Powell talks faster payments with Senate panel

first_imgFederal Reserve Chairman Jerome Powell – during testimony Thursday before the Senate Banking Committee – answered questions about the development of a real-time payments system. NAFCU has worked to ensure credit unions’ perspective on a safer, faster payments system is considered as the Fed and other stakeholders work on the issue.Powell was delivering the agency’s semiannual Monetary Policy Report; he testified before the House Financial Services Committee Wednesday.Responding to questions from Sen. Chris Van Hollen, D-Md., Powell indicated that the Fed is currently reviewing comments on its proposal to develop a 24/7/365 real-time gross settlement (RTGS) service. Powell also noted the support of the proposal from small financial institutions; NAFCU in December shared how credit unions could benefit from faster payments services and has encouraged the Fed to play an operational role in a future, faster payments system.Senate Banking Committee Chairman Mike Crapo, R-Idaho, also asked about data collection practices and efforts to ensure consumers have privacy and control over their data. Powell acknowledged the importance of this and said more work needs to be done on the issue. NAFCU’s Cybersecurity and Payments Committee recently received an update on the Fed’s work to identify and mitigate payments fraud risk from The Federal Reserve Bank of Chicago’s Tim Boike, and also discussed consumer privacy legislation. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Clippers are eager listeners when Lou Williams has something to say

first_img Clippers hope they can play to their capabilities, quell Mavericks’ momentum Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters The 23-year-old guard is averaging 11.8 points and 2.6 assists for the G League’s Maine Red Claws.As a senior at Virginia Tech, Bibbs – the nephew of Pro Football Hall of Fame cornerback Michael Haynes – averaged 13.3 points, shot 40 percent on 3-pointers and was regarded for his defense.GALLO GETS A GAME OFFDanilo GaIlinari sat out Tuesday night against Portland, resting on the second half of the back-to-back, according to the team. In Monday’s 140-115 victory against the Celtics, the 30-year-old forward scored 25 points in 27 minutes. For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory “He’s the only person in this locker room who can calm me down and that’s big-time,” Beverley said. “He doesn’t do a lot of yelling, he doesn’t do a lot of extra (stuff), but he comes in, focused, gets his work in. He’s smooth, cool, chill and like I say, when he speaks, we all listen, for sure.“He’s our leader and when he’s got it going, you see we like to give him the ball and keep it going because a lot of good things happen.”Center Ivica Zubac played with Williams on the Lakers during the 2106-17 season, and he remembers Williams’ words carrying a lot of weight in that locker room too.“Everyone wants to hear what he’s got to say, and when he’s talking it’s something important,” Zubac said. “You know that’s something that we need to work on or it’s a problem. You know if he’s saying it, everyone’s going to listen to him.”“He is the complete opposite of who I thought he was,” Clippers coach Doc Rivers said. “He has been a delight to coach, he is a tremendous leader in the locker room. And honestly, from afar, I just saw him walk in and score and it looked like he just walked in and did his thing and left. I thought he was more indifferent. LOS ANGELES — Of course these Clippers are led by a guy off the bench.No, Lou Williams is no ordinary reserve, having become the NBA’s greatest bench scorer on record with Monday’s 34-point performance. But he offers more than 20.4 points per game for a Clippers team that’s closing in on a postseason appearance despite a roster devoid of a “superstar,” or even anyone who’s ever been named an All-Star.It’s Williams and Pat Beverley who have set the tone for the Clippers’ improbable success; Beverley brings the fire, Williams the ice.But Beverley will readily tell you that he’s learned a lot about leadership from Williams, about accountability and focus, and about embracing big moments.center_img Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates “(But) he has what I call a heater; he runs hot at times,” Rivers added. “And when he does, he gets on his guys. What I love the most about him is how much he teaches the young guys, he’s really in tune to them. I would’ve never guessed that he was that way, and yet he is.”Williams has shown he embraces his role as a sixth man, and as a leader on a team intent on proving itself, much as he was when he initially began being used off the bench.“It took some time, it took some resentment: ‘If you think that I need to come off the bench, I’m gonna put you in a position to try to prove me wrong,’ ” Williams said Monday night. “And I think after a while, I was like, ‘This is kind of fun. This is kind of interesting.’“(Now) I wouldn’t say we had a chip on our shoulders because we don’t play angry. We play happy, we play free, we play together, we laugh, we have a good time out there on the floor,” he added. “But we have a lot of guys in this room who try to prove their names every night, with whatever they bring to the table, and it works for us.”NEW ADDITIONThe Clippers plan to sign 6-foot-5 guard Justin Bibbs to a 10-day contract on Wednesday, a league source said.Related Articles What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more


first_imgPrincipal of Deele College Joe Boyle gets into the spirit.George Best was in his debut season as a Manchester united player, The Beatles were sweeping through America and in the town of Raphoe, the doors of Deele College were opened for the very first time.We never new former principal PJ McGowan was a Teddy Boy in the day!Yesterday, the staff and students of the school kicked off the 50th anniversary celebrations in some style, with a 1960’s themed parade through the town of Raphoe, before showcasing their talents to a packed Diamond. There was a cacophony of noise and a vast array of resplendent colours, as the school community, both past and present, joined together for this fun filled day.Some of the regalia on show included figures from the past, such as Muhammad Ali, JFK and John Lennon, while historical milestones from the era were also celebrated, such as the first lung transplant, the first MRI and the first colour television, showing just how far we have come in fifty years.There were some brilliant performances at The Diamond from students, who sang, acted and recited poetry, while others ensured there were plenty of laughs with their eccentric outfits.The event showed the hard work that the students are willing to put in outside the classroom, as well as inside.Thanks to the students and staff, the day was a massive success and gave students the opportunity to take time out from their busy schedules, to celebrate a significant milestone in the school’s history.The Student Council and members of staff from The Royal and Prior also attended the event and showed their support for the celebrations, illustrating the great working relationship that exists between the two schools.A series of events has been organised for the anniversary and they will take place early next year. These events will bring together former students and former members of staff, where they will get the opportunity to reminisce about their days at the school.The current students and members of staff are looking forward to showcasing the school and it is hoped that the 50th anniversary celebrations will live long in the memory.Rosaleen is having a ‘Harte to Harte’ with these two men in Raphoe.DEELE COLLEGE LAUNCH 50th CELEBRATIONS IN SPECTACULAR FASHION was last modified: October 25th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more