CUNA urges OCC to ensure CUs remain out of CRA

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA strongly advocated against efforts to have the Office of the Comptroller of the Currency (OCC) recommend that the Community Reinvestment Act be expanded to apply to credit unions in a letter written Tuesday. CUNA responded to an advanced notice of proposed rulemaking from the OCC on reforming the CRA regulatory framework.“As the OCC considers the steps needed to modernize the CRA, it is essential for the Agency to be mindful of the distinctions between banks and credit unions,” the letter reads. “Accordingly, CUNA, credit unions, and the 110 million members they serve, urge the OCC to reject calls to recommend expanding CRA to apply to credit unions. We believe that a recommendation to that effect would be wholly inappropriate given CRA’s inapplicability to credit unions and the OCC’s lack of authority over credit unions.”The letter goes on to note that, without being subject to the CRA, credit unions have a strong record throughout their history of meeting the needs of traditionally underserved communities as part of their mission.last_img read more

Judge denies requests to drop admissions case

first_img“The Government offered no explanation for its delay in producing the exculpatory information, though its sur-reply revealed that the information had been in its possession for at least two months,” the motion read. “And the Government once again reiterated that it was ‘not withholding exculpatory evidence.’” “Singer’s notes reveal the Government’s efforts to fabricate inculpatory evidence against Defendants, including by drafting scripts to guide Singer during calls,” the memorandum accompanying the motion read. “Other evidence in the case shows that Singer followed the Government’s directions and further undermines the substance of the recordings.” The defendants also accused the prosecution of manipulating scheme organizer William “Rick” Singer’s testimony when prosecutors released notes from Singer’s iPhone that called the government’s interrogation “loud and abrasive.” Singer’s notes also claimed that a prosecutor had told him to lie about having told the parents he worked with that their payments would fund legitimate causes rather than bribes. The motion submitted in March asked that the charges be waived due to the alleged coercion and the delayed release of evidence. “After consideration of the extensive briefing, affidavits and other information provided by the government and defendants, the Court is satisfied that the government has not lied to or misled the Court,” the memorandum read. A judge overseeing the Operation Varsity Blues case will not be dismissing charges against the parents in the scandal, he wrote in a memorandum entered into federal court Friday. The filing follows motions by the defendants requesting the case be dropped in light of allegations of prosecutorial misconduct. The 14 parents who have pleaded not guilty in the college admissions case filed a motion in March alleging that government investigators deliberately withheld evidence and that the delays in releasing the documents obstructed the parents’ ability to construct a defense. Singer’s documents do not evidentiate claims that the prosecutors extrapolated his witness statement inappropriately, Gorton wrote. According to the filing Friday, the questioning discussed in the notes was not directly related to the parents named in the case, but rather to another scheme Singer was planning to recruit new parents, and Singer wrote the notes before agreeing to fully cooperate with government prosecutors. Waiving charges is admissible only in cases of egregious government misconduct and lacks precedent in the Massachusetts District Court, where the admissions case is being heard, U.S. District Judge Nathaniel Gorton wrote in the memorandum. He contended that insufficient evidence had been presented to legitimately accuse the government of intentional investigatory wrongdoing. Judge Nathaniel Gorton stated that the evidence of alleged misconduct by government prosecutors was inadequate to merit the dropping of charges in the admissions case. (Daily Trojan file photo) “To the extent the defendants are dissatisfied with Singer’s purported denials of any wrongdoing in connection with his rehearsed telephone calls, they will have ample opportunity to cross examine him if and when he testifies at trial,” Gorton wrote in his memorandum. The 14 parents, 11 with USC ties, who have pleaded not guilty and are fighting charges in the college admissions case will stand trial in Boston federal court beginning Oct. 5. The case is expected to proceed as planned despite interruptions to normal courtroom proceedings due to the coronavirus pandemic.last_img read more

Fans who wish to go to Ireland must submit Visa Requests as soon as possible

first_imgFootball Federation of Bosnia and Herzegovina invites the fans of the national teams to submit requests for visas for Ireland as soon as possible.On the occasion of the rematch of playoffs for the European Championships which is to be held in Dublin on November 16, 2.500 tickets for the stadium Aviva is reserved for BH fans.“We kindly ask the fans of BH national football team who intend to travel to Dublin to the rematch of playoffs for the European Championship between the Republic of Ireland and B&H to submit the requests for the issuance of visas for the entrance to Ireland as soon as possible”, stated the announcement by the FF B&H.The Federation reminds that the Embassy of the Republic of Ireland in Ljubljana is in charge of issuing visas for BH citizens.Republic of Ireland and B&H have played only one match so far, and the first match of the playoffs will be played in Zenica on November 13, starting from 8:45 p.m.(Source: klix.ba)last_img read more