Crapo calls on regulators to support FIs facing higher balance sheets

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr This is placeholder text continue reading » Senate Banking Committee Chairman Mike Crapo, R-Idaho, last week sent a letter to NCUA Chairman Rodney Hood and other financial institution regulators calling on them ensure credit unions and banks have the flexibility to meet members’ needs amid the coronavirus pandemic.Crapo highlighted that financial institutions stepped up to support struggling small businesses through the paycheck protection program (PPP), which caused the institutions to “inadvertently experienced significant balance sheet growth.” While this growth is expected to decline as PPP forgiveness begins, “many banks and credit unions may now unexpectedly face surpassing certain asset-based regulatory thresholds.”“Crossing these thresholds would entail new, expensive and burdensome regulatory requirements to which they would not have otherwise been subject,” Crapo wrote. “Banks and credit unions must not be deterred from continuing to play a key role in the recovery and must maintain ample flexibility to serve customers and work with those affected by the pandemic.“As each of your agencies continue taking actions to provide liquidity to the marketplace and support lending to households and businesses, I urge you to use your discretion to minimize the regulatory impact on banks and credit unions resulting from their participation in the PPP,” he concluded.center_img This post is currently collecting data…last_img read more

Croats pay 90% more for contactless than last year, in Europe almost 50% for contactless transactions

first_imgThe strong penetration of contactless technology, which is the most widely accepted form of electronic payment in the history of Europe, continues, and so almost one of the two transactions in European stores is now contactless. A new survey by Mastercard showed that contactless payments recorded significant growth in Croatia as well – in the first eight months of 2018, 90% more contactless transactions were conducted than in the same period last year. The rapid growth in the use of contactless technology is also present throughout Europe, with a 97% increase in contactless transactions compared to last year. In more than 15 key European markets – including the markets of Croatia, Denmark, Greece, Hungary, the Netherlands, Poland and Russia – contactless transactions account for more than 50% of all in-store transactions. In Croatia, 54% of transactions in August 2018 were contactless, according to Mastercard data, and they state that Poland is the absolute leader of this trend with over 80% of contactless transactions in 2018.The cashless economy is also being adopted by many other European countries – people are abandoning the cash payment method and adopting contactless technology.”These results clearly show that Europe is a leader in a contactless revolution. In addition to ease of use and convenience, users are looking for security and protection when it comes to payment technology. With the increase in the use of contactless payment methods, there is an increase in trust and thus more and more the user considers it contactless technology just as secure or more secure than traditional forms of payment. ” pointed out Sanja Žigić, director of Mastercard in Croatia. One of the main areas driving the growth of contactless transactions across Europe is transport systems. The number of users who use contactless payment methods in public transport is constantly growing.The main question is where is our tourism in this whole story? Mobile payments or contactless payments must be an imperative for us in our tourism. In addition to giving a clear message that we are following new trends and increasing tourist spending, the most important thing is that we respond to the needs of the market and tourists. By the way, the Google Pay service was recently enabled in Croatia, and we know that the mobile phone is the only item that cares about us today. Who more wants to carry paper money to the beach? Thinking about changing money for our currency? Paying with cards and mobile phones facilitates the whole process, increases tourist spending because we know that the psychology behind card payments works to increase spending, and gives some freedom to tourists because they do not have to think about money in the wallet.last_img read more

Install Lock 7 gates to alleviate flooding

first_imgIs Lock 7 dam the cause of Stockade flooding?I attended part of the March 23 Watershed Symposium at Union College and learned that the Lock 7 dam in Niskayuna lacks release-gates and thus causes most of the flooding we experience in the historic Stockade. The canal dams upstream are liftable, either partially or fully, giving them the ability to release excess water and also reduce the threat of ice-jamming. It is this “pooling of water” at Lock 7 that causes most of our flooding. Can New York state own this engineering mistake and move toward correcting it?Susan DuFourSchenectadyMore from The Daily Gazette:Schenectady department heads: Budget cutbacks would further stress already-stretched departmentsSchenectady, Saratoga casinos say reopening has gone well; revenue down 30%Schenectady NAACP calls for school layoff freeze, reinstatement of positionsMotorcyclist injured in Thursday afternoon Schenectady crashSchenectady man dies following Cutler Street dirt bike crash Categories: Letters to the Editor, Opinionlast_img read more

