CFPB shares proposed TRID amendments

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first_imgRecently the Consumer Financial Protection Bureau (CFPB) released its notice of proposed rulemaking for the Know Before You Owe rule, commonly referred to as TILA-RESPA Integrated Disclosures (TRID). In their press release, the CFPB emphasized four changes: 1) Tolerances for the total of payments; 2) Housing assistance lending; 3) Cooperatives; and 4) Privacy and sharing of information, along with minor corrections across several topic areas.It’s great to have the CFPB working to formalize the nonbinding verbal guidance it has provided to industry stakeholders, including Wolters Kluwer. The proposed rule helps eliminate the risk, especially in a presidential election year, that nonbinding verbal guidance could lead to future compliance violations following a change in bureau leadership. Once the proposed rule changes are finalized and published, all industry participants will be working from the same playbook.In working closely with our customers to help them comply with the Know Before You Owe rule, especially around areas where nonbinding verbal guidance from the CFPB was required, we’ve found the most recurring trouble spots came from financial calculations. From the CFPB’s proposed changes it appears many of these areas, including calculating cash to close table; principal reduction/curtailment; summary of transactions table; and escrow account disclosures will be addressed. This is great news for our customers and partners, as many of these calculations are complicated to produce under the current rule. continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Trump plans to hold in-person event on Saturday

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first_imgWASHINGTON (AP) — On Saturday, President Donald Trump is planning to hold his first in-person event since testing positive for the coronavirus. Trump said during a Thursday interview with Fox News host Sean Hannity that he is already planning rallies, too. An official says Trump will address the group from a White House balcony. The official declined to say how many people had been invited. White House doctor Sean Conley said in a memo Thursday that, “based on the trajectory of advanced diagnostics the team has been conducting,” he “fully anticipate(d) the President’s safe return to public engagements” as soon as Saturday.center_img Two weeks after the Rose Garden event that is now considered a “superspreader,” Trump is planning to convene another large crowd outside the White House for an event on “law and order.” That’s despite the ongoing White House COVID-19 outbreak. The event was first reported by ABC News.last_img read more

CNTB awarded financial aid in the total amount of HRK 20.765.000,00

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first_imgToday, the 20th session of the Tourist Board of the Croatian National Tourist Board was held at the CNTB Head Office, at which the members of the Council adopted decisions on the allocation of grants by the Croatian National Tourist Board for 2017 in the total amount of 20.765.000,00 kuna.The session was chaired by the Minister of Tourism and President of the Croatian Tourist Board Gari Cappelli, who at the beginning of the session informed the members of the council about the very good indicators of this tourist year. This is also the first session of the Tourist Council attended by the new director of the CNTB Main Office Kristjan Staničić, who was elected to this position by a unanimous decision of the council members at the 19th session held on July 5 this year. “Although Croatia as a destination is most recognizable for its natural beauty and its preservation, we are aware that much more is needed to attract even more guests throughout the year. Therefore, in order to be as competitive as possible, it is extremely important to create additional offers and motives for tourists to come to Croatia. The shifts are very visible, and the confirmation of that is the tourist traffic this year, where we achieved excellent results in the pre-season, but also during July. That is why it is important to continue to encourage the development of all segments of our tourist offer, such as events, but also the creation of new content in underdeveloped areas and the improvement of destination management. I am sure that through these grants our destinations will become even better, richer and ultimately even more competitive”, Said the Minister of Tourism Gary Cappelli.The director of the CNTB’s Main Office, Kristjan Staničić, also agreed with the minister, stressing the importance of financial support for the tourism sector. “Financial support of the Croatian Tourist Board, but also that of the Ministry of Tourism, represents an important segment of further development of the tourism sector because it ensures stability and competitiveness, and encourages further investments of all other entities. Also, these funds represent an investment in the quality of the offer and content, ie in the creation of motives for arrivals and the development of tourism at the level of destinations, which have themselves nominated projects in accordance with their strategic guidelines.”, Concluded director Staničić.Grants for events and programs of destination management companies in 2017According to the CNTB, a total of 2017 applications were received for the public call for support for events in 433, of which 373 applications were taken into consideration, since 60 of them did not meet the conditions of the tender. Financial support from the Croatian National Tourist Board was provided by 215 registered programs divided into three prescribed measures of this Public Invitation in the total amount of HRK 11.500.000,00. Thus, through measure 1 – support for events in the PPS period in underdeveloped tourist areas, HRK 1.140.000,00 was allocated, while through measure 2 – support for national and regional events, a total of HRK 5.710.000,00 was allocated. The amount of HRK 4.650.000,00 was allocated through measure 3 for TOP events. A total of 2017 programs were nominated for the Public Call for Grants to Destination Management Companies in 76, while 67 programs were considered because 9 programs did not meet the conditions of the tender. Financial support was provided by 32 programs in the total amount of HRK 1.765.000,00.Approved and subsidies for underdeveloped areasNa Public call for grants to tourist communities in underdeveloped areas in 2017 a total of 364 registered programs were received, and it was determined that individual candidacies did not comply with the purposes prescribed by the Public Invitation. In accordance with the above, a total of 223 programs received financial support in the total amount of HRK 4.500.000,00. On Public call for grants to projects of tourism initiatives and products in underdeveloped areas in tourism in 2017 a total of 170 projects were nominated, of which 125 valid projects were considered. The decision of the Tourist Council approved support for 54 projects in the total amount of 3.000.000,00 kuna. “All the above decisions on the award of financial aid will be published in addition. ” stand out from the CNTB.We add that the members of the Tourist Board also discussed the reports of the Croatian Tourist Board on the consultations held with partners regarding the implementation of strategic projects in 2018. “The strategic goal of the Ministry of Tourism and the Croatian Tourist Board is to develop and position Croatia as an aviation destination, especially in the periods before and after the season, because in this way we will be able to talk about the full tourist year, not just the season.”, Concluded Minister Cappelli. The call for expressions of interest for the implementation of strategic promotional campaigns in emitting markets in 2018 will be published in Croatian and English, and communication with interested partners will be taken over by the Croatian National Tourist Board for its markets and the CNTB Head Office for others.last_img read more

