At 3 p.m. the VCO and SGA will host a Veteran’s Day ceremony in Memorial Lounge in the Waterman Building. Speakers will include faculty, students and staff and members of the Burlington community. The ceremony will also feature a performance by the UVM a cappella group Zest and a video produced by UVMtv. The Veterans Collaborative Organization is an SGA-sponsored club that provides services and community for the 77 veterans and 75 dependents of veterans attending UVM.The Remembrance Day National Roll Call is sponsored nationally by the Veterans Knowledge Community of NASPA Student Affairs Administrators in Higher Education. NASPA is a 12,000-member association for the advancement, health, and sustainability of the student affairs professionals.Lt. Col. (Ret) Brett Morris, the National Roll Call coordinator, said, “We wanted to rally campus communities across the nation to send a powerful message to the troops currently serving that their peers have not forgotten their sacrifices, or those of the fallen.”### At 2 pm, members of the UVM and surrounding communities are invited to come to Bailey Howe to observe a nationwide synchronized moment of silence. The moment of silence is taking place at the eleventh hour (Pacific Time) of 11-11-11: the eleventh day of the eleventh month of 2011 ‘ a few weeks after the tenth anniversary of 9-11. “Many members of our community, no matter what their political views, are looking for ways to understand and honor the sacrifice that so many veterans have made, and to support the troops that are currently serving,” said Little, a junior in the School of Business Administration who served in Afghanistan. “My hope is that people will note and appreciate the readings during the day, and then come to Bailey Howe at 2 p.m. to observe the moment of silence.” He added that the flag display is meant to provide a dramatic visual for increasing awareness of the number of troops who have died in the wars. “We are proud to be co-sponsoring this event with the Veterans Collaborative Organization,” said Katie Rifken, a senior psychology major and chair of the SGA’s Legislative Action Committee. “To so many of us, these wars are distant events. This is a way for our community to understand the very real sacrifice so many made and to honor these brave men and women.” University of Vermont,On Veterans Day, Friday November 11, members of the University of Vermont community will commemorate the more than 6,200 veterans who sacrificed their lives in the Iraq and Afghanistan wars by participating in Remembrance Day National Roll Call, joining more than 170 campuses across the country.UVM’s Veterans Collaborative Organization and the Student Government Association are sponsoring the event. UVM is the only Vermont school participating. Beginning at 7 am, 25 UVM students, faculty and staff will read the names of all of the veterans in chronological order, beginning with the first fallen soldier. Each reader will speak for 15 minutes from a podium in front of the Bailey Howe library. The reading of the names will take about eight hours to complete. More that 6,000 American flags honoring the fallen veterans will be displayed on the green in front of Bailey Howe. The Kappa Sigma fraternity will also spread a large canvas near the podium outlining an American flag. Passersby will be invited to place a hand or thumb-print on the canvas using cans of blue and red paint. According to Ryan Little, president of the Veterans Collaborative Organization, the National Roll Call both honors those who gave their lives for their country and offers a way for the UVM community to come together over wars that, for many, are remote from their lives.
Credit unions typically incorporate minimal fees, deriving most of their non-interest income from interchange on credit and debit portfolios. As the income from interchange declines, some credit unions look to fees to replace that revenue. What fees can be charged is, in part, limited by “Reg Z”. Regulation Z is the part of the Truth in Lending Act of 1968 that sets forth rules that protect consumers against misleading practices by the lending industry, which includes credit cards. The regulation requires issuers to abstain from certain unfair practices. More specifically, it requires that penalty fees, such as late fees, be “reasonable and proportional” to the relevant violation of account terms. As a result, the Fed had proposed that credit unions may charge credit card penalty fee using arrangements that include the “cost method” requiring a financial institution to show that its penalty fee represents a reasonable proportion of the costs incurred by the card issuer for that type of violation. Any card issuer using the “cost” method will have to reevaluate its determination of what those costs are, and the reasonable fee, every 12 months. This obviously entails much bookkeeping, and as a result, most credit unions use the “safe harbor” method. If a credit card issuer charges anything up to the safe harbor amount for certain violations, it is considered to be in compliance with Regulation Z. Required annual threshold updates on Regulation Z were recently announced by the Consumer Financial Protection Bureau (CFPB). The thresholds remain unchanged from 2017 and will be effective January 1, 2018. A credit union is considered compliant as long as their penalty fees do not exceed the following amounts:$27 for a 1st violation, and $38 for any subsequent violationKeep in mind that even with the safe harbor, there are general penalty fee prohibitions that run concurrently. So, for example, penalty fees may not be more than the underlying transaction. So, if a member misses a minimum credit card payment of $15, that is the late fee limit for that transaction.As stated in the CFPB announcement, the fees remain unchanged from 2017, but this is a perfect time to review current set up and confirm you meet these guidelines. 35SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dave Chojnacki Dave Chojnacki, Sr. Portfolio Consultant at CSCU, has more than 10 years of relationship management experience in financial services. Prior to CSCU, Dave served for six years as Director of … Web: www.cscu.net Details
