Astoria Investments Limited ( Q32016 Interim Report

first_imgAstoria Investments Limited ( listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2016 interim results for the third quarter.For more information about Astoria Investments Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Astoria Investments Limited ( company page on AfricanFinancials.Document: Astoria Investments Limited (  2016 interim results for the third quarter.Company ProfileAstoria Investments Limited is an investment company with permanent capital. The company runs its operations in the United States, Europe, Asia, South Africa and Mauritius. Astoria Investments invests in global equity dominated holdings of primarily direct, high quality listed businesses. The company invests in sectors such as technology, insurance, pharmaceutical, entertainment, financial, consumer products, retail and transportation. Astoria Investments Limited has a primary listing on the Stock Exchange of Mauritius and a secondary listing on the Johannesburg Stock Exchange.last_img read more

Cardiff Blues v Ospreys live stream: How to watch from anywhere

first_imgWe recommend VPN services in the context of legal recreational uses. For example:Accessing a service from another country (subject to the terms and conditions of that service)Protecting your online security and strengthening your online privacy when abroadWe do not support or condone the illegal or malicious use of VPN services. Consuming pirated content that is paid-for is neither endorsed nor approved by Future Publishing. Replacements: 16 Dewi Lake, 17 Nicky Smith, 18 Nicky Thomas, 19 Adam Beard, 20 Morgan Morris, 21 Reuben Morgan-Williams, 22 Mat Protheroe, 23 Keiran Williams.Here’s how to find a reliable live stream for Cardiff Blues v Ospreys wherever you are.How to watch Cardiff Blues v Ospreys from outside your countryIf you’re abroad but still want to watch your local Pro14 coverage, like Cardiff Blues v Ospreys this Sunday, you can do so by using a VPN – Virtual Private Network.VPNs allow you to get around any geo-blocking by changing your IP address so you appear in a different location and can watch the same legal Premiership live stream you would at home.Our friends at TechRadar have tested hundreds of VPN and recommend ExpressVPN, which is easy to use, has strong security features and allows you to watch on several devices at once, including smart TVs and phones, iPads, tablets, PCs and Macs.Plus, ExpressVPN comes with a 30-day money-back guarantee. You can try it out for a month for free or sign up for an annual plan and get three months free.Check out ExpressVPN Cardiff Blues v Ospreys live stream: How to watch from anywhereThis match brings a change of venue for hosts Cardiff Blues, who welcome the Ospreys to Newport’s Rodney Parade for this battle of the Guinness Pro14 basement dwellers. The switch of ground is necessary because Cardiff Arms Park remains a part of Dragon’s Heart Hospital during these fraught times.The encounter offers both clubs an opportunity to sign off the 2019-20 season on a positive note following disappointing campaigns. Blues will hope to banish from their minds last weekend’s 32-12 defeat at Scarlets, when their woes were compounded by a shoulder injury that has ruled out Wales scrum-half Tomas Williams for three to four months.Second to bottom of Conference B, Blues make 13 changes to that losing line-up, with only Josh Turnbull and Josh Adams retained in the starting XV. Josh Navidi returns at No 8 and leads a side featuring a new-look midfield partnership in Max Llewellyn and Garyn Smith.New signing Sam Moore, recruited from Sale Sharks this year, could make his debut from the bench while fellow replacement Ioan Davies is in line for just his second Pro14 appearance.Keiron Assiratti, involved against the Scarlets, has joined Bristol Bears on a short-term loan as the English club bolster their tighthead resources following injuries.Going again: Josh Turnbull, one of only two Blues players retained from the XV against Scarlets (Inpho)Blues coach John Mulvihill said: “We were disappointed with last week and didn’t give ourselves a chance to get a foothold in the game. It didn’t feel like a derby, we were flat and we need to bring that intensity this week.“It’s an opportunity to play a lot more of the squad and across these two derbies we will see 30-odd players get game time. It’s a chance for a lot of young boys to put their hands up for selection in October.