Zagreb hosts MICE B2B forum

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first_imgOrganized by the Europa Congress from Prague and with the support of the Croatian Tourist Board and the Zagreb Tourist Board, the eighth edition of the Annual MCE Central & Eastern Europe Forum will be held in Zagreb from 18 to 20 February.The forum will bring together clients from around the world interested in convention and incentive offer of Central and Eastern Europe, hotels, DMCs, PCOs, congress offices, airlines… MICE B2B forum is a place of direct business meetings, socializing and business connections. The Croatian metropolis was chosen as the host city because of its rich historical heritage, lively cultural life, relaxed atmosphere and friendly atmosphere, as well as top gastronomic offer.Applications are open and more information is available on the website www.europecongress.comlast_img read more

GOP has earned people’s criticism

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first_imgThe POTUS’s narcissism manifests itself with a craving for adulation, i.e. being perceived as “strong” and “smart” (as he defines them) and for being wealthy. He can’t stand criticism, legitimate or not, and responds to critics with snark. He has a limited attention span, inconsistent policies and a tendency to resort to schmoozing, bullying, exaggerating, spinning and lying. These characteristics provide ample opportunities for criticism.The administration includes propagandists untethered from reality, along with social crusaders blindly committed to various causes and willing to ignore contradictory evidence and adverse consequences. Add an assortment of overactive egos and ambitions into the mix. There are more fertile grounds for words and actions that deserve criticism.GOP-elected officials solicit donations from the ultra-wealthy that they spend to persuade voters to elect them. The tax giveaway of 2017 will buy the GOP donations from the wealthy for years to come. The money will be used to placate some voters, to pay for emotional appeals to specious patriotism or against imaginary enemies, and to broadcast propaganda and lies. In the meantime, GOP officials tolerate a defective POTUS if it furthers their goals. It’s not that the GOP leadership hates the middle class. Rather, they just don’t care deep down. Serve the ultra-wealthy, manipulate the rest — another formula that generates criticism.Once upon a time, GOP leadership was honorable and GOP administrations earned admiration and loyalty. Sadly, the GOP has largely morphed into the party of greed, opportunism and propaganda. The 2018 midterm elections will be the next big opportunity to send the GOP a message on what it’s become, a thumbs-down.Jim SchlembachBallston LakeMore from The Daily Gazette:EDITORIAL: Urgent: Today is the last day to complete the censusPolice: Schenectady woman tried to take car in Clifton Park hours after arrest, release in prior the…EDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motorists Categories: Letters to the Editor, OpinionSome people complain that there’s excessive criticism of the current president of the United States (POTUS), the administration and GOP leadership. While I agree that there’s much criticism, there’s also much to criticize. Whatever you think the reason is, you can find some supporting evidence. This reflects the POTUS, administration officials and elected GOP officials having differing motivations and modus operandi.last_img read more

Can Queensland beat New South Wales on the property field?

