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NAFCU outlines CFPB’s final rule extending the GSE patch

first_img This post is currently collecting data… ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU Monday sent members a Final Regulation summary on the CFPB’s final rule extending the government-sponsored enterprise (GSE) patch and offered highlights on how the final rule impacts credit unions.The final rule extends the GSE patch under the Truth in Lending Act until the mandatory compliance date of a final rule amending the general qualified mortgage (QM) loan definition in Regulation Z or the GSE’s exit conservatorship; the GSE patch was originally set to expire Jan. 10, 2021.In the Final Regulation, NAFCU highlights that the bureau had previously stated it hoped to have the general QM rule finalized by April 2021. However, NAFCU notes, the CFPB’s final rule indicates that the bureau will “afford credit unions time to implement the new rule and the GSE Patch may be used during that time frame.”NAFCU has previously called for the bureau to allow for an 18- to 24-month extension of the GSE patch, at a minimum. Earlier this year, the association joined with nine other organizations to urge CFPB Director Kathy Kraninger to delay rulemakings on the general QM definition and extend of the patch in the wake of the coronavirus pandemic, in addition to calling on Congress to establish an emergency QM standard with flexible requirements and extend the patch if the CFPB did not provide one.center_img This is placeholder text continue reading »last_img read more

Defending champions sent packing on thrilling opening night

first_imgA FULL house on Friday night witnessed an action-packed opening night of the Guinness ‘Greatest of the Streets’ Bartica Championship, as defending champions Disconnection Crew were sent packing by newcomers, Walking Boys, at the Bartica Community Centre tarmac.In a game full of end-to-end action from the first whistle to the last, the debutants defeated the favourites 1-0 on sudden-death penalty kicks, after regulation time ended with neither side hitting the back of the net.Prior to opening night, Disconnection Crew were widely regarded by many as heavy favourites to retain their title.Meanwhile, 2017 champions, Rivers View, survived a similar fate against debutants Man City. The inaugural winners of the event thrilled the crowd as they came from behind to defeat their opponents by a 2-1 scoreline.A Guinness Goal (GG) (a goal scored in the final two minutes counts as two) in the 19th minute secured the victory for the highly-rated outfit.In other highly entertaining matches, Potato United, Mighty Ruler, Prison Officers, Beacons, Police and Goal-Raiders secured berths in the group stage with contrasting wins.Potato United took apart Potaro Strikers 5-1 in their ‘Derby’ matchup to the delight of their fans.Meanwhile, Mighty Ruler trumped Itaballi 3-1, while Prison Officers halted Falmouth in an identical scoreline.Police arrested Jones Avenue 2-0 while Beacons needled Almanac Kings and Goal-Raiders sneaked past Ballers 1-0.Up to press time last evening, the group stage round was underway at the same venue.The top two finishers from each pool will process to the semi-final round scheduled for today. The grand final will also be staged today at the same venue.Winner of the zone will collect $400 000 and the respective trophy. They will also earn an automatic place in the National Championship, which is set to kick off in August. Meanwhile, the losing finalists will receive $150 000 and a trophy.On the other hand, the third- and fourth-place finishers pocket $100 000 and $75 000 respectively and the corresponding accolade. The victors of the Guinness Plate Championship will receive $60 000.The other major sponsor of the event is Colours Boutique. In attendance at the venue was Banks DIH Limited Outdoor Events Manager and former national player Mortimer Stewart.last_img read more

