OCC Appoints Deputy Comptroller for Large Bank Supervision

first_img January 30, 2014 442 Views New,OCC Appoints Deputy Comptroller for Large Bank Supervision Share in Governmentcenter_img Molly Scherf has been named to oversee large bank supervision at the “”Office of the Comptroller of the Currency””:http://www.occ.gov/index.html (OCC), the agency announced.[IMAGE]As deputy comptroller of large bank supervision, Scherf will manage and oversee the large bank lead experts, shared national credit, data analytics, and systems teams as well as assume various other responsibilities.[COLUMN_BREAK]Her new role will also see her working with policy, midsize and community bank supervision, and legal departments within OCC.Scherf brings 23 years of bank supervision experience to her post, having supervised institutions with assets ranging from $50 million to $2 trillion. She most recently served as large bank lead expert for governance and enterprise risk management.””Since taking on the challenge of overseeing the implementation of our ‘Heightened Expectations’ across Large Banks in late 2012, Molly has demonstrated a broad and deep understanding of the issues, strong collaboration skills working both inside and outside the OCC, and impressive work ethic and ability to meet aggressive deadlines,”” said Martin Pfinsgraff, senior deputy comptroller for large bank supervision.””I look forward to working with Molly in this new role that will leverage all of those abilities,”” he continued. Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers OCC Service Providers 2014-01-30 Tory Barringerlast_img read more

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Early Monday it seemed like a given that Carson Pa

first_imgEarly Monday it seemed like a given that Carson Palmer would be the Arizona Cardinals’ next quarterback. A trade between Arizona and Oakland was being worked out, and with the Raiders motivated to move the veteran, a deal appeared likely.Well, not so fast, according to CBS NFL insider Jason LaCanfora. Carson Palmer trade not finalized. Things “hit a snag” according to a source. Unsure if it can be overcome at this point …— Jason La Canfora (@JasonLaCanfora) April 2, 2013 USA Today reported Palmer’s Arizona deal would pay him $8 million in 2013, and would involve the teams swapping late-round picks in 2013 along with the Cardinals parting with another late pick. Derrick Hall satisfied with D-backs’ buying and selling Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Top Stories AZ and OAK have been deep in talks with Palmer working on restructured salary with the Cards, pushing towards a deal. stay tuned— Jason La Canfora (@JasonLaCanfora) April 2, 2013last_img read more

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Somerville promotes March is Reading Month Photo

first_imgState Rep. Pat Somerville, R-New Boston, promotes “March is Reading Month” at Gudith Elementary School in Woodhaven by reading to students. Somerville has been traveling across the area promoting reading and speaking with students. For more information on “March is Reading Month,” you may contact Somerville’s office toll-free at (866) 725-2929 or via e-mail at PatSomerville@house.mi.gov. 19Mar Somerville promotes March is Reading Month [Photo] Categories: News,Photoslast_img read more

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Including electronic data in Constitution will secure our privacy rights

