CFPB should increase relief in ‘rural’ definition rule

first_imgThe Consumer Financial Protection Bureau’s (CFPB) proposal regarding rural and underserved areas is a positive step, but CUNA urged the agency to take further regulatory relief steps, in a comment letter filed Monday.The CFPB in January proposed a broader definition of “small” credit union and bank, as well as an expanded designation for what comprises a “rural” area.  If finalized, the proposal would, in part, increase the number of financial institutions able to offer certain types of mortgages in rural and underserved areas by exempting more small creditors from the CFPB’s tough new mortgage rules.CUNA generally supports the proposal, calling the bureau’s overall approach “positive and appreciated.”However, CUNA offered a number of changes to make the proposal more favorable toward credit unions and other small servicers.This includes providing favorable regulatory relief to creditors that manage their lending programs, in addition to the thresholds of asset size and loans originated. This could be achieved by considering the default rates on covered loans, CUNA suggests.CUNA also recommends the small creditor thresholds, which can exempt institutions from certain requirements under Regulation Z (which implements the Truth in Lending Act), be analyzed. The new threshold proposed by the CFPB would raise the thresholds to 2,000 loans originated in a year, up from 500. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

3eActuaries Hails Oboh as LET Q-School Begins

first_imgOlawale Opayinka Olawale Ajimotokan in AbujaThe Chief Executive Officer of 3e Actuaries, Olawale Opayinka, has applauded Nigeria’s starlet, Georgia Oboh, who will be attending the Ladies European Tour (LET) Qualifying School, starting Monday.The 17- year- old Nigerian will be one of 107 ladies from across the globe, bidding for the 25 slots that will make them eligible to play on the LET sanctioned professional tournaments in 2019. The Qualifying School is held yearly for golf professionals and elite amateurs aiming to attain playing privileges on the Ladies European Tour which holds its schedule mainly in Europe, in addition to Australia, South Africa, China and Thailand.The exercise tees off on tomorrow (Monday) and will run through Friday at Amelkis Golf Club in Marrakech, Morocco.In a goodwill message, Opayinka charged Obah to write her name in history, saying her accomplishments will shape the outlook of lady professional golf in Nigeria.Two months ago, Oboh won her maiden professional title, following her victory at the Côte d’ Ivoire Open in Abidjan.Opayinka, who offered the player a platform to develop her game, when he invited her to 3e Actuaries Equatorial Guinea Open Championship in Mongomo last year, to play with leading lady golfers in the world, remarked that her attitude has already inspired a new generation of Nigerian players.“Oboh played in our tournament last year in Mongomo. She is a role model for female golfers in Nigeria and Equatorial Guinea and her success at the LET Q-School will rub off positively on golf in both countries. She is a talented golfer and is someone 3eActuaries is glad to have attended our schedule,” Opayinka said.The Ikoyi Club 1938-groomed teenager is confident of her ability to rise to the challenge in Morocco, saying she would not let the opportunity slip off having come this far.“This will be my toughest test yet so I am working really hard but praying even harder. As a young professional I am looking forward to the finals with optimism that I can make the cut of 25 players to be able to compete across Europe next year. I am in good shape having arrived since November 29 to be able to get used to the golf course and weather. I can say that the weather has been very friendly particularly at this time of the year in Morocco.“Also, I am getting used to the golf course ahead of the finals next week. I am in high spirits and full of optimism going into the competition,” Oboh said.RESULTS & FIXTURESMan City 3 – 1 EvertonCrystal Palace 1 – 0 LeicesterHuddersfield 0 – 1 NewcastleTottenham 1 – 0 BurnleyWatford 3 – 2 CardiffWolves 2 – 0 BournemouthFulham 0 – 2 West HamBrighton v Chelsea 2:30pmSouthampton v Arsenal 2:30pmLiverpool v Man United 5pmShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Duke’s Zion Williamson named Naismith Player of the Year

first_img Duke ‘looking into’ claims Nike paid Zion Williamson’s mother Tre Jones returns to Duke for sophomore season Zion Williamson is racking up the hardware.The Duke freshman was named the Naismith Men’s Player of the Year on Sunday, which added to his growing collection of accolades.  “I want to thank the Citizen Naismith Trophy committee for selecting me as the Player of the Year. It is truly an honor to receive this and join such an elite list of former Blue Devils to have also won the award,” Williamson said in statement. “There were so many great players who could have won this award this year. I can’t thank my teammates, coaches and family enough for helping me. This is a team award, and it’s an honor for me to accept this on behalf of my brothers.” Related Newscenter_img Duke coach Mike Krzyzewski praised Williamson after he was named the winner.  “Zion is absolutely deserving of this year’s Citizen Naismith Trophy. He handled himself with such class and humility this season, especially given what he accomplished, both individually and with his team,” Krzyzewski said in a statement. “Zion is a great representative of the game and is a pleasure to coach. Duke has a long history of Naismith winners, and Zion certainly belongs in that elite company.”Williamson is the eighth Blue Devil to win the Naismith Award, and just the third freshman ever.The Associated Press and U.S. Basketball Writers Association also awarded him player of the year honors. Williamson managed to take home ACC Player of the Year and Rookie of the Year recognition, as well.The 6-7 forward averaged an impressive 22.6 points and 8.9 rebounds while shooting a super efficient 68 percent from the field. His impact was also felt on the defensive end, as he led Duke in steals (2.2) and blocks (1.8) per game. Multiple NBA experts believe Williamson has the potential to be a superstar at the next level because of his dominance and athleticism.He is projected to be the first overall pick in the 2019 draft.last_img read more