11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Cindy J Draper Cindy J. Draper is a Retail DDA Strategist and Director of Training at Velocity Solutions. Cindy has over 20 years of experience in the banking industry. She has worked her … Web: myvelocity.com Details It’s a disconcerting, but true, fact: when members of your credit union use your debit card and their transactions fail, they blame you. Consider the negative buying experience below, which I suspect is an all-too-familiar occurrence that puts your member relationship at risk. The scenario: One of your members goes to the grocery store to buy a cart-full of items for her daughter’s 16th birthday party—you know, the good stuff, like pizzas, soft drinks, ice cream and chips. The guests will be arriving in an hour and time is of the essence to get the groceries home and get the party started. The total for all these delicacies is a bit more than she can afford at the moment (payday will be in two days). The member, who is enrolled in your credit union’s discretionary overdraft service, presents your debit card for payment, knowing the transaction will overdraw her account. However, she is willing to pay the $35 NSF fee she will incur in order to see the smile on her daughter’s face. The only problem: the debit card transaction is declined. “I know I have overdraft protection on my account; why does this keep happening?” your member mutters to herself. All of her groceries are bagged and in her cart. A line of people have formed behind her. She is unable to pay, bewildered, and not sure what to do next. As it turns out, the grocery store agrees to hold her items while she waits for her husband to bring a credit card to the store, which she will use to finalize the transaction. “This is so embarrassing,” she says to the store clerk. “So much for using this debit card again!”Do you know how many of your members have experienced a similar situation? Are you able to track this type of failed transaction? Could you prevent it from happening again? How would you save the relationship?Of course, there are many reasons why a debit card transaction could be denied (an incorrect PIN was used, there were problems connecting to the network, etc.). But approximately half of all declined debit card transactions are declined due to non-sufficient funds (NSF) at the time of the transaction. In the scenario above, your member clearly knew her available balance would not cover the transaction. What she did not know, however, was that your credit union had never obtained her “affirmative consent” as outlined in the 2010 Amendment to Regulation E, otherwise known as a “Reg. E opt-in” decision. Perhaps at account opening she had not clearly understood the benefits of opting in to the overdraft service on ATM and one-time debit card transactions, so she did not make a decision. Regardless, without this decision, your credit union declined the transaction. Surprisingly, most consumers have not opted in or even made a decision about Reg. E, and it’s a fair bet that nearly as many are not even aware this is an option. The reason is that most financial institutions conducted a one-time outreach campaign to obtain Reg. E decisions way back in 2010, but they haven’t revisited those decisions since. As a result, as many as 50% or more of your members who qualify for your discretionary overdraft program may not have made a Reg. E decision and may have endured negative purchasing experiences (and their accompanying frustrations). Ensuring that those members who want the overdraft service at this channel have access to it is critical. Not only do consumers today use debit cards more than checks or even credit cards, but when debit card transactions are declined, members become frustrated and use your institution’s debit card less frequently. The relationship sours and your credit union loses goodwill, not to mention interchange fee and overdraft fee income.The solution is to proactively communicate with members about their Reg. E decision:At account opening (using a Reg. E Model A-9 Consent Form or similar), andAfter they experience a debit card denial due to NSF, and they have not made a Reg. E decision yet (utilizing a Reg. E outreach program).Reg. E outreach, which includes identifying members who have experienced a denied debit card transaction and contacting them directly, provides a high level of service by educating the member about the reason a debit transaction was denied, as well as explaining your credit union’s overdraft options that could help them pay these types of transactions in the future. The discussion seeks to obtain a Reg. E decision (whether opt-in or opt-out) but should never steer or coerce a member into a particular decision. It should be well-timed and conducted by knowledgeable staff using professional scripts.If your credit union does not have the resources available to conduct a formal Reg. E outbound effort, seek the guidance of a reputable overdraft services provider that offers training, templates and expertise to help you manage this critical process in a compliant way. Obtaining a Reg. E decision is more valuable than you may know for the satisfaction of your members and the future of your credit union.
Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.
