CFPB views credit unions’ payday alternative loans as a “good product” and wants to make room for those loans in its payday lending rulemaking, CFPB Director Richard Cordray told the Senate Banking Committee Thursday as he delivered his semiannual report to the panel.In testimony similar to that given last month before the House Financial Services Committee, Cordray testified before the panel about CFPB’s regulatory and enforcement activities, future rulemaking and the bureau’s regulatory relief efforts for credit unions.The CFPB director fielded numerous questions from committee members on matters important to credit unions, including consumer services and regulatory topics, such as the bureau’s exemption authority.Asked by Sen. Bob Corker, R-Tenn., what solutions are out there for small, short-term credit, Cordray noted the role of credit unions and singled out PALs as a good, law-abiding product. He added that the bureau wants to allow room for the product under any new rules on payday lending. continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Share LifestyleNewsRegionalTravel Guyanese and Jamaicans need visas to visit St Maarten by: – March 18, 2011 by Global News StaffPHILIPSBURG, St Maarten — Guyanese and Jamaicans will now have to get visas before they can visit the Dutch territory of St Maarten.The announcement was made by St Maarten’s prime minister, Sarah Williams, who also has the portfolio of national security.Williams made the announcement on a radio programme “People’s Voice” and said that the ministry of justice has already been instructed to enforce the visa requirement.Nationals of Haiti and Dominican Republic also require visas to enter St Maarten.Guyanese and Jamaicans also need entry certificates to enter Anguilla, the British Virgin Islands, and other British Overseas Territories.For the past two decades a large number of Jamaicans and Guyanese have been living and working in St Maarten and the British Virgin Islands.Source: Caribbean News Now!Photo Credit: SXM Info.com Share Tweet Sharing is caring! Share 51 Views no discussions
OTTAWA, Canada- CMC — The Government of Canada has warned nationals to avoid travelling to Haiti as violent protests and widespread civil unrest have been taking place across the nation for several weeks.According to security officials, the situation in the French-speaking Caribbean country could deteriorate quickly and large demonstrations are scheduled to take place from November 4 to 6.“In addition to this volatile situation, the country is also experiencing water food and fuel shortages. Many businesses and banks are closed, making it difficult to access cash and commodities of all kinds.”The Canadian Government said roadblocks have been disrupting transportation across the country.“There have been reports of armed protest orders who throw rocks or shoot at vehicles that get close or kidnap people for ransom money.”On Friday, Radio Canada said there has been widespread hostility towards citizens from the United States and Canada.“Last week protesters reportedly threw rocks at the Canadian Embassy in Portau- Prince…the walls in Port-Au-Prince are covered with graffiti against the UN and also against what everyone here knows as the ‘Core Group’, a group of donor countries, including Canada, the United States, European Union and the Organization of American States…”The political and economic crisis in Haiti was triggered by the publication in January 2019 of a report on the Venezuela-funded PetroCaribe Oil initiative, under which Caracas provided oil and other petroleum products to Haiti under a preferential agreement.Opposition parties have been staging street demonstrations over the past weeks demanding the resignation of President Jovenel Moise, whom they have accused of engaging in corruption linked to the Venezuelan funded oil initiative, PetroCaribe.But Moise, who came to power in 2017, has said he has no intention of stepping down and instead has proposed a national dialogue so as to move the country forward.