Credit union trade groups endorse CFPB advisory opinion plan; consumer groups oppose it

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » A Consumer Financial Protection Bureau proposal to allow financial services providers and trade groups to apply for advisory opinions would help bring more certainty to the regulatory process, credit union trade groups said last week.A coalition of consumer groups warned that the proposal would circumvent the regulatory process that is designed to protect consumers.In announcing the proposal in June, the CFPB said that the proposal, if adopted, would focus primarily on clarifying agency rules. “Under the program, parties will be able to request interpretive guidance, in the form of an [advisory opinion] to resolve such regulatory uncertainty,” the agency said.The proposal also would allow trade groups or outside counsel to submit a request on behalf of a group of clients or members without those entities being named.last_img read more

Gabadi, Hankuk Carbon ink LNG bunkering cooperation deal

first_imgImage courtesy of GabadiThe Spanish company, Gabadi, has formed an alliance with South Korean Hankuk Carbon to work together in the small- to medium-scale LNG bunkering market.The South Korean company specializes in manufacturing thermic insulation for the liquated natural gas sector (LNG) and electronic substrates.Gabadi said the agreement further expands the company’s presence in the Asian market as it had already created a joint venture in China with Aojiheng Offshore Engineering and secured contracts in Singapore.The company is currently executing methane carrier repair at the Keppel Shipyard in Singapore. It became the first company, not being a shipyard, in being granted the license by the technologist Gaztransport and Technigaz, for the construction and repair of its membrane tanks for gas carriers, it said in its statement.Gabadi and Hankuk Carbon believe that joining forces would enable both companies to obtain new contracts, related to the LNG bunkering, in different geographical locations, such as USA, China and Europe.last_img read more

Wisconsin defense reveals holes in first away win

first_imgCHAMPAIGN, Ill. — It didn’t take long for the Wisconsin football team (5-2, 3-1 Big Ten) to build up an insurmountable lead against Illinois (3-2, 0-2 Big Ten) Saturday night as Wisconsin jumped out to a 21-0 lead on its first three drives before stealing a 56-32 win away from home.However, while the UW offense was firing on all cylinders, the defense suffered a number of hiccups throughout the game that allowed Illinois to rack up 32 points — the second most Wisconsin has allowed this season — and 319 yards through the air.“We’re going to have to be better than that on defense,” head coach Gary Andersen said. “You have to give a lot of credit to Illinois, they are hard to stop … We had too many mental breakdowns … and we can correct [those mistakes].Through the first seven games in 2013, Wisconsin has developed a reputation as a team that makes big plays — particularly on pass plays from redshirt sophomore quarterback Joel Stave to senior wide out Jared Abbrederis — but Saturday night it was Illinois that made the big plays through the air.During the night, Illinois quarterback Nathan Scheelhaase torched the Badgers to the tune of 249 yards alone, completing the night’s longest pass for 51 yards.That pass — with Illinois trailing Wisconsin 21-3 in the first half — gave the Illini a glimmer of hope when, three plays later, Illinois had reduced the Badgers’ lead to 11 with 6:38 left in the second quarter.Junior cornerback Peniel Jean said while the team is happy about the way it preformed in its first road win of the season, giving up these kinds of plays in the future could be much more costly.“They had three, four big plays which accumulated to like 330 yards,” Jean said. “They should have only had like 200 yards of offense. We take away those plays and it would have been a great game.”Beyond the secondary’s weaknesses giving up big plays Saturday night, the Wisconsin defense as a whole gave up eight penalties for 93 yards.“There were a couple miscues that we had,” redshirt sophomore Darius Hillary said. “We have to look at film, learn from it and then correct it. We have the bye week this upcoming week, so it would be the perfect time to correct those mistakes and move on.”Even though the Badgers allowed 32 points on the night, they started the game strong — forcing the Illini to punt on their first four possessions.Saturday’s win was the third time this season Wisconsin has given up 31 points or more to its opponent on the road, but the first time it has come home victorious in that scenario.Wisconsin’s slow deterioration of defense closely followed the loss of senior linebacker Chris Borland, who was forced to leave the game in the second quarter with a hamstring injury. Redshirt junior Marcus Trotter filled in while he was out and led the Badgers with nine tackles.While the injury is not serious and it is likely he will return when Wisconsin takes the field against Iowa Nov. 2 in Iowa City, it may have revealed a new concern for a team that has depended on youth in a number of spots on defense this year.Andersen rejected the idea that the team struggled without its leader on the field for much of the game, but said if that was the case it is something that will need to be remedied quickly as the season moves on and Wisconsin tries to claw its way back into the Big Ten Championship picture.“It’s possible [not having Borland] hurt us,” Andersen said. “I thought Trotter played well. There are a lot of packages going on … with Illinois. That is part of their scheme and they do a good job with it, and you have to react on defense in a positive way.”Gordon reaches milestoneAs Illinois gave Wisconsin trouble through the air, Wisconsin ran the 102nd-ranked defense in the country ragged to the tune of 289 yards and seven touchdowns.Redshirt sophomore Melvin Gordon played no small part in that attack in a milestone day for the second-year player.He finished with 142 yards on only 17 carries which was good enough to put him over 1,000 yards rushing in 2013 — the first time that he has done so in his brief career as a Badger.For Gordon, the chance to reach the 1,000-yard mark was a special moment for him in his coming-of-age as a college football running back.“It’s pretty cool,” Gordon said. “Coach always gave me crap about it in the offseason. It’s a good mark to have, but [those personal milestones] aren’t really what I’m focused on.”With Gordon reaching the milestone Saturday, at least one Wisconsin running back has done so each season going back to 2005. Gordon sits tied with former running back P.J. Hill as the fastest to the milestone, needing only seven games and 107 carries to complete the task.last_img read more

