CFPB Seeks to Address PACE Financing Rules

first_img in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Home / Daily Dose / CFPB Seeks to Address PACE Financing Rules March 4, 2019 1,391 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save On Monday, the Consumer Financial Protection Bureau (CFPB) issued an Advance Notice of Proposed Rulemaking (ANPR) on residential Property Assessed Clean Energy (PACE) Financing. The rule will address the direction given to the bureau on PACE financing under the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) that was signed into law in May 2018, CFPB said in a statement.“Today’s action is the next step in the Bureau’s efforts to implement the Economic Growth, Regulatory Relief and Consumer Protection Act as expeditiously as possible,” said Kathleen L. Kraninger, Director, CFPB. “I look forward to reviewing the comments in response to the questions we are asking to facilitate the required rulemaking.”Through the ANPR, the consumer watchdog is seeking information on written materials associated with PACE financing transactions, current standards and practices in PACE financing originations, civil liability under Truth in Lending Act (TILA) for violations of the Ability to Repay (ATR) requirements related to PACE financing as well as rescission and borrower delinquency and default, unique features of PACE, and potential implications of regulating PACE financing under TILA.According to the ANPR, PACE financing has been defined in the EGRRCPA as “financing to cover the costs of home improvements that result in a tax assessment on the real property of the consumer.” The law also directs CFPB to prescribe regulations that achieve two purposes on PACE financing, the CFPB said.The first objective is to carry out the purpose of TILA’s existing ATR requirements even for PACE financing. The existing ATR requirements prohibit creditors from making a residential mortgage loan unless they make a “reasonable and good faith determination” based on verified and documented information on the consumer’s ability to repay that mortgage. The ATR requirement is “to assure that consumers are offered and receive residential mortgage loans on terms that reasonably reflect their ability to repay the loans and that are understandable and not unfair, deceptive, or abusive.”The second objective, according to the CFPB relates to the regulations implementing EGRRCPA’s section 307 must apply TILA’s general civil liability provision for violations of the ATR rules that will apply to PACE financing. “That provision sets forth damages for TILA violations generally, as well as specific penalties for violations of the current ATR requirements.” ATR CFPB default Delinquencies EGRRCPA PACE financing Rules TILA 2019-03-04 Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Radhika Ojha Tagged with: ATR CFPB default Delinquencies EGRRCPA PACE financing Rules TILA Previous: Managing Risk in a Changing Mortgage Environment Next: Owning vs Renting in the Largest U.S. Metroscenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB Seeks to Address PACE Financing Rules Sign up for DS News Daily Subscribelast_img read more