first_img Op-ed by State Rep. Jim Runestad, R-White LakeIn early June, I sponsored a joint resolution proposing an amendment to the state’s constitution for electronic data and communications to be secure from unreasonable search and seizure under individual property rights. House Joint Resolution N (HJR N) overwhelmingly passed the Michigan House of Representatives.HJR N amends Article 1, Section 11 of the Michigan Constitution of 1963, which states, “The person, houses, papers and possessions of every person shall be secure from unreasonable searches and seizures.”  HJR N will add ‘electronic data’ and ‘electronic communications’ to this list. HJR N will require warrants be used to access an individual’s electronic data and communication, a logical step in this modern-age of technology.The right of individuals to be secure from unreasonable searches and seizures is fundamental, which is why it is enshrined in the U.S. and Michigan constitutions. There ought to be no difference when it comes to government searches of electronic property and physical property.For the most part, law enforcement has recognized electronic data as property and Michigan law enforcement has upheld people’s rights to privacy. However, since the law does not make this clear in our state’s constitutions or in the federal constitution, the opportunity is there for abuses at the local, state and federal level. HJR N is a reasonable measure to prevent such possibility in the face of advances in information and telecommunications technology.The state of Missouri adopted this similar protection through a direct vote of the people in 2014. This modified Missouri’s Constitution to provide that a warrant be required to access the personal data and electronic communications of individuals in the state. This bill passed overwhelmingly in the Missouri Legislature and by 75 percent on the vote of the people.With the increasing government intrusions into the electronic happenings of private, innocent citizens and the federal law now providing for law enforcement officials to access data from social media accounts, I wholeheartedly believe that state lawmakers need to stand up and protect the privacy rights of Michiganders.We have carefully considered the logistics of HJR N and concluded that local law enforcement agencies won’t be hindered by being required to obtain a warrant. Business will go on as usual for police officers. Our law enforcement officers do an incredible service to our community by ensuring our safety and I would never want to make their job more difficult because I respect and appreciate all they do for our communities, our state and our country.This reform is long overdue. The Michigan House of Representatives passed HJR N unanimously. However, time is running out as it sits on the floor of the Senate.Constitutional amendments must be approved by a direct vote of the people if adopted by the Legislature. If the resolution passes the Senate before Sept. 8, it will be included on the November ballot for all state residents to vote on.The constitution is the doctrine that provides limitations on government power. It is imperative that we send a clear message declaring our privacy rights not be withheld only to ‘paper’ documents. In a society that is constantly evolving through rapid technological advancements it is critical that we protect an individual’s electronic data.###### Tags: electronic data, HJR N, House Joint Resolution, privacy rights, Runestad, search & seizure, warrant Categories: Featured news,News,Runestad Newscenter_img 08Aug Including ‘electronic data’ in Constitution will secure our privacy rightslast_img read more

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House approves Rep Howell bill to expand grad curriculum

first_img A four-bill merit curriculum package, which gives students and parents added flexibility when selecting high school courses for future career opportunities, was approved by the House today.Rep. Gary Howell, of North Branch, was the primary sponsor of legislation which would allow for Statistics to be an alternative to Algebra II within current Michigan merit standards that require at least four mathematic credits to graduate.“We must give high school students better choices and options in preparation for life after high school,” said Howell, who co-sponsored the entire package of bills approved by the committee. “We should not expect every student to complete the exact same coursework to graduate. If a parent knows their child has an interest and would do well in Statistics, we should allow that class to be included as another mathematically-based curriculum.”The other bills in the package would do the following:Allow students to fulfill a 21st Century Skills requirement by completing a combination of career/technical education (CTE) or visual/performing arts courses.Allow the foreign language course requirement to be met by completing a CTE program or visual/performing arts course.Allow completion of a Michigan Occupational Safety and Health Administration general industry or construction training program to fulfill a health education requirement.House Bills 4315-4318 will advance to the Senate for consideration. 30Mar House approves Rep. Howell bill to expand grad curriculum Categories: Howell News,Newslast_img read more

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House approves VanderWall bill extending ag disaster loan program

first_img06Jun House approves VanderWall bill extending ag disaster loan program Categories: VanderWall News State Rep. Curt VanderWall’s legislation to extend the agricultural disaster loan program was approved today by the Michigan House of Representatives with overwhelming bipartisan support.The low-interest loan program, created after a crop disaster in 2012, provides the structure for financial institutions to offer assistance to farmers and agricultural producers to help alleviate the financial impact of crop damage caused by natural disasters. It is currently set to end in February 2018.“The program helped many local farmers in 2012 after weather wiped out cherry, apple, peach, berry and asparagus crops across western and northern Michigan,” said VanderWall, of Ludington. “The disaster loans helped farmers, some of whom lost all of their crops and didn’t carry insurance, get through until they had a chance to sell their harvests after the next growing season.”VanderWall said this spring is a perfect example of why the program should not expire.“A freeze in early May could have damaged the blossoms on tree crops,” he said. “We’re still waiting to see how the freeze affects yields, but it’s possible that farmers could need to fall back on the disaster loan program this year.”House Bill 4562 removes the expiration date and keeps the structure of the program in law. Should the governor declare another crop disaster, the Legislature would need to allocate funds before farmers could receive loans.“Leaving the structure for the program in place will allow the Legislature to take immediate action if another crop disaster occurs in the future,” VanderWall said.The bill, part of a four-bill package clarifying farmers’ eligibility to receive tax exemptions when buying grain bins and equipment, now moves to the Senate for consideration.###last_img read more