CARI Produces 504 Metric Tons Seed Rice

first_imgMr. Aaron Marshall, team leader at the Central Agriculture Research Institute (CARI) in Suakoko, Bong County, has disclosed that 504 metric tons of seed rice was produced during the Ebola period.Making the disclosure over the weekend in Gbarnga in an exclusive interview with the Daily Observer he said following the deadly Ebola outbreak, a lot of work was done at CARI.He said that before the outbreak of Ebola, farmers  in Lofa, Nimba and in other counties had produced more rice and other foodstuff.“At CARI, there are several streams of research going on.  We are researching different varieties of rice that would take only 70 -90 days to   germinate to yield more varieties of rice.“Now that Ebola has drastically reduced, we have increased our workforce.   They were reduced by 250 during the Ebola crisis but have now been increased to 500 to the extent that the warehouse is producing 500 metric tons of seeds rice, and 50 hectares of cassava, which he described as the biggest progress CARI has made,” Mr.Marshall said.He said at present CARI is working along with the Ministry of Agriculture (MOA) to restore the productive assets of farmers and farmers’ groups by building essential infrastructure to support food production.He indicated that through the West Africa Agricultural Productivity Program (WAAPP), Africa Rice and the International Institute for Tropical Agriculture (IITA), CARI is now producing and providing seeds and other  improved varieties to small-scale farmers and in return the farmers after they harvest their  farms bring back some seed rice to CARI.“CARI has in recent years increased its cassava production from 25 to 50 hectares of 20 improved varieties of cassava that could produce ten times,” he said.Mr. Marshall said, CARI, as an agriculture institution, will continue to work with local farmers to enable them grow and sell more food as well as increase their livelihoods.                                                The institution, he said has over the years, renovated three fish ponds but has now increased to ten ponds to maintain fingerlings that will be harvested and given to farmers.CARI team leader disclosed that the institution is not free from challenges, stating that the issue of funding and capacity remain major challenges to the institution.He said some ways the Ministry of Agriculture is solving the problems is by offering scholarships to students to build their capacity.He said during the heat of the Ebola outbreak, activities at the center slowed down, and kept functioning.In an interview with a local farmer Mr. Napoleon Rennie, who is operating on 100 acres of farmland in Zeanzue, he said he has been farming for the past several years and has not benefitted from CARI activities.He said he hoped to receive support from CARI, including seed rice to improve his farming activity to boost productivity.Another farmer Madam Faith Flomo told the Daily Observer, “I plant peppers, okra and rice in Wainsue and I want support from the government. It’s my hope that CARI will provide me seeds to let me grow more food.”She also said she would like to have more seeds for improved farming.Mr. Aaron Marshall, team leader at the Central Agriculture Research Institute (CARI) in Suakoko, Bong County, has disclosed that 504 metric tons of seed rice was produced during the Ebola period.Making the disclosure over the weekend in Gbarnga in an exclusive interview with the Daily Observer he said following the deadly Ebola outbreak, a lot of work was done at CARI.He said that before the outbreak of Ebola, farmers  in Lofa, Nimba and in other counties had produced more rice and other foodstuff.“At CARI, there are several streams of research going on.  We are researching different varieties of rice that would take only 70 -90 days to   germinate to yield more varieties of rice.“Now that Ebola has drastically reduced, we have increased our workforce.   They were reduced by 250 during the Ebola crisis but have now been increased to 500 to the extent that the warehouse is producing 500 metric tons of seeds rice, and 50 hectares of cassava, which he described as the biggest progress CARI has made,” Mr.Marshall said.He said at present CARI is working along with the Ministry of Agriculture (MOA) to restore the productive assets of farmers and farmers’ groups by building essential infrastructure to support food production.He indicated that through the West Africa Agricultural Productivity Program (WAAPP), Africa Rice and the International Institute for Tropical Agriculture (IITA), CARI is now producing and providing seeds and other  improved varieties to small-scale farmers and in return the farmers after they harvest their  farms bring back some seed rice to CARI.“CARI has in recent years increased its cassava production from 25 to 50 hectares of 20 improved varieties of cassava that could produce ten times,” he said.Mr. Marshall said, CARI, as an agriculture institution, will continue to work with local farmers to enable them grow and sell more food as well as increase their livelihoods.                                                The institution, he said has over the years, renovated three fish ponds but has now increased to ten ponds to maintain fingerlings that will be harvested and given to farmers. CARI team leader disclosed that the institution is not free from challenges, stating that the issue of funding and capacity remain major challenges to the institution.He said some ways the Ministry of Agriculture is solving the problems is by offering scholarships to students to build their capacity.He said during the heat of the Ebola outbreak, activities at the center slowed down, and kept functioning.In an interview with a local farmer Mr. Napoleon Rennie, who is operating on 100 acres of farmland in Zeanzue, he said he has been farming for the past several years and has not benefitted from CARI activities.He said he hoped to receive support from CARI, including seed rice to improve his farming activity to boost productivity.Another farmer Madam Faith Flomo told the Daily Observer, “I plant peppers, okra and rice in Wainsue and I want support from the government. It’s my hope that CARI will provide me seeds to let me grow more food.”She also said she would like to have more seeds for improved farming.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more