“They will be led by Navs, who could have played last week but we didn’t want to rush him. He is a good leader who leads by his actions on the pitch and the boys will get behind him. He’s an experienced campaigner who will bring that added spark.“The Ospreys will be another big test: they do the basics well, work hard for each other, are hard to break down and always stay in the contest. We need to match their physicality and we’ve selected a direct side to do that.”The visitors, under new head coach Toby Booth, have retained the spine of the side that drew 20-20 with the Dragons. Ten defeats in 14 league matches – and bottom place in Conference A – tells its own story. But there was a resilience on view last week in Swansea, Ospreys going close to victory despite losing a man after 14 minutes. That followed a first red card in his pro career for George North for a dangerous tackle, bringing him a four-match suspension.Suspended: Ospreys wing George North leaves the field after his red card against Dragons (Inpho)Justin Tipuric will captain the Ospreys for the 50th time, Bradley Davies comes into the starting line-up alongside Alun Wyn Jones, and Rhodri Jones returns after a lengthy lay-off.Stephen Myler, brought in as cover for long-term absentee Gareth Anscombe, and Rhys Webb will again steer the ship at half-back. And Swansea-born Mat Protheroe, signed from Bristol this year, is set to make his Ospreys debut off the bench.The reverse fixture last December saw the Blues win 19-16 – their first league success in Swansea since 2005. They had three players sin-binned that day but edged home in large part because of a brilliant Tomos Williams chip that Jarrod Evans touched down for a second-half try. Watch all the highlights of that match here…Cardiff Blues: Matthew Morgan; Jason Harries, Garyn Smith, Max Llewellyn, Josh Adams; Jason Tovey, Lloyd Williams; Corey Domachowski, Liam Belcher, Dmitri Arhip, Seb Davies, Josh Turnbull, Shane Lewis-Hughes, James Botham, Josh Navidi (capt).Replacements: 16 Ethan Lewis, 17 Brad Thyer, 18 Scott Andrews, 19 James Ratti, 20 Sam Moore, 21 Lewis Jones, 22 Ben Thomas, 23 Ioan Davies.Ospreys: Dan Evans; Dewi Cross, Owen Watkin, Tiaan Thomas-Wheeler, Luke Morgan; Stephen Myler, Rhys Webb; Rhodri Jones, Scott Otten, Tom Botha, Bradley Davies, Alun Wyn Jones, Olly Cracknell, Justin Tipuric (capt), Gareth Evans. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Cardiff Blues v Ospreys live stream: How to watch from the UKCardiff Blues v Ospreys, which kicks off at 5pm today, will be shown live on Premier Sports 1 in the UK.Premier Sports show every Guinness Pro14 match live in the UK. If you have a Sky or Virgin Media contract, you can add Premier Sports to your package from £9.99 a month.Or subscribe to Premier Player so you can stream matches online from £9.99 a month or £99 for 12 months, which would include the 2020-21 Pro14 season too. That starts on 3 October.See Premier Sports offersIf you’re from the UK but are overseas when there’s a particular match you want to watch, you can get your normal live stream but you’ll need a VPN – see the information above.Cardiff Blues v Ospreys live stream: How to watch from EuropeIf you’re in Austria, Germany, Italy or Switzerland, you can watch Cardiff Blues v Ospreys (6pm kick-off) through the live and on-demand streaming service DAZN. It’s compatible with smart TVs and phones, tablets, PCs, streaming sticks, set-top boxes and gaming consoles.Cardiff Blues v Ospreys live stream: How to watch from New ZealandIf you want to tune in to Cardiff Blues v Ospreys from New Zealand, the match kicks off at 4am on Monday on Sky Sport NZ 1.It costs $31.99 a month to add Sky Sport to your Sky Starter pack ($25.99), but if you sign up for 12 months before 30 September 2020 you’ll get your first month free. Plus, you’ll get Sky Go, which allows you to watch live rugby wherever you are.Sky Sport NZ offercenter_img Braced for contact: Ospreys’ Adam Beard dips into a tackle during his side’s loss to Blues last year (Inpho) Both teams hope to finish the season on a high as thoughts swing towards the 2020-21 campaign. With the Arms Park unavailable, the match is being played at Rodney Parade Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter.last_img read more

