Representatives write to CFPB about concerns with payday proposal

first_imgA bipartisan group of Representatives, including multiple members of the House Financial Services Committee, wrote to Consumer Financial Protection Bureau (CFPB) Richard Cordray expressing concerns about the bureau’s short-term, small-dollar loan proposal. The legislators expressed fears, shared by CUNA, that the proposal has the potential to “severely restrict access” to credit, and asked the bureau to work with stakeholders to craft a final rule that protects both consumers and their access to credit.“We all encourage rules that serve to weed out and punish those that take advantage of consumers,” the letter reads. “Yet, with this proposed rule, in an effort to keep unscrupulous actors out of the industry, the CFPB will simultaneously be harming the very consumers it is trying to protect by significantly reducing their ability to access the credit they desperately need.”The CFPB introduced its proposal earlier this year, and CUNA is concerned that the overly broad rule will effect consumer-friendly credit union loan products, as well as other loan products that would fall within the rule’s scope.Comments on the proposal are due Oct. 7, and CUNA is urging credit unions to make sure they submit comments to the CFPB highlighting ways consumer-friendly products will be negatively impacted. continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Brazil sees record daily coronavirus cases, official says outbreak under control

first_imgBrazil reported a record 34,918 new coronavirus cases on Tuesday, the same day that one of the senior officials leading the country’s widely criticized response to the crisis said the outbreak was under control.Brazil, the world’s No. 2 coronavirus hotspot after the United States, is fast approaching 1 million cases, although experts say the true number is likely higher due to patchy testing. Brazil also registered 1,282 COVID-19 deaths since its last update on Monday, the Health Ministry said, bringing confirmed fatalities in the country to 45,241.Walter Braga Netto, the head of the office of the president’s chief of staff, known as Casa Civil, and one of the top officials handling the crisis, said it was under control. “We are not seeing transmission slowing down” in Brazil, Etienne said.PAHO recommends that Brazil and other regional countries strengthen social distancing and urged that reopening of the economy be done slowly and carefully.Brazilian President Jair Bolsonaro has long opposed social distancing measures, and many of the country’s states are re-opening for business even though the outbreak remains severe. Topics :center_img “There is a crisis, we sympathize with bereaved families, but it is managed,” said Braga Netto, who spoke during a webinar held by the Commercial Association of Rio de Janeiro.Braga Netto said Brazil’s deaths-per-million-people figure was better than that of Belgium, Spain, the United Kingdom, Italy and France. As such, the Army general said he “was trying to convey a message of optimism in the management of the crisis.”His optimism was not shared by the World Health Organization’s regional director.Pan American Health Organization (PAHO) Director Carissa Etienne said in a video briefing from Washington that Brazil is a major concern. Latin America’s largest country accounts for about a quarter of the roughly 4 million coronavirus cases in the Americas and nearly 25% of the deaths, she said.last_img read more

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Mount Gravatt East house provides idyllic family lifestyle

first_imgThe house has street appeal.“My husband and I had just got married and we needed a first home,” Mrs Moller said.“We wanted a timber home, and that post-war style is what we really liked.“So we added new carpet, painted walls and renovated the bathroom.”The facade of the house is aesthetically pleasing, with a landscaped front yard and a classic weatherboard exterior. The lounge room at the house.In just more than three quick years, they brought three little daughters into the home and while they enjoyed their time in the property, it is now time for them to upsize.“It was our first home with our babies, so it is a hard sale,” Mrs Moller said.“I think we are going to a brick home so we will miss the style.“We love that style of house and the area as well.” More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoThe dining room is brought into modern times by a feature light.Inside are sleek polished timber floorboards, french doors with rolled glass, detailed cornices and casement windows.Mrs Moller’s favourite room was an area toward the front of the house.“The sunroom out the front is just a great place to sit and enjoy the view,” she said.“It’s definitely my spot for the morning coffee.” The sunroom is Mrs Moller’s favourite.EMMA and Greg Moller were first home buyers when they laid eyes on this Mount Gravatt East house.The couple entered the property market shortly after their wedding and the renovation of the three bedroom house at 127 Grenfell St was short, yet sweet. The kitchen suits the house, and there are polished floors.She said the location of the house had been great for bringing up a family.“It is very central and everything is very close.“It’s great for kids with lots of parks around, and we found there are many other young families in the neighbourhood.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51last_img read more

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Gymnastics Club receives $1,500 donation through Live It! Active

first_imgThe North Peace Arena was scorched by a fire in July 2015, which left the Gymnastics building unusable. FORT ST. JOHN, B.C. — The North Peace Gymnastics Club has received a donation of over $1,500, raised through The Moose FM and Fort St. John Co-op’s Live It! Active Challenge.Moose FM owner/manager Adam Reaburn presented recreation coordinator Chantelle Yates with the cheque of $1,577.87 on Wednesday.Yates said the club has also received almost $2,000 in other donations, but still doesn’t know what is happening with the building. In the meantime, the club has been using a room in the Stonebridge Hotel to practice.- Advertisement -“We’re still waiting to hear from the city, and they’re waiting on the insurance to let them know what’s happening with our old building,” she said.The club was first allowed to stay with the Stonebridge Hotel until June, but that has been extended until August, Yates confirmed.“We’re hoping by the end of August to have some answers,” she added.Advertisementlast_img read more

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