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first_img23 Derby St, Vaucluse sold under the hammer for $7.6 million.In a week where state lines are drawn, tribal colours are worn and slander against interstate rivals is encouraged in the workplace, I thought I’d dive in and see how the Queensland vs. New South Wales property game would measure up.As a parochial Queenslander, I was feeling confident about this battle after a super successful night of auctions on Wednesday.I fired the gavel multiple times on the night with 15 out of 20 auctions sold either under the hammer or before by the end of the evening. Four of those properties sold above $2 million dollars, two of which were more than $3 million.There was an average of more than four bidders per property. So with my 75 per cent clearance rate, I opened dialogue with my good mate Jason Andrew, from Ray White in Sydney to see how they were measuring up.Jason told me that last week Ray White Double Bay had 14 auctions with 13 selling before or on the night. Their clearance was 95 per cent totalling $55 million in sales with two stand out sales at 8 Rupertswood Ave, Bellevue Hill for $8 million and 23 Derby St, Vaucluse for $7.6 million.Going through the numbers we put this one down as a win for the Blues and went on to game two.On Wednesday night with 14 registered bidders I auctioned 184 Annie St, New Farm. The property was on 354sq m and the word renovator is a generous description!It sold under the hammer, after a heated bidding exchange to $1.34 million.A renovator’s delight at 184 Annie St, New Farm sold at auction for $1.34 million. Picture: realestate.com.auAfter playing my ace I was eager to see Jason’s cards and hear what he’d sold in the last week that could top that.Casually, he told me about a modest one-bedroom unit in Potts Point that he sold last week. I started to feel queasy. The unit was at 481/50 Macleay St, Potts Point and from the photos online I could see it was well presented but tiny.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoBy my rough calculations from the floor plan it’s about 55sq m. As his tone started to get bolder I could hear his smile through the phone as he told me they sold the property under the hammer for $1.050 million – NSW clearly taking the win.Haesley Cush reckons the Sydney property powerhouse will continue to perform.We decided to continue our curiosity and had a quick look at the numbers. The first place to start is population, Sydney – 4.5 million Vs Brisbane – 2.2 million.We then compared five markets and the numbers of properties for sale in comparable suburbs in each state. Check out the numbers:Total properties for sale – based on suburb search in realestate.com.au:Brisbane 371 Vs Sydney CBD 144Ascot 94 Vs Double Bay 11New Farm 117 Vs Surry Hills 41Hamilton 207 Vs Bondi 25Fortitude Valley 161 Vs Darlinghurst 30In every area Sydney stock levels were considerably less than half the Brisbane equivalent. Add that to double the population and it’s a knockout property blow and a clean sweep for the Blues.With talk this week of the Sydney market easing, you struggle to see how with such a limited number of properties for sale and such a huge volume of people wanting to buy. Competition fuels confidence and with Sydney stock levels shrinking combined with its massive population it becomes a lot clearer as to why this property powerhouse has continued to perform in the face of naysayers over the last five years.last_img read more

Wednesday people roundup

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first_imgPBU – Sune Schackenfeldt has been named chief executive of the Danish pension fund for education practitioners, joining from PFA Pension, where he was a director. Schackenfeldt replaces outgoing chief executive Leif Brask-Rasmussen. Aviva Investors – Helen Driver has been named fund manager in the global equities team. Based in London, she joins from Legal & General Investment Management, where she was a fund manager. She has also worked at Standard Life Investments and is currently a member of the Asset & Liabilities Committee at the Social Investment Business.AXA – Angelien Kemna, chief finance and risk officer at APG, has been elected to the French insurer’s board. Kemna is also a board member at APG and was previously its CIO, joining after five years as chief executive of ING Investment Management Europe, where she spent three years until 2004 as director of investments.INDEFI – Ric van Weelden has joined the strategy consulting firm as senior adviser. Van Weelden has previously worked for Candriam Investors Group, where he was global head of client relations, and chief executive of Janus Capital International.Viego Eiris – Paul Hewitt has been named senior business development manager, joining after 12 years at Manifest. Hewitt began his career running European Social Fund projects at Southend Borough Council and Harlow District Council, before moving to Manifest. He also sits on the Pension Board of Essex County Council.IFM Investors – Alex Joiner has been named chief economist, a newly created role. Joiner previously worked as chief economist at Bank of America Merrill Lynch in Australia, and has also worked at ANZ Bank. He will join IFM in July, reporting to chief commercial officer Joshua Lim. PFA, PenSam, AP4, SPP, PBU, Aviva Investors, Legal & General Investment Management, AXA, INDEFI, Candriam Investors Group, Viego Eiris, Manifest, IFM Investors, Bank of America Merrill LynchPFA ­– Torben Dalby Larsen has been voted in as chairman of PFA’s supervisory board, replacing Svend Askær, who is stepping down after being in the role since 1999. Niels-Ulrik Mousten and Peter Ibsen have been voted in as deputy chairmen. Dalby Larsen, who has been deputy chairman of the supervisory board at the Danish pensions group since 2015, is chief executive and editor in chief of media group Sjællandske Medier. Of the two deputy chairmen, Mousten is new to the board and is a director of Netsuom Aps. He was previously chief executive at Danske Capital. Ibsen has been a member of the PFA supervisory board since 2008. Lasse Grønbech and Lone Engberg Thomsen were also voted in as members of the supervisory board at the group’s general meeting.PenSam – Morten Hemmingsen has been named the pension provider’s director of investments, replacing outgoing CIO Benny Buchardt Andersen. Hemmingsen was previously the provider’s head of fixed income and equities. He was promoted at the beginning of May.AP4 – Sarah McPhee has been named chair of the Swedish buffer fund, replacing Monica Caneman. McPhee was previously chief executive at insurer SPP, and spent four years as CIO at AMF. Before then, she was head of ALM at AP4. last_img read more

