December 17

Compliance: Effective dates for CFPB’s payday rule

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » CUNA’s Compliance team has received a number of questions regarding which provisions of the Consumer Financial Protection Bureau’s short-term, small-dollar (payday) loan rule are delayed and which will become effective in August.In response, staff has created a CompBlog entry detailing the effective dates.The CFPB finalized the payday rule in November 2017, and it addresses two separate topics:Mandatory Underwriting Provisions, which cover the underwriting of payday loans, most notably an ability-to-repay determination requirement; andPayment Provisions, which establish requirements and limitations for lenders to attempt to withdraw payments from member accounts in ways that could deviate from what the borrower expects or result in excessive fees.A June 6 final rule from the CFPB delays the compliance date for most of the Mandatory Underwriting Provisions to Nov. 19, 2020 (they were originally set to go into effect Aug. 19 of this year).last_img read more

September 26

Airbus and AirAsia announce record deal for 200 planes

first_imgLifestyleTravel Airbus and AirAsia announce record deal for 200 planes by: – June 23, 2011 Share Sharing is caring! Share 27 Views   no discussionscenter_img Share Tweet Airbus chief executive Tom Enders said he was proud to be AirAsia’s partnerAirbus piled up the orders at the Paris air show as it announced the largest single order of commercial aircraft in history.Malaysia’s low-cost carrier AirAsia is buying 200 of the A320neo jets, in a deal worth about $18bn (£11bn).That eclipsed a deal on Wednesday, when India’s IndiGo confirmed an order for 180 planes from Airbus.The new versions of the A320 are in demand as their new engines make them more fuel-efficient and cheaper to run.The AirAsia deal, worth about $15.6bn, is for 150 A320neos and 30 A320s. It is confirmation of a memorandum of understanding the two companies signed in January this year.‘Historic deal’ Airbus said that the AirAsia deal made the Malaysian carrier its biggest airline customer for its single-aisle product line.Altogether, AirAsia has now placed firm orders for 375 aircraft from the A320 family, with 89 already in service.“With this historic deal, AirAsia has secured its future with the ability to meet the huge growth potential offered by the Asian market,” said Tony Fernandes, chief executive of AirAsia.Airbus, owned by EADS, has left rival Boeing far behind in terms of orders at the event, as high fuel costs increase the demand for more fuel-efficient aircraft.It has taken firm orders for 586 aircraft, worth about $55.8bn, with a further $29.5bn in provisional orders. Boeing, meanwhile, has taken firm orders for just 47 planes, worth $7.5bn, with another $14.9bn placed in provisional orders.Other manufacturers have also been signing contracts with airlines at the show.Canada’s Bombardier has received firm orders for 36 planes, with options for airlines to buy up to 26 more.Russian-Italian joint venture Superjet International has signed a provisional deal to sell 12 Superjet 100 airliners to Italian carrier Blue Panorama Airlines for $370m.The company, jointly-owned by Russia’s Sukhoi and a unit of Italy’s Finmeccanica, has 170 firm orders to date and delivered its first aircraft earlier this year.Boeing’s dilemma Airbus estimates it has sold more than 700 A320neo jets so far. “There is a possibility that we will be at 1,000 by the end of the show,” said Airbus sales chief John Leahy.According to the BBC’s aerospace industry specialist, Jorn Madslien, the A320neos are proving popular because their two new engines are 15% more fuel efficient and 30% cheaper to maintain than current models.But Airbus’ success leaves Boeing with a very tough dilemma, our correspondent at the air show says.The US planemaker’s A320 rival is the 737, but the plane is very low, so fitting modern, fuel-efficient engines under its wings would be a tight squeeze.Making it happen would require a new undercarriage, which is costly and difficult, as well as time-consuming, he says.BBC Newslast_img read more

