Berger: Exempt credit unions from CFPB payday rule

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU President and CEO Dan Berger on Friday sent the CFPB an outline of provisions in the bureau’s payday lending proposal that encroach upon the authority of the NCUA and asked that the bureau use its Dodd-Frank Act authority to exempt credit unions from the rule.Berger noted that while NAFCU and its members appreciate the CFPB’s decision to identify credit unions as model lenders, especially regarding the payday alternative loan (PAL) exemption, “we are deeply concerned with the Bureau’s sweeping and complex new requirements.”Berger pointed to other products credit unions offer, such as signature loans, and wrote that these products may need to undergo new verification and ability-to-repay requirements that could be potentially embarrassing to some consumers and render products less accessible to others.“Credit unions have built a stellar reputation as trustworthy and accessible places for obtaining responsible lending products of all types, which allow the member to address their immediate financial needs in a fair and responsible manner,” Berger wrote. “However, the proposed rule would defeat these efforts by erecting time-consuming and costly barriers for consumers who want timely relief from financial distress.” continue reading »last_img read more

Arsenal table new contract offer to Aubameyang

first_img While Arsenal are set for tough times regarding their finances, the Gunners have in fact offered Aubameyang a new deal – but whether he signs it is another matter. read also:Arsenal chiefs identify Osimhen as Aubameyang’s replacement Auba is 30, and will likely be assessing Arsenal’s chances of winning silverware as his career begins to wind down. A summer exit is perhaps the most likely option, but nothing is set in stone. FacebookTwitterWhatsAppEmail分享 Loading… L’Equipe says Aubameyang’s situation at Arsenal is well known by now. The club captain is yet to sign a contract extension and, with his current deal up in 2021, Arsenal will have to consider selling him or risk losing him on a free next summer.Advertisement Arsenal have tabled a new contract offer to Pierre-Emerick Aubameyang. Promoted Content10 Risky Jobs Some Women DoWhich Country Is The Most Romantic In The World?A Guy Turns Gray Walls And Simple Bricks Into Works Of ArtThese TV Characters Proved That Any 2 People Can Bury The Hatchet8 Superfoods For Growing Hair Back And Stimulating Its GrowthAll Who Were Alive In The 1980’s Will Get Shivers When See ThisThe Woman The Whole Muslim World Is Proud Of7 Universities In The World With The Highest Market ValueWho Is The Most Powerful Woman On Earth?Best Car Manufacturers In The WorldNothing Compares To Stargazing Places Around The WorldEver Wonder What Keanu Reeves Spends His Paychecks On?last_img read more

Alewife Run Paddle slated for Saturday

first_imgORLAND — The Alewife Run from Craig Brook National Fish Hatchery to Orland Village is slated for Saturday as part of the Orland River Day festivities.Cheri Domina of Great Pond Mountain Conservation Trust and Karen Francouer of Castine Kayak will lead canoeists and kayakers from the Alamoosook Lake beach at 8 a.m. for a leisurely 3.5-mile (less than two-hour) paddle down the Narramissic River, arriving in the village in time for the parade.One short portage around a dam is involved. Castine Kayak will rent and deliver a kayak for $20. To reserve a spot, contact Castine Kayak at 866-3506, or [email protected] special festival price is $25 per person. For details on catching the shuttle and more, call Domina at 469-6929 or visit www.greatpondtrust.org.This is placeholder textThis is placeholder textThere also will be a free rescue and rolling demonstration at 11:30 a.m. on the Narramissic River waterfront. Maine Sea Kayak Guides from Castine Kayak will demonstrate those safety techniques.A kayak capsize and rescue workshop also will be offered from 12:30-2:30 p.m.last_img read more

