City rate hike places burden on hotels

first_imgEmail Advertisement Print NewsLocal NewsCity rate hike places burden on hotelsBy admin – March 6, 2009 614 Previous articleStringer, O’Boyle, Earls and Quinlan all start against DragonsNext articleHope for Thomondgate residents admin THE 2.8% increase in commercial rates imposed this year by Limerick City Council was condemned as outrageous and out of touch with economic reality, by Michael Vaughan, Shannon Branch of the Irish Hoteliers Federation.Speaking in Killarney, He urged the Government to reverse the increase for 2009 and place an embargo on any additional hikes. Sign up for the weekly Limerick Post newsletter Sign Up “Our archaic system of commercial rates places a disproportionate burden on hotels and guesthouses by extracting taxes relative to the size of premises without any recourse to the level of turnover or overheads.“Limerick hoteliers are calling on the Government to implement a more equitable system of local government funding that supports businesses and employment within the hospitality sector.“In the meantime, the Government cannot stand by and allow local authorities to continue as if no economic crisis exists. It must veto all increases in rates and charges and compel councils to make up any shortfalls through increased efficiencies in their services and operations”.The IHF maintains that allowing unfettered increases in local authority rates and charges is a recipe for disaster.“What we need now are measures that bolster business and business confidence in order that they can drive the economy through current difficulties. The last thing we need is for local authorities to increase their taxes and charges without any account been taken of the ability of businesses to pay them or the impact that they are having on the survival chances of enterprises,” concluded Mr Vaughancenter_img Facebook Linkedin Twitter WhatsApplast_img read more

Barney Frank: CFPB Elimination Would be Unpopular

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago According to former Representative Barney Frank (D-Mass), the elimination of the Consumer Financial Protection Bureau (CFPB) would be “very unpopular.” Frank spoke to John Catsimatidis, of AM 970 in New York, in an interview, where Frank expressed his support of the Bureau.Frank is one half of the namesake of Dodd-Frank, and said that the CFPB “saved consumers lots of money.” Rather than eliminate the bureau, he hopes that for legislation will be introduced to make minor changes to Dodd-Frank “that make it easier for the smaller and middle-sized banks without weakening the rules against great losses that people can’t deal with.”Although small banks are having difficulties, Frank noted that people are not having a problem getting loans.In a previous interview with DS News, Frank discussed the executive order from President Trump, which demanded an official review of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The executive order, which President Trump signed earlier this year, will direct the Treasury secretary to consult members of different regulatory agencies and the Financial Stability Oversight Council, and report back on potential changes.Frank stated that the executive order confirmed his suspicions that Trump has no intention of maintaining strong regulatory controls over the financial industry.”He’s not worried about a repeat of 2008,” Frank said. “I think this is just confirmation that he believes we shouldn’t regulate the financial industry. Instead, he’s going to make people in business very happy.”Frank said the executive order itself is no real threat to Dodd-Frank itself, as it only orders the Secretary of the Treasury to prepare a report.”The executive order doesn’t do anything. Literally it doesn’t do anything,” he said. “The reason is, he can’t change the provisions of the law by executive order. These are specific statutes, I think we were very careful about adopting them. He would like to get Congress substantively to weaken the bill legislatively.”AS part of the ongoing reviews and new legislation aimed at Dodd-Frank, Senator Ted Cruz (R-Texas) and Representative John Ratcliffe (R-Texas) had introduced legislation if February to eliminate the CFPB. Additionally, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is in the process of making legislation which would allow the president to remove the CFPB Director from his position at will.  Print This Post Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Barney Frank: CFPB Elimination Would be Unpopular The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily 2017-04-17 Seth Welborn in Daily Dose, Featured, Government, News Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago April 17, 2017 948 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Barney Frank: CFPB Elimination Would be Unpopular Previous: Report Shows Confidence Among Home Builders Next: Fed Banks Predict Slowing GDP Growthlast_img read more