Metsger urges ‘blanket’ PAL exemption from payday rule

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NCUA Board Chairman Rick Metsger on Wednesday called on CFPB to give credit unions a “blanket exemption for payday alternative loans,” or PALs, in its payday lending rule. NAFCU has been advocating this exemption due to provisions in the rule that would increase the regulatory burden on credit unions.“NAFCU appreciates Chairman Rick Metsger and Board Member J. Mark McWatters’ support of credit unions and their responsible lending practices, and we thank Chairman Metsger for reaching out to CFPB to avoid regulation that would surely hamstring credit unions’ efforts to lend,” said NAFCU Director of Regulatory Affairs Alexander Monterrubio. “Credit unions cannot be expected to offer their members the same excellent products and services while also facing inconsistent regulation from multiple regulators. CFPB must provide an explicit exemption for credit unions in the final rule in order to avoid punishing good actors along with bad.”In June, CFPB proposed a 1,300-page payday lending proposal that included a partial carve-out for PALs but did not completely exempt credit unions. In a letter from Metsger, NCUA urged the bureau to go further.“We respectfully request the Bureau exempt FCUs completely from its final rule for loans made under and consistent with NCUA’s PALs regulation,” Metsger wrote. “While the proposed rule included a conditional exemption for PALs compliant loans, it would nevertheless increase compliance burdens for credit unions and potentially divest NCUA of the flexibility to adjust its rule as it sees fit to reflect the unique characteristics of credit unions.” continue reading »last_img read more

MSOC : SU struggles to adjust to slick field conditions in loss to Bearcats

first_img Comments As the final minutes of the first half wound down, Nick Roydhouse was in a foot race down the sideline with Binghamton’s Luke Halberg. Trying to knock the ball away from his opponent, Syracuse midfielder Roydhouse stuck his leg out, but his foot slid across the muddy field. His body followed his leg to the ground, and Halberg won the race and kicked the ball back upfield.Syracuse’s grip on the field was as unstable as its control of the game. While the Bearcats adjusted to the sloppy conditions, the Orange couldn’t find its footing on the ‘greasy’ field.‘To be honest, we both played on the same pitch. It’s not like we can really use it as an excuse,’ Roydhouse said. ‘We just didn’t adapt to the conditions fast enough and we paid for it.’Still, Roydhouse said he can’t blame the poor conditions for Syracuse’s 2-1 loss to the Bearcats on Tuesday. He couldn’t deny, though, that the Orange was simply outplayed by the Bearcats on both ends of the field. While Binghamton adjusted to the wet conditions — playing a scrappy style of play and outhustling Syracuse to nearly every loose ball — SU’s game was as messy as the field itself.All the players wore studs on their cleats, but they didn’t always help.AdvertisementThis is placeholder text‘It was quick for us. But we warmed up on it,’ defender Chris Makowski said. ‘We should’ve adjusted. It’s unfortunate. It got wet and slippery, and then it becomes a ‘who wants it more’ match. It’s just really sloppy.’In the 18th minute, midfielder Nick Perea slipped near midfield in a scramble for the ball. Binghamton gained control, and forward Lars Muller slid right to the ground in an attempt of his own just a few feet away. At those times, the surface resembled ice rather than grass, and the Syracuse players slipped all over.Orange head coach Ian McIntyre said it’s that type of surface, though, that is the best for scorers. The ball’s quick. It moves faster than it does in dry conditions. But it comes at the price of having a difficult time handling it.And that’s true on both offense and defense.‘As a player, you love conditions like tonight,’ McIntyre said. ‘It’s a little bit greasy, and it makes the ball move. But it makes it more difficult to handle. Tonight, I felt our use of the ball was a little sloppy. … It’s tough for defenders to deal with because the ball is a little bit slick and little bit greasy.’But it was still an even playing field. Binghamton made the necessary adjustments to its game plan. The Bearcats never really even let the Orange set up a decent scoring opportunity.There were several times when Syracuse lost possession simply because it couldn’t get enough traction to keep the ball from going out of bounds. With eight minutes remaining in the first half, defender Ryan Tessler made an attempt to contain possession, but his feet went right out from under him.Things didn’t get much better for the rest of the game.None of the players chose to place the blame on the wet conditions. Instead, they said, it was much more a factor of simply not being at the level the Bearcats were playing at.‘We need to be ready. The pitch is exactly the same for both teams,’ forward Dan Summers said. ‘This is a really nice surface. We didn’t come out sharp enough today. Usually, we start games really well, and tonight we didn’t start quick enough.’Even McIntyre said several times that it looked like his team wasn’t as prepared as the Bearcats. With 10 minutes remaining in the game, the head coach walked to the bench, rubbing his forehead in frustration at what he was watching.When it was over, McIntyre took everything into consideration — wet field and all — and made a succinct summary of the night.‘Credit to Binghamton,’ McIntyre said. ‘We were outfought for large parts of the game and possibly outcoached.‘And today was a bad day.’[email protected] Published on September 27, 2011 at 12:00 pm Contact Chris: [email protected] | @chris_isemancenter_img Facebook Twitter Google+last_img read more