The Latest: England rugby laying off 139 staff

first_img July 6, 2020 The Rugby Football Union will begin consulting with staff before announcing the redundancies at the end of August, chief executive Bill Sweeey said on Monday.“To ensure we have a sustainable RFU we have announced to colleagues that it is proposed that the total number of roles across the organisation will reduce by 139,” he wrote on the union website.“We have already made some significant cost savings. We furloughed 60% of our organisation; implemented a three-month pay reduction which has been extended for some; introduced pension pauses; and refined business planning and introduced stadium and office running efficiencies to reduce costs.“Unfortunately, this is not enough to run a sustainable operation and safeguard our future.”Sweeney predicts it will take five years for the RFU to recover, and the union will lose 20% of its normal revenue over that period. ___Two players on the Indiana Fever were among the seven positive tests for the coronavirus across the WNBA, the team announced.The league and teams didn’t reveal who the players were. All 137 WNBA players were tested over the past week as the teams prepared to head to Florida on Monday for the upcoming season, which will be played at IMG Academy.The Fever will delay their travel by at least five days to self-quarantine in case any of them came into close contact with the infected players.The WNBA hopes to start training camp later this week, with the regular season set to begin around July 24. Tiafoe, a quarterfinalist at the 2019 Australian Open, will not be paid for this season.______Atlanta Braves outfielder Nick Markakis has opted out of the 2020 season.The 36-year-old Markakis said he was uneasy about playing the season without fans and then was swayed by his telephone conversation with teammate Freddie Freeman, who has tested positive for COVID-19 and has fever and other symptoms.“Just hearing him, the way he sounded on the phone, it was tough,” Markakis said Monday. “It was kind of eye-opening. What everything that’s going on, not just with baseball but all over the world, it makes you open your eyes.” Major League Baseball and the players’ association announced Friday that 31 players and seven staff members tested positive for COVID-19 during intake for the resumption of training, a rate of 1.2%. Teams resumed workouts Friday for the first time since the coronavirus interrupted spring training on March 12, two weeks before the season was to start.___The Washington Nationals have canceled Monday morning’s team workout because of COVID-19 testing delays.Players and staff were tested Friday, and general manager Mike Rizzo says the team still hasn’t received its results. Rizzo said it’s not safe to continue holding camp without accurate and timely testing and that the workout was canceled to prevent putting players and staff at risk.Rizzo says: Major League Baseball “needs to work quickly to resolve issues with their process and their lab. Otherwise, summer camp and the 2020 season are at risk.” The Latest: England rugby laying off 139 staff But the Titans say the coronavirus pandemic makes it “increasingly likely” that NFL teams will be playing in front of fewer fans this season.___The National Hockey League says 35 total players have tested positive for the coronavirus over roughly the past month.The league says 23 of 396 players checked for COVID-19 at team facilities have tested positive since voluntary workouts began June 8, a 5% rate. In that same period of time, it is aware of 12 additional positive test results.The NHL and NHL Players’ Association on Sunday night agreed on protocols to start training camps and resume the season. That includes daily testing once games get under way for players, coaches and staff. ___Count the Tennessee Titans among the NFL teams offering season-ticket holders the option of opting out of this season and putting that money toward 2021 or getting a refund.The Titans sent a letter to their season-ticket holders Monday. The team also posted a notice on its website.Tennessee told season-ticket holders the team suspended any payment plans July 1 for this season.Team officials will be working with state and local governments on how many fans will be allowed to attend games at Nissan Stadium, which seats approximately 69,143.center_img Associated Press Markakis became the second Braves player to opt out. Over the weekend, pitcher Félix Hernández said he wouldn’t play this year.Dodgers pitcher David Price, Washington infielder Ryan Zimmerman and Colorado outfielder Ian Desmond are among the other players who have opted out.Following nine seasons with Baltimore, Markakis was entering his sixth season with Atlanta. He was competing for a spot in a crowded Braves outfield following the offseason signing of Marcel Ozuna.Manager Brian Snitker plans to play Ozuna and Ronald Acuña Jr. every game, though Ozuna could be the designated hitter. Markakis, Ender Inciarte, Adam Duvall and others were competing other spots and were joined by rookies Cristian Pache and Drew Waters.Markakis hit .285 with nine homers and 62 RBIs in 2019, a year after he was an All-Star. He said he doesn’t know how opting out could affect his hopes for playing in 2021. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___England rugby will lay off 139 positions because it expects to lose 107 million pounds ($134 million) in revenue in the short term. Resuming is contingent on each side approving an extension of the collective bargaining agreement and the return to play agreement.___Milwaukee Brewers manager Craig Counsell says shortstop Luis Urias and pitcher Angel Perdomo tested positive for COVID-19 before the intake process.Counsell says both players are asymptomatic.This marks the second setback for Urias since the Brewers acquired him from San Diego in November. Urias, who is expected to compete with incumbent Orlando Arcia for the starting shortstop job, underwent surgery in January to repair a broken bone in his left hand. ___Frances Tiafoe will not play in the World TeamTennis season after testing positive for the coronavirus.The American was playing in a weekend tournament in Atlanta and was tested after feeling symptoms during his match on Friday. He withdrew from the event the following day and said he was following the recommended quarantine protocol.He was set to play for the Washington Kastles during the World TeamTennis season, set for July 12 to Aug. 2. It’s being played entirely at The Greenbrier in West Virginia because of the pandemic, instead of around the country as usual.Under league rules, a player had to test negative before being allowed to travel to the resort. The league announced Monday that because Tiafoe’s positive test was within the advance travel window, he was ineligible to compete this season. ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sportslast_img read more

