CUNA seeks payday rule that facilitates credit union participation

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA continues to analyze the Consumer Financial Protection Bureau’s (CFPB) 1,300-plus page proposal on short-term, small-dollar loans. The CFPB has agreed to brief CUNA members on the proposal, and CUNA is currently working to schedule the briefing.The CFPB’s proposal adds restrictions on payday, title, and high-cost installment loans that meet certain requirements.“This rule is incredibly complicated with a lot of moving parts. We’d like to see a rule that will not only allow credit unions to remain in the market but also encourages even more credit unions to fill the needs consumers have for small dollar credit, we’ll be carefully looking at the proposal and working with the CFPB to educate them about how the rule could detrimentally impact consumer friendly credit union products if not properly tailored,” said CUNA Chief Advocacy Officer Ryan Donovan.Donovan added that an early concern is potential compliance issues, and the additional burdens that would mean, particularly for small credit unions with limited compliance resources.CUNA appreciates the CFPB’s recognition that it can use its authority under Section 1022 of the Dodd-Frank Act to “conditionally or unconditionally exempt any class of covered persons, service providers, or consumer financial products or services.” CUNA has been urging the agency to use Section 1022 to tailor its rules to target the bad actors in the financial services marketplace, and not to add to the already burdensome regulations that credit unions face in the wake of the financial crisis. continue reading »last_img read more

Luxury riverfront home hits market

first_imgSleek lines in the kitchen which leads out to the veranda. Put your feet up and unwind. A chandelier in the dressing room is just divine. Great spot for a cocktail.Agent Damon Warat of Ray White Ascot has been marketing the luxurious multi-level property as having breathtaking views complemented by quality finishes and appointments. The entrance is on the top level, opening into an open-plan lounge, kitchen and dining area, which occupies nearly the entire floor. Sleeping quarters occupy the middle level, with the main bedroom at one end. It is serviced by a walk-in wardrobe and large ensuite. Bi-fold doors open up to provide access to a balcony with river and city views. At the other end of the level, there are two bedrooms, one with an ensuite, and a bathroom. 23 Hillside Crescent, Hamilton. Picture: a hillside overlooking Kingsford Smith Drive and the Brisbane River, this luxurious property will take your breath away.The four bedroom, four bathroom, double car garage home is at 23 Hillside Crescent which fronts the Brisbane River.The home will be open for inspection for half an hour on Saturday September 23 from 12.15 to 12.45pm. The area has seen strong growth in recent years. More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoThe living zones flow through the entire floor. Get ready for amazing views. A couple of mates, a few beers and the footy sounds good.The lowest level is the entertainment zone, with a cinema, steam room, sauna, access to the pool, as well as a laundry, bedroom and bathroom.The property goes under the hammer within the week on Friday September 29 at 10.30am at Level 26, 111 Eagle St, Brisbane.last_img read more

Police arrest boy, 12, after racist messages sent to Crystal Palace’s Wilfried Zaha

first_imgPalace lost 2-0 thanks to a brace from Trezeguet, but the incident meant the spotlight was shone on society’s ongoing problem with racism once again.In a statement on Twitter, Zaha said: “Very disappointed we didn’t get a better result yesterday but I wanted to come on here to thank you for all your messages of support.“I would also like to thank West Midlands Police for their swift action in making an arrest. People need to understand that whatever your age, your behaviour and your words come with consequences and you cannot hide behind social media.“It is important social media platforms do as they did yesterday and seek out these individuals and remove them. This is not the first time I have received messages like this, nor am I the only player to receive messages like this — it happens every— Wilfried Zaha (@wilfriedzaha) July 13, 2020“I want to thank everyone for the love and support but enough is enough! It is not enough to be disgusted by these messages I received and move on.“It isn’t enough to just say #notoracism. We need action, we need education, things need to change.”The fact that such an incident is a daily occurrence on social media in 2020 was underlined after Sheffield United forward David McGoldrick came forward with racist abuse he had been subjected to over the same weekend. Crystal Palace star Wilfried Zaha has responded after a 12-year-old boy who sent him a string of racist abuse on social media was arrested by West Midlands Police.The Ivory Coast international posted screenshots of a number of messages sent to him via Instagram Direct Messages ahead of his side’s Premier League game against Aston Villa. The Republic of Ireland striker posted a screenshot of a message he had been sent after scoring twice in his side’s 3-0 win over Chelsea on Saturday.The Blades tweeted a statement of support for McGoldrick on Monday morning, pledging to work with authorities to identify the individual behind the messages and bring them to justice.As more footballers come forward with their experiences of being racially abused, pressure is growing on social media platforms to do more to prevent it and punish individuals who send abusive messages.last_img read more