And to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Can i have a motion and second on approve the minutes on august interest so moved. And second. Corrections roll call vote. Thank you ms. Sang ms. Fewer ms. Mendozamcdonnell dr. Murase ms. Norton mr. Walton ms. Wynns mr. Haney 7 is. I want to welcome everyone that joined us in the chambers that evening for those who want to address the board please fill out a speaker card according to the board rules speaker cards will not be accepted for items before the board were going to do something unusual we have a i think a bit of a bittersweet evening honoring someone that the record will show to our Unified School District so ill skip over item b and go to c resolutions and accommodation and start with commissioner mendozamcdonnell. So richard our last evening on in the boards meetings we wanted to just take a moment to thank you and honor you for all youre amazing work on behalf of ma
And to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Can i have a motion and second on approve the minutes on august interest so moved. And second. Corrections roll call vote. Thank you ms. Sang ms. Fewer ms. Mendozamcdonnell dr. Murase ms. Norton mr. Walton ms. Wynns mr. Haney 7 is. I want to welcome everyone that joined us in the chambers that evening for those who want to address the board please fill out a speaker card according to the board rules speaker cards will not be accepted for items before the board were going to do something unusual we have a i think a bit of a bittersweet evening honoring someone that the record will show to our Unified School District so ill skip over item b and go to c resolutions and accommodation and start with commissioner mendozamcdonnell. So richard our last evening on in the boards meetings we wanted to just take a moment to thank you and honor you for all youre amazing work on behalf of ma
The presiding officer the senate will come to order. The clerk will read a communication to the senate. The clerk washington, d. C, july 3, 2014. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable thomas r. Carper, a senator from the state of delaware, to perform the duties of the chair. Signed patrick j. Leahy, signed patrick j. Leahy, the senate is out for the july 4 holiday and lawmakers will return to business monday july 7 and of course we will have live coverage of the senate on cspan2. Now we will take you back to the discussion on banking regulation focusing on community and International Bank in posted by boston university. The shadow finance hundred and 74 of assets of u. S. Banks. It is a very big market presence even as measured by those even let alone but i think it really is. So it is a clear issue for the industry and i think it is also a major one for the regulators and 40 occ. For the regulator
Requirements. With more on this, greg mcbride, chief financial analyst of bankrate. Com. Great to have you here, greg. Lets start with how these accounts would work because the last thing i checked out, walmart is not allowed to be a bank and here they are offering Checking Accounts. Explain. Well, gerri, youre right, they have wanted to get into banking for a long time. They actually pursued a bank charter at one point and kind of gave up the fight on that but what they are in this arrangement, theyre basically retail outthrough which this is offered this is product that belongs to Green Dot Bank which is fdic insured bank. So the money that you have is federally protected but walmart is just going to be the Retail Outlet through which this offered. I think primary appeal being no overdraft. That is a selling point to anybody. Gerri no overdraft fees. Overdrafts are a habit. Gerri go right ahead, sorry. I think anybody that, you know, had a history of overdrafts, you know, which is, a