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Bellino calls for stiffer penalties for process servers who commit fraud

first_img Categories: Bellino News State Rep. Joe Bellino, right, speaks in support of legislation creating more accountability for process servers who commit fraud. State Rep. Jim Runestad, who Bellino partnered with on the bills, listens at left.State Rep. Joe Bellino of Monroe testified today before the House Judiciary Committee in support of his legislation creating more accountability for officials tasked with serving legal notices.Bellino said ensuring that people are given proper notice of court proceedings is fundamental to their due process right.“Falsely claiming to serve notice of a court proceeding, when in fact the individual involved did not receive the notice, can have far-reaching consequences,” Bellino said. “Unfortunately, process servers who commit fraud are hardly ever held accountable in Michigan. Only rarely are they found in contempt of court, which typically results in a small fine or, at most, 90 days in jail.”House Bills 4670, sponsored by Bellino, and 4666, sponsored by state Rep. Jim Runestad of White Lake, classify the false certification of personal service as a felony punishable by up to 15 years in prison.“Fifteen years is the current maximum for committing perjury,” Bellino said. “Providing a penalty for falsification of service that mirrors the penalty for perjury sends a clear message to process servers that they must do their due diligence.”The bills remain under consideration by the House Judiciary Committee.### 24Oct Bellino calls for stiffer penalties for process servers who commit fraudlast_img read more

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Rep Kahle recognizes Lenawee county veterans and corrections officers

first_img State Rep. Bronna Kahle of Adrian visited with veterans employed as corrections officers at the Gus Harrison Correctional Facility in Adrian. More than 80 veterans are employed at the facility.“I was honored to assist Warden Campbell in recognizing these individuals for their service to our country and state,” Rep. Kahle said. “It’s wonderful to see our veterans continue to serve their communities in this capacity.”Rep. Kahle joined Warden Campbell to present commemorative medals to veterans at the facility in recognition of their service. Categories: Kahle News 26Dec Rep. Kahle recognizes Lenawee county veterans and corrections officerslast_img read more

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Rep Allor issues statement on new PFAS commission

first_img State Rep. Sue Allor, of Wolverine, issued the following statement in response to the governor’s creation of a new panel to study the water advisory limit for PFAS:“I applaud Governor Whitmer building on the work performed by the Michigan PFAS Action Response Team (MPART) over the past 15 months in working to protect the safety of our state’s drinking water and the health of all Michigan families. I have supported PFAS investigation every step of the way and urge the governor’s commission to seek sound, science-backed policies that hold up to rigorous scrutiny. Michigan families deserve firm answers they can trust. “Michigan has led the way in PFAS detection and response. When contamination came to light, we quickly adopted the Environmental Protection Agency’s drinking water advisory limit as our environmental cleanup standard—to ensure no polluted site goes undetected – and we have continued to advance our understanding of how PFAS moves through our environment. We must continue to lead the way.“As the science around PFAS expands, we know that our ability to detect smaller and smaller amounts of this contaminant in our environment improves every day. However, our knowledge of how to clean up PFAS efficiently and completely requires further development. I hope that the governor’s committee will focus their efforts on all aspects of drinking water safety, including cleanup protocols. Our people and our water are too precious to leave these questions unanswered.” 26Mar Rep. Allor issues statement on new PFAS commission Categories: Allor Newslast_img read more