The Baa3 issuer rating of Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK) has been placed on review for downgrade, according to Moody’s rating agency.“We expect NYK’s leverage will likely stay at its high level of above 7.0x for the next several years and surpass our downgrade trigger of 6.5x,” Motoki Yanase, a Vice President and Senior Credit Officer, said.Moody’s explained this debt/EBITDA leverage metric does not appear likely to improve materially without substantial efforts to reduce debt. Without debt reduction, the ratings agency forecasts NYK’s retained cash flow/net debt will stay around 10% compared to 11.9% during fiscal 2017 ended on March 31, 2018.Additionally, the merger of the containership businesses of NYK, Mitsui O.S.K. Lines, and Kawasaki Kisen Kaisha, which started operation in April 2018, is expected to realize some cost savings and margin improvements for the new entity, Ocean Network Express (ONE).“With the inception of ONE, NYK has deconsolidated its containership business. The deconsolidation of this long unprofitable business will temper NYK’s earnings volatility, though it will take time to bear out its effect on its credit metrics.”Moody’s expects that NYK, as the largest 38% shareholder of ONE, will remain exposed to the credit risks originating from the containership business. NYK expects that its revenue for the fiscal 2018, after the deconsolidation of the business, will decline by approximately 20%.The rating agency said that the review will focus on NYK’s plan to manage future debt, including how this could be managed with asset sales and vessel turnover in the next several years; the progress of the integration of the containership business under the new company and associated cost savings; and how the company’s other businesses – such as air cargo and bulk shipping, including energy and car carriers – will trend and help support NYK’s future profits.
The disease can spread from person to person through small droplets from the nose or mouth which are spread when a person with COVID-19 coughs or exhales. * 25-year-old female from Lapuz, Iloilo City (Patient No. 106), still on facility quarantine Here’s the breakdown of the 113 cases: * Antique – 14 COVID-19 is the infectious disease caused by the most recently discovered coronavirus. This new virus and disease were unknown before the outbreak began in Wuhan, China in December 2019. * Iloilo province – 20 * 31-year-old male from Zarraga, Iloilo (Patient No. 59), recovered * repatriates – 35 (Aklan, two; Antique, four; Guimaras, three; Iloilo province, four; Negros Occidental, seven; Bacolod City, four; Iloilo City, 11) These droplets also land on objects and surfaces around the person. Other people then catch COVID-19 by touching these objects or surfaces, then touching their eyes, nose or mouth./PN * Capiz – six * 23-year-old-male from Banate, Iloilo (Patient No. 100), recovered * Aklan – six Overall in the region, confirmed cases reached 113 as of yesterday with 81 patients having already recovered. The mortality, on the other hand, still stood at 10. * Negros Occidental – three * Bacolod City – 10 According to Dr. Renilyn Reyes of the Department of Health (DOH) Region 6 yesterday, it was still unclear if this case contracted the disease from the three earlier COVID-19 cases of BJMP-6. Patient 113, asymptomatic, is on facility quarantine. * Iloilo City – 19 This latest BJMP case is a 52-year-old male from La Paz district here. He is now Western Visayas’ Patient No. 112 although asymptomatic. The most common symptoms of COVID-19 are fever, tiredness, and dry cough. Some patients may have aches and pains, nasal congestion, runny nose, sore throat or diarrhea. These symptoms are usually mild and begin gradually. Some people become infected but don’t develop any symptoms and don’t feel unwell. ILOILO City – Another personnel of the Bureau of Jail Management and Penology (BJMP) Region 6 tested positive for coronavirus disease 2019 (COVID-19), bring the regional bureau’s confirmed cases to four. Patient No. 112 was one of two new COVID-19 cases in the region confirmed by DOH yesterday. The other case was a 36-year-old-female from Bacolod City (Patient No. 113) – a healthcare worker. The three cases were the following:
Kennedy Mitchum, a recent graduate of Drake University in Iowa, contacted Merriam-Webster, which has published its dictionaries since 1847, to propose updating the term. “I basically told them that they need to include that there’s a systematic oppression upon a group of people,” she told the local CBS affiliate KMOV. “It’s not just, ‘Oh, I don’t like someone.’” (AFP) Kennedy Mitchum, a recent graduate of Drake University in Iowa, contacted Merriam-Webster, which has published its dictionaries since 1847, to propose updating the term. AFP WASHINGTON – The American reference dictionary Merriam-Webster will change its definition of the word racism at the suggestion of a young black woman, who wanted it to better reflect the oppression of people of color.