German prosecutors open Wirecard money laundering probe

first_imgWirecard filed for insolvency last month owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.”We are investigating suspected money laundering,” a spokeswoman for the Munich prosecutor’s office said.She said the inquiry was directed at individuals at Wirecard after a number of criminal complaints this year and last. She did not name the individuals, nor say how many were being probed. She also did not identify the complainants.Irish police said in a statement they began a search at a financial services provider in Dublin to obtain evidence concerning alleged fraud at the institution and its subsidiaries on the request of German authorities. A spokeswoman for the police declined to identify the firm.Wirecard declined to comment on the investigation and reports of the raid of its Dublin office. The Munich prosecutors also declined to comment on the reported Irish raid.Wirecard started out handling payments for gambling and adult websites before expanding to process payments for companies including Visa and Mastercard.Some of the world’s biggest investors held its shares before a whistleblower said it owed its success to a web of sham transactions.Topics : German state prosecutors are investigating individuals at Wirecard for suspected money laundering, they said on Thursday, adding to probes into alleged fraud, balance falsification and market manipulation at the collapsed firm.The Irish Times also said the company’s offices in Dublin had been raided by police at the request of German authorities.The implosion of what was once a $28 billion fintech giant has caused major embarrassment in Germany, with industry experts and politicians criticizing the authorities for what they see as their hands-off approach and a number of missed opportunities to spot problems.last_img read more

Freddie Ljungberg immediately promotes Arsenal youngster to first team squad after replacing sacked Unai Emery

first_imgAdvertisement Comment Metro Sport ReporterFriday 29 Nov 2019 2:48 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link6kShares Freddie Ljungberg immediately promotes Arsenal youngster to first team squad after replacing sacked Unai Emery Advertisement Freddie Ljungber took training for the first time this morning following the sacking of Unai Emery (Picture: Getty)Freddie Ljungberg took charge of Arsenal’s first team training session for the first time since replacing Unai Emery on a interim basis.The club legend, who was promoted to the Spaniard’s backroom team during the summer, was given his marching orders less than 24 hours after a miserable home defeat against Eintracht Frankfurt in the Europa League.Emery arrived for training at London Colney as usual but was informed of the club’s decision by head of football Raul Sanllehi and technical director Edu, who earlier this month handed the former PSG and Sevilla coach a vote of confidence.AdvertisementAdvertisementArsenal travel to Norwich on Sunday looking to revive their flagging Premie League form which sees them already eight points adrift of the top four having won just four of their opening 13 fixtures.ADVERTISEMENTLjungberg enjoyed success with the club’s increasingly successful Under-23 side and has been credited with playing a key role in the development of emerging youngsters Joe Willock, Reiss Nelson and Bukayo Saka, all of whom have made an impact at first team level this season. Tyreece John-Jules took part in first team training for the first time this season following Freddie Ljungberg’s promotion (Picture: Getty)The Swede is also said to be a big admirer of teenage striker Tyreece John-Jules who trained with the senior squad for the first time this season on Friday morning.John-Jules had been prolific for the Under-23 team this season before undergoing a hamstring injury which ruled him out for several weeks.Ljungberg is understood to have spoken to the players following Emery’s dismissal and reinforced a message of unity and later took to Twitter, insisting he would do everything within his powers to put smiles back on the faces of supporters.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalHe said: ‘However long I oversee Arsenal for I will give everything, I have to put smiles on faces again.‘We have a busy few weeks ahead and the team needs your support. Let’s get to work!’Who should be Unai Emery’s permanent replacement at Arsenal?Freddie Ljungberg0%Mauricio Pochettino0%Mikel Arteta0%Carlo Ancelotti0%Nuno Espirito Santo0%Share your resultsShare your resultsTweet your resultsMORE: Granit Xhaka accused of lying to Arsenal boss Unai Emery about injuryMORE: Granit Xhaka accused of lying to Arsenal boss Unai Emery about injurylast_img read more

Banyo’s jaw-dropping shipping container extension

first_imgThe grooves of the shipping container walls adds to the industrial design.Ms Gogan said it was a learning curve for both of them, spending hours after work and on weekends over about 18 months working on the build.“I got on the tools as well and learned a lot, (and) we worked really well together.” An open-plan kitchen, living and dining space is made of shipping containers.The 40 Jensen Rd property was once an old worker’s cottage but has since been transformed into a residence Ms Gogan describes as “modern industrial”.“We thought it was a cool idea and Sam would rather work with steel than timber,” Ms Gogan said.“It was a bit of a risk at the start (but) we gave it a crack and it’s come up well.”More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago The master bedroom has polished timber floorboards.The original home exists upstairs, with the couple keeping two of the bedrooms.There are sealed concrete floors, floating stairs, custom steel industrial doors and timber screening. The floorplan of 40 Jensen Rd, Banyo. The kitchen is Ms Grogan’s favourite room.She said her favourite room of the home was the kitchen, which is in one of the shipping containers that extends out of the rear of the property.“There’s a lot of room so all our friends can come over and we can have a barbecue and a few drinks.“The shipping container doors open out (and) Sam built the sliding doors … so it’s all very open.”center_img The home at 40 Jensen Rd, Banyo, is for sale.HOLY ship — it’s made of shipping containers.This north Brisbane house is partially made of two shipping containers, making up the back part of the property. The modern industrial vibe continues through the bathroom.The home is equipped with smart technology, with fingerprint recognition and fob entry, along with ducted airconditioning and lighting controlled through a smartphone.The property will go to auction on August 25, at 1.30pm. The home at 40 Jensen Rd, Banyo, has been completely transformed.Inspired by a home built from 31 shipping containers at Graceville, Chelsea Gogan and Sam Porter thought they would give the same concept a go when renovating a house at Banyo.last_img read more