The world’s richest

Advertisement Howard Lake | 8 March 2000 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The world’s richest About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Where can you find details of the world’s richest people? Forbes magazine lists them online by net worth, country and alphabetically, and has done so since 1996. Seven of the top ten richest are Americans.Find out more about the world’s richest people at  14 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis read more

Age Concern England renews contract with PTF

first_img Howard Lake | 18 March 2007 | News Tagged with: Consulting & Agencies Individual giving About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Age Concern England renews contract with PTF AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Age Concern England have renewed their contract with Personal Telephone Fundraising Limited and will be working exclusively with the Brighton-based outbound telemarketing agency over the next year to retain and develop their active cash and regular donors by telephone.Carol Boyes, Fundraising Manager at Age Concern, said: “We have worked with PTF for over four years, and have been impressed with the consistently high quality of their fundraising calls, their strategic input and ./guidance and their flexibility to our needs.“Telephone fundraising forms an important and integral part of our overall fundraising strategy, and we look forward to working with PTF to further develop and enhance our telephone activity this year.” Advertisementlast_img read more

PDF of March 11 issue

first_imgDownload the PDF.Release Mumia now! Workers are not robotsALSO:On the picket lineWhere has all the soil gone?Book ban challengedSupport for #BAmazon growsVaccine racismBuffalo antiwar actionThey’re capitalists, not Neanderthals WOMEN’S HISTORY MONTH:Breonna TaylorKhalida JarrarWarehouse memoir EDITORIALS:The true AmazonsThe REAL culprit TEAR DOWN THE WALLS:Bay Area: Prison profits out!Jailhouse Lawyers SpeakFree Palestinian students!COVID lockdown in prisonGLOBAL:Palestine pandemic crisisHaiti struggle continuesDownload the PDF.More PDF back-issues here.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

American Farm Bureau Wants Trade and Clean Water Progress in 2020

first_img American Farm Bureau Wants Trade and Clean Water Progress in 2020 Facebook Twitter FB-focuses-on-trade-and-clean-waterAmerican Farm Bureau is now fully focused on 2020 and hoping for progress on trade negotiations and regulatory changes that would benefit agriculture. Final passage of USMCA could happen soon, and Executive Vice President Dale Moore says farmers are looking forward to the eventual “Phase One” trade deal with China being signed in just days. But clean water is still counted as unfinished business.“We’re anticipating that EPA and Administrator Wheeler and his team are soon going to put the final signature on the new Clean Water Rule that will get us out of this fight we’ve been in for years. We’ve certainly got to get U.S.-Mexico-Canadian Agreement finished up. We’re looking to the next phase of the discussions with Japan to expand on some of the gains we’ve made.”Some are wondering if there will be another round of payments under the Market Facilitation Program. Moore cautions farmers on that one.“I would have to say that right now, I would not encourage folks to hold their breath. Our hope is that some of these changes that have been made on the tariff war with China will calm down a bit and we’ll see that marketplace return and see more imports of U.S. goods by China that will help push those prices up.”Moore also says Farm Bureau members want the organization focused on the various aspects of sustainability.“They certainly want us to be engaged, making sure that we are part of the discussion, look for ways that give them the opportunity to be partners in this process. Sustainability means that I’m making progress not only on the conservation front, on the environmental front, but also keep my farm going for that next generation. That’s one of the things that’s very important.”On USMCA, now that the Senate Finance Committee has agreed to send the U.S.-Mexico-Canada Agreement to the full Senate, there is speculation about how soon it will be voted upon. Guesses range from a few days to weeks, and Jon Doggett of the National Corn Growers Association is one of many anxiously awaiting the final vote.“The Canadian and Mexican markets are huge for us and we need to make this happen and get some certainty back into the marketplace,” he said.Mexico has already ratified the trade agreement, and Canada’s parliament is expected to consider it this month.Sources: AFBF and USDA SHARE Previous articleNPPC: Impossible Pork is “Impossible”Next articleFeds Side with Monsanto in Roundup Cancer Case Andy Eubank Facebook Twitter Home Indiana Agriculture News American Farm Bureau Wants Trade and Clean Water Progress in 2020 SHARE By Andy Eubank – Jan 8, 2020 last_img read more