August 13

Bolt wins unprecedented sixth Athlete of Year award

first_imgHe had been up against Briton Mo Farah, who claimed a historic Olympic double-double in the 5000m and 10,000m, and South African Wayde van Niekerk, whose Olympic gold medal-winning run in the 400m also eclipsed the world record set by Michael Johnson.In the female category, Almaz claimed the title after smashing the 10,000m world record in Rio.Picking up brilliantly where she left off in 2015 as the world 5000m champion, 25-year-old Almaz proceeded to rewrite the all-time lists in the 5000m.After a 14:16.31 performance in Rabat, she threatened the world record with a 14:12.59 run in Rome, the second-fastest performance of all time.That momentum continued in late June at the Ethiopian Olympic trials for 10,000m where she triumphed in 30:07.00, the fastest ever debut over the distance.In Rio she went faster still, opening the Olympic athletics programme with a stunning 10,000m world record of 29:17.45 that knocked more than 14 seconds from a record set 23 years earlier.At 5000m, Almaz took Olympic bronze and won the Diamond Race.She beat off competition from Jamaican Elaine Thompson, who won golds in the 100 and 200m in Rio before helping Jamaica to a silver medal in the 4x100m relay, and also Polish Olympic hammer champion and world record holder Anita Wlodarczyk.Share on: WhatsApp Jamaica’s Usain Bolt (2ndL) reacts after he crossed the finish line head of USA’s Justin Gatlin (R), Canada’s Andre De Grasse (L) and France’s Jimmy Vicaut to win the Men’s 100m Final during the athletics event at the Rio 2016 Olympic Games at the Olympic Stadium in Rio de Janeiro on August 14, 2016.  AFP PHOTOMonaco, Principality of Monaco | AFP | Sprint king Usain Bolt won an unprecedented sixth IAAF male Athlete of the Year award on Friday, Ethiopian Almaz Ayana picking up the female award after her record-setting 10,000m gold in Rio.“I live for the moments I walk into the stadium,” said Bolt, who will retire next year. “I love competing, I dream of being in the stadium competing against the best.Bolt, previously winner in 2008, 2009, 2011, 2012 and 2013, was rewarded for another blistering season that saw him claim three gold medals (100m, 200m and 4x100m relay) at the Rio Olympics for the third consecutive Games.The 30-year-old dominated the 100m in 9.81sec and came back four days later with a 19.78sec victory in the 200m to secure a third straight Olympic title over both distances, a first.The following day he anchored Jamaica to victory in the 4x100m in 37.27sec, the fourth fastest of all time. His 9.81sec gold medal-winning performance in Rio was the second fastest in the world, his 19.78sec in the 200m the third fastest.Bolt ended his season unbeaten in six individual finals, having made history as the first athlete to win three consecutive Olympic triples.“It’s definitely a big deal,” Bolt said of the award.“When you get to be athlete of the year it means that all the hard work has paid off, so if I can win it for a sixth year means as much as the first one.”last_img read more

