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Let’s hope the NCUA Board can avoid the wrong road

first_imgRecent actions by the Congress of the United States in proposing legislation aimed at providing regulatory relief for credit unions sends a clear and distinct message to the NCUA Board. Address the issues that that you should or we will do it for you.By putting off discussing and acting on issues like supplemental capital, revised exam scheduling, transparent budget hearings and significant member business lending revisions, the NCUA Board is risking losing their authority as a regulator and insurer to be the decision making body on credit union matters. Failing to address controversial subjects where positions need to be taken and hard decisions made has resulted in the trade associations pursuing their agendas directly with Congress. Not to say that certain issues do not require legislative action, but we have reached a point where Congress is being asked to address and rectify issues that are in the discretion of the NCUA Board.Credit unions need to understand that the last thing they want is to deal with the 535 members of Congress on day to day issues that impact their operations. Opening the door to the belief that they have to go to Capitol Hill every time credit unions feel the NCUA Board is dragging their feet is creating a path that neither credit unions or the Board should want to go down.The NCUA Board by statute is the place to address the issues they are empowered to deal with. That is where credit unions and their trade associations must make the effort to accomplish regulatory changes the Board can readily handle. Dealing with three people, and now two, should be a lot easier than trying to convince 535 individuals.The federal government moves very slow and accomplishes a lot less that they should. In some areas, NCUA is right in line with that dreaded philosophy. There is no reason why credit unions should have to wait months or even years for the Board to openly discuss areas of concern and one way or the other make a decision on a course of action. A prime example is the question of whether or not to allow a cycle of 18 months for examination of well-run credit unions. It is an issue that should be addressed now and resolved now not later.When someone fails to do their job someone else usually step up and in to fill the void and do what needs to be done. The NCUA Board cannot allow that pattern to continue and impact their operations.I don’t know anyone who really wants the Congress to take over the decision making for credit union regulation. That is a slippery slope to go down. Let’s hope the NCUA Board can avoid that direction. 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Michael Fryzel Michael Fryzel is the former Chairman of the National Credit Union Administration and is now a financial services consultant and government affairs attorney in Chicago. He can be reached at … Detailslast_img read more

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Jamaica, Guyana to clash in mid-tier League B in Nations League

first_imgPhoto Courtesy of Jamaica Football Federation MIAMI, United States, Mar 29, CMC – Powerhouses Jamaica have paid the price for defeat in their final Nations League qualifying game and will now do battle in League B of the inaugural Championship starting in September.Lost to El SalvadorThe Reggae Boyz, the highest-ranked Caribbean team in the FIFA rankings at 54th, crashed to a 2-0 defeat away to El Salvador at the Estadio Cuscatlan in San Salvador, to finish the qualifying round in eighth spot on nine points.Only the six top teams from qualifying advanced to the top tier League A featuring the likes of heavyweights Mexico, United States and Costa Rica.16 teams in League BLeague B comprises the 16 teams which qualified seventh to 22nd and sees Jamaica installed in Group C alongside Antigua and Barbuda, Guyana and Aruba.Jamaica, however, can find themselves in the top tier for the next championship, with the four group winners in League B gaining promotion to League A.Guyana, who finished seventh in qualifying to reach the prestigious CONCACAF Gold Cup for the first time in their history, will now also fancy their chances of gaining promotion.Bermuda make surprising move to League ALeague A, meanwhile, will see surprise side Bermuda clashing with Mexico and Panama in Group B, after the Bermudians beat the Dominican Republic, 3-1, last weekend to reach the Gold Cup and finish fifth in the standings.Haiti, who topped the standings with four wins, have been pitted against Costa Rica and Curacao, who finished fourth in qualifying on nine points.Trinidad and Tobago, the second highest ranked Caribbean side in the FIFA rankings at 93rd, clash with Honduras and Martinique. The Trinidadians avoided the qualifying phase of the Nations League by virtue of reaching the final round of CONCACAF qualifiers for last year’s World Cup in Russia and were also automatic qualifiers for the Gold Cup.The four group winners from League A will do battle in the playoffs scheduled for March next year and which will determine the champions, while the last placed teams in each group will suffer relegation to League B.Meanwhile, League C will feature 13 teams competing in the four groups, with the group winners elevated to League B.Following are the group assignments for the 2018-19 Nations League.GROUPS:LEAGUE AGroup A: United States, Canada and CubaGroup B: Mexico, Panama and BermudaGroup C: Honduras, Trinidad and Tobago and Martinique  Group D: Costa Rica, Haiti and CuracaoLEAGUE BGroup A:  French Guiana, Saint Kitts and Nevis, Belize and GrenadaGroup B: El Salvador, Dominican Republic, Saint Lucia and MontserratGroup C: Jamaica, Guyana, Antigua and Barbuda and ArubaGroup D: Nicaragua, Suriname, Saint Vincent and the Grenadines and DominicaLEAGUE CGroup A: Barbados, Cayman Islands, Saint Martin and U.S. Virgin IslandsGroup B: Bonaire, Bahamas and British Virgin IslandsGroup C: Guatemala, Puerto Rico and AnguillaGroup D: Guadeloupe, Turks and Caicos and Sint Maartenlast_img read more

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Ugandan Woman Found Guilty of Drug Trafficking

first_imgFollowing several hours of deliberation, the Jury at Criminal Court ‘C’ on Monday, April 7, found Shirat Nelwadda, a Ugandan citizen, guilty of trafficking 1.2 kgs of narcotic drugs valued at US$30,000 in the country.The jury said prosecution produced overwhelming evidence that convinced them to bring down the guilty verdict against the defendant.The court will announce the number of years she will spend in jail at the Monrovia Central Prison at a later date.After the verdict Monday, April 7, Nelwadda broke down in tears, but her lawyers took serious exception to the jury’s verdict, describing it as a “miscarriage of justice.”She was indicted by the government with multiple crimes, including unlawful possession, trafficking and distribution of narcotic drugs.She denied all of the charges when they were read to her in open court by the clerk of the court.Details of the document that brought Nelwadda under the jurisdiction of the Criminal Court— a copy of which is in the possession of this paper— said, on November 30, 2013, she was arrested with 1.2 kilograms of heroine valued at US$30,000 by joint security assigned at the RIA.The document further quoted police as saying: “the drugs were in a black suitcase that she was traveling with.”It continued: “During the investigation, the defendant said she was traveling to Liberia for the first time to meet a “boyfriend” called Ekina, who she claims not to know, but was told to meet by Nalutarya Laila, her girlfriend in Zama, Kampala, the capital city of Uganda.”It further alleged that “upon her arrival at RIA and subsequent arrest with the drugs , defendant Nelwadda  could neither give the contact address or telephone number of the so-called boyfriend, who she claimed is the owner of the drugs she was carrying.”“There and then, the crimes of unlawful possession, trafficking, and distribution of a narcotic drug the defendant did commit,” police concluded in the document. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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