Tag: exempt

DOH thumbs down proposal to exempt workers from wearing face shields

In this photo taken on September 2, 2020, a shopper (L) wearing a face shield checks out at a supermarket in Manila. Many face the new normal in the Philippines, where it is now compulsory to wear both face masks and plastic shields in indoor public spaces and on public transport. (Photo by Ted ALJIBE / AFP) / 

MANILA, Philippines — The Department of Health (DOH) on Saturday thumbed down the proposal of the business sector to exempt workers from wearing face shields.

“Hindi po, ang amin pong punto at posisyon mula po nung umpisa yung pagsusuot ng mask, yung pagsusuot ng face shield, yung paggawa ng physical distancing, yung paghuhugas ng kamay,” DOH Undersecretary and spokeswoman Maria Rosario Vergeire said during the Laging Handa online press briefing when asked if she agreed with the business group’s proposal.

(No, our point and position since from the start is wearing of

Read More

CFPB data collection rule could exempt smallest small-business lenders

The Consumer Financial Protection Bureau finally detailed what small-business lending data it may require under the Dodd-Frank Act, but the agency also appears willing to relieve certain lenders from the reporting requirements.

The CFPB said in a 79-page outline released Tuesday that it is considering whether to exempt lenders with under $100 million or $200 million of assets out of concern that some entities “might reduce or cease their small business lending activity because of the fixed costs of” compliance. To implement Section 1071 of Dodd-Frank, the agency is also considering exempting institutions that make few small-business loans.

The data requirements — similar to reporting obligations applicable to mortgage lenders — are designed to assess small businesses’ credit needs and whether borrowers experience lending discrimination.

Banks have largely resisted collecting data on women-and minority-owned small businesses by claiming it requires too much paperwork and is a regulatory burden. But experts

Read More