Trump budget spares credit union tax exemption; calls for restructured CFPB, elimination of CDFI Fund

first_img continue reading » 22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr President Trump’s proposed 2018 budget proposes a “restructuring” of the Consumer Financial Protection Bureau and eliminates the Community Development Financial Institution Fund, but also assumes the credit union tax exemption will remain in place for at least the next 10 years.The $4.1-trillion budget for 2017 includes deep cuts in a number of programs, especially those that are aimed at lower-income Americans, and assumes 3% economic growth, which economists have already said is extremely unlikely.The CDFI Fund has been consistently in the cross-hairs of the Trump Administration, which targeted it for cuts early on. Congress, however, has been inclined to provide money for the CDFI Fund, including $248 million in the recently passed bill to fund government operations. As of January 31, 2017, there were 287 credit unions certified as CDFIs.In a statement following release of the president’s budget, which is really just a guide for what the administration wants since Congress controls the national purse-strings, NAFCU CEO Dan Berger said the association is “pleased that President Trump’s budget proposal does not single out the credit union tax exemption for elimination, and we will continue to work with Congress and the administration to protect the exemption throughout the tax reform process.”last_img read more

Duke ‘looking into’ claims Nike paid Zion Williamson’s mother

first_img Celebrity attorney Michael Avenatti charged with trying to extort millions from Nike Michael Avenatti releases documents alleging Nike paid top NCAA recruits The Chronicle reached out to Duke’s director of athletics Kevin White, who said the claims will be investigated like any other compliance matter. “We are aware of the allegation and, as we would with any compliance matter, are looking into it. Duke is fully committed to compliance with all NCAA rules and regulations,” White wrote in a statement. “Every student athlete at Duke is reviewed to ensure their eligibility. With regard to men’s basketball: all recruits and their families are thoroughly vetted by Duke in collaboration with the NCAA through the Eligibility Center’s amateurism certification process.”  ​ Related News Duke is “looking into” celebrity attorney Michael Avenatti’s claims that Nike paid Zion Williamson’s mother for consulting services while her son was one of the top high school recruits.According to a report from The Chronicle, the university was made aware of Avenatti’s allegation after a series of tweets Saturday morning linked to documents Avenatti says show “only SOME of the evidence showing Nike bribed players to attend ‘Nike’ colleges.”center_img He averaged 22.6 points and 8.9 rebounds per game and was named the Associated Press Player of the Year to cap of his season, which ended after the team’s Elite Eight loss to Michigan State on Sunday.​Avenatti, who was arrested last month for allegedly trying to extort more than $20 million from the sportswear company by threatening to release damaging information, also linked payments to associates of former Arizona star Deandre Ayton — who is now with the Phoenix Suns — Oregon’s Bol Bol and former UNLV player Brandon McCoy in the shared documents. Avenatti tweeted Friday night that Nike paid Williamson’s mom, Sharonda Sampson, for “bogus consulting services” as part of a “bribe” to get the Williamson to attend Duke. [email protected] – About this denial by Coach K the other day relating to payments by Nike…Can you please ask Zion Williamson’s mother – Sharonda Sampson – whether she was paid by @nike for bogus “consulting services” in 2016/17 as part of a Nike bribe to get Zion to go to Duke? Thx.— Michael Avenatti (@MichaelAvenatti) April 6, 2019Avenatti added shortly after, “I almost forgot – long day – @DukeMBB can you also have your close friends at @Nike check their Nike Vendor Portal for payments to “Sharonda Sampson Consulting”. Just search 2016 to the present. Appreciate it.”Williamson is the projected No. 1 pick in this year’s NBA draft after a head-turning freshman season for the Blue Devils.last_img read more

Man Utd, Arsenal & Spurs in £25m transfer battle for Juventus flop Emre Can

first_imgARSENAL, Manchester United and Tottenham are part of a FIVE-way battle for Juventus midfielder Emre Can, according to reports.The German, 26, moved from Liverpool to the Italian giants in 2018 but has struggled for form and minutes – not helped by needing thyroid surgery months after joining.1 Emre Can is at the centre of a five-way battle for his signatureCredit: GettyHe was left out of the Maurizio Sarri derby as Juventus lost 2-1 to Napoli on Sunday – officially with flu – as Blaise Matuidi, Miralem Pjanic and Rodrigo Bentancur started in midfield.Adrien Rabiot came off the bench but Aaron Ramsey was an unused substitute.And now Can is being linked with a return to either the Premier League or the Bundesliga with Borussia Dortmund and former-club Bayern Munich also interested.Can joined Juventus for free and is under contract until 2022 but it is understood his club would be willing to sell for around £25million.According to Bild, Borussia Dortmund are at the front of the queue to land the midfielder.But regardless of where he ends up, Can is likely to need to take a significant pay cut if he does leave Turin.WAGE WARHe is on a reported £260,000 per week which could off potential suitors, with Dortmund willing to pay him £160,000 a week instead.Out of the three Premier League sides, Manchester United are the most in need of another midfielder with Paul Pogba and Scott McTominay injured and Nemanja Matic now 31 and out of contract in the summer.Mikel Arteta is getting plenty out of Granit Xhaka and Lucas Torreira while Matteo Guendouzi also offers another option in a holding midfield role at Arsenal.Spurs boss Jose Mourinho, meanwhile, is without Moussa Sissoko, looks set to sell Victor Wanyama and has publicly criticised record-signing Tanguy Ndombele.Can came through the youth ranks at Bayern Munich but made just seven first-team appearances before joining Bayer Leverkusen in 2013 and Liverpool a year later.And Munich manager Hansi Flick is well aware of what Can could add to his side.Latest transfer newsLive Blogblues newsChelsea news LIVE – Latest updates from Stamford BridgeLive Blogunited newsMan Utd news LIVE – Latest updates from Old TraffordLive BlogGunners newsArsenal news LIVE – Latest updates from the EmiratesGossipGOING DUTCHChelsea ‘to grab Mbuyamba on free deal’ with defender set to leave BarcelonaDEPAY CHARTMan Utd flop Memphis used computer data and analytics to quit Old TraffordLive BlogBLUES NEWSChelsea news LIVE: Latest updates and transfer gossip from Stamford BridgeGossipFIT IN HIS BELEArsenal turn attention to Lyon striker Dembele as Lacazette replacementGossipGUNNER MAKE A MOVEArsenal weighing up transfer move for Barcelona star RafinhaHe said: “As long as the transfer window is open, a lot can still happen.”I was there at the Under-20 European Championships in Israel in 2013, so I was able to get an idea of ​​him. He is a top professional with a top career.“He just has the quality to play for every club in the Bundesliga. He is a leader and is good for every team.”last_img read more