The Latest: 6 Portuguese stadiums fail health inspections

first_imgThe Latest: 6 Portuguese stadiums fail health inspections Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The Portuguese soccer federation says six of the 15 stadiums seeking to host matches when the league resumes next month amid the coronavirus pandemic have failed health inspections. The players from the second-division club had not practiced this week as a protest for not being taken off furlough. They had only trained individually at home.The club says it met with players and decided to change their furlough conditions now that group sessions have begun and their workload increased.Most soccer clubs in Spain used government furloughs to reduce their labor costs during the coronavirus pandemic.Players from second-division club Elche also refused to practice at the team’s training center last week and the club also eventually complied with their demands.The Spanish soccer season is expected to resume on the second weekend of June. Asahi newspaper president Masataka Watanabe says “the decision is needed to protect the health of the players, officials and fans.”The high school tournament has showcased some of the biggest stars in Japanese professional baseball. They include major leaguers like Ichiro Suzuki, Daisuke Matsuzaka and Hideki Matsui.The summer tournament was scheduled to start in August at Koshien Stadium in Nishinomiya. A smaller spring tournament was canceled earlier.___Rayo Vallecano players have returned to training after the Spanish soccer club accepted some of their salary demands. All stadiums must comply with a series health measures established by local authorities to be able to host matches.The federation says the stadiums for league leader Porto and second-place Benfica were among the nine stadiums that passed the inspections conducted by local health authorities.The stadiums that failed belong to smaller clubs. They will be allowed to make changes to their venues before another inspection is conducted.The Portuguese league was set to resume at the end of May but its start was delayed until June 4 so there was time to rigorously inspect stadiums and conduct medical tests on all professionals involved in the matches.The league was stopped with Porto leading Benfica by one point with 10 rounds to go. May 20, 2020 Baer-Hoffmann says the vast majority of soccer players are “under the same financial pressures as the rest of society.”___Tottenham is looking into whether defender Serge Aurier has broken social-distancing rules for the third time.Aurier posted a picture on Instagram on Tuesday appearing to show off a new haircut and sitting next to a stylist who was tagged in the post.The Premier League club says it is “investigating the circumstances and will deal with the incident appropriately.”center_img France came out of lockdown on May 11. Toulon hopes players can train in groups of 8-12 in July and return to full training in August.___Japan’s beloved high school baseball tournament has been canceled because of the coronavirus pandemic.The tournament is a huge annual event in Japan and is followed much the way Americans follow the college basketball tournament.The Japanese High School Baseball Federation says the cancellation was the first since World War II. The 27-year-old right back has been forced to apologize twice for breaking lockdown rules during the suspension of the Premier League because of the coronavirus pandemic. He posted a video of himself running with a friend and also training with Tottenham teammate Moussa Sissoko.___French rugby club Toulon plans to resume training next month in small groups of three players amid the coronavirus pandemic.The three-time European champions say their players and coaching staff will have blood and heart tests next week at their training center.The groups of three will jog, do bodybuilding and work on their fitness levels in specially marked zones to avoid contact with others. Associated Press ___Soccer players in Africa and the Americas are receiving food packages from their union while the sport is shut down because of the coronavirus pandemic.Players in Botswana, Egypt, Colombia, Honduras, Panama, Paraguay and Uruguay were identified as getting food aid by world players’ union FIFPro.FIFPro general secretary Jonas Baer-Hoffmann says some players “are being stranded in terms of income.”FIFPro represents players in 65 countries. The union says most players have contracts paying them salaries comparable to national averages. ___More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

Humboldt State goalkeeper Chris Cherms at the center of the Jacks’ 5-1 start to the season

first_img“I came … Arcata >> As his senior season went on at Arcata High School, there weren’t many options for Chris Cherms to continue his soccer career at the college level.He suffered a knee injury right out of the gate, limiting both his playing time and any kind of exposure he could have potentially gotten from coaches at the next level.“At that point, I kind of packed it in,” Cherms recalled.But one option still sat there — and it just so happened to be at the college closest to him.last_img

Government condemns police brutality

first_img15 March 2013 Police Minister Nathi Mthethwa has described the latest incident of alleged police brutality, in Lomanyaneng in North West province, as an embarrassment to the South African Police Service (SAPS). Mthethwa, adding his voice to a chorus of condemnation of recent incidents of police brutality in the country, said police officers should be working with communities, fighting crime within the framework of the law, and not abusing the law. “We condemn any act of police brutality as such incidents are not what we want to see or want to become accustomed to, in a democracy that is bound by the rule of law, and where we have many dedicated police officers who continue to serve with excellence,” Mthethwa said in a statement on Friday. “We must all as society mobilise and sustain a campaign against any police brutality and lawlessness. “Critical in fighting crime is the campaign to weed out elements within the criminal justice system who are engaged in various acts of crime, even if it involves our own officers,” he said.Police sergeant arrested for assault The police in North West province on Wednesday arrested one of their colleagues, aged 37, after he allegedly grabbed a complainant by his neck and dragged him behind a police vehicle for about 100 metres. According to the Independent Police Investigative Directorate (IPID), this was after the complainant had advised a boy whom he reportedly saw police harassing while on his way to a tuck shop at around 8.30pm in Setlopo village. After the police had finished talking to the boy, the complainant had reportedly called the boy to advise him about what to do should he feel that he had been badly treated by the police. The victim, a court interpreter at Molopo Magistrate’s Court, sustained injuries to his feet during the incident and was taken to hospital by his neighbour. He has since been discharged from the hospital. It is alleged that the police sergeant had allegedly asked the victim if he knew what the police were capable of these days. Police provincial spokesperson, Brigadier Thulani Ngubane, said a case of assault with intent to do grievous bodily harm had been opened against the 37-year-old sergeant. Ngubane said the officer, who had been on duty in full police uniform and driving a marked police vehicle at the time of the incident, was arrested on Wednesday and was due to appear before the Mmabatho Magistrate’s Court on Friday.Cabinet condemns violence The incident follows the death of Mozambican taxi driver Mido Macia, who was dragged behind a police van by a number of police officers in Daveyton, east of Johannesburg, in February. At its fortnightly meeting this week, the Cabinet condemned these and other recent incidents of violence in the country, saying they had no place in a democratic South Africa. “Whilst Cabinet notes that violence was part and parcel of life under apartheid, it does not define who we are today as South Africans,” acting Cabinet spokesperson Phumla Williams told journalists in Pretoria on Thursday. Commending the swift action taken by National Police Commissioner Riah Phiyega, who suspended the police allegedly involved in death of Mido Macia, Williams reiterated the Cabinet’s call on all communities to stand up against violence and seek peaceful ways of resolving conflicts. Source: read more