Stable Notes By Ed Golden – Saturday, May 30, 2020

first_imgBUSY DAY LOOMS FOR MICHAEL McCARTHY TRAINER HOPES HE HAS THE ‘WRIGHT STUFF’ ANNEAU D’OR IN RUNHAPPY SANTA ANITA DERBYBlaine Wright knows his way around the race track,You might say he was born in the game.His father, Richard, was a jockey and a trainer. His mother, Susan, was an assistant trainer, an owner and a breeder, so when Blaine sends out an outsider against two deservingly obvious favorites in a Grade I race, it should be given more than a longshot’s chance.That’s the scenario the 46-year-old trainer will find himself in next Saturday, June 6, when he runs Anneau d’Or against undefeated Authentic and Honor A.P. in the Runhappy Santa Anita Derby.As a two-year-old, a future of gold and glory seemed on the horizon after Anneau d’Or lost the Grade I Breeders’ Cup Juvenile by a head at 28-1 to Storm the Court, who would go on to win an Eclipse Award as outstanding two-year-old male of 2019.That effort was followed by a neck defeat as the 6-5 favorite behind well-regarded Thousand Words in the Grade II Los Alamitos Futurity.But that was then and this is now. In his two races at three, Anneau d’Or (ring of gold) was an eventful ninth in the Grade II Risen Star at the Fair Grounds on Feb. 15 and fifth of six by 9 ½ lengths in the first division of the Grade I Arkansas Derby on May 2.Next up: the Santa Anita Derby.“Our plans are to leave Monday morning (from Golden Gate),” said Wright by phone from the Bay Area, adding that Victor Espinoza has been engaged to ride the $480,000 son of Medaglia d’Oro owned by 85-year-old Peter Redekop, an inspirational story in his own right.Born in a Mennonite colony in the former Soviet Union–in the area now known as the Ukraine–Redekop’s family was oppressed by Communists for their religious beliefs and displaced in Germany for two years after World War II ended.“We basically didn’t have any food to eat,” Redekop has said. “I was 10 years old and remember it very vividly. I will never forget it.”Following several years in The Netherlands, Redekop immigrated to Canada in 1948, landing in Winnipeg. He made his fortune in real estate, jumped into racing with both feet in 1968 and has been a prominent fixture for more than half a century.Redekop is the perennial leader among owners and breeders in Vancouver, British Columbia, where he is a member of the Hall of Fame.Wright, who began training full time in 2006, is best known for developing millionaire Alert Bay into a four-time graded stakes winner including Santa Anita’s Grade II City of Hope Mile in 2015.But back to Anneau d’Or.“We had to use him a little more than we wanted the first part in the Arkansas Derby,” continued Wright, a native of Ogden, Utah, who has been a mainstay in Northern California and the Great Northwest, where he was leading trainer at Emerald Downs in 2016-17.“He broke bad, but that’s no excuse. The winner (Charlatan) ran off the charts (leading throughout to post a six-length triumph). Nobody was outrunning him that day. Maybe we would have placed a bit better, but on the other hand, it had been nine weeks since he ran in the Risen Star and it was another nine weeks from the Los Al Futurity to the Risen Star.“We had been at Santa Anita and breezed over the track for the Santa Anita Derby when it was originally to be run on April 4, but was ultimately postponed, so we came home to Golden Gate.“Now we’re looking forward to running him back in 30 days, but make no mistake; all of what transpired is no excuse as to why he got beat. He’s got to step up his game, obviously.“He really likes the track at Santa Anita. He breezed super over it (six furlongs in 1:13 flat March 28) when we had him there earlier and we were really looking forward to the Derby before racing was shut down.”Now the countdown is on in earnest.HONOR A.P. WORKS FOR SANTA ANITA DERBYHonor A.P. had his final major breeze this morning for next Saturday’s Runhappy Santa Anita Derby, going five furlongs in 1:00.20.Mike Smith, who has ridden the ridgling in all three of his races, was aboard for the drill.“He looked really good,” said John Shirreffs, who trains the son of Honor Code for the C R K Stable, LLC of Lee and Susan Searing. “Mike was happy with him.”Also working this morning for a possible start in the Santa Anita Derby was Rushie, who went five furlongs for Michael McCarthy in a snappy 59.80 under leading rider Flavien Prat.Midcourt, also owned by C R K Stable and trained by Shirreffs, is set to work tomorrow for the Grade I Hollywood Gold Cup for three-year-olds and up at a mile and one quarter on June 6.Midcourt was third beaten less than a length as the 7-10 favorite in the Grade I Santa Anita Handicap on March 7.In the Gold Cup, he will once again be ridden by Victor Espinoza, who has been aboard the five-year-old gelded son of Midnight Lute in his last six races, winning four, including the restricted Comma to the Top, the Grade III Native Diver and the Grade II San Pasqual.  Espinoza will be seeking his third Gold Cup win, as won it 2018 with Accelerate and in 2015 with Hard Aces.Hard Not to Love draws the rail for the second straight race in Sunday’s Grade II Santa Maria Stakes, which could be problematic, as she lost her left eye as a youngster when kicked by another horse.  While she has made great strides adapting, she can still become antsy when there’s no horse to her inside at the starting gate.Favored at 3-5 in the Grade I Beholder Mile March 14, Hard Not to Love broke from the number one post position and ran second to Ce Ce, who has post two in the Santa Maria, just outside Hard Not to Love.Asked how he felt about drawing the inside again with Hard Not Love, a nonplussed Shirreffs left ’em laughing with this: “That required another cocktail.”FINISH LINES: Trainer Michael McCarthy will saddle 3-5 morning line favorite Ce Ce in Sunday’s Grade II Santa Maria Stakes and he’ll be plenty busty next Saturday as Santa Anita presents a plethora of prestigious playing possibilities, highlighted by seven stakes races. Already established as a national presence, McCarthy, a 49-year-old native of Youngstown, Ohio, could have Rushie in the Runhappy Santa Anita Derby; Brown Storm in the Hollywood Gold Cup; Speech in the Grade II Santa Anita Oaks; and Cono in the Crystal Water Stakes. Speech worked five furlongs this morning in 1:01.80. Also to be decided June 6 will be the Cinema Stakes, the Fran’s Valentine Stakes and the Desert Code Stakes . . . It was 2019 Juvenile Champion Storm the Court who worked five furlongs in 59.80 today for Peter Eurton, not Santa Anita Derby candidate Shooters Shoot. He will breeze on Monday…Happy 59th to trainer Richard Baltas.LATEST CONTENT FROM XBTV:WORKOUTS:Honor A.P.  (Shirreffs) 5-30-20Rushie (McCarthy) 5-30-20Rookie Mistake ( O’Neill) 5-30-20No Slo Mo (Glatt) 5-29-20Shadow Sphinx (Baltas) 5-29-20Lane Way (Mandella) 5-28-20Toinette (Drysdale) 5-28-20Justinian (Baffert) 5-28-20Honor A.P. (Shirreffs) 5-27-20Authentic (Baffert) 5-27-20Charlatan (Outside) and Crystal Ball (Baffert) 5-27-20Bellafina (Callaghan) 5-27-20center_img HONOR A.P., MIDCOURT SET FOR SHIRREFFSlast_img read more