Azerbaijan: Crackdown on Free Expression Accelerates With Conviction of Prominent Blogger

first_img February 22, 2017 Find out more to go further Follow the news on Azerbaijan Azerbaijani authorities continue to hound independent journalists AzerbaijanEurope – Central Asia Protecting journalists ImprisonedFreedom of expressionCitizen-journalists The 24 organisations are deeply concerned by the continued targeting of Mehman Huseynov and call on the Azerbaijani authorities to immediately and unconditionally release him and all other political prisoners, and to reverse the continuous clampdown on freedom of expression occurring in the country.“Today’s sentencing and jailing of Mehman Huseynov is outrageous – another example of Azerbaijan’s best and brightest being targeted for expressing opinions critical of the ruling Aliyev regime. It also shows that nothing has changed since the release of a number of high-profile political prisoners last year. The revolving-door policy of politically motivated arrests is still very much in place. Huseynov is now one of at least 13 journalists, bloggers, and media workers jailed in Azerbaijan. They must all be immediately and unconditionally released, in accordance with Azerbaijan’s international obligations”, said Rebecca Vincent, UK Bureau Director for Reporters Without Borders.Huseynov’s conviction stems from criminal defamation charges in a private case brought by the chief of the police department, related to a report he published in which he wrote about his experience of torture, after he was detained overnight by police in January,Mehman Huseynov was detained in Baku on 9 January by plain clothed police officers and held incommunicado overnight. Huseynov has reported that while in police custody, police placed a sack over his head and used force against him. He was convicted of disobeying police orders; and although the Court released him on 10 January, he was fined, and continued to face police harassment. The court has imposed a formal travel ban on Huseynov who already has been deprived of his travel documents for the past five years.”Mehman Huseynov`s case is emblematic of the abusive and arbitrary methods used to punish and attempt to silence human rights defenders, journalists and activists. Mehman Huseynov must be releases immediately and unconditionally, he has to have compensation for torture and ill-treatment, and those who are responsible for torture and ill-treatment, regardless of their position, have to be brought to justice. The international community must act, given the continued and increased repression against human rights defenders, journalists and lawyers in Azerbaijan. The dire human rights situation in Azerbaijan deserves the highest attention and action at the Human Rights Council.”, says Florian Irminger, Head of Advocacy, Human Rights House Foundation.”We are shocked and deeply distressed by this shameful verdict, which is nothing but a mockery of justice. Azerbaijani law-enforcement agencies have earned notorious reputations for using brutal and unlawful interrogation methods. Instead of investigating the credible torture claims, the authorities have chosen to jail the blogger”, says Gulnara Akhundova, Head of Global Response, International Media Support.Notably, Mehman Huseynov has been critical of the appointment of first lady Mehriban Aliyeva to the post of the Vice President on 21 February 2017. “Prior to the appointment of first lady Mehriban Aliyeva to the post of the Vice President on 21 February 2017, the Azerbaijani government has pursued a new wave of detentions and harassment of activists, journalists and bloggers, apparently aimed at consolidating the government’s authoritarian rule and preventing any dissent around the controversial appointment.” says Sasha Koulaeva, Head of Eastern Europe-Central Asia Desk, FIDH.Detentions of Political OppositionAhead of the Vice-Presidential appointment, since the amendment was passed in September, authorities have arrested several representatives of the political opposition on false, politically-motivated charges, including ten members of Azerbaijan Popular Front Party, one member of the Republican Alternative Movement (REAL) and one member of the D18 movement.There are credible allegations of torture and other cruel and degrading treatment of the detainees. For example, Rahim Shaliyev, a REAL Movement member detained on 20 February and subsequently sentenced to 30 days administrative detention on charges of resisting police, reported to his lawyer that he was subject to beatings and humiliation, resulting in an injury to his skull.Crackdown on mediaJournalists have also been subject to arbitrary detention and harassment. On 17 February 2017 Elchin Ismayilli, founder and editor of, an on-line news portal known for its reporting on corruption and human rights violations in the Ismayilli region of Azerbaijan, was detained by police. He is accused of threatening a local government employee and has been charged with extortion and abuse of a position of influence. Ismayilli denies all the charges. On 18 February, the Nasimi District Court sentenced Ismayilli to pre-trial detention for an initial period of 24 days. Ismayilli is currently being held in the Kurdakhani pretrial detention centre.On 22 February, cable TV channels