The scope of Reg. Z’s student loan rule

first_imgHi compliance folks! My name is Loran, and I am the newest edition to your favorite team, the NAFCU regulatory compliance team! It is only right, as the millennial that I am, to kick off my first blog with a topic that haunts my dreams… student loans… private education loans, to be exact.Sections 1026.46-48 of Reg. Z impose requirements on lenders for private education loans, including disclosure of terms and interest rates. It also imposes requirements on lenders regarding advertisement of these terms. As explained in the CFPB Education Loan Servicing Exam Manual, the requirements of this section apply to “private education loans” and any lender who offers them (looking at you, credit unions).Who is a private education lender? Any creditor who makes a “private education loan,” is a private education lender. A private education lender may be a credit union, bank, and even the educational institution the borrower attends. Reg. Z does not put limitation on who is regulated by this section, but focuses on what is regulated: private education loans. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Clippers vow to keep fighting with Blake Griffin sidelined by knee injury

first_imgThings took a turn for the worse when the Clippers, mired in a nine-game losing streak, learned Patrick Beverley would be sidelined for the remainder of the season after undergoing right knee surgery last Wednesday. Griffin’s injury late in Monday’s game against the Lakers was another punch in the gut.DeAndre Jordan is the last starter standing from their opening-night lineup Oct. 19.Austin Rivers said the season is far from over. There is time to recover and make the playoffs. The Clippers (8-11) haven’t reached the one-quarter mark in the NBA’s 82-game regular season schedule, and there is a great deal of basketball still to be played.“I hope so,” he said. “The good thing is we’ll have Gallo and Milos back in the next couple of weeks. Obviously, Pat is not going to be with us for the remainder of the season, and B.G. is going to be back in six weeks. So, I think we’ll have plenty of time. That’s even before the All-Star break.“The thing is we’ve got to continue to win these games without these guys.”The Clippers will take a three-game winning streak into Thursday’s game against the Utah Jazz at Staples Center. Their lineup will look a good deal different than it was for their Oct. 24 victory over the Jazz, with Jordan the only one still healthy enough to play.Austin Rivers and Lou Williams are expected to start in place of Teodosic and Beverley, as they have for the past three games. Wesley Johnson is expected to start in Gallinari’s spot at small forward, with Montrezl Harrell possibly replacing Griffin at the power forward position.It’s all subject to change, though.“The one thing we’re not going to do is be sold on a starting lineup right now,” Doc Rivers said when asked to name Griffin’s replacement “We’ve just got to keep mixing and matching and try to pull out single games. That’s how we have to play. “ PLAYA VISTA — Now what? What do the Clippers do without All-Star power forward Blake Griffin for the next two months? How do they regroup and move ahead with their leading scorer and best all-around player sidelined by a sprained left knee? How will they survive without three other injured starters?Doc Rivers took the first step by laughing Wednesday.What else could he do? Crying was simply wasted energy.There was no talk of the Clippers Curse. That wasn’t worth his time or effort either. Rivers dismissed widespread speculation that his job could be in jeopardy or that the Clippers would begin an immediate rebuilding of the franchise. After all, the Clippers underwent an offseason makeover when they traded Chris Paul and took away Rivers’ management duties.“The day I start answering the internet people is the day I’m an internet person,” Rivers said, laughing. “That’s not going to happen. I don’t listen to that stuff. We’re going to do what’s best for the franchise. Always. That’s what we’re going to keep doing.”What’s next?“We’ve just got to try to piece it together the best we can,” he said. “There’s not much you can do about it, but you can’t lay down, I can tell you that. You have to play. You have to teach. I’ve been in this situation before. You’ll find your joy in this, as well, as a coach and as players.”The Clippers haven’t been the Clippers since Milos Teodosic suffered a plantar fascia injury in his left foot in the first half of the second game of the season Oct. 21. They took another hit when Danilo Gallinari was sidelined by a strained glute Nov. 5.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Report: Lakers won’t hire new team president to replace Magic Johnson

first_img Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Magic Johnson has always been a hard act to follow.After the 59-year-old Hall of Famer resigned last month as Lakers team president, the franchise has decided not to appoint a successor.An ESPN report outlines that the Lakers will keep their power structure as it’s been operating since April 9, with General Manager Rob Pelinka as the chief basketball decision-maker. He’ll report directly to team owner Jeanie Buss.While the Lakers haven’t shown a pressing concern to replace Johnson, the report is the most definitive indicator yet that the Lakers aren’t searching for a new team president. The streamlined power structure would both serve to increase Pelinka’s influence in the organization, as he previously reported to Johnson, while also increasing his accountability for the Lakers’ state of affairs. The Lakers are preparing to publicly introduce Vogel on Monday. Since his hiring became official earlier this week, the 45-year-old former Indiana Pacers and Orlando Magic coach has been in Chicago with other Lakers officials for the NBA Draft Combine conducting interviews and evaluating prospects.TOP DRAFT TARGETS PLAY COY AT COMBINEIf it feels like there’s not a lot of information available about the Lakers’ potential targets at No. 4 following the NBA Draft Combine, get used to it.It’s a commonly used tactic at the top of the draft to withhold information, in the interest of protecting one’s stock, rather than sharing. With the Lakers slotted for a top-five pick, many of the players who have been rated in their draft range are participating only in portions of the league’s annual meat market in Chicago.Related Articles How athletes protesting the national anthem has evolved over 17 years Lakers practice early hoping to answer all questions Several top prospects, including Duke’s Zion Williamson, Murray State’s Ja Morant, Duke’s R.J. Barrett, Vanderbilt’s Darius Garland and Virginia’s De’Andre Hunter opted out of testing altogether. Others who might be on the Lakers’ radar were more choosy: Duke’s Cam Reddish and Texas Tech’s Jarrett Culver did body measurements but opted out of athletic testing and shooting. Most of the projected first-round prospects did not participate in the Combine scrimmages Thursday and Friday.It’s a path that is well-tread by the Lakers, who have had the No. 2 overall pick in three of the previous four drafts, picks that became D’Angelo Russell, Brandon Ingram and Lonzo Ball. Top prospects generally schedule private workouts for the teams in position to select them.Reddish, one of the vaunted Duke trio who is expected to be taken in the top 10, said he had met with the Lakers among many other teams.center_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThe team’s urgency is building to return to the postseason after a six-season absence. Among the more impactful decisions Pelinka will be charged with include how to use the Lakers’ No. 4 overall pick in the draft on June 20, as well as how to recruit from a heralded class of free agents hitting the market on July 1.Pelinka, 49, has been general manager since early 2017 when he was brought in by Buss to work alongside Johnson. The larger bulk of his professional experience has been as an agent, when his most high-profile client was Kobe Bryant.Buss and other front office figures have largely been tight-lipped since Johnson departed in dramatic fashion, with an impromptu press conference before the Lakers’ regular-season finale on April 9. While Buss, team advisor Kurt Rambis and other top officials have been heavily involved in the team’s coaching search which eventually yielded Frank Vogel, only Pelinka has so far spoken to reporters on the record, most recently after the Lakers’ secured the No. 4 pick at the NBA Draft Lottery in Chicago.Pelinka insisted on Tuesday night that his role as GM hadn’t changed for draft preparations despite Johnson’s abdication.“My role as the GM right now is the same as it was when we selected Lonzo Ball (in 2017) with the second pick, which is our last high pick,” he said. “My role hasn’t changed since then.” Lakers, Clippers schedules set for first round of NBA playoffs Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more