‘I’m really comfortable!’ Sunderland ace convinced club will survive this season

first_imgSunderland midfielder Jan Kirchhoff has urged his team-mates to keep the faith after suffering yet another late blow in their efforts to crawl out of relegation trouble.The Black Cats came within seven minutes of a seventh successive derby victory over Newcastle at St James’ Park on Sunday, a result which would have lifted them out of the Barclays Premier League drop zone, albeit only on goal difference.However, Aleksandar Mitrovic’s late equaliser, which cancelled out Jermain Defoe’s 44th-minute opener, denied them two extra points for the second time in as many games and left them in great peril once again.Manager Sam Allardyce could not disguise his frustration after watching his side dominate the first half, but January signing Kirchhoff is convinced Sunderland will get themselves out of trouble if they continue to play as they have in recent weeks.The 25-year-old German said: “We are still above Newcastle, we are still in a position to stay in the league. We are two points behind Norwich, who have one game fewer, so it’s all in our own hands.“We can stay in this mentality, to be sharp, to be focused and believe in winning our games. That’s how we can go on.“I am really comfortable and I have the feeling we can stay in the league and are good enough to stay in the league.”The international break means the Black Cats do not play again for a fortnight, and successive home games against West Brom and leaders Leicester are likely to have a major say in their destiny this season with Allardyce having set his players a target of four wins from their remaining eight fixtures, one of which takes them to Carrow Road on April 16.With the Tyne-Wear duo both failing to collect the three points they craved at the expense of the other, Norwich were the weekend’s big winners after their 1-0 away victory over the Baggies.Kirchhoff said: “They won their last game, so it’s a good feeling for them, but we have got a game more so if we win it, we will go above them. We will have one point more than them, so it’s in our hands.“We don’t have to focus on Norwich. We still have to play against them in a really tight, big important game, so we can do it. It’s in our hands, we can go on, we can believe in it and just work hard.“If we go into the next game and get a clean sheet, I am sure it will be enough to win the game.”A clean sheet, however, is something the Black Cats have managed only three times during Allardyce’s five-and-a-half-month reign to date, the last of them on November 28, and the 61-year-old is acutely aware of how costly that has been.Allardyce said: “I know that we have got to keep clean sheets. If we don’t start, it’s going to go right to the very wire, and if we need two goals to win every game, that means that we need to score 16 goals at least in the next eight.“We are going to have to score two goals to win any game. There are eight games to go, that’s 16 goals minimum we have got to score. We can’t do that.“We could have won two games 1-0 now, and should have won two games 1-0 now and be sat on 30 points instead of 26.” 1 Jan Kirchhoff in action for Sunderland against Newcastle last_img read more