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CFPB gathering feedback on remittance rule

first_img continue reading » The CFPB has issued a request for information (RFI) on its remittance rule – a positive sign for the industry as the bureau considers possible changes to the rule. NAFCU has long expressed concerns about the rule’s highly burdensome compliance costs and urged the bureau to exempt credit unions from the rule.“NAFCU has long argued that credit unions should be exempt from all CFPB rulemakings, including its remittance rule,” said NAFCU President and CEO Dan Berger. “The remittance rule imposes overbearing compliance costs, which have effectively prevented many credit unions from providing assistance to consumers in need.“The rule, as it stands, pushes countless consumers away from credit unions and into the waiting arms of shady, fly-by-night entities that may do consumers harm. We appreciate the CFPB’s commitment to reviewing the rule, and we look forward to continuing to work with them throughout the process,” Berger added. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Bayern Munich praise Messi ahead of tricky UEFA Champions League duel

first_imgBayern Munich chairman Karl-Heinz Rummenigge has expressed his big admiration for FC Barcelona star Lionel Messi ahead of their 2019/2020 UEFA Champions League duel.The Argentina captain is playing against the Bavarians in a match which could however condemn the Catalans to a season without titles. The sides meet in a one-legged quarter-final on Friday.“I have a lot of respect for this player. He has something that possibly no one else on this planet has. He can decide a game on his own,” Rummenigge told reporters.The former German captain added: “He’s a player that you have to watch closely and from whom you also have to take some of the fun out of the game.“He’s a player who wants to have fun with football. If you take a little of that fun away from him by trying to take him out of the game tactically, then there is a good chance for Bayern Munich.”Bayern Munich and FC Barcelona have each won the elite event five times. They are the only ex-champions in the eight-team field for the Lisbon mini-tournament, which was to open later Wednesday and runs until August 23.Bayern Munich midfielder Leon Goretzka said the only way to stop Messi is “collectively.”“Everyone knows what a gifted footballer he is. He is capable of finding many solutions also in tight situations. We will have to fight back as a team,” Goretzka said.“Whether you can actually take away his fun in the game, I don’t know.”Messi has not much fun this season as Barca had to settle for second in the league behind arch rivals Real Madrid and they also did not make it to the Spanish Cup final. “Everything has been bad since January,” Messi said, adding that Barca had been “an inconsistent, bad team.”Barca appear more dependent on the now 33-year-old than ever before, as shown in the 3-1 last 16 win over Napoli where he scored one goal and set up another.Neither Ernesto Valverde and his successor Quique Setien have been accepted as a leading coach by the club’s stars.There is also unrest at the top of the club around the upcoming presidential elections.RelatedPosts Bayern Munich fans undergo Super Cup coronavirus tests Vidal lands in Milan to complete move from Barca to Inter Barca president Bartomeu says he won’t go to war anymore with Messi Expensive signings over recent years such as Ousmane Dembele and Philippe Coutinho have struggled, and Antoine Griezmann is also yet to show his full potential at Barca.That leaves only Messi, who has been at the centre of transfer gossip that he could leave for Inter Milan next year.He now wants to win the event he has scored 115 goals in for the fifth time.“Anything is possible with this Messi,” a sports newspaper said.dpa/NAN.Tags: Bayern MunichFC BarcelonaKarl-Heinz RummeniggeLionel MessiUEFA Champions Leaguelast_img read more

Lakers’ D’Angelo Russell will try to overcome slow start

first_imgThe images looked comical as the 7-foot-1 Timofey Mozogv has taken 3-pointers at the end of recent practices. But with Lakers coach Luke Walton hoping to incorporate Golden State’s philosophies on the increased use of the 3-point shot, why not?“I need to work on everything,” Mozgov said. “You have to improve your game. Maybe one day they’ll let you shoot.”Apparently, that day has already happened. Mozgov insisted Lakers assistant coach Brian Shaw has “a special play for me.” Laughter quickly erupted.“It’s no joke,” Mozgov said. “I’m serious.”So will he take a 3-pointer in a game?“If I’m going to be on the court with the ball, of course I’m going to shoot,” Mozgov said. “I have to. It’s not like I’ll run to the 3-point line and shoot. We have a lot of shooters. We have a lot of work to do. We’re not just shooting 3s.” EL SEGUNDO >> This could have marked the time where D’Angelo Russell would put on a show perhaps as captivating as his summer league play. Maybe he would make another game-winning 3-pointer. Maybe he would throw out enough nifty passes to fill a highlight reel. Maybe he would carry those positive vibes he has felt for Lakers coach Luke Walton and show how that will lift his game.Instead, Russell opened exhibition play against Sacramento on Tuesday collecting nearly as many fouls (three) as points (four) and logging more turnovers (five) than assists (three). The Lakers only beat the Kings, 103-84 because the reserves chipped away at a 13-point half-time deficit.“It was average,” Russell said of his play. “I didn’t have that pace and pep in my step. But it’s all new.”So with the Lakers (1-0) continuing their exhibition schedule against the Denver Nuggets (1-0) on Friday at Staples Center, Russell vowed for a much better encore. Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img “It only gets better. The only way we can go is forward,” Russell said. “With the new coaching staff and offense, everything is still new. No matter how times we’ve gone over it, going against different defenders, teams and reads, it’s all new.”Everything seemed even more new to rookie forward Brandon Ingram, whose two points and 0-of-5 clip overshadowed his two rebounds, two blocks and one steal.After experiencing mixed performances and evolving roles his rookie season last year, Russell predicted Ingram’s hiccups will not last long.“It only gets easier,” Russell said. “The more he starts to trust the system and relaxes, I feel like it’ll be easier. He’s going to realize where he can get his shots and what he can get away with this in this league.”Expanding his boundarieslast_img read more