stopped all the authorities officially suspended all broadcasts by the Turkish affiliate of FOX TV, after the channel aired a satirical discussion on the appointment of the new Vice President. A spokesperson for the National Television and Radio Council (NTRC) of Azerbaijan stated that this decision was made at the sole discretion of cable providers; however, anonymous sources within the cable providers have reported that they faced pressure from the NTRC to drop the channel. At the same time, the authorities have continued their harassment of opposition newspaper Azadliq, which was forced to cease abandon print publication in September 2016, following ongoing financial pressures from state-owned or affiliated companies. In the second half of February 2017, over ten staff members were summoned and interrogated by the Serious Crimes Investigation Department. The publication’s Financial Director, Faiq Amirov, and prominent journalist, Seymur Hezi, have been incarcerated on trumped up charges since August 2016 and August 2014, respectively.Activists expressing critical views on the internet and social media, the last bastion of freedom of expression, have also been subject to police pressure, aimed at forcing them to delete dissenting posts. For example, on 21 February Nisakhanim Valiyeva, the Chair of the Classical Popular Front Party was held in police custody for four hours, the same day that Merhiban Aliyeva was appointed Vice President, and released only after deleting her critical Facebook posts about the appointment.This has been accompanied by calls for increased regulation of the internet and online content. The chair of the Press Council Aflatun Amashov, whose official mandate is to safeguard independent media and rights of journalists, has submitted a proposal to the Milli Majlis (Parliament), calling for mandatory registration of bloggers and activists, aimed at ensuring greater control over those expressing themselves online.Harassment of critics in exileThe government of Azerbaijan is also pursuing government critics living in exile abroad. Shortly after giving a speech at the European Parliament on the human rights situation in Azerbaijan on 6 February, Emin Milli, head of Meydan TV, a critical TV channel operating in exile from Berlin, reported to German Police receiving threats of physical violence from the Azerbaijani authorities.“The Azerbaijani authorities persistently violate freedom of expression and other human rights, both at home and abroad”, said Katie Morris, Head of Europe and Central Asia at ARTICLE 19. “With this happening in their own backyard, European governments can no longer ignore the arrests, torture and harassment of government critics and their families and must call the Azerbaijan government to account”, she added.Where the authorities are unable to reach their critics, they have sought to harass family remembers remaining in Azerbaijan. Most recently, on the 22nd of February, the brother Dadashov Khanlar and nephew Sabuhi Zanalov of Netherlands-based blogger Ordukhan Teymurkhan, known for his criticism of the Aliyevs, were sentenced to 30 days detention on entirely bogus charges of disobeying police orders.We, the undersigned organisations, call on the government of Azerbaijan to cease its harassment and detention of government critics. Allegations of torture must be investigated, and all political prisoners must be immediately and unconditionally released.The relentless campaign waged by the authorities against media workers, bloggers, political activists, civil society and others that are deemed to threaten the power of the ruling regime must stop immediately.We also call on the international community to exert political pressure and take all the necessary measures until Azerbaijan fully honours its human rights commitments.ARTICLE 19CEE Bankwatch NetworkCommittee to Protect Journalists (CPJ)Crude AccauntabilityEastern Partnership Civil Society ForumFIDH – Indernational Federation for Human RightsFreedom HouseFreedom NowFront Line DefendersHelsinki Foundation for Human RightsHuman Rights FirstHuman Rights House FoundationIFEXIndex on CensorshipInternational Media SupportInternational Partnership for Human RightsInstitute for Reporters’ Freedom and SafetyNetherlands Helsinki CommitteeNorwegian Helsinki CommitteePEN InternationalPeople in NeedPolish Green NetworkReporters Without Borders (RSF)World Organisation Against Torture (OMCT) January 18, 2017 Find out more The undersigned organisations condemn in the strongest possible terms today’s sentencing of Mehman Huseynov, Azerbaijani journalist and chairman of the country’s leading freedom of expression group, Institute for Reporters’ Freedom and Safety, to two years in jail on defamation charges. He was taken into custody from the court room, without being allowed to speak in his defence. Help by sharing this information Organisation March 3, 2017 Azerbaijan: Crackdown on Free Expression Accelerates With Conviction of Prominent Blogger News Receive email alerts Rights Groups Demand Justice for journalist Mehman Huseynov Tortured in Azerbaijan Another journalist jailed on trumped-up charge News RSF_en News News AzerbaijanEurope – Central Asia Protecting journalists ImprisonedFreedom of expressionCitizen-journalists January 12, 2017 Find out morelast_img

