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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

Belgium edge past Northern Ireland

first_imgNorthern Ireland Under-21s were downed 1-0 by a solitary first-half goal in their Euro 2015 qualifier in Belgium. After a slow start, Northern Ireland drew a couple of saves from Belgium goalkeeper Thomas Kaminski, Carl Winchester and Josh Carson both trying their luck. The hosts settled after that with Paul-Jose Mpoku, Thorgan Hazard and Yannick Ferreira-Carrasco coming into the game more but failing to work Connor Devlin. Indeed, the next shot on target came from Oldham midfielder Winchester after 42 minutes but he could not beat Kaminski. Instead, Belgium scored with their first real attempt on goal, Batshuayi firing home from Laurens De Bock’s assist moments before the interval. Dagenham’s Sean Shields replaced Kirk Millar at half-time, the first of three replacements alongside Jamie Reid and Paul McElroy, but Northern Ireland could not find an equaliser. James Gray saw his 56th-minute free-kick saved and soon after Batshuayi hit the woodwork. There were chances at either end for a second goal but it did not materialise, and with three minutes of added time on the clock Donnelly picked up a second yellow card. Press Associationcenter_img Standard Liege striker Michy Batshuayi grabbed the only goal of the game just before the interval to maintain his side’s 100 per cent record, while Fulham’s Liam Donnelly was sent off in injury time. Stephen Robinson’s side have now lost both of their Group Nine clashes but this represents a significant improvement on May’s 3-0 reverse in Cyprus. last_img read more

NCAA’s documents released in McNair case

first_imgOn Tuesday morning, the NCAA unsealed hundreds of emails, memos and transcripts that seem to show ill will and bias toward both USC and former running backs coach Todd McNair.“These recent documents confirm what we’ve believed all along, that we were treated unfairly in this investigation and its penalties,” USC Athletic Director Pat Haden said in a statement on Wednesday. “I think these documents are cause for concern about the NCAA’s own institutional controls.”The NCAA had battled to keep the documents sealed by claiming that making them public would inhibit the committee’s ability to conduct investigations in the future.“It should be concerning to all schools that the NCAA didn’t appear to follow its own rules,” Haden said.McNair sued the NCAA for defamation, and his attorneys argued the emails showed that certain officials tried to influence the infractions committee. California’s 2nd District Court of Appeal ordered the NCAA to release the documents in Feburary.The emails seem to prove McNair’s case and show why the NCAA was so concerned with keeping the documents sealed. Two non-voting members, Roscoe Howard and Rodney Uphoff, attacked both the Trojans and McNair in the emails. In one email, Uphoff even compared evidence from the Reggie Bush case to the Oklahoma City bombings.“This evidence in this [Bush] case is, for example, markedly stronger than in the OKC bombing case which was built entirely on circumstantial evidence,” Uphoff wrote, according to CBS Sports.  “In fact, there was no direct evidence that [Terry] Nichols was ever involved in the bombing plot.”Another infractions committee overseer, Shep Cooper, went as far as calling McNair “a lying, morally bankrupt criminal and a hypocrite of the highest order.”USC was sanctioned in 2010 for a “lack of institutional control” in cases regarding former football player Reggie Bush and basketball player O.J. Mayo. The Trojans were handed a  two-year post-season ban and a massive reduction in scholarships over the subsequent four years. Many consider the punishment put on the Trojans to be one of the harshest in history.The NCAA pinned McNair as one of the main contributors to USC’s mishandling of their star players. The NCAA claimed that McNair “knew or should have known” about Bush’s relationship with potential San Diego agents. McNair ended up losing his job at USC in 2010 and has not worked for another team or college since.In voice memos released as part of the sealed documents, Uphoff harshly criticized USC’s hiring of Lane Kiffin following the departure of Pete Carroll.“Paul Dee was brought in at Miami to clean up a program with serious problems. USC has responded to its problems by bringing in Lane Kiffin,” Uphoff wrote. “They need a wake-up call that doing things the wrong way will have serious consequences.”Some members of the committee, including Britton Banowsky and Eleanor Myers, were skeptical about the case, especially against McNair.“It is challenging for me to make the finding when there is no allegation that he personally was involved in any rules violations, or even had specific knowledge of any,” Banowsky wrote.The NCAA released more than 500 pages of documents on Tuesday. A decision regarding McNair’s defamation lawsuit should come within few months.last_img read more