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Volunteers as Peacekeepers on Streets of Ferguson

first_imgShareTweetShareEmail0 Shares November 21, 2014; KSNW-TV (CNN)The emergence of citizen “peacekeepers” who have tried to maintain a semblance of calm between protesters and police has been a response to the paucity of a nonprofit infrastructure in Ferguson. Most of Ferguson’s peacekeepers have been religious leaders, such as Robert White, the pastor of Peace of Mind Church, as well as regular citizens like James Muhammad, both of whom were profiled in a CNN report.Who or what is a peacekeeper is a subject for debate. KMOV and Salon have been among the very few news outlets back in August that didn’t buy into the notion that Malik Shabazz, the former head of the New Black Panther Party, was suddenly a new man, not prone to inflammatory and racist rhetoric, but reborn as a civil rights leader. To find Shabazz characterized as a peacekeeper boggles the mind.Muslims have been active among peacekeepers since August and plan to be active again in this role once the grand jury decision is made. Among the examples is Zuhdi Masri, a Palestinian-American small business owner who, according to St. Louis writer Umar Lee, has been “supporting peaceful protesters calling for justice, helping Palestinian store-owners who had their businesses looted and using his stature as an elder to reach out to the St. Louis establishment.” Among Muslims, Palestinian-Americans are a significant presence in the region, including North County, and apparently playing a constructive peacekeeping role on the streets of Ferguson and suburban communities that might be scenes of protests after the grand jury decision.In a more formal way, with the reported support of Michael Brown’s family, Rev. Al Sharpton’s National Action Network has created or authorized a group called Disciples of Justice, pledged to keeping the peace in Ferguson after the news of the indictment or non-indictment of Officer Darren Wilson, the policeman who shot and killed the unarmed teenager. Apparently, 50 Disciples plan to be on the streets when the grand jury decision is announced, but the fact that many have just recently signed up and the Disciples are looking to recruit more people to wear the Disciples’ yellow t-shirts raises questions about their readiness for a peacekeeping function that addresses the behavior of both the protesters and the police.The police have eschewed a commitment to not use tear gas and riot gear should they believe that the protests have become violent, which has protesters concerned that the police might not be doing all they might or could to minimize the prospects of escalating troubles. Hopefully, from the community side, the peacekeepers will be authentic and local rather than groups subject to the manipulation of the likes of Shabazz, whose peacekeeping credentials might be at least a little suspect.—Rick CohenShareTweetShareEmail0 Shareslast_img read more

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TaxFree Hedge Funds with Universities Attached A Sustainable Nonprofit Form

first_imgShare10Tweet1Share13Email24 SharesUnder Lock and Chain / CheapFullCoverageAutoInsurance.com via FlickrApril 13, 2016; Fast Company, “Co.Exist”“Schools have amassed tons of wealth in ways that are really disproportionate to needs, and frankly disproportionate to the imperatives of ‘intergenerational equity,’ which is often the excuse that schools use for not spending their endowment.”—Joshua Humphreys, resident and senior fellow at Croatan InstituteA recent article in Fast Company reviews the issues as responses roll in from colleges and universities defending their endowment funds and spending practices before the April deadline from two Congressional committees. At issue are spending practices related to the more than $500 billion in college endowments in the U.S.This conversation about the use of endowments by tax-exempt organizations has been simmering since 2008. It may have died down a bit while those pools were affected by the Great Recession, but their value has recovered and more, and the issue is back in full force.Earlier this year, New York Republican Rep. Tom Reed drafted a bill that would require universities with endowments of more than $1 billion to spend a quarter of their endowment returns on student financial aid. He has a personal story that makes the issue vivid for him:Being one of 12 kids who was raised by a single mom and having more than $110,000 in student loan debt when I graduated from law school, I understand just how heavy the burden of student loan debt can be for students and their families…It is a disservice to the next generation of Americans to continue to allow them to struggle, when we could so easily address the problem of out-of-control costs by making simple changes to our tax code.However, the conversation about how endowments are used and when the money is put to work covers much wider ground than just universities. NPQ has covered similar questions about nonprofit health insurers, which continue to raise their rates even while stockpiling reserves far beyond what is recommended. Issues of foundation perpetuity relate, as does the issue of taxability, which is in play with regard to both hospitals and universities.A lot of money is at stake—and, as Reed points out, a lot of potential human impact. Maybe it is time that nonprofits of all sizes start considering these questions.—Kevin Johnson and Ruth McCambridgeShare10Tweet1Share13Email24 Shareslast_img read more