Clippers giving fans reason to cheer at Staples Center

first_img For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 “You always hear people say, you have to take care of home,” said Avery Bradley, whose late-game steal against the Memphis Grizzlies on Friday secured the victory to elevate the 12-6 Clippers to first place in the Western Conference. “We say it before every game.”Sign up for Home Turf and get exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.“You definitely want to protect home,” echoed Danilo Gallinari, whose three free throws with 1.6 seconds left in regulation Friday set up the Clippers’ latest victory at Staples Center, where they’re averaging 16,947 fans per game.Gallinari said the Clippers’ early returns remind him of his 2012-13 Denver Nuggets team, whose franchise-best 57-25 overall record was bolstered by their ability to protect their house: They went 38-3 at home.“If we can do the same thing and have the same record here,” Gallinari said, “it would be amazing.” LOS ANGELES — If you’ve attended a Clippers game at Staples Center this season, you’ve witnessed a pair of Chick-fil-A mascot cows doing their best to distract opposing free-throw shooters and felt the deep blast of a tugboat horn that accompanies Boban Marjanovic’s big plays.You’ve probably been on the business end of a T-shirt gun firing generously into the crowd and watched the wealthiest owner in American sports boogying on the baseline.And, unless you showed up for only the season opener, you’ve seen a victory.The Clippers — who hit the road for a game in Portland on Sunday — are 8-1 at home this season. Their eight consecutive wins since that opening-night loss to the Denver Nuggets represent the best current home winning streak in the NBA. CLOSE CALLSThe Clippers’ early success hasn’t been without drama. Their three overtime victories — all at home — are the most in the NBA.They rank second in the NBA in “clutch wins,” or those defined by NBA.com/stats as games played within a five-point margin in the final five minutes of regulation, with nine. (The Philadelphia 76ers have 10.)Are the Clippers enjoying these close calls? Or would they rather blow teams out?“Blow teams out,” said forward Tobias Harris, without hesitation.Still, there’s something to being on the winning side of so many tight games.“We’re a hard team to guard in the fourth quarter and overtime,” Harris said. “You look at the distribution of scoring in the overtime: Avery hit the free throws, I had a layup, Lou (Williams) gets to the free-throw line. So it’s different guys contributing and that’s tough, at times, to defend.”Related Articlescenter_img Clippers hope they can play to their capabilities, quell Mavericks’ momentum Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates And they’ve got Williams, whose latest clutch contributions included a jumper, those free throws and an assist in Friday’s overtime.“Whenever you have Lou Will on your team, when it gets to overtime, fourth quarter, I like our chances,” Bradley said.MBAH A MOUTE’S STATUSThe Clippers’ early success has come mostly without Luc Mbah a Moute, who’s missed all but four games this season with what’s described as a sore left knee. Coach Doc Rivers said he didn’t have any further information – “not from me” – about his veteran forward, who signed a one-year, $4.3 million contract to return to the Clippers this season after spending last season as a member of the Houston Rockets. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more