CFPB issues first no-action letter under Project Catalyst

first_imgLast week, the CFPB announced the issuance of a no-action letter to Upstart Network, Inc., its first under the Bureau’s Project Catalystinitiative.  The initiative, which launched in 2012, is intended to encourage consumer-friendly innovation in the financial marketplace. To do this, Project Catalyst is tasked with engaging with the innovator community, participating in initiatives that inform its policy work, and monitoring emerging trends in order to remain forward-looking.CFPB’s Policy Statement on No-Action LettersUnder the Project Catalyst initiative, the CFPB in 2016 finalized a policy statement on no-action letters to reduce potential regulatory uncertainty and enhance compliance in specific circumstances where “a product holds the promise for significant consumer benefit and where there may be uncertainty around how the product fits within an existing regulatory scheme.”  For example, the CFPB said the formal no-action policy could be appropriate for new products being developed by innovators in financial technology (fintech) or other startups that involve ground-breaking technology that did not exist, and thus wasn’t contemplated, when existing regulations were first adopted.The Bureau issued the policy statement on no-action letters under its authority in §1021 of the Dodd-Frank Act, which empowers the CFPB to exercise its authorities for the purpose of ensuring that markets for consumer financial products and services operate transparently and efficiently to facilitate access and innovation.  See, 12 U.S.C. 5512(b)(1). continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

18 Negros Occ. ex-rebels get gov’t financial aid

first_imgThe beneficiaries received the checks in rites led by Gov. Eugenio Jose Lacson and Department of the Interior and Local Government (DILG) provincial director Ferdinand Panes at the Capitol Social Hall here last week.Lacson lauded the former rebels for deciding to return to the fold of the law. E-CLIP is one of the programs under the National Task Force to End Local Communist Armed Conflict  created by President Rodrigo Duterte through Executive Order No. 70. (With a report from PNA/PN) BACOLOD City – Some 18 former rebels (FRs) in this province received immediate and reintegration assistance amounting to P36,000 each as one of their benefits under the government’s Enhanced Comprehensive Local Integration Program (E-CLIP). Gov. Eugenio Jose Lacson (standing in left) speaks with some 18 former rebels who received benefits under the government’s Enhanced Comprehensive Local Integration Program at the Capitol Social Hall in Bacolod City last week. PROVINCIAL GOVERNMENT OF NEGROS OCCIDENTAL “The provincial government is always open to help you. Spend the assistance given to you wisely, especially in this time of pandemic,” he added.center_img Panes, for his part, said he is hopeful the beneficiaries will honor their commitment to the government with mutual respect.The DILG, Armed Forces of the Philippines and Philippine National Police is always ready to assist them, he added.The ceremony was witnessed by Colonel Inocencio Pasaporte, commander of the Philippine Army’s 303rd Infantry Brigade; Lieutenant Colonel Gerard Alvaran, commanding officer of 79th Infantry Battalion; and Colonel Romy Palgue, officer-in-charge of the Negros Occidental Police Provincial Office.The DILG is the lead agency in the implementation of the E-CLIP, which entitles a former rebel to receive immediate assistance of P15,000; livelihood assistance, P50,000; firearms remuneration, P12,000 to P500,000; half-way house assistance; PhilHealth enrollment and medical assistance; education assistance; housing assistance; legal assistance; and healing and reconciliation initiatives. The FRs, once belonging to the Communist Party of the Philippines-New People’s Army (CPP-NPA), were from the cities of Escalante and Bago and the municipality of Don Salvador Benedicto. The reintegration assistance is being used for the subsistence or meal cost of FRs who have been placed under the protection of government troops while processing their other benefits under the E-CLIP.last_img read more

Other Sports WWE Crown Jewel 2019: Live Streaming, Date, Time In IST And Where To Watch On TV In India

first_imgNew Delhi: WWE Crown Jewel 2019 is almost here with Riyadh set to host the World Wrestling Entertainment (WWE) event on October 31.  The event, part of a 10-year deal with the Saudi Arabia government, will showcase some of the biggest WWE stars in the world. Not only WWE superstars, but the likes of heavyweight boxing star Tyson Fury and former UFC superstar Cain Velasquez will also be part of the 2019 WWE Crown Jewel event.During the WWE Crown Jewel 2019, Seth Rollins will defend his WWE Universal Championship title against ‘The Fiend’ Bray Wyatt in a falls count anywhere match. In other high profile matches, Tyson Fury is set to take on the ‘monster among men’ Brawn Strowman, while Cain Velasquez will face Brock Lesnar for the WWE Championship title. The United States Championship will also be on the line.WWE Crown Jewel 2019: Match CardWWE Championship match: Brock Lesnar (c) vs Cain ValesquezUniversal Championship match: Seth Rollins (c) vs “The Fiend” Bray WyattBraun Strowman vs Tyson FuryTeam Hogan (Roman Reigns, Rusev, Ricochet, Shorty G and Ali) vs Team Flair (Randy Orton, Baron Corbin, Bobby Lashley, Shinsuke Nakamura and Drew McIntyre)20-man battle royaleUnited States Championship match: AJ Styles (c) vs battle royale winnerCesaro vs Mansoor9-team World Cup tag team turmoil match: The New Day vs Heavy Machinery vs The O.C. vs The Viking Raiders vs The Revival vs Dolph Ziggler and Robert Roode vs Lucha House Party vs The B-Team vs Curt Hawkins and Zack RyderWhere to watch WWE Crown Jewal 2019: Live streaming, time in IST and TV channelWhere and when is the WWE Crown Jewal 2019 is taking place?The WWE Crown Jewal 2019 will take place on 31 October, Thursday. The WWE Crown Jewal 2019 will start on 31 October, Thursday at 10:30 PM IST with pre-show kick-off scheduled at 09:30 PM.Where to watch WWE Crown Jewal 2019 live (TV channels)?The WWE Crown Jewal 2019 will be telecast on Sony Ten 1 and Sony Ten 1 HD in English and Sony Ten 3 and Sony Ten 3 HD in Hindi.How and where to watch online WWE Crown Jewal 2019 live streaming?The live streaming of the WWE Crown Jewal 2019 will be available on WWE Network. For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps.last_img read more