Miami, ND meet in conference play

first_img Associated Press February 22, 2020 ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Miami, ND meet in conference playcenter_img SAVVY VETERANS: Both of these teams have relied heavily on their seniors this year. John Mooney, T.J. Gibbs, Prentiss Hubb and Juwan Durham have collectively accounted for 66 percent of Notre Dame’s scoring this season. For Miami, Dejan Vasiljevic, Kameron McGusty, Rodney Miller Jr. and Sam Waardenburg have combined to account for 53 percent of all Miami scoring.KEY CONTRIBUTOR: Hubb has had his hand in 44 percent of all Notre Dame field goals over the last three games. The sophomore guard has 14 field goals and 17 assists in those games.WINLESS WHEN: Miami is 0-7 when scoring fewer than 63 points and 14-5 when scoring at least 63.STREAK STATS: Notre Dame has won its last four home games, scoring an average of 81.8 points while giving up 75.DID YOU KNOW: The Notre Dame offense has recorded a turnover on only 14.1 percent of its possessions, which is the lowest rate in the country. The Miami defense has forced opposing teams to turn the ball over on just 17.8 percent of all possessions (ranked 274th among Division I teams). Share This StoryFacebookTwitteremailPrintLinkedinRedditMiami (14-12, 6-10) vs. Notre Dame (16-10, 7-8)Purcell Pavilion at the Joyce Center, Notre Dame, Indiana; Sunday, 6 p.m. ESTBOTTOM LINE: ACC foes meet as Miami takes on Notre Dame. Both programs are coming off of victories in their last game. Notre Dame earned a 77-76 win at home against North Carolina on Monday, while Miami won 102-95 in overtime at Virginia Tech on Wednesday.last_img read more

Liverpool boys, C-NS girls bowlers earn early-season wins

first_imgDevin Roberson posted three 200-plus games in his 645 set as Josh Winzens got games of 230 and 223 in his 623 series. Brandon Davis had a 604 series, just ahead of the 600 from Deacon Roberson that incldued a 235 opening game. Mitch Donaldson led Fulton with a 628 series.By contrast, in the Liverpool girls 3-0 defeat to Fulton, Makenzi Ormsby shot a 463 series, with Mackenzie Gill (425 series) just ahead of Dominique Cimini and Ashley Hardy (413 series each), but they were all behind the Red Raiders’ Alexis Ingersoll, who shot games of 268, 234 and 226 on her way to a 728 series.In its season opener last Tuesday, the C-NS girls blanked Central Square 3-0 at Strike-N-Spare Lanes. Katie Cloonan shot a 202 game on her way to a 572 series, tops among individuals. Helping out, Kathryn Artz had a three-game total of 425, while Jessaia McGriff had a 344 series. To pace the Redhawks, Victoria Ackley had a 455 series and Katie Fredenburg added a 416 series.In the boys match, C-NS lost, 2-1, to Central Square, not quite able to overcome a 727 series and 278 high game from the Redhawks’ Dimitri Queior and the 628 from Kevin Radziseski.A 594 series, with games of 214 and 200, from Kyle Patterson led the Northstars as Tyler Dottolo’s 223 game led to a 585 set. Landon Spingler, shooting a 538 series, was one pin ahead of the 537 from J.J. O”Connell.C-NS bowled again on Thursday against Auburn at Falcon Lanes, and the boys match again was a close one, but this time the Northstars won 2-1 to even its mark at 1-1 overall.Helped by a 266 game, Patterson finished with a 674 series. Dottolo’s 256 game was part of a 629 set as O’Connell had a 606 series and Spingler a 565 set. All of this helped overcome Auburn’s Matt Mosher and his 723 series that included a high game of 268, plus 239 and 216.On the girls side, theNorthstars lost 3-0 to Auburn, even though Cloonan shot a 600 series and had a high game of 237. McGriff added a 199 game and 512 series.Meanwhile, the Maroons’ Kaylee Hodson tore it up with a 734 series that included games of 258, 243 and 233. Hodson’s teammate, Amber Pidlypchak. added a 603 series.Share this:FacebookTwitterLinkedInRedditComment on this Story Tags: bowlingC-NSliverpoolcenter_img Another season is underway for the bowling teams at Liverpool and Cicero-North Syracuse, with each of them keen on chasing Salt City Athletic Conference Metro division and Section III honors.It was a tough opening assignment for the Warriors, having to face powerhouse Fulton last Wednesday at Flamingo Bowl, but the Liverpool boys were able to earn a 3-0 sweep of the Red Raiders.Consistency was the story as five Warriors bowlers shot 600 or better series, led by Zak Ormsby, whose 653 series included a high game of 255.last_img read more