Savor the Flavor this Holiday Season While Remaining Mindful about Nutrition

first_imgby Joanna ManeroThe holiday season is quickly approaching.  For clients trying to maintain or even lose weight, the holidays are stressful.  They may feel anxiety about holiday parties, family gatherings, and feel like they will have to miss out on all of their favorite foods.  The American Heart Association has put out a Holiday Guide to Healthy Eating.  In this blog post, I will highlight some of the tips that I found most helpful.  Please visit the link below for the complete guide.Some holiday favorites are packed with fat and sugar; to help keep the calories to a minimum without missing out, follow the tips below:BeveragesRead the labels– Compare and contrast within different brands of your favorite holiday drinks. Pay special attention to serving sizes between brands as they may not be on the same scale.Go easy on the toppings-To save yourself some unnecessary calories, skip out on the marshmallows and whipped toppings on your beverage.Mix it up– Fill your glass with half water or skim milk to save yourself some calories on drinks like egg nog and apple ciderWatch the base– When making drinks, make sure to use low-fat milk or water as bases rather than full-fat milk or crème.Avoid the alcohol– Stick to non-alcoholic or “virgin” drinks when you can to avoid extra calories.MealsSavor the Flavor– Use herbs and spices to season your food in place of salt and butter.Make smart choices– Go for the lighter pieces of turkey as they contain fewer calories and fat.Gravy– Keep the gravy to 1 tablespoon portion or less.  Gravy is typically high in fat and sodium.Fill up before the meal– Make sure you eat a substantial breakfast before your gathering to avoid overeating.Get involved-To control what is served, volunteer to help plan the menu for the holiday party, or cook some of the meal.Fill up on veggies– Often a good source of fiber, these will help control your appetite while providing nutrients. Watch out for vegetable casseroles as they are often made with crème bases and fatty cheeses.Share dessert– If you love dessert, partner up. Share dessert with a friend to cut your portion in half.Finally, the guide covers the importance of staying physically active during the holidays.  It is recommended to get at least 150 minutes a week of moderately vigorous physical activity.  Being active may be harder to achieve during the holidays than during the rest of the year.  Tucker and Gilliland found that physical activity decreases with extreme weather and that a seasonal effect plays into account. (Tucker and Gilliland, 2007) It’s important for dietitians living in colder regions to continue to encourage physical activity through the season.    Here are some tips on how to stay active during the holidays:Physical ActivityJoin a gym– If the cold weather isn’t for you, join a local gym. Find a workout plan that you will stick to and enjoy.  Group fitness classes may be fun and motivating if you haven’t tried them.  Try to go with a friend. Find what works best for you and your schedule.Play outside– It’s the holidays, time for family fun! Pick up the sled and join in on the fun this winter, try ice skating with family and friends, or even walk down the neighborhood and look at the Christmas lights.Join an indoor league– If sports are your thing, try to join an indoor league. It won’t feel like exercise once you get back into the competitive spirit.Little steps– Don’t forget about the little ways you can increase your activity this winter. Take the stairs over the elevator or go for a walk during your lunch break.Do you have tips we missed? We’d love to hear them!  Please leave them below.AHA Holiday Eating GuideTucker, P., Gilliland, J., The effect of season and weather on physical activity: A systematic review. Public Health, Dec 2007 Vol. 121, Issue 12, Pages 909–922.8 Ways to Stay Active This Winter (Infographic)This was posted by Robin Allen, a member of the Military Families Learning Network (MFLN) Nutrition and Wellness team that aims to support the development of professionals working with military families.  Find out more about the MFLN Nutrition and Wellness concentration on our website, on Facebook, on Twitter, and LinkedIn.last_img read more