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Turkish rights distributor Saran Media has signed

first_imgTurkish rights distributor Saran Media has signed an agreement to use a 3D conversion platform from technology specialist SterGen to convert sports content  to 3D for Turkish broadcasters and mobile carriers.SterGen’s technology enables real-time conversion of camera feeds and footage into stereoscopic 3D. SterGen’s 3D platform will also enable Saran Media to produce stereo 3D content with a 3D-depth effect for optimised display on glasses-free 3D mobile phones and tablets.last_img

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Cyprus public broadcaster CYBC and pay TV operator

first_imgCyprus public broadcaster CYBC and pay TV operator Cyta have been awarded rights to UEFA Europa League football for the 2012-15 seasons.CYBC will show the best live match as well as a highlights programme every week, while Cyta has been awarded the rights to all remaining games each match week. Up to five live matches per kick-off slot will be broadcast across the Cytavision Sports family of channels, with a weekly highlights programme being screened on Cytavision Sports 1.Both CYBC and Cyta will be able to show games on their websites and on mobile.last_img read more

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Fashion and lifestyle channel Fashion One has expa

first_imgFashion and lifestyle channel Fashion One has expanded its presence in Africa on the TopTV platform.The Fashion One Africa feed will launch on the TopTV platform in South Africa in March. The channel will debut on the platform with shows including Fashion Frontline, and African Fashion International 2012.“We are pleased to be able to announce the launch of Fashion One Africa with TopTV in South Africa and excited to be part of the country’s growing global importance. In addition to bringing the latest fashion, entertainment, and lifestyle programmes from around the world to our audience in South Africa, Fashion One will also showcase African talent with our increasing investment in local productions and, at the same time, provide regular worldwide exposure to the designers and labels in the region through our worldwide network,” said Ashley Jordan, CEO, Fashion One.last_img read more

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Amazonowned videoondemand service LoveFilm is a

first_imgAmazon-owned video-on-demand service LoveFilm is adding seven seasons of The West Wing and nine series of One Tree Hill to its online service, as part of a new deal with Warner Bros. International Television Distribution. The agreement, which LoveFIlm described as a “milestone deal,” also includes every season made of the Golden Globe winning Nip Tuck and sci-fi spin off Terminator: The Sarah Connor Chronicles 1 and 2, which will each be added to LoveFilm Instant.last_img

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French cable operator Numericable is making its 4G

first_imgFrench cable operator Numericable is making its 4G mobile service free of charge to existing La Box subscribers for the first year.Subscribers to Numericable’s existing €45.90 offering will be able to use the 4G mobile service at no extra charge for one year, after which they will be charged €9 a month.Numericable has also said it will offer the mobile service to all subscribers between now and the end of February.Numericable’s 4G service, announced last week, is provided over the network of Vivendi-owned telco SFR.last_img read more