Joseph drafted by Boston in second round with 51st overall pick

first_imgFormer Syracuse forward Kris Joseph will join teammate Fab Melo in Boston after being drafted by the Celtics in the second round of the 2012 NBA Draft Thursday night.Joseph was taken with the 51st overall pick while Boston selectedMelo with the 22nd pick in the first round.Joseph was the Orange’s leading scorer last season, averaging 13.4 points per game. During his time with SU, the forward was a consistent scorer and gave opposing team fits with his athleticism and length on the defensive end of the floor in Syracuse’s 2-3 zone.He shot 42.1 percent from the field his senior season, and 34.5 percent from beyond the 3-point line. Joseph also finished with 4.7 rebounds per game.The Montreal native is the second small forward from Syracuse to be drafted in the last two years, following his predecessor Wes Johnson, who was taken by the Minnesota Timberwolves with the fourth overall pick of the 2010 draft.AdvertisementThis is placeholder text Comments Facebook Twitter Google+ Published on June 29, 2012 at 10:23 am Contact Chris: cjiseman@syr.edu | @chris_isemanlast_img read more

Western Connecticut running back McKoy sets single-game rushing record

first_imgOctavias McKoy found his speed playing flag football when he was 4 years old. Even then, he was rarely stopped.He carried that with him through college and into his record-setting 455-yard day.On Saturday, McKoy, a senior running back at Division III Western Connecticut State University, broke the NCAA single-game rushing record in a 55-35 win against Worcester State. He carried the ball 43 times and scored five touchdowns on runs of 15, 1, 41, 53 and 71 yards. He couldn’t be stopped.“There won’t be another game where he doesn’t get the ball at least 25-30 times,” Western Connecticut head coach Joe Loth said.The previous mark, 441 yards, was set by Dante Brown of D-III Marietta College in 1996.AdvertisementThis is placeholder text“They’ve been playing college football since 1869 and nobody in its history has rushed for more than he has in a game. No one. Not in 130 years,” Loth said.At the end of the first half at Worcester, McKoy had already rushed for more than 200 yards, exceeding his single-game numbers from earlier in the season. And he more than doubled that number by the end of the game, despite being taken out halfway through the fourth quarter.The total distance he ran on Saturday spanned four and a half lengths of the field.“No one was thinking about any records,” McKoy said. “I just focused on staying hydrated, drinking Gatorade and keeping myself fresh so I could just keep running.”McKoy came out of Stratford (Conn.) High School as an unranked recruit, but it was because of his academics, not for a lack of talent, Loth said. McKoy planned to accept a scholarship from Iowa, but he didn’t qualify academically and bounced around a couple of junior colleges before landing at Western Connecticut.Now McKoy’s team is 5-2. And with only two games left, it will have its first winning season since 2005.“There’s more that goes into it than just me,” he said. “My offensive line, my coaches, they all do a great job for me. Everyone is making great blocks.”During the third week, McKoy was splitting carries with another running back on the team. But after posting more than 150 yards on about 19 carries in back-to-back games, he saw a lot more playing time, Loth said.Since then, McKoy has averaged about 10 yards a carry and has rushed for at least 150 yards in each of the following four games.Two weeks before playing Worcester, McKoy ran for 372 yards. The week after that, he rushed for 226. He had been building up to the record-breaking game, said Eric Yates, Western Connecticut’s running backs coach. It wasn’t just a “one-game-wonder.”“This kid has a wolf mentality. He is bred for football,” Yates said. “His commitment to the game is unreal.”Since Saturday’s game, McKoy has been recognized as the Massachusetts State Collegiate Athletic Conference Offensive Player of the Week, theBeyond Sports Network Athlete of the Week and was interviewed on ESPN’s SportsCenter on Tuesday night.What he didn’t know — until being asked about it — was that he had been nominated for the network’s Capital One Cup Impact Performance of the Week award, an honor typically reserved for Division I players.“That’s an honor right there,” McKoy said. “As a child, you grow up always thinking, ‘I want to be on SportsCenter.’” Comments Published on October 31, 2013 at 1:10 am Contact Joe: jtinfant@syr.edu | @joeinfantino Facebook Twitter Google+last_img read more