Aerospace employees agree to restructuring plan

first_imgWhatsApp Twitter Linkedin NewsLocal NewsAerospace employees agree to restructuring planBy admin – December 24, 2010 616 Previous articleLimerick County Council Expands Road Salting ProgrammeNext articleRubberbandits lose out to X-Factor winner admin Printcenter_img Advertisement Facebook Email WORKERS at Shannon Aerospace the maintenance and engineering company based at Shannon have voted in favour of a restructuring programme for the company.  The details of the plan were agreed with employee representatives and SIPTU, during an extensive consultation phase under the auspices of the Labour Relations Commission, the company has said in a statement.Sign up for the weekly Limerick Post newsletter Sign Up “Today marks a new chapter in the development of Shannon Aerospace.  With a robust cost structure, new working practices, a deep pool of experienced aviation professionals and our first class facility in Shannon”, said CEO Thomas Rückert.A subsidiary of Lufthansa Technik AG, the company commenced operations in 1990 and, from January 2011, will have a workforce of in excess of 540 employees.last_img read more

Man arrested following Robbery in Newcastle West

first_imgLinkedin GARDAÍ have arrested a man in relation to a robbery in Co. Limerick on January 18, 2021.A woman attended Newcastle West Garda Station where she reported that she had just been subject of a robbery at car park on Sheehan’s Road, Newcastle West at 12.30pm. She outlined that she had been sitting in her car smoking a cigarette when a man approached her and requested a cigarette.When she refused the man became aggressive and threatened her with what was believed to be a knife. He proceed to grab her cigarettes from the dash board and got into a car which then left the scene. The woman was not harmed during the incident.Following an investigation by detectives in Newcastle West, a possible suspect was nominated. On January 19 a man, aged in his 30s, was arrested in West Cork by Gardaí from Newcastle West.He was brought to Henry Street Garda Station where he is currently detained under Section 4 of the Criminal Justice Act, 1984. TAGSKeeping Limerick PostedlimerickLimerick Post Roisin Upton excited by “hockey talent coming through” in Limerick Facebook Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash RELATED ARTICLESMORE FROM AUTHOR LimerickNewsMan arrested following Robbery in Newcastle WestBy Staff Reporter – January 20, 2021 941 WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick’s National Camogie League double header to be streamed live center_img Email Advertisement Limerick Ladies National Football League opener to be streamed live Print Donal Ryan names Limerick Ladies Football team for League opener WhatsApp Twitter Previous articlePaddy Donovan’s return to the ring rescheduled for February 19Next articleRacing – Bolger has two for Foxhunters but Cross Country runner looks unlikely Staff Reporter last_img read more

Is the CFPB Really Protecting Consumers?

