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Showing posts with label 2017 at 12:57PM. Show all posts
Showing posts with label 2017 at 12:57PM. Show all posts

Monday, May 15, 2017

Cyberattack Aftershock Feared as U.S. Warns of Its Complexity

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The components of the global cyberattack that seized hundreds of thousands of computer systems last week may be more complex than originally believed, a Trump administration official said Sunday, and experts warned that the effects of the malicious software could linger for some time.

May 15, 2017 at 12:48PM

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from Anti-Corruption Digest

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Monday, May 1, 2017

Lawrence Optometrist, Dr. Brent Crandon, Receives VOSH Award for Humanitarian Efforts

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LAWRENCE, Kan., April 30, 2017 (GLOBE NEWSWIRE) — Brent Crandon, O.D., has been dedicated to humanitarian efforts by bringing needed eye care services and eyewear to those who need it most around the world. He has received a VOSH award and was inducted into the Franklin Harms Society, an honor reserved for those who have …

The post Lawrence Optometrist, Dr. Brent Crandon, Receives VOSH Award for Humanitarian Efforts appeared first on ForexTV.

May 01, 2017 at 12:47PM

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from Nasdaq NewsFeed

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NZD/USD drops back to 10-month low near mid-0.6800s

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The NZD/USD pair failed to build on early tepid recovery move and has now drifted into negative territory for the sixth consecutive session. Currently trading around mid-0.6800s, the pair ran through some fresh offers and remained closer to 10-month lows … Go to Source Author:

The post NZD/USD drops back to 10-month low near mid-0.6800s appeared first on ForexTV.

May 01, 2017 at 12:47PM

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from NZD Editor

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Town & Country Animal Hospital Offers Anesthetic Pet Dental Cleanings to Support Oral Health

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OCALA, Fla., April 30, 2017 (GLOBE NEWSWIRE) — Pet owners should be aware of the benefits of a thorough dental cleaning for a beloved pet. Pets are put under for dental cleanings for their safety and so that they can receive a comprehensive cleaning experience. Dental disease can impact the oral health and general health …

The post Town & Country Animal Hospital Offers Anesthetic Pet Dental Cleanings to Support Oral Health appeared first on ForexTV.

May 01, 2017 at 12:47PM

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from Nasdaq NewsFeed

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Dollar edges higher as U.S. shutdown avoided

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May 01, 2017 at 12:46PM

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from Investing.com

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Sunday, April 30, 2017

WholeBoardDevelopmnt retweeted: Yes. Looking forward to #CGlive website and registrations being revealed to the world :) #corpgov http://twitter.com/Robert_Purse/s…

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Dr Peter Crow
@petercrow1

Yes. Looking forward to #CGlive website and registrations being revealed to the world 🙂 #corpgov http://twitter.com/Robert_Purse/s…

April 30, 2017 at 12:47PM

https://twitter.com/WholeBoardDev/status/858587456408621056

from WholeBoardDevelopmnt


Yes. Looking forward to #CGlive website and registrations being revealed to the world :) #corpgov http://twitter.com/Robert_Purse/s… Quoted tweet from @Robert_Purse: Good Governance is Good for your Organisation. Be part of the solution & join us at the GovernanceLive symposia in October.

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Dr Peter Crow
@petercrow1

Yes. Looking forward to #CGlive website and registrations being revealed to the world 🙂 #corpgov http://twitter.com/Robert_Purse/s…

Good Governance is Good for your Organisation. Be part of the solution & join us at the GovernanceLive symposia in October.

April 30, 2017 at 12:47PM

https://twitter.com/petercrow1/status/858586967394496512

from Dr Peter Crow


Part 365: One Take on the Report of the Independent Directors of Wells Fargo: Vote the Bums Out http://ift.tt/2p40SFS via @HarvardCorpGov

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Malcolm Scott
@malcscot

Part 365: One Take on the Report of the Independent Directors of Wells Fargo: Vote the Bums Out http://ift.tt/2p40SFS via @HarvardCorpGov

April 30, 2017 at 12:47PM

https://twitter.com/malcscot/status/858586145697001472

from Malcolm Scott


WholeBoardDevelopmnt retweeted: What of the future? http://ift.tt/2qkOMIY #corpgov #ukgovchat #purpose

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QuarryGroup
@QuarryGroup

April 30, 2017 at 12:47PM

https://twitter.com/WholeBoardDev/status/858584425059274752

from WholeBoardDevelopmnt


10 Things in Tech You Need To Know Today [24– 29 April]

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As the week draws to an end, let’s recap the top 10 things that happened in the tech sector during the week.