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Finnish telecom operator DNA is combining all its

first_imgFinnish telecom operator DNA is combining all its TV and fixed-network broadband services in a single company, DNA Welho.The move means that DNA will merge digital-terrestrial pay TV unit Plus TV, which it acquired in September last year, into the new unit. Plus TV operator DigiTV Plus will be renamed as DNA Welho.DNA said it would migrate Plus TV to the DNA Welho brand in March, giving a single brand for all TV and fixed-network offerings. The product and service selection of Plus TV will be expanded, according to the company.DNA’s cable network reaches 600,000 homes in Helsinki, Oulu, Lahti, Kuopio, Turku, Pori, Rauma and Lohja, while its own terrestrial VHF network covers about 85% of the country’s homes. The Merger of DNA’s and Plus TV’s terrestrial offerings mean that households are able to view VHF and UHF network using their existing TV caerd, while Plus TV subscribers can now access all Antenna Ready HD approved HD services on the network.“Now is the time to update the receivers and antennas of terrestrial-network households, since all of this year’s major events – such as the Winter Olympics in Sochi, Formula 1 season, Ice Hockey World Championships and FIFA World Cup – will be broadcast in high definition. Both pay TV channels and the new, free HD channels of Yle will feature high-definition offering,” said Pekka Väisänen, VP for consumer business.last_img read more

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Spanish satellite operator Hispasat has extended i

first_imgSpanish satellite operator Hispasat has extended its capacity agreement with RRSat, RTVE and FORTA for distribution of content from 30º West.The Hispasat 1E satellite, situated at this orbital slot, distributes TV and radio channels from the RRSat platform for Europe and America. Hispasat said it is launching a joint program with RRSat, aimed at deploying antennas in Europe, to provide quality content and an increased number of channels in the 30º West position covering Europe.The Hispasat 1E satellite will also distribute content from Spanish public service broadcaster RTVE to America from the same European position, and will broadcast the respective regional Galician and Basque channels TVG and ETB, to America, thanks to its deal with Spanish broadcast federation FORTA.“The capacity of the Hispasat satellites to transmit powerfully to the American continent makes it the transatlantic satellite operator with the biggest and best coverage for providing European programming to America,” the firm claimed.last_img read more

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Online video platform provider Piksel has teamed u

first_imgOnline video platform provider Piksel has teamed up with TV metadata specialist Lingospot to deliver personalisation, search, targeted advertising and content discovery.The partnership will make it possible to derive rich, scene-level metadata for each piece of content, comprising the subjects, themes, topics and concepts contained within it, and to use this compiled intelligence within Piksel’s video solutions to drive content suggestions and advertising selections that are personally relevant to viewers, according to the pair.Lingospot uses patented natural language processing, semantic search, image analysis, and machine learning technologies to analyse multiple modalities of video and extract time-coded metadata about what is happening on a scene-by-scene basis.  Combining Lingospot with the capabilities of the Piksel Palette will enable services such as random access TV viewing, plot based recommendations and personalised media delivery, according to the companies.“Meeting the demands of the online audience and creating compelling user experiences requires deep understanding of the content itself, one that can be achieved with metadata. This can be accomplished using easily accessible metadata about the video content, in combination with analysis of what occurs within the video content. Rich metadata can power increased usage and monetization opportunities through effective content search, discovery, hyper-personalized recommendations and advertising. All of which play a key role in much-needed service differentiation. The addition of Lingospot’s technology to the Piksel Palette™ will give our customers exclusive access to a suite of enhanced metadata services that are truly innovative in the video space and we are delighted to formalize our partnership together,” said Mark Christie, chief technology officer at Piksel.“Over the last two years, Lingospot has focused on building the technology to analyze various modalities of video content.  We have become leaders in deciphering exactly what is happening inside a video stream, in real-time.  This understanding goes a long way towards building revolutionary video discovery and consumption experiences. Piksel is a leader in all the technology elements we were missing to launch these services.  We are excited to be joining forces with Piksel as part of this technology partnership and look forward to launching some of these unique services leveraging our combined capabilities,” said Nikos Iatropoulos, CEO of Lingospot.last_img read more

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