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Following NAFCU testimony, bill to stop RBC rule set for Tuesday mark-up

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU witness Brian Ducharme yesterday urged members of a House Financial Services subcommittee to support legislation, which is now scheduled for mark-up next week, to stop the NCUA’s risk-based capital rule (RBC) from taking effect on Jan. 1, 2019.Ducharme said the rule will negatively impact the country’s 110 million credit union members as it unnecessarily requires credit unions to set capital aside and thus “takes money out of the lending cycle.”The Common Sense Credit Union Capital Relief Act of 2017 (H.R. 4464), which would prevent the RBC rule from taking effect, was the focus of Ducharme’s testimony yesterday before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. It is set for mark-up, along with a series of other bills, before the full House Financial Services Committee on Tuesday. continue reading »last_img read more

Continue Reading... Following NAFCU testimony, bill to stop RBC rule set for Tuesday mark-up
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Haden meets with NCAA, discusses football sanctions

first_imgUSC Athletic Director Pat Haden and Vice President for Athletic Compliance Dave Roberts met with National Collegiate Athletic Association President Mark Emmert Wednesday following the NCAA’s announcement that it would reduce sanctions against Penn State.“After learning of the NCAA’s actions on Tuesday regarding Penn State and the lessening of the sanctions that were imposed on that institution, when viewed in the context of the events that have shaken intercollegiate athletics over the past year, we felt compelled to discuss USC’s sanctions in a new light,” Haden said in a statement.The Penn State sanctions, which were instated as a consequence of the scandal surrounding former Penn State assistant football coach Jerry Sandusky, previously capped the university’s 2014 student-athlete scholarships to 65 scholarships. However, the NCAA announced Tuesday that the scholarship cap would be increased to 75 scholarships in 2014, 80 in 2015 and return to the full allotment of 85 scholarships by 2016, according to ESPN.The meetings focused on enforcement and sanction issues, specifically in regards to how to come up with fair solutions for both USC and the NCAA community.“After candid discussions, the NCAA asked us to provide additional information and indicated it would study our suggestions,” Haden said.USC’s sanctions came as a result of the 2010 Reggie Bush case, and  reduced the total football scholarship limit from 85 scholarships to 75 annual scholarships. However, Haden noted that football players who were injured or transferred left the Trojans with less than 60 recruited scholarship student-athletes.“I believe the penalties imposed on our football program in 2010 were unprecedented and inconsistent with NCAA precedent in prior cases,” Haden said. “Since the Committee on Infractions issued its sanctions in 2010, USC has been held up as a model and praised for its integrity and commitment to compliance, a fact often mentioned by the NCAA itself.” Follow Jordyn on Twitter @jojoholmey Follow Yasmeen on Twitter @YasmeenSerhanlast_img read more

Continue Reading... Haden meets with NCAA, discusses football sanctions