NCUA Board votes on RBC2 today

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA Board will vote on its final risk-based capital rule during its open meeting today. If approved as proposed, the rule is expected to take effect Jan. 1, 2019.NAFCU has consistently opposed this rulemaking and urged withdrawal, and it has strongly urged the agency to consider the impact the rulemaking will have on the credit union industry – in particular the regulatory burden and costs it will impose on an already extremely well-capitalized industry.NAFCU continues to work in support of H.R. 2769, a bill that would require NCUA to review RBC2 and report back to Congress on the agency’s authority to issue a two-tier, risk-based-capital rule and the impact it would have on credit unions and their members.Earlier this month, that bill cleared the House Financial Services Committee in a bipartisan vote of 50-9. Its sponsors, Reps. Stephen Fincher, R-Tenn., Bill Posey, R-Fla., and Denny Heck, D-Wash., urged NCUA last week to voluntarily undertake the study before moving forward on RBC2. NCUA Chairman Debbie Matz said in a letter Thursday that the agency will submit a report on RBC2 issues “shortly after” the board meeting today. This week, House Financial Services Chairman Jeb Hensarling, R-Texas, wrote NCUA Chairman Debbie Matz noting the committee vote and urging again that the agency not move forward with a final rule before further study can be done. continue reading »last_img read more

Census question could hurt all of us

first_imgMore from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsSchenectady, Saratoga casinos say reopening has gone well; revenue down 30%Schenectady High School senior class leaders look to salvage sense of normalcyEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Find a way to get family members into nursing homes Categories: Letters to the Editor, Opinion When Commerce Secretary Ross announced that the census questionnaire will include a question about citizenship in the 2020 census, he made a decision that will have a negative impact on residents of the Capital Region and in communities around this country. It might seem like an innocuous question, but it is likely to cause fear in the immigrant community and result in substantial undercounting.Many resource allocation decisions are made on the basis of census data. Money for public safety planning and disaster response, education needs, hospitals, veterans’ assistance, transportation, aid to cities, and much else is allocated at least partially by how many people live where. Our business developers use  census data to choose where and how to invest. Undercounting makes all these decisions less efficient, and thus harms us all.The League of Women Voters of Schenectady County calls on our local officials to speak out and oppose the citizenship question in the 2020 census. We must send a strong message to have Congress reverse this decision and remove the citizenship question from the census. The stakes are too high to allow this unnecessary question to derail the count.Cheryl NechamenSchenectadyThe writer is president of the League of Women Voters of Schenectady County.last_img read more

Playtech confident of countering Asian headwinds to meet 2018 targets

first_img StumbleUpon Share Plus500 named as the main sponsor of Legia Warsaw August 10, 2020 Submit Related Articles GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 Share FTSE250 gambling technology group Playtech Plc has this morning published its latest trading update informing investors that the company is on track to deliver its 2018 expected EBITDA range of €320-360 million.Issuing a short market guidance, Playtech governance details that its B2B Gaming Division continues to trade in line with the trends reported for its interim results in August, generating good revenue growth outside of Asia.The technology group informs that Asian market revenues have stabilised at an annualised run-rate of approximately €150 million.Supporting its stable B2B performance, Playtech reports a continued positive momentum for its enlarged B2C division, which has incorporated new Italian gambling asset  Snaitech – a transaction completed during the Q2 2018 trading for approximately €850 million.During the trading period, Playtech governance restructured the firm’s financial position, offloading its 10% shareholding in Plus500 (transaction £185 million) alongside further completing a new €530 million bond offering.Proceeds from Playtech’s transactions will be used to bridge facilities used for the acquisition of Snaitech and to pay back further deal-related costs.last_img read more

Smog in Delhi Alarms Diplomatic Community

first_imgThe toxic smog and the high pollution level of Delhi has alarmed the diplomatic community residing in the national capital. Envoys of various countries urged External Affairs Ministry officials recently to request the government to address the concerns.“The diplomatic community had asked me to share some of our concerns with officials of the Ministry of External Affairs, about air pollution in New Delhi, and how it is affecting the inflow of tourism from some of our countries and the daily operations of some of the Missions,” Frank Has Dannenberg Castellanos, the ambassador of Dominican Republic to India, who has been the dean of diplomatic corps of around 150 foreign missions in Delhi for the last two years, said, according to reports.The diplomat noted that this is an issue that affects not just the diplomat community but the residents of the capital city as well. “We all breathe the same air,” he said.Chief of Protocol Sanjay Verma of Ministry of External Affairs took note of the concerns. “The unusual deterioration in the quality of air is a product of multiple causes, most of which are indeed domestic, but have also been aggravated by a dust storm from a distant geography,” he said, alluding to the dust storm that hit Iraq, Kuwait and Saudi Arabia, and was said to have contributed to the worsening of the Delhi smog.He also assured Castellanos that several new pro-active actions are being considered by the government to tackle the problem.While air purifiers have been a fixture at the offices of the diplomats, many of them have also started installing it at home. “Not every embassy can afford to buy purifiers. And how many can one buy? With quality of life going down with air quality, this will become a hardship posting,” a diplomat told the New Indian Express.Thai ambassador Chutintorn Gongsakdi had, in fact, written to his headquarters, asking for Delhi to be designated as a hardship posting, which is a diplomat category for sensitive and conflict-ridden areas. Many countries pay hardship allowance to officials serving in such countries. “The efforts of embassies are to seek additional measures from our own governments,” the ambassador, the New Indian Express reported.The envoy of Costa Rica to India, Mariela Cruz Alvarez, relocated to Bengaluru to recuperate from respiratory illness caused by the toxic Delhi air. Her blog post about her relocation, which later went viral, said, “We need to wake up fast. India I love you and it hurts me to see you drowning in loads of plastic and toxic air.”Verma, meanwhile, said that the conditions affecting India are historically not unique to the country alone. “These challenges are by-products of rapid economic growth and development, and are known to have affected several countries. We are committed to dealing with this issue, including learning from best practices emerging from countries that have traversed this experience,” he added. Related ItemsDelhiPollutionSmoglast_img read more