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April 30, 2017 at 12:29PM

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from Kirti Sharma

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WholeBoardDevelopmnt retweeted: The latest CorpGov Today! http://ift.tt/1nAff2a Thanks to @alicekorngold #boardofdirectors

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Nell Minow
@nminow

The latest CorpGov Today! http://ift.tt/1nAff2a Thanks to @alicekorngold #boardofdirectors

April 30, 2017 at 12:47PM

https://twitter.com/WholeBoardDev/status/858583412675883008

from WholeBoardDevelopmnt


Gold Prices Slide as Market Jitters Subside- FED / NFPs to Steer

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Gold Technical Analysis: Rally Approaching Critical Resistance at 1278 W hat’s driving gold prices? Review DailyFX’s 2Q Gold Projections Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT Gold prices fell for the second consecutive week …

The post Gold Prices Slide as Market Jitters Subside- FED / NFPs to Steer appeared first on ForexTV.

April 30, 2017 at 12:40PM

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from Gold Editor

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I try to set up allround security startup!

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What my plan is I want to set up a new Allround security startup that offers cyber security, as well security service solutions, where cyber and physical …

April 30, 2017 at 12:25PM

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from

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Thanks for RTs & likes @jrgeert @WholeBoardDev @DrAlexMerendino @excellencia_ltd @phverhaeghe Let’s keep the #corpgov discussion alive.

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Dr Peter Crow
@petercrow1

Thanks for RTs & likes @jrgeert @WholeBoardDev @DrAlexMerendino @excellencia_ltd @phverhaeghe Let’s keep the #corpgov discussion alive.

April 30, 2017 at 12:47PM

https://twitter.com/petercrow1/status/858581927443390464

from Dr Peter Crow


Friday, April 28, 2017

Casac: SA’s current state due to systemic governance failures – Eyewitness News

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Casac: SA’s current state due to systemic governance failures
Eyewitness News
The Council for the Advancement of the South African Constitution (Casac) says not enough has been done to uphold all South Africans’ rights as set out in the Constitution. FILE: Lawson Naidoo of Save South Africa addresses a crowd outside Parliament …

and more »

April 28, 2017 at 12:54PM

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from

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What Does the CHOICE Act Mean for Credit Unions?

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Written by Brad Thaler, Vice President of Legislative Affairs

Happy Friday everyone! The Legislative Affairs team is taking over the Compliance Blog this morning to bring you updates on the Financial CHOICE Act – a piece of legislation that has gotten quite a bit of news recently. At nearly 600 pages, the Act contains dozens of detailed provisions – some NAFCU is in favor of, and some not. To save you the trouble of reading through the entire bill and enduring the portions that aren’t relevant to credit unions, I thought I’d write this blog to give you a brief summary of the salient parts, what to expect in the coming weeks, and what NAFCU is doing to make sure the bill helps your credit union.

But before we get started, I want to provide a bit of context. First introduced and passed in the House Financial Services Committee last year, the CHOICE Act is designed to replace large portions of the Dodd-Frank Act. Although the bill passed Committee last year, it never made it to a full House vote. Fulfilling his promise in this new Congress, Chairman Jeb Hensarling (R-TX) reintroduced the CHOICE Act on Wednesday as H.R. 10. This version contains several changes to last year’s version – hence the informal moniker, CHOICE 2.0.

NAFCU is supportive of the Financial CHOICE Act as it contains a number of regulatory relief provisions for credit unions.   Issues we are pleased to see covered in CHOICE 2.0 include:   

  • CFPB Reform – Although not likely to elicit bipartisan support, CHOICE 2.0 would (1) maintain sole director, but make him or her removable at-will; (2) limit rulemaking authority to enumerated statues; (3) repeal UDAAP authority; (4) repeal supervisory authority; (5) repeal the consumer complaint database; (6) restructure CFPB as a civil law enforcement agency; and (7) repeal mandatory advisory boards. The bill would also change the name of the CFPB to the Consumer Law Enforcement Agency (CLEA), tasking it with the dual mission of consumer protection and ensuring competitive markets, with cost-benefit analyses of rules.

Overall, NAFCU finds these changes to be favorable, with some note. NAFCU believes that a board structure provides the most advantageous mechanism for any agency to approve regulations since it ensures debate representative of multiple points of view.  Accordingly, NAFCU believes a commission structure is the ideal way to govern the CFPB.  NAFCU also believes that enforcement orders should not take the place of regulation.

