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Lawmakers to GAO: Work with credit unions on Reg D study

first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr House Financial Services Committee Chairman Jeb Hensarling, R-Texas, and Rep. Robert Pittenger, R-N.C., urged the Government Accountability Office to conduct a study on the impact of Regulation D’s limit on transfers from savings accounts and that the GAO consult with credit unions and community banks on the issue.A similar study was called for under the House-passed “Regulation D Study Act,” H.R. 3240. While cleared unanimously by the House, the bill failed to get action in the Senate. Hensarling and Pittenger want the GAO to study the issue anyway.“Federal Reserve Regulation D limits consumers to six transfers per month from their savings account to any other accounts. This regulation is over 30 years old and has not been significantly revised since it was first implemented,” Hensarling and Pittenger wrote.Hensarling and Pittenger requested the study to examine the history of the monthly transfer limit and what benefits might arise from increasing it. H.R. 3240, which was passed by the House this month, would require a study of the impact of the requirements on depository institutions, consumers and monetary policy. Prior to the bill’s passage, sponsors Pittenger, and Rep. Carolyn Maloney, D-N.Y., both cited NAFCU’s support of the measure in their remarks before the full House. continue reading »last_img read more

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COVID-19: 2021 Access Bank Lagos City Marathon not under threat yet – Thomas

first_imgThe organisers of the annual Access Bank Lagos City Marathon on Wednesday said the hosting of the 42km race in 2021 was not under threat yet in spite of the COVID-19 pandemic.The Media Officer of the race, Kayode Thomas, made this known in an interview with the News Agency of Nigeria in Lagos. Thomas said he was optimistic that the race, which achieved a silver label this year, would not be affected by the COVID-19 pandemic that had limited a number of sport events worldwide.He said: “Next year’s marathon will go ahead as planned.“It is true that some marathons across the world have been cancelled, but some are going on as planned, just like Hamburg in Germany.“The Hamburg Marathon is one of the biggest in the world and it is coming up in September as planned, but because of restrictions in Germany, the organisers have scaled down the number of participants.“The number of runners for the race have been scaled down to 10,000 runners, but as the case is, Nigeria is better off in terms of COVID-19 pandemic compared to Germany in terms of outbreak. “What the organisers have put in place in Germany is social distancing and other protocols and also modifying the race in so many ways but the race will go on as planned.”Thomas said nothing would stop the planned 2021 edition of the marathon, but that the race could be modified to accommodate the fallouts from the COVID-19 pandemic.He added: “I don’t see anything stopping the 2021 Access Bank Lagos City Marathon.“May be there could be some adjustments.“We have a Technical Director in person of Yusuf Alli, who is conversant with the development of races all over the world. “So the Technical Department might also be in Hamburg.“They will also visit other races to observe what they are doing.“I am yet to envisage any problem with Nigeria’s race.“We should not forget that football has resumed across the Europe, but with some adjustments.RelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians “I think we will also follow same protocol for the 2021 marathon as well.”Tags: 2021 Access Bank Lagos City MarathonAccess BankCOVID-19threatlast_img read more

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In Brazil they take the signing of Matheus Fernandes al Barça for granted

first_imgBarça can pay a total of 11 million euros for this young player. Now 7 fixed kilos would be paid and the other four, which are variable, would be paid if the player meets certain objectives.Currently, Fernandes is in the United States, where he is concentrated with his team, which is playing the Florida CUP, a preseason tournament and is followed by the Blaugrana technical secretariat since he was in the Botafogo. Matheus Fernández (21 years old) Palmeiras defensive midfielder would be very close to signing for FC Barcelona as the chain advanced ESPN.According to the information, the Blaugrana team would pay 11 million for the player, which develops as a defensive pivot and which highlights its ability to recover balls and exit the game. He usually plays in the midfield position and the idea, according to the same sources, it would be that he joined to give rest to Busquets.last_img read more

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