Gold Coast real estate: Buy your own Hinterland motel

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first_img MORE NEWS: Gold Coast suburb’s huge price jump Arriving at Tall Trees Motel. One of the room. MORE NEWS: Penthouse on the market for the first time since it was built More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“This property offers fantastic earning potential in one of Tamborine Mountains most popular locations, across the road from Curtis Falls Waterfall and the Joalah section of Tamborine National Park,” marketing agent Amir Mian, principal of Amir Prestige Property Agents, said.“The motel is ideally situated halfway between Gallery Walk and Main Street, close to schools, shops and cafes, and only a short drive away from Tamborine Mountain’s many wineries.”The motel sleeps 36 guests and includes eight airconditioned rooms and laundry facilities.It is halfway between Gallery Walk and Main St. Tall Trees Motel is on the market.If you have ever wanted to own a motel, here is your golden opportunity.Tall Trees Motel, nestled on a picturesque 4,487sq m parcel on Tamborine Mountain, provides the perfect weekend escape or midweek getaway.On the market at $2.2 million, the sprawling estate could provide its new owners with a tree change alongside a new career in hospitality.The property, at 9 Eagle Heights Rd, is surrounded by lush green rainforest, giant hum trees and features the charming Cedar Creek running along one side. The motel is surrounded by lush gardens.last_img read more

Three men sentenced to imprisonment following a drug bust earlier this week

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first_imgLocalNews Three men sentenced to imprisonment following a drug bust earlier this week by: – September 23, 2011 37 Views   one comment Sharing is caring! Share Tweetcenter_img Share Share Image via: mtn.18.comJimmy Alexander, Damian David and Oliver Benta have been sentenced to serve jail time following their arrest on Monday after a drug bust at sea in the North of the island.Public Relations Officer Sergeant Kenth Matthew reported to the media last week that about 8:30 pm on Sunday 18th September, the Coast Guard intercepted an open keel boat powered by two 40 horse power Yamaha outboard engines.He further reported that aboard the boat was a crew of two male adults, four male adult passengers and one male juvenile passenger and that Cannabis and cocaine were also found.Oliver Benta of Fond Cole was sentenced to 9 months imprisonment on charges of possession of cocaine and marijuana and possession with the intent to export cocaine and marijuana.Damian David of Goodwill received a 15 month jail sentence for possession of cocaine and marijuana with intent to export.Jimmy Alexander of Portsmouth the captain of the boat, pleaded guilty to all the charges was sentenced to an 18 month prison term.The fourth Defendant Lee Sylvester of Dublanc pleaded not guilty to the charge of possession of marijuana was fined $1000 to be paid by November 30; in default he will face three months jail imprisonment.Three other men who were arrested during the drug bust at sea were released for want of prosecution.The street value of cocaine seized is $15,800 while the marijuana is worth $3000.Dominica Vibes Newslast_img read more

Hawaii man nabbed over ‘extreme stalking’ case

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first_imgThe Gilmore family was “tormented”during the year-plus that the “extreme cyberstalking” endured, U.S. AttorneyJohn Huber said Tuesday at a news conference. WASHINGTON – United Sates prosecutors have arrested a Hawaii man they accuse of sending hundreds of unwanted service providers and others to a Utah home, including plumbers and prostitutes. It took investigators time to gatherenough evidence to charge Okamura because of his use of encryption and appsthat made him appear anonymous, Huber said. (AP) Investigators had been focused onOkamura as the suspect since January when the Gilmores were granted aprotective injunction in Utah. center_img Okamura, 44, targeted a father and her adultdaughter, sending the woman threatening messages and posting her picture andaddress online, authorities said. One posting said the homeowner wanted drugsand prostitutes at the house in a quiet, middle-class neighborhood in a SaltLake City suburb. Loren Okamura was arrested Friday inHawaii following his indictment last month on charges of cyberstalking,interstate threats and transporting people for prostitution, court documentsshow.last_img read more