House panel passes bills to ramp up CFPB oversight

first_imgThe House Financial Services committee approved two bills Wednesday that would repeal a post-recession bailout fund and give Congress control of the Consumer Financial Protection Bureau’s (CFPB) budget.The committee passed, 33-20, the Taking Account of Bureaucrats’ Spending (TABS) Act which would subject the CFPB to the congressional appropriations process. The CFPB is currently funded by a dedicated revenue stream from the Federal Reserve and operates on a budget requested by the director.Republicans, most of whom oppose the CFPB’s existence, have long been critical of the bureau’s funding process and Congress’s limited control. The TABS Act would give legislators more say over CFPB operations and opens the door to defunding the agency all together. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Europa League: Wolves, Sevilla, Basel, Leverkusen reach quarter-finals

first_img Promoted ContentA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayBirds Enjoy Living In A Gallery Space Created For ThemThe Adorable Model For Simba In The Lion King RemakeHere Are The Top 10 Tiniest Mobile Phones On The Planet!Couples Who Celebrated Their Union In A Unique, Unforgettable Way6 Extreme Facts About HurricanesWho Is The Most Powerful Woman On Earth?This 1982 Movie Is Better Than Any Other Blockbuster Up TodayA Hurricane Can Be As Powerful As 10 Atomic BombsThe Highest Paid Football Players In The WorldThe Highest Paid Football Players In The WorldCan Playing Too Many Video Games Hurt Your Body? Premier League side Wolves reached the quarter-finals of the Europa League on Thursday night alongside Sevilla, Bayer Leverkusen and Basel enjoyed far more comfortable victories in the games that brought the round of 16 to a belated close. Raul Jimenez netted the only goal from the penalty spot in the ninth minute and Wolves survived a series of scares to edge Olympiakos 1-0 at Molineux for a 2-1 aggregate win in a tie that began in Athens on March 13. Leverkusen defeated visiting Rangers 1-0 to win 4-1 on aggregate while Basel beat Eintracht Frankfurt 1-0 for a 4-0 aggregate victory. Sevilla cruised past Roma 2-0 in a one-off Europa League game played at neutral Duisburg, which will one of the host grounds when the Rhineland region of Germany hosts the last three rounds of the competition from August 10-21. At Molineux, Bobby Allain, the visitors’ Franco-Scottish goalkeeper, failed to control a back pass in the seventh minute. Daniel Podence, who scored for Olympiakos at Tottenham in September but moved to Wolves in January, darted in and stole the ball.Advertisement Reguilon surged past two defenders and into the box before sliding a low shot past Spanish goalkeeper Pau Lopez’s foot.Sevilla added a second on the counter-attack in the 43rd minute.Lucas Ocampos burst down the right and after Lopez failed to cut out the low cross, Youssef En Neysri finished into an empty net from close range.Sevilla, coached by former Spain boss Julen Lopetegui, dominated as they stretched their unbeaten run to 18 games in all competitions and kept on course to add to their record five Europa League titles.“We are a team in every sense of the word. We want to win this tournament, we want to win everything we can,” said Reguilon. Sevilla’s Sergio Reguilon celebrates his goal against Roma It was a tame end to a dramatic day for Roma.The club announced earlier Thursday that it had been bought by US billionaire Dan Friedkin for 591 million euros ($700 million).“We’ve got to accept that Sevilla were superior,” said Roma coach Paulo Fonseca.In Basel, defender Fabien Frei scored the only goal in the 88th minute as the home team won 1-0 to complete an aggregate 4-0 victory over Eintracht Frankfurt.In Leverkusen, Moussa Diaby scored the only goal after 51 minutes to complete a comfortable victory for Bayer, who won 3-1 in Glasgow in March.“We had the chances to score one or two more times tonight and in the rounds to come we have to make sure that we’re more clinical,” said Leverkusen captain Lars Bender.center_img Read Also: Chelsea may incur £84m deficit after off-loading ten-name stars“But the most important thing about tonight was getting the ball rolling, avoiding injuries and re-establishing rhythm.”In the quarter-finals, Bayer will make the short trip to Dusseldorf to face Inter Milan on August 10, Basel will play Shakhtar Donetsk in Gelsenkirchen the next night.FacebookTwitterWhatsAppEmail分享 Loading… Allain clumsily bundled his former clubmate over and Jimenez converted the penalty. The Greek champions, who had drawn at Tottenham in the Champions League and won at Arsenal in the Europa League this season, responded by dominating possession. They created a string of chances but were thwarted by good saves by Rui Patricio, a tight offside decision and their own inaccurate finishing. Wolves, who began their Europa League campaign on July 25 last year against Crusaders in the second qualifying round, will next face Sevilla at Duisburg on August 11. “A long, long season,” Jimenez said. “Now we are in the quarter-finals and we want to keep going.” Sevilla were also in Duisburg on Thursday where they took the lead against Roma after 22 minutes. Captain and right back Jesus Navas switched play with a cross-field pass to left back Sergio Reguilon that caught Roma flat-footed.last_img read more

GVC Holdings confident of delivering its 2018 targets & objectives

first_img Submit StumbleUpon Share Share Publishing its Q3 2018 trading update (period ending 30 September), FTSE100 betting group GVC Holdings details continued corporate growth and progress on its core strategic objectives.The enlarged FTSE firm continues its strong digital momentum, recording +28% period NGR increase, detailing growth across all its major operating territories.Boosted by the closing stages of World Cup Russia 2018, GVC sports brands NGR grew 31%, with the company maintaining double-digit growth for its acquired Ladbrokes (+24%) and Coral UK (+29%) digital properties.Furthermore, a strengthened digital framework has helped GVC Casino/Games brands achieve 19% NGR increase, driven by ‘strong levels of first-time depositors’.Despite its digital growth, GVC cannot escape tougher UK retail operating conditions, with the company reporting a like-for-like 2% NGR decline. Nevertheless, the firm’s UK retail woes are offset by +24% increase in its European retail assets, as GVC reports strong growth across its Italian assets.GVC Holdings Q3 2018 Trading UpdateMoving forward, GVC governance highlights significant future prospects for the operator, having secured its US joint-venture partnership with MGM Resorts during the Q3 trading.GVC will now act as technology and operations lead for MGM Resorts, the US’ biggest land-based casino operator, gaining a significant foothold within the liberalised US sports betting market. The strategic partnership will see GVC develop and launch exclusive platform and digital properties through the ‘playMGM’ brand.Commenting on the Trading update, GVC Holdings Group CEO Kenneth Alexander said:“The Group’s performance in the quarter was very pleasing with momentum continuing across the Online and European Retail divisions. As highlighted in our H1 results, we will look to consolidate our position in markets where we are taking market share through the reinvestment of excess returns, and the board is confident in its full-year expectations.“We believe our sports-betting joint venture with MGM is best placed to be the market leader in the US and we have taken the first steps on that journey with the soft-launch of our sports-betting app in New Jersey. We have also recently announced a series of CSR measures including a multi-million-pound commitment to responsible gambling initiatives and a call for a pre-watershed ban of TV advertising in the UK around football and other live sports.“The industry continues to evolve and whilst there are challenges there are also many exciting opportunities. Through our proprietary technology, a portfolio of brands, leading product and talent, GVC is well placed to continue to deliver shareholder value.”last_img read more