Will credit unions return to an 18-month exam cycle?

first_img“… it’s not 2008.”This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. There’s been much back and forth over the last week on this subject and the NCUA’s desire to stick to a 12-month examination cycle for the financial institutions it regulates.In a call to action, Credit Union Journal published a letter to the editor from National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger recommending that the NCUA return to an 18-month exam cycle to cut down on expenses. This followed further transparency of the NCUA’s budget, which noted $6.39 million allocated to examiner airfare and auto rentals. Berger’s letter also cited that, for low-risk institutions, extending the exam timeline would give the NCUA more flexibility in balancing staff and resources without compromising the soundness of the industry.But the NAFCU’s recommendation was quickly dismissed. On the heels of Berger’s op-ed, CU Journal quoted NCUA spokesman Ben Hardaway as saying the 12-month exam cycle is “more appropriate and more effective.” The article notes that according to Hardaway, credit union financial stability changes too quickly to allow for the risks that can occur when an institution goes longer than 12 months without an exam. continue reading » 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

The cooperation between Booking.com and the Grab platform added fuel to the global race for dominance in the tourism sector

first_imgThe race has started, and it is on this track that new news and “gamechanger” from Booking.com come to us. In any case, the gloves were thrown away, and the race for the huge tourist market began. But the most important thing, the biggest benefit at the end of the whole story, is to get the users themselves who will have a better user experience. The imperative of the mentioned companies is to become a kind of full service for passengers, ie to use as many additional services as possible through one application / service, which complement each other through one trip. From travel, accommodation, public transport, excursions, restaurants, attractions and tourist facilities… all under the slogan one profile, one platform and one unified service. Southeast Asia is visited by 130 million people a year TRIPADVISOR TRANSFORMATION: THE MOST SELLING EXPERIENCES Thus, users of Booking.com’s application will be able to access the services of the Grab platform in Singapore today, in Indonesia and Thailand before the end of the year, and in Cambodia, Malaysia, Myanmar, Vietnam and the Philippines in early 2020. The question everyone is asking is: Why stay only in the accommodation service, when we can use our power and large customer base and offer a much wider range of services to travelers. As a result, they all become direct competitors with each other and enter “someone else’s” yard. The gloves are thrown away. For the first time, the company is trying to offer on-demand transport, and with this move will connect international travelers visiting Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, Vietnam and the Philippines with drivers through an application they already know and trust. It will also remove language and currency barriers that can deter many visitors from using the services of local carriers. By the way, Grab is the leading provider of on-demand transportation services in Asia (Asian “Uber”) and is also the owner of the most famous mobile application in Southeast Asia. Today, the Grab app has more than 152 million mobile downloads and gives users access to over 9 million drivers, retailers and resellers. Grab also has the largest number of land transport drivers in the region, and since its founding in 2012, it has recorded 3 billion trips. Grab also offers the widest selection of on-demand transportation services in the region, and also offers a range of food and package delivery services, in 336 cities in eight states. This initiative synergistically unites the strengths of the two leading companies in the field of technology and travel and marks the first collaboration of Grab with a global online brand in the field of travel from the west with the aim of creating a local experience. AIRBNB FOR NOW REFUSES TO PARTICIPATE IN A NEW ACCOMMODATION