  • Repeal of Durbin Amendment – The provision eliminating the Durbin interchange price cap and routing restrictions in the discussion draft is among the most significant aspects of this legislation for credit unions. We wrote to the Committee, strongly urging it to maintain the repeal language throughout the legislative process. We also urge credit unions to take action to express support for this provision.
  • Capital ‘Off-Ramp’ – This “off-ramp” would provide relief from the post-Dodd-Frank supervisory regime and Basel-like rules, i.e., Risk-Based Capital (RBC). So long as a credit union retains a 10 percent net-worth ratio, it will be exempt from RBC requirements and risk-weighting. NAFCU is in support of this much simpler capital framework, but we will continue to push the Committee to make more capital concessions for credit unions in recognition of their inability to raise capital in financial markets.
  • NCUA Transparency and Independent Oversight – The discussion draft creates many opportunities for appropriate oversight of NCUA. First, NCUA’s budget will have the opportunity to be reviewed in a budget hearing.  Second, an independent appeals process will be created for credit union exams.  Third, transparency regarding the overhead transfer rate will be ensured.
  • Cost-Benefit Analysis – NAFCU supports cost-benefit analysis, and in any final legislation wants to ensure that we have an effective regulatory environment where positive regulations may be easily implemented and negative ones may be quickly eliminated.
  • Mortgage Rule Relief – CHOICE 2.0 contains several provisions that would alleviate burdens from recent mortgage rules, including the Qualified Mortgage rule, HMDA, and TRID.

While NAFCU supports the legislation, there are some areas that we would like to see changed or improved upon as the bill moves through the legislative process.

  • Removal of NCUA being subject to Congressional appropriations – NAFCU feels is unnecessary given that credit unions fund the NCUA, and we would urge further revision of this provision to only require approval of NCUA budget increases above inflation.
  • Credit Union Exemption from CFPB Rulemakings – NAFCU would like to amend Sec. 1022 of the Dodd-Frank Act to explicitly detail that credit unions are a covered class for the purposes of CFPB’s rulemaking exemption authority. NAFCU’s proposed changes also ensure that the CFPB will take non-profit status into account when determining possible exemptions. Sec. 1022 is not currently contemplated in the CHOICE Act. This could also be address by adding the language of H.R. 1264, the Community Financial Institutions Exemption Act.  
  • 18-month exams – NAFCU would like to add language to clarify that NCUA should not interpret the CHOICE Act as curtailing the agency’s ability to establish exam cycles for credit unions over $1 billion in assets. The intent of the Act is to statutorily mandate an 18-month exam cycle for well-run federal credit unions under $1 billion in assets. However, NAFCU’s language would clarify that the agency maintains its current authority to determine exam cycles for federal credit unions not covered by the Act. 
  • 1-4 MBL Exemption – NAFCU has suggested pairing this language with the Thrift Charter Flexibility provision found in the bill, as that language would give thrifts relief from their business lending cap.
  • Underserved Areas – NAFCU has suggested adding language from the Financial Services for the Underserved Act which would clarify the ability for credit unions of all types to seek to add underserved areas to their field of membership.

You can read our letter commenting on the bill here.

The Committee held a hearing on the bill on Wednesday, and is holding another one at the request of Committee Democrats this morning.  A Committee mark-up of the bill is expected to commence Tuesday, May 2.  We expect that the mark-up will be a partisan fight, with Chairman Hensarling ultimately able to report the bill to the full House on a party-line vote.  The measure is then expected to come before the full House for consideration by mid-to-late May.

The 2.0 version of the Financial CHOICE Act is a broad package of reforms offered by Chairman Hensarling.  It is unlikely to garner any Democratic support, and it is possible that some Republicans will seek changes to the legislation throughout the process as well.  It remains unlikely that the Financial CHOICE Act will be considered by the Senate in its current form, as Senate Banking Committee Chairman Mike Crapo (R-ID) has indicated that he would like to find a relief package that can draw some Democratic support so it can get the 60 votes needed to avoid a filibuster on the Senate floor.  You may recall that NAFCU just submitted a list of regulatory relief and economic growth ideas to the Senate Banking Committee earlier this month.  It is expected that Chairman Crapo will work on his own bill later this year based on what he thinks will get the necessary votes in the Senate. 

Should the Senate pass a relief package, we would then likely see a House-Senate conference on relief ideas to determine whether an agreement is possible.  To win passage in both chambers, any final measure would likely have to be much more limited in scope. It is important to recognize that there are still a number of steps in the process before we get there.

I can assure you that NAFCU remains committed to seeking regulatory relief for credit unions through all possible channels, both legislative and regulatory.  We also welcome your feedback and thoughts on the new CHOICE Act and any legislative proposal affecting the credit union industry.  Please feel free to reach out to me at bthaler@nafcu.org with your thoughts.

 

 

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April 28, 2017 at 12:45PM

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from NAFCU

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