Zak: 2013 at Camp Randall will have different feel

first_imgStudents are about to peace out for the summer. Of the 40,000-plus that currently call themselves Badgers, a healthy amount will graduate or go home or head overseas or mosey on back to the kitchen of their local pizza parlor. Of the group, nearly everyone has a summer destination.A large section of campus is leaving to do non-academic things (thank goodness — it’s been a long year) but it’s inevitable that the same large section will come crawling back to campus just a few months after departing. It’s a beautiful thing, too.In August, the veterans of UW will undoubtedly find their campus remarkably warm and sweating with newness from a few thousand unaccustomed, baby-faced freshmen. Those freshmen will likely be begging for booze and the slightest sign of an invitation to a house party. They’ll also be waiting for their first chance to Jump Around, do the wave, toss profanity back and forth and get goosebumps while U2 sings. That comes Aug. 31. It’s only 115 days away.It’ll be memorable for all the incoming students, which depends a little on their alcohol intake that Saturday. The same thing goes for the rest of the season; only this season likely won’t be nearly as great as that of any of us veterans, the students who have already experienced a season between sections J and P at Camp Randall.The 2013 season is sure to be unlike any other, which goes without saying. In his first stint, head coach Gary Andersen will do his best to maintain the many traditions of Wisconsin football. But a new pair of shoes will always make you walk a little differently, at least until they’re broken in.Unfortunately for next year’s crop of incoming students, the new shoes will be broken in without a home night game. This realization came through a series of announcements, one last week from the ESPN and ABC conglomeration and one this week from the Big Ten Network.Last Monday, ESPN announced that UW’s only game to find prime time on its network would come at Ohio State, roughly 500 miles from the Wisconsin campus. The Big Ten Network followed up Monday, announcing Wisconsin’s only night game to air on its network will be the bout at Illinois, just 250 miles through the long state to our south.So Camp Randall won’t host a night game in 2013, and it’s too bad. Some of the very best moments known to the Wisconsin venue have come at night games. There’s something weird about how the sun going down brings the vivacity up.A few years back, the Badgers toppled an undefeated and top-ranked Ohio State team in a moment that even sobered up the kids blacked out from too much Bacardi. ESPN opened its telecast, the city of Madison lit up from the ambiance of its stadium centerpiece and former wide receiver David Gilreath brought Camp Randall to a sound level once thought unimaginable. The game ended, but the night never seemed to.Less than a year later, Wisconsin opened the season for the rest of the nation as UNLV traveled to Madison. One of those incoming students I’ve referred to was playing quarterback. His name was Russell Wilson, igniting excitement around a Wisconsin team that actually began to seem legitimate.A few weeks later, the Badgers opened their door to Big Ten newbie Nebraska and then shut them down forcibly with a 48-17 thrashing of the bewildered Cornhuskers. That was another night that never seemed to end as cardinal and white poured out of the stadium into its surrounding locales.Unfortunately, the only reason to use the lights at Camp Randall in 2013 will come at the outset of a 2:30 p.m. game that simply goes too long. And even then, that might not be as great as similar games of the past. The Badgers’ home schedule in 2013 is very much less than fantastic.  Badger football has plenty of great things, but Badger football matched up against a quality opponent has plenty more. In 2013, Wisconsin gets the pleasure of hosting Massachusetts, Tennessee Tech and Brigham Young in the nonconference slate. Barnstorming excitement there. On the conference side, UW will entertain the heinous grouping of Purdue, Northwestern, Indiana and Penn State. Riveting. Camp Randall will never frown, but it may take more for it to smile this season.Although 2012 witnessed a pair of heartbreaking overtime losses to the darned Spartans and Buckeyes, having fans on the edge of their concrete-sustained seats is a much better scenario than fans climbing that concrete in exiting form after House of Pain shouts through the loudspeakers.Alas, don’t fret too much. In the end, night games provide just a sliver of the fun known at 1440 Monroe St. throughout the fall.You might be able to take the prime time away from Camp Randall, but you’ll never be able to take Camp Randall away from a prime time. That’s what every single Saturday is.Sean Zak is a junior studying journalism and communication arts. Does a schedule without a night game concern you? Let him know at [email protected] or on Twitter @sean_zak.last_img read more