Marcelo Rebelo de Sousa, the president of Portugal, has intimated that the latter stages of this year’s Champions League could take place on Portuguese soil. The Champions League is set to return in August. Read Also:Man City, Inter waited for Messi to signify he wanted Barca exit “We’re not going to rush into anything, we don’t want to see progress and [then] setbacks,” he noted. The final of this year’s Champions League, before the coronavirus pandemic, was scheduled to be played at the Ataturk Olympic Stadium in Istanbul, Turkey. FacebookTwitterWhatsAppEmail分享 With just a few last-16 ties to resolve, there are rumours that Portugal may take on the quarter-finals and beyond in August in order to complete this season’s competition. “I have the feeling that we can still have good news in terms of international football in Portugal in August,” Rebelo de Sousa said. The Liga NOS is set to get back underway on June 3, but the president has made clear that they will not be rushing to get fans back into the stadiums.Advertisement Loading…
By Scott OwenSHAWANO, Wis. (May 21) – Marcus Yarie and Travis Van Straten both won their third local features of the season while Lucas Lamberies secured his second Shawano Speedway victory of 2016 Saturday night.In Xtreme Motor Sports IMCA Modified action, Tyler Wilson grabbed the lead on the opening lap, but was quickly pressured by Joel Seegert. The lead duo raced nose to tail as Seegert tried both high and low to find a way by Wilson.As the lead duo duked it out, Yarie worked his way toward the front after starting deep in the field and on lap nine it became a three-car battle for the lead. Wilson continued to lead with Seegert and Yarie side-by-side and right on Wilson’s bumper.Yarie finally found an advantage on lap 15, making a pass up high in turns one and two to take the lead, then led the rest of the way for the win. Seegert made a last-lap pass of Wilson to finish second.The IMCA Sunoco Stock Car feature continued the green to checkered, caution-free trend. Van Straten made his way to the lead on lap 12 with an outside pass of Rod Snellenberger. VanStraten held the point position the rest of the way, but it was not easy as Snellenberger and Kyle Frederick stayed right on him.Karah Taycher secured the lead on the opening lap of the Karl Chevrolet Northern SportMod feature while Brekken Kleinschmidt settled into second. Kleinschmidt maintained the second position until Lamberies grabbed the second spot on lap five and then used an inside pass to take the lead.Taycher continued to chase Lamberies until lap 12 when Jordan Barkholtz hustled his way into the second position.
Kyle Brown and Jesse Rogotzke, who’d started 13th, completed the top five. Laney ran second the last nine times around the track but didn’t get the break he needed as the 25-lapper ran caution-free. Chris Abelson, a three-time tour winner at BVR, started 12th and finished third. Hancock County Speedway at Britt is next on the Dirt Knights schedule, with a $1,000 to win, 2020 Fast Shafts All-Star Invitational ballot qualifying event on Tuesday, July 28. Ethan Braaksma raced to a second win in as many Speed Shift TV Dirt Knights Tour outings this season Wednesday night, checking out on the rest of the IMCA Modified field en route to the $1,000 checkers at Buena Vista Raceway. (Photo by Jim Steffens) He started and finished fourth in his DKT heat race. All Dirt Knights Tour events are broadcast by Speed Shift TV. Braaksma made his charge from seventh starting, taking over the front spot as leader Matt Bonine slowed with mechanical issues and checked out on everybody, taking the checkers half a lap ahead of runner-up Cody Laney. ALTA, Iowa (July 22) – After a convincing win on opening night, Ethan Braaksma dominated on night two of the Speed Shift TV Dirt Knights Tour for IMCA Modifieds Wednesday at Buena Vista Raceway. Braaksma had finished 14th in his two previous outings at Alta, in last year’s tour event and during last week’s Kyle Suter Memorial. “We didn’t change anything from the heat. I didn’t know what the track was going to be like for the feature but by the end it had slicked off to my liking,” he said. “I could hit my line and get around there pretty good.” “We’ve worked pretty hard for this,” said Braaksma, who put his name on the Fast Shafts All-Star Invitational ballot with his tour feature win Monday at Park Jefferson Speedway and banked $1,000 by taking the BVR checkers. “It was amazing to come out on top and know you beat the best guys in the Midwest twice.” The Joel Showalter Memorial for IMCA Sunoco Hobby Stocks that evening also pays $1,000 to win. IMCA Sunoco Stock Cars, Karl Kustoms Northern SportMods and Mach-1 Sport Compacts complete the card. Pit gates open at 5 p.m. with racing to follow 7 p.m. hot laps. Other Wednesday night winners at Alta were Brian Blessington in the IMCA Sunoco Stock Cars, 12th starting Cody Nielsen in the IMCA Sunoco Hobby Stocks, Doug Smith in the Karl Kustoms Northern SportMods and Kaytee DeVries in the Mach-1 Sport Compacts. Feature results – 1. Ethan Braaksma, Newton; 2. Cody Laney, Torrance, Calif.; 3. Chris Abelson, Sioux City; 4. Kyle Brown, Madrid; 5. Jesse Rogotzke, Sanborn, Minn.; 6. Ricky Stephan, Sioux City; 7. Billy Kendall III, Baxter, Minn.; 8. Kelly Shryock, Fertile; 9. Corey Dripps, Reinbeck; 10. Troy Cordes, Dunkerton; 11. Al Hejna, Clear Lake; 12. Jim Thies, Mapleton; 13. Bob Moore, Sioux City; 14. Jayden Larson, Mankato, Minn.; 15. Jake Pike, Pahrump, Nev.; 16. Chad Ten Napel, Sioux City; 17. Jason Brees, Meriden; 18. Kollin Hibdon, Pahrump, Nev.; 19. David Brown, Kellogg; 20. Matt Bonine, Onawa.