With Trump-appointed deregulators now in charge of the Consumer Financial Protection Bureau, the specter of new regulations governing overdraft practices and fees has been lifted, at least temporarily.CFPB is at a fork in the road and less likely to further restrict credit union overdraft programs, at least in the immediate future, observes Brian Witt, senior partner in the Farleigh Wada Witt law firm, Portland, Ore.“They’re likely to put a freeze on any new regulations for the next six to nine months, until they see what the new director’s priorities are,” he says. “That should bring credit unions and banks short-term relief from any potential new regulation.”The threat of heavy-handed overdraft regulation by CFPB was receding even before an anti-regulation acting director took over, he notes; CFPB’s own research study showed little need for more restrictions. continue reading » 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Stanley W. Shaw, 81 of Greensburg, passed away on Thursday, October 24, 2019 at Majestic Care Nursing Home in North Vernon. Stanley was born on June 12, 1938 in Barren County, Kentucky, the son of Morris and Evelyn (Barrick) Shaw. He graduated from Glasgow High School in Kentucky in 1957 and then served in the US Army until 1962. After his time in the military he went to Kentucky Wesleyan College and later Emory University in Atlanta where he obtained a degree in Religion and Philosophy in 1966. On July 13, 1968 he married Marillyn R. Willeford and she survives.Other survivors include his sister – Brenda (Lonnie) Jaggers of Glasgow, KY; his sister-in-law – Donna Shaw; two nieces – Sherry Bishop and Dena Hall and his nephew – Mike Shaw. He was preceded in death by his parents, his son Timothy Shaw and two brothers Billie Ray Shaw and Clifton Shaw.Stanley was the pastor of the Letts United Methodist Church for 19 years.Visitation for family and friends will be on Monday, October 28, 2019 at the Gilliland-Howe Funeral Home from 10am until the start of the funeral service at 11am with Rev. Chris Stephens officiating. Burial will follow at the South Park Cemetery. Memorial contributions may be made to Decatur County Special Olympics. Online condolences may be made to the family at www.gilliland-howe.com.