Disppointing show by Indian shooters; Meema-Tejaswini miss gold

first_imgIt turned out to be a disappointing day for Indian shooters with the pair of Tejaswini Sawant and Meena Kumari missing out on a gold by just one point to settle for a bronze in the 19th Commonwealth Games here today.Even in the skeet event, the Indian pair of Mairaj Ahmad Khan and Allan Daniel Peoples finished a disappointing final as the country had to be content with only one bronze medal in shooting at Karni Singh Shooting Range.The first Indian woman to win a World Championship, Tejaswini was done in by pressure as she along with her teammate Meena Kumari faltered by just one point in the women’s 50 metres rifle prone.Scottish duo of Jen McIntosh and Kay Copland clinched the gold in the shoot-off against the English pair of Michelle Smith and Sharon Lee after they were locked on 1169.World champion Tejaswini shot 583, two less than Meena Kumari as the duo shot 1168, in a heartbreaking miss by one point.”I got over conscious because I didn’t want to commit any mistake. Even my coach told me that I was getting over conscious,” Tejaswini said.The Kolhapur girl had earlier won a silver in pairs 50m rifle 3 position along with Lajja Goswami.”Honestly, I am feeling a little bad on losing by just one point. We both are good shooters with very high personal scores. Even our normal performance would have fetched a gold,” a dejected Tejaswini said.Tejaswini had won a gold medal at the World Championships in Munich in August.advertisement”Obviously, I will train because the disappointment and sadness I am going through now, needs to be covered up. I have to get my rhythm back,” Tejaswini said.”I read motivational books whenever I get time in between. It improves concentration and inspires me. My favourite author is Shivaji Sawant,” she said.Her partner Meena Kumari was equally disappointed.”I am not happy that I got bronze because the difference in the scores of the winning teams was only one point. That’s why I am feeling all the more bad.”I lost my rhythm in between, so that delayed my shots. I feel I made a mistake. Now, I want to train so that I don’t repeat my mistakes in tomorrow’s match,” Meena Kumari said.In the second event of the day, the skeets duo of Khan (94) and Peoples (92) finished fifth.Cyprus duo of Georgios Achilleos and Andreas Chasikos equalled Games record of 194 to claim the gold.Canada and England took the silver and bronze respectively.last_img read more


first_imgSinger Alexander Stewart began posting covers of popular songs on YouTube about three years ago. When the videos started to take off, he began to consider his aspirations more seriously. (CHRIS YOUNG / THE CANADIAN PRESS) Facebook Twitter Advertisement “It was such a healing moment and a beautiful thing for the community to come together like that,” Stewart says of the experience, which marked the opening of the area’s Taste of the Danforth Festival.The young singer had already sung “Hallelujah” at the Danforth candlelight vigil last month. His performance led organizers to ask him to return for the annual street festival and he was also invited to open Billy Talent’s benefit concert for the victims on Saturday.It’s a sombre point to Stewart’s burgeoning music career, which he’s built from his parents’ home in the Danforth neighbourhood where his father also owns a recording studio. Both his parents worked at The Canadian Press several decades ago. LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Stewart began posting covers of popular songs on YouTube about three years ago. When the videos started to take off, he began to consider his aspirations more seriously. Eighteen-year-old singer Alexander Stewart has played for big crowds and pulled in millions of views on his YouTube videos, but performing a rendition of “Hallelujah” for Prime Minister Justin Trudeau at a public tribute was something special.Stewart delivered a poignant rendition of Leonard Cohen’s classic on Friday to honour the victims of the Danforth shooting that shocked the Greektown community where he grew up. The prime minister quietly sang along while standing beside him. Login/Register With: Advertisementlast_img read more

Extra transit services in San Diego during New Years Eve

first_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI)- If you are going out for New Year’s and don’t want to drive, MTS is offering extended services past midnight to help you out. Twelve trains will be running after the countdown and every line will have a trolley running past 2 a.m.If you’re already stressed about parking, you can leave your car at their park and ride locations for free then get a ride.Also, if you take Lyft to and from the trolley station you’ll get $5 off your ride. Make sure to use code  MTS Lyft.Lastly, there will be an increase in law enforcement all around San Diego to ensure safety. December 28, 2018 Posted: December 28, 2018 Extra transit services in San Diego during New Year’s Eve KUSI Newsroom KUSI Newsroom, Categories: Local San Diego News FacebookTwitterlast_img read more