Tag: 杭州品茶上课群

The Life Simulation – walking in your member’s shoes

The Life Simulation – walking in your member’s shoes

first_img 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr You never truly know someone until you walk a mile in their shoes.  This saying fits in perfectly with the National Credit Union Foundation’s Experiential Learning programs.  It’s hard to understand what someone may be going through or experiencing until you place yourself in their situation; and live it yourself.This is exactly the intention of the Foundation’s Life Simulation, an exercise designed to help credit union employees, volunteers and leadership begin to understand what it might be like to live in a typical low-income family trying to survive from month to month.  In the simulation, the participants assume the roles of individuals living in a family who are living just above the poverty line, and all these roles are based off of real-life people and situations. Some families are newly unemployed, some are homeless and others are senior citizens living on disability payments or raising grandchildren.During the three hour activity, these “families” are struggling to make ends meet in the simulated month of four fifteen minute weeks.  The simulation is designed to help credit union professionals start to better understand the members they serve, and to help meet members where they are in life.  Again, it’s hard to help someone if you don’t understand what they may be going through. continue reading »last_img read more

Did the card act make it harder for millennials to open credit cards?

Did the card act make it harder for millennials to open credit cards?

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A recent CNN Money article, Millennials aren’t opening credit cards. That’s a mistake, caught my eye.   While the article does talk about the benefits for Millennials to open a credit card such as building a credit score, earning rewards, and fraud protection, it also mentions that the Card Act made it harder for Millennials to open credit cards.  The Card Act didn’t make it harder for Millennials (or other generations) to open credit cards, issuers did by their interpretation of the Card Act requirement of “proof of ability to pay”.Prior to the Card Act, it was not the intent of an issuer to recklessly open credit card accounts with individuals who didn’t have the financial means to repay the debt they may carry on a credit card.  This type of underwriting would only lead to delinquencies and charge-offs. However, some issuers may have been more aggressive than others with their risk models prior to the Card Act, but in the end, it’s about acquiring profitable accounts and the risk an issuer will take in order to acquire the account. Issuers who are now requiring a copy of a pay stub to establish proof of ability to pay are over interpreting the Card Act language. Nowhere in the Card Act does it define what proof of ability to pay is, leaving it up to issuers to define and for their examiners to accept.“Consumer protection laws passed after the crisis also contribute to the generational gap. The Card Act of 2009 makes it harder for Millennials to qualify for a credit card unless they can prove they have enough income to pay it back”. Source: CNN Money continue reading »last_img read more

German minister commits suicide after ‘virus crisis worries’

German minister commits suicide after ‘virus crisis worries’

first_imgThomas Schaefer, the finance minister of Germany’s Hesse state, has committed suicide apparently after becoming “deeply worried” over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution’s office said they believe he died by suicide.”We are in shock, we are in disbelief and above all we are immensely sad,” Bouffier said in a recorded statement. Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.Like Bouffier, Schaefer belonged to Merkel’s center-right CDU party.He leaves behind a wife and two children. Topics :center_img Hesse is home to Germany’s financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.A visibly shaken Bouffier recalled that Schaefer, who was  Hesse’s finance chief for 10 years, had been working “day and night” to help companies and workers deal with the economic impact of the pandemic.”Today we have to assume that he was deeply worried,” said Bouffier, a close ally of Chancellor Angela Merkel.”It’s precisely during this difficult time that we would have needed someone like him,” he added.last_img read more