Bracket Breakdown: Beat writers examine the NCAA Tournament field

first_img Published on March 18, 2014 at 2:29 am The Daily Orange beat writers provide insight on who to key in on as you fill out your tournament bracket, and who to stay away from in the field of 68. NCAA Tournament play kicks off Tuesday at 6:40 p.m.Stephen BaileyFinal Four: Arizona, Florida, Louisville, Michigan StateThe No. 4 seeds are the hot seeds. It’s hard to pick against the Cardinals and Spartans after winning their respective conference tournaments in dominant fashion. Michigan State is as complete a team there is in the country, while Louisville is tournament tested and, yup, Russdiculous.National Champion: Michigan StateI know, the Spartans are becoming the trendy pick (I thought I was going to be the smart one). But looking past their talented, balanced and experienced roster, head coach Tom Izzo is as successful a March maestro as there is in the country.Syracuse’s finish: Loss in Sweet 16But it won’t be Andrew Wiggins and Kansas that knock SU out. New Mexico can feast on the Jayhawks’ frontcourt without Joel Embiid, and then do the same to the Orange. It’s not that Syracuse can’t make a deeper tournament run, I just don’t see the consistency.AdvertisementThis is placeholder textSleeper: New MexicoThe Lobos are led by 6-foot-9 power forward Cameron Bairstow (20.3 ppg, 7.4 rpg) and 7-foot center Alex Kirk (13.6 ppg, 8.7 rpg). Despite having never reached the Sweet 16, they have the shooting to balance out their offense and match up well with Kansas and Syracuse.Others: Baylor, Connecticut, OregonDouble-digit seed to take a chance on: ProvidenceDisclaimer: I’ve got Iowa State knocking off the Friars in the Round of 32. However, Bryce Cotton is good enough to lead Providence past North Carolina. With a different No. 3 seed, I’d put Providence into the regional round.Others: Louisiana-Lafayette, Stephen F. Austin, N.C. State, North Dakota StateTop seed to fall early: VillanovaThe Wildcats cruised through a fairly easy schedule, and each of the four losses they suffered were by a wide margin. If any No. 1 or No. 2 seed goes down in the first batch of games, it’ll be VU (they’re owed one after the Robert Morris game in 2010). But I’ve got Shabazz Napier and UConn beating the `Cats in the Round of 32.Trevor HassFinal Four: Florida, Michigan State, Arizona, DukeI think Florida squeezes out a couple close wins against UCLA and Kansas. Michigan State is peaking at the right time and is as tough an out as any team in the country. Arizona has the easiest draw of any of the No. 1 seeds. Duke has the toughest path, but it’s Jabari Parker’s time to shine.National Champion: Michigan StateAdreian Payne is a matchup nightmare, Gary Harris is a sniper, Keith Appling is healthy, Brendan Dawson’s a vicious rebounder and Denzel Valentine’s a great glue guy. The Spartans are fresh off a Big Ten tournament title and are hot and healthy at the right time.Syracuse’s Finish: Loss in Sweet 16There’s a reason Andrew Wiggins is being hyped up as the next NBA superstar along with Parker. He’s pretty good at basketball. Wiggins goes off, and Syracuse is bounced.Sleeper: BaylorBaylor’s knocked off Oklahoma State twice, Kansas State twice, Iowa State, Oklahoma and Texas since Feb. 1. It also beat Kentucky, Colorado and Dayton earlier in the year. There’s no reason the Bears can’t use their size and athleticism to take care of Nebraska and upset Creighton and Wisconsin en route to the Elite Eight.Others: Connecticut, Kentucky, TennesseeDouble-digit seed to take a chance on: North Carolina StateYou saw what the Wolfpack did to Syracuse. T.J. Warren is as proficient a scorer as there is in the country and N.C. State’s supporting cast is good enough. I’ve got the Wolfpack beating Xavier and Saint Louis. I don’t think it’ll beat Louisville, but if Warren goes berserk, it’s not out of the question.Others: Stephen F. Austin, New Mexico State, ProvidenceTop seed to fall early: WisconsinI’m temped to pick American over Wisconsin, but I don’t think that’ll happen. After that, Oregon, Brigham Young, Creighton, Louisiana-Lafayette, Baylor and Nebraska are all capable of knocking off the Badgers, who haven’t made the Final Four since 2000. One of them will.David WilsonFinal Four: Florida, Michigan State, Arizona, DukeI originally had Kansas here, but Joel Embiid’s injury scares me. If he’s totally healthy, though, I like the Jayhawks to get to Dallas instead of the Gators.National champion: FloridaIt’s the easy one, but I do think the winner of KU-UF wins it all. Too much talent on both of those teams, plus coaches with national championship pedigree.Syracuse’s finish: Elite EightLike so much of my bracket, this hinges on Embiid’s back. If he’s healthy, I think the Orange will struggle with Kansas. If not — and things don’t look promising for the center — SU should get to the Gators before falling.Sleeper: KentuckyThe Wildcats are peaking, and probably the most talented team in the nation. Wichita State is a relatively favorable No. 1 seed for a No. 8 to be matched up against and never rule anything out when UK plays in-state rival Louisville.Others: North Carolina, ConnecticutDouble-digit seed to take a chance on: Louisiana-LafayetteI’ve been riding UL-Lafayette really hard over the past few weeks. The ultra-talented Ragin’ Cajuns have a pair of potential first-rounders in Elfrid Payton and Shawn Long and can never be counted out of a game. They rallied from nine down in the final three minutes against Georgia State to win the Sun Belt Championship.Others: Nebraska, North Carolina State, Iowa, Tennessee, Arizona StateTop seed to fall early: Wichita StateThe Shockers got a tough draw. Texas Southern, a potential first-round opponent, is led by West Virginia-transfer Aaric Murray and former-Indiana coach Mike Davis on the sideline — not that they should lose to a No. 16 seed. That will probably come against preseason-No. 1 Kentucky in the round of 32. Comments Facebook Twitter Google+last_img