first_img CFPB House Financial Services Committee Richard Cordray 2016-03-16 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago March 16, 2016 1,747 Views Demand Propels Home Prices Upward 2 days ago Richard CordrayIn his first appearance before the House Financial Services Committee since September 29, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray on Wednesday sat before the committee to defend his and the Bureau’s recent actions.Cordray faced intense criticism from the committee’s Republicans, particularly Chairman Jeb Hensarling (R-Texas), who said that Congress has made the Director a “dictator” and given him power that is “amazing, frightening, and tragic.”The Director touted many of the Bureau’s accomplishments in his opening statement, such as last June’s expansion of the Consumer Complaint Database to include consumer narratives, a new series of monthly reports to highlight key trends from consumer complaints submitted to the CFPB which the Bureau began publishing last July, and the Ask CFPB online tool which includes more than 1,000 answers to questions about various financial products.Republicans—and even some Democrats, such as David Scott (D-Georgia)—on the committee were skeptical that the Bureau’s actions are fulfilling its mission to protect consumers. Hensarling, in his opening statement, noted that the “American people are angry” due to a “failed economic recovery,” but they are “even angrier at having their lives increasingly ruled by out-of-touch Washington elites.” Hensarling quoted Thomas Jefferson’s lament that government agencies are sending “swarms of officers to harass our people, and eat out their substance.”“Today, the poster child of Jefferson’s lament is the CFPB. Its director, our witness, is neither elected nor accountable to the American people,” Hensarling said. “Yet when it comes to consumer financial products, he is vested with the awesome power of the entire United States Congress. This is amazing, frightening and tragic. . . In short, Congress has made Mr. Cordray a dictator. And when it comes to the well-being and liberty of American consumers, he is not a particularly benevolent one.”Cordray also pointed out that the Bureau has announced approximately $5.8 billion in relief to consumers whom the CFPB determined had fallen victim to predatory financial practices, and that the Bureau has handed out more than $153 million in civil money penalties. Hensarling wasn’t so sure about this, either.Jeb Hensarling“Apologists for the Bureau, along with Mr. Cordray, frequently cite the tens of millions of dollars of fines they have imposed as proof they are protecting consumers,” Hensarling said. “But the Bureau operates as legislature cop on the beat, prosecutor, judge and jury all rolled into one. Fines imposed in such an abusive structure tell us nothing about justice or consumer welfare. Nothing.”Whereas much of the questioning in Cordray’s last testimony before the committee in September centered around mortgages and the then-soon-to-be enacted TRID rule, the topic of mortgages was largely absent from this hearing. Cordray did mention during the hearing that the CFPB’s “hold harmless” period for those who make a good faith effort to comply with TRID will remain open-ended.Cordray reiterated his defense of the Bureau’s oversight of credit unions, saying that he believes credit unions have benefited from the CFPB’s regulations. The National Association of Federal Credit Unions (NAFCU) disagrees, as does three-quarters of Congress. Earlier this week, a bipartisan majority of 329 members of the U.S. House of Representatives sent Cordray a letter asking him to exercise the authority granted to the Bureau by the Dodd-Frank Act to exempt credit unions from certain rulemakings.The NAFCU reported on Wednesday that since the second quarter of 2010, more than 1,350 federally-insured credit unions have been lost, 96 percent of which had below $100 million in assets.“The assertion that credit unions are not being negatively affected by the tidal wave of overregulation arising from CFPB and Dodd-Frank could not be more wrong,” NAFCU CEO Dan Berger said. “Director Cordray’s denial that the tide of regulation is not contributing to the continued trend of credit unions being forced to cut back on member services, merge or go out of business flies in the face of facts.”The subject of questioning from several committee members was the CFPB’s methodology of determining racial discrimination in auto lending—particularly in the case of Ally Financial, which last September settled for $98 million for alleged “disparate impact” discrimination against minority borrowers. Rep. Sean Duffy (R-Wisconsin), who has introduced several bills attempting to reform the CFPB, was especially critical of this, and Cordray was not immune to criticism from Democrats in this area, either. Rep. David Scott (D-Georgia) expressed concerns about the “unintended consequences” of disparate impact in auto lending, such as settlement money going to consumers who the CFPB determined were harmed based on its methodology for determining racial discrimination but in fact were not. Scott said there were other Democrats who shared those same concerns. Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: CFPB House Financial Services Committee Richard Cordray Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Is the CFPB Really Protecting Consumers? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Is the CFPB Really Protecting Consumers? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Previous: Banking Industry Begins Preparation for Higher Credit Costs Next: Majority of Renters Plan to Stand Pat Related Articles Subscribelast_img read more