was thought to be dead -- was arrested in Florida two years ago on an identity theft charge, the Journal Gazette reported. >> Read more trending news Hamilton County Superior Court Magistrate William Greenway and Judge Jonathan M. Brown said Richard J. Hoagland owes his ex-wife -- Linda K. Iseler -- more than $1.86 million, including nearly $1.4 million in interest charged to payments he should have been making since 1993, according to court documents. Hoagland had been considered dead since 2003, according to court documents. According to court documents, Hoagland, 63, abandoned his family in December 1993 and moved to Pasco County, Florida. He lived under the name of Terry Jude Symansky and remarried in December 1995. He and his Florida wife, the former Mary Hossler Hickman, had a child together. Hoagland also bought property that included at least one airplane, according to court documents. The family lived in Zephyrhills. Hoagland was arrested in Florida in July 2016 on a charge of fraudulent use of personal identification, the Journal Gazette reported. The real Terry Symansky drowned in Florida in 1991 at age 33. He was from Cleveland, moved to Florida and became a commercial fisherman, The Tampa Bay Times reported in 2016.  “Bizarre,” Tom Markle, an attorney who represents Iseler -- known in 1993 as Linda Hoagland -- told the Journal Gazette. Hoagland’s secret double life was unraveled thanks to Ancestry.com, Pasco County Sheriff Chris Nocco told the Times in 2016. A nephew of the real Symansky, working on a genealogy project, was shocked to see a Florida marriage license issued in his uncle’s name four years after his death. His uncle had never been married. Authorities were contacted in April 2016 and Hoagland was arrested three months later. After Mary Hoagland found out about her husband’s real identity, she told Nocco that she found his real identification documents in a briefcase in the attic, the Times reported. She also found a deed to property in Louisiana her husband bought in 2015, and a key to a storage unit. Richard Hoagland is living in Indianapolis and was recently released from jail in Citrus County, Florida, Markle said. Hoagland's attorney, Paula J. Schaefer, of Indianapolis, has not commented on the case, the Journal Gazette reported. A hearing is scheduled for July 19. 
  • Cutting lawns during the summer can be a chore, especially when temperatures and humidity rise. But an Alabama man not only enjoys cutting grass, he also wants to mow in all 50 states. >> Read more trending news “I’m on a journey called ‘50 States, 50 Lawns,’” Rodney Smith told WHAS. “(I’ll be) mowing a lawn in each state for someone who's elderly, disabled, a single parent mother or veteran. Smith has done yardwork in four states so far, he told WHAS. Smith, who lives in Huntsville, Alabama, but is originally from Bermuda, admitted that as a youth he did not like to cut grass. However, a chance encounter with an elderly man changed his perspective. 'It was on a hot, sunny August day and he was struggling, so I pulled up and helped him out and he really appreciated it,' Smith told WHAS. 'And I realized that this is something that so many people deal with.' It was that encounter that led Smith to create the Raising Men Lawn Care Service, which helps needy people by cutting their lawns for free. Sunday, Smith was in Louisville to mow the yard of a woman who had recently lost her husband. 'I came to release some stress off her back by mowing her lawn,' Smith told WHAS. Smith’s business goal is to encourage youths to pitch in and help neighbors in need. He has set a goal of 50 lawns for each youth, WHAS reported. 'Once they reach 50, we fly to them and we do lawns with them and we also surprise them with a brand new lawn mower,' Smith said. According to Smith, 12 boys have completed the 50-yard challenge. There are more than 100 kids involved in the Raising Men Lawn Care Service in the United States and there are also participants in Canada, Bermuda and England, WHAS reported.
  • National Weather Service meteorologists were is out surveying the storm damage in Fairfax on Monday. Saturday’s storm in Osage County toppled trees and powerlines. The meteorologists believe straight line winds reached up to 90 m.p.h. Damage was reported at the post office, fire department and at a cemetery.  No injuries have been reported. FOX23 and NEWS102.3 KRMG Chief Meteorologist James Aydelott says there’s a chance for storms nearly every day this week in Green Country. Tune to NEWS102.3 and AM740 KRMG for the latest weather information.  You can also get weather alerts sent to your phone by downloading the KRMG app.     
  • A day after President Donald Trump demanded an investigation into how the FBI dealt with investigations during the 2016 campaign, the White House accepted a plan from Deputy Attorney General Rod Rosenstein to expand an ongoing review of the probe into Russian interference in the elections, and how it touched on the Trump Campaign. “Based on the meeting with the President, the Department of Justice has asked the Inspector General to expand its current investigation to include any irregularities with the Federal Bureau of Investigation’s or the Department of Justice’s tactics concerning the Trump Campaign,” read a statement issued by the White House. “It was also agreed that White House Chief of Staff Kelly will immediately set up a meeting with the FBI, DOJ, and DNI together with Congressional Leaders to review highly classified and other information they have requested,” the statement added, referring to an ongoing battle between Republicans in Congress and the feds for documents about the Russia probe. The outcome of the meeting between Mr. Trump, the Deputy Attorney General, the FBI Director, and the Director of National Intelligence – which was not listed on the President’s public schedule – was less explosive than what President Trump had seemingly threatened on Sunday, when he said he would demand a full investigation into whether the feds had “infiltrated or surveilled the Trump Campaign for Political Purposes.” Mr. Trump and Congressional Republicans have been playing up the issue in recent days, arguing that initial FBI efforts to find out what Russia was doing with relation to the Trump Campaign, was actually an effort to undermine Mr. Trump’s bid for the White House. But Democrats say what’s going on now is an effort by Mr. Trump and his allies in the Congress to undermine the current investigation, by allowing the President’s lawyers to see what evidence the Special Counsel’s office – and maybe U.S. Intelligence – had been able to gather during the 2016 campaign. Giuliani removes all doubt – the White House effort to force DOJ to give investigatory materials to Congress is really about the defense team getting their hands on them. If the President is charged with a crime, he has a right to see the evidence. Not before. https://t.co/HfzzdZ894d — Adam Schiff (@RepAdamSchiff) May 21, 2018 The Monday meeting at the White House came as Republicans stepped up demands for documents about the investigation, as Sen. Charles Grassley (R-IA), asked the Justice Department for information on contacts between officials and former British intelligence agent Christopher Steele, who put together a controversial ‘dossier’ on the President, funded by Democratic sources. In a letter to Rosenstein, Grassley zeroed in Monday on Associate Deputy Attorney General Bruce Ohr, and his contacts with Steele. “Accordingly, please provide all records related to Mr. Ohr’s communications about these matters, including: (1) emails from Mr. Ohr’s personal and work accounts, (2) phone logs, (3) handwritten notes, and (4) text messages from personal and work accounts,” Grassley wrote in a letter.