August 5

Transportation Commission to Recommend Next Steps on Road Usage Charging to…

first_imgFacebook15Tweet0Pin0Submitted by Washington State Transportation CommissionThe Washington State Transportation Commission will take action next week on policy recommendations to the Washington State Legislature on whether and when the state should consider implementing a Road Usage Charge (RUC) system as a possible replacement to the gas tax.The commission meeting starts at 9:00 a.m. on Tuesday, Dec. 17, and at 8:30 a.m. Wednesday, December 18, at the Transportation Building, 310 Maple Park Ave. SE, on the Capitol Campus in Olympia. The meeting is open to the public and persons wishing to speak to the commission may do so during public comment periods each day, including a public comment opportunity prior to commission action on its road usage charging recommendations.The commission will take final action at 1:00 p.m. Tuesday on its findings and recommendations related to whether and when a RUC system could replace the gas tax to fund roads and bridges. A RUC is a per-mile charge drivers would pay for the use of roads, as opposed to paying by the gallon of gas. Because gasoline is taxed by the gallon, as vehicles become more fuel-efficient or switch to electric power, gas tax revenue is expected to decline by as much as 45 percent by 2035. In 2012, the Legislature directed the commission to assess the potential of a RUC to replace the gas tax.The final RUC report will detail the results of a 7-year-long assessment of road usage charging and a pilot project that involved more than 2,000 drivers statewide in a live test of RUC. The commission will consider the work of the RUC steering committee, results and findings from the test-driving phase of the pilot project, input from the pilot participants, and input from the public, as they finalize recommendations and next steps. The commission will submit the report to the governor, Legislature and the Federal Highway Administration in January 2020.Also on Tuesday, the commission will receive an update on current traffic and revenue data for all tolled facilities, including the State Route 99 tunnel. Commission staff will present an overview of the Tacoma Narrows Bridge loan report, which the commission will submit to the Legislature in January, indicating the amount of loan needed to avoid a toll rate increase next year. The commission also will discuss the work plan and schedule for a legislatively directed study it will conduct to assess the possibility of discounted tolls and other programs to assist low-income drivers.Commissioners also will hear the findings and recommendations from the lead consultant who conducted an analysis of congestion pricing in downtown Seattle. Congestion pricing is a charge drivers pay when they enter the most congested areas at the busiest times. Commissioned by the transportation network company Uber, the study considered whether charging all drivers could be an alternative to direct taxes or licensing limitations imposed on transportation network companies.Tuesday afternoon the commission will continue its ongoing examination of the policy issues related to vehicle automation. John Niles, co-author of a book on autonomous vehicles, will discuss the potential effects on communities and public safety of shifting 50 percent or more of today’s privately owned and human-operated vehicles to automated vehicles.On Wednesday, the commission will take action to adopt its annual report to the Legislature, which includes a number of recommendations on transportation policy and funding. Commissioners also will hear briefings on policy topics including, development of Vision 2050, the Puget Sound Regional Council’s newest long-range plan; an update to the Washington State Department of Transportation’s state plan for passenger and freight rail; and, a study underway by WSDOT’s aviation division to evaluate the potential for using electric aircraft in passenger air service.For more information about the commission and a complete meeting agenda, visit: www.wstc.wa.gov/last_img read more

August 5

David Warner and his daughter Indi give Bollywood a run for their money with…

first_imgAdvertisement f2dNBA Finals | Brooklyn Vs93Wingsuit rodeo📽Sindre E70yg( IG: @_aubreyfisher @imraino ) vv0aWould you ever consider trying this?😱qhbprCan your students do this? 🌚djRoller skating! Powered by Firework It seems that Australian opener David Warner is making the most out of the quarantine period with his family. The swashbuckling southpaw made his debut on social networking app Tiktok earlier this week, but on Saturday, Warner won the internet after posting a video, where he could be seen shaking legs with his younger daughter Indi-Rae on the Bollywood popular song ‘Sheila ki Jawani.’Advertisement Image Credit: IG/davidwarner31-HungamaIn the hilarious video, Warner’s younger daughter Indi was seen donning an Indian dress and dancing with her father to the superhit number ‘Sheila Ki Jawani’ that features Katrina Kaif.“Indi has asked to also do one for you guys! please help me someone.” Warner captioned the post.Advertisement The 33-year-old then uploaded a short clip of his dancing prowess on his Instagram account while it gathered over 250,000 views under an hour.Earlier this week, Warner took to Instagram to share the news of his Tiktok debut in a video along with his two daughters Ivy-Mae and Indi.“Ok, I have zero idea what’s going on but have been told to do tik tok by my 5 year old @davidbullwarner31 and I have zero followers I need some help please and they love @tonesandi,” Warner wrote beneath the post.Sunrisers Hyderabad’s marquee opener was supposed to lead his team in the 13th version of the Indian Premier League, but the ongoing global coronavirus pandemic has led to the cancellation of the tournament.Meanwhile, the Board of Control for Cricket in India (BCCI), on Thursday confirmed that the cash-rich league has been postponed indefinitely.“Due to the evolving global health concerns regarding COVID-19 and lockdown measures implemented by the Government of India to contain the spread of the pandemic, the IPL Governing Council of the BCCI has decided that the IPL 2020 Season will be suspended till further notice,” Jay Shah, the BCCI Honorary Secretary said in a press release. You may also like:Big update on IPL 2020 after lockdown extension!Shikhar Dhawan shares hilarious video pleading with his wife for respite from household chores!   Advertisementlast_img read more