Requests for loan restructuring on the rise as COVID-19 hits P2P borrowers

Requests for loan restructuring on the rise as COVID-19 hits P2P borrowers

first_imgTopics : AFPI spokesman Tumbur Pardede said some association members may agree to ease loan repayment rules, but it would be applied selectively and differently depending on the condition of each borrower.As such, only borrowers whose businesses are negatively affected by the pandemic and those who have lenders’ permission would be allowed to restructure their loans, he said, adding that not all SMEs had suffered because many of them offer good businesses as they provide for hospitals or sell their goods in e-commerce.AFPI also reported that P2P lenders had experienced an average 5 percent decline in loan disbursements in April from March this year.“But we predict that there will be a rise in loan applications as needs are also increasing during Ramadan,” Tumbur said.P2P lending platform Investree chief risk officer Amalia Safitri said 15 percent of its borrowers had been affected by the pandemic, such as those in the café, restaurant and retail business.However, only 1 percent of the vulnerable sectors have asked for loan payment delays while 2 to 3 percent have only requested a loan restructuring.“The challenge is contacting each lender individually because one portfolio can be funded by hundreds of people,” she told the press, adding that in April or May, the company was expecting more requests for loan restructuring because many of its corporate clients needed to pay Idul Fitri bonuses (THR) to their employees.Amalia went on to say that the loan delays and interest cuts would increase Investree’s non-performing loan (NPL) rate by about 2 percent by the end of the year.Another P2P lending fintech, Crowdo, reported that between 2 or 3 percent of its portfolio funding had been affected by the pandemic, but it also recorded a rise in loan applications from borrowers in the consumer goods and retail sectors.The company’s chief operating offer, Nur Vitriani, said Crowdo was also contacting its lenders as well as doing reassessments on its borrowers before allowing them to get a facility to extend loan repayment periods. She said borrowers who had missed payments before March were not eligible for the loan restructuring facilities.Meanwhile, sharia-based P2P lenders have been hit by the pandemic as Saudi Arabia halted all umrah (minor haj) and haj in March, according to Sharia P2P lender Amaana CEO Lutfi Ardiansyah.“However, debt restructuring does not apply to sharia lending. We simply reduce the profit shares for lenders depending on how the borrowers’ business is doing,” he said.Amid the growing trend of loan restructuring , micro P2P lending Tokomodal reported it had received more loan applications since the outbreak and none of its borrowers had asked for leeway in loan payments.Tokomodal gives short-term loans, in days or weeks, to micro- and small shops such as warungs.“Warungs sell daily needs such as staple foods and cleaning products and ever since the outbreak, people are shopping at warungs more than they do at shopping malls,” he said. “That is why we have yet seen any restructuration requests [from them].” Like conventional lenders, peer-to-peer (P2P) lending platforms have also received a rising number of loan restructuring applications, as the emergency measures implemented by the government have also affected their clients.According to a recent survey by the Indonesian Fintech Lenders Association (AFPI), about half of the association’s members have received loan restructuring applications from their clients. But the association said it had yet to receive information about the exact number of P2P lenders who have eased loan repayment rules.The requests came after the Financial Service Authority (OJK) issued a regulation on countercyclical measures in early April to help borrowers, especially small and medium enterprises (SME), affected by the COVID-19.center_img “Fintech P2P lenders are platforms that facilitate lenders and borrowers. We are different from banks because we do not provide loans, so the restructuration process will be different,” said AFPI chairman Sunu Widyatmoko during a press conference on Monday.Financial Services Authority (OJK) fintech director Hendrikus Passagi told The Jakarta Post that fintech lending platforms adhere to OJK Regulation (POJK) 77 and existing regulations such as the Criminal Code (KUHP), especially those related to contract agreements.Therefore, he said there was no need to formulate any new regulations regarding loan restructuring in fintech lending during the pandemic.“It is not unusual for borrowers to request for payment deferrals as long as they provide a valid reason. Such mechanisms should always be available in the contract between lenders and borrowers,” he said. last_img read more

Man U, Liverpool tempt Osimhen

Man U, Liverpool tempt Osimhen

first_imgRelatedPosts Lampard: I still have confidence in Tomori Napoli Coach: Osimhen young lad with old brain Ighalo: My best moment as ‘Red Devil’ Premier League giants, Manchester United and Liverpool, have made a late attempt to contact the agent of Lille striker, Victor Osimhen, ahead of his potential move to Napoli, according to reports in Italy.Osimhen had previously been described as a “priority” target for Manchester United, but those rumours have faded in recent month. Reports in Italy claimed that Manchester United called Osimhen’s new agent “hours ago” to find out how far along his deal with Napoli was.It is expected that a €50 million+ transfer to Napoli will be completed soon, despite his agent preferring to strike a deal with a Premier League club.Meanwhile, Premier League champions Liverpool has also shown interest in the Nigerian international.The 21-year-old has been a revelation for the French side, scoring 13 goals in 27 Ligue 1 matches in 2019/20, and the Neapolitans were preparing an €81 million deal for him, but both clubs have not been able to find an agreement.Sportitalia reported that the agent of Osimhen is taking the time to speak to English giants Liverpool and Manchester about the Nigerian striker and the Reds are the most likely to make Lille an offer. Napoli is looking for another striker to bolster the attack with Polish international Arkadiusz Milik being linked with a move to either Juventus or AC Milan, while they already purchased Andrea Petagna from SPAL in January.Tags: LiverpoolManchester UnitedVictor Osimhenlast_img read more

Fort Pierce police officers shot at over the weekend

Fort Pierce police officers shot at over the weekend

first_imgThe Fort Pierce police department says officers were shot at while conducting a traffic stop.The incident was reported around 3:00 am on Sunday in the 500 block of Orange Avenue.Officials say that during the traffic stop, the passenger of the vehicle exited the vehicle and fled the scene on foot.In the process of attempting to evade authorities the suspect then fired several shots at officers prompting them to fire back.The suspect then barricaded himself in a nearby building where he shot himself, according to police.The suspect was rushed to a nearby hospital where he is now listed in critical condition.None of the officers were injured in the shooting. They have since been placed on administrative leave, which is standard protocol in police-involved shootings.last_img

EPA Fines Maryland Oil Palm US$10K

EPA Fines Maryland Oil Palm US$10K

first_imgVohiri: “We fined the company because the management violated our law”Authorities of the Environmental Protection Agency (EPA) have fined Maryland Oil Palm Plantation (MOPP) in Sodoken, Maryland County US$10,000 for violating the environmental laws of Liberia.According to a release issued yesterday, MOPP violated the terms and conditions of the environmental permit issued to it by the EPA.MOPP did not only fail to comply with condition 6.0 count 5 of its environmental permit, but in contravention of the Environmental Protection and Management Law of Liberia, imported several chemicals into the country without acquiring the requisite approval from the EPA, the release said.MOPP has been mandated to pay the fine into government revenue through the Liberian Revenue Authority with an official receipt presented to the EPA or lose its permit to operate in the country.“MOPP’s deviation from the permit conditions resulted into the encroachment and destruction of some predetermined buffer areas,” the release quoted EPA executive director Anyaa Vohiri.Madam Vohiri said that the encroachment and destruction of the buffer areas also breached the Roundtable on Sustainable Oil Palm (RSPO) principles.The RSPO is an association of oil palm producers, oil palm processors, traders and consumer goods manufacturers. It has developed a set of environmental and social criteria, which companies must comply with to produce certified sustainable palm oil.EPA is the government’s agency responsible to protect the environment and conserve biodiversity by implementing policies that ensure the long-term economic prosperity of Liberia through sustainable, social and economic development. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

No contest: Game 1 showed the massive disparity between the Warriors, Blazers

No contest: Game 1 showed the massive disparity between the Warriors, Blazers

first_imgOAKLAND — What would have happened if the Warriors actually tried Tuesday?In Game 1 of the Western Conference Finals Tuesday, Golden State turned in what was effectively a lax, regular-season effort. They still beat the Blazers by 22 points.What would have gone down had the Warriors played more than five, maybe 10 minutes of focused, playoff-caliber basketball?Would they have won by 30? What about 40? Yes, these two teams might be meeting with a trip to the NBA Finals on the line, …last_img

Healthcare usage doubles since 2000

Healthcare usage doubles since 2000

first_img15 April 2008South Africans’ use of public healthcare services has almost doubled over the past eight years, with 101-million visits to clinics being recorded over the 2006/07 financial year.Addressing the opening of the National Consultative Health Forum (NCHF) recently, Health Minister Manto Tshabalala-Msimang said the increase was due to improved access as a result of building more than 1 600 clinics closer to the communities, improved package of care available at clinics and the removal of user fees.“Efforts have also been made to decrease the inequalities in the funding amongst health districts and have led to significant improvement in service delivery and health outcomes,” she said.Immunisation coverage currently stood at 85% and the average number of new cases of diarrhoea per 1000 children under the age of five dropped by more than half, from 258 in 2005 to 119 in 2006.“These successes are a result of determination of our health workers to deliver services to our people, there are some promising signs with respect to both HIV and TB,” Tshabalala-Msimang said.Success against HIV, TBShe further said that the 2006 antenatal survey showed for the first time a decline in HIV prevalence particularly amongst young people and that TB cure rates were improving annually while defaulter rates were declining.Tshabalala-Msimang told BuaNews that the significant decline in HIV prevalence on pregnant women under the age of 20 meant that young people had taken the department’s message seriously.“Peer groups go a long way in changing attitudes,” she explained.She added that the department was on the right track in terms of resource availability in clinics with 86% of health facilities having all the resources needed.ChallengesThe NCHF noted that while there were many achievements in the delivery of primary healthcare services in the country, there were still many challenges.This included improving access to primary healthcare services and equitable allocation of resources, the availability of adequate human resources for healthcare, improving quality of care, strengthening district management and increasing community participation.The forum called for a revised primary healthcare strategy for South Africa, in which per capita expenditure on primary healthcare would be doubled over the next 10 years.It also resolved to ensure that primary healthcare provided by the private health sector was made more affordable to the public.The NCHF represents government, public and private health sectors, statutory bodies, academics and research institutions, community organisations, civil society, non-governmental organisations and organised labour.SAinfo reporter Would you like to use this article in your publicationor on your website?See: Using SAinfo materiallast_img read more

Business, labour ‘must ensure stability’

Business, labour ‘must ensure stability’

first_img5 October 2012South African President Jacob Zuma has called on business and labour to work together to ensure “shop floor peace” and stability in the country.Speaking at the annual convention of the South African Chamber of Commerce and Industry in Midrand, Johannesburg on Thursday, Zuma said there was a collective responsibility to promote economic growth and development in the country.“We have gone through a difficult period in our country in the past few weeks with wildcat strikes, one of which tragically claimed the lives of 46 people in Marikana,” Zuma said.Call for ‘climate of constructive social dialogue’“We should not seek to portray ourselves as a nation that is perpetually fighting. We must create a climate of constructive social dialogue, which South Africans are known for.”Zuma noted that the Constitution guaranteed the rights of both workers and employers, and wished the parties well as they negotiated solutions to both the mining and truck driver strikes.The government would continue to provide support through the Department of Labour and its institutions, he added.Industry transformationThe government was also mindful of its responsibilities with regards to transformation in industries such as the mining sector.“In this regard, we are looking intensively at what we should do better to improve the implementation of the Mining Charter, beyond promoting BEE [black economic empowerment] ownership to the improvement of the living conditions of workers on the mines.“The department of mineral resources has been directed to intensify its monitoring and evaluation work to bring the industry in line with the transformation objectives of the country.”Zuma said that despite South Africa’s many achievements since democracy, the gap between rich and poor still remained and income inequality was still extremely high.“Unemployment also remains a huge challenge. The situation at the bottom levels of income distribution is of great concern, as 80 percent of households have no employed people at all,” Zuma said. “It has therefore proven difficult and is taking longer to re-engineer the economy to provide opportunities for those who were pushed into impoverished and remote rural areas under apartheid.”Negative global economic climateHe also acknowledged the negative global economic climate and the problems faced by countries that were the main importers of South Africa’s manufactured goods. Given the current the climate, it could be expected that there would be an adverse impact on the exports of manufactured goods.“We need to work together to ensure a robust response that minimises the impact on growth overall and especially on the poor.”Zuma stressed the importance of developing nations trading with each other, in addition to doing business with the developed world.“We are promoting South-South economic relations effectively through forums such as India-Brazil-South Africa as well as BRICS. We should also look more within the continent, where profound change is taking place.”‘We are all economic stakeholders’The government would provide as much support as it could to create the right environment for business to thrive so that inequality, poverty and unemployment could be dealt with.A prosperous and united South Africa required that everyone looked beyond their immediate interests to take actions that would build the economy and the country, he said.“Ultimately, we are all citizens as well as economic stakeholders.”The President said he remained optimistic about the country’s future.“At times, the going will look tougher than we ever imagined, given the backlogs and the rising expectations of the poor … There is no reason to be despondent. We have the capacity to overcome difficulties when we work together as South Africans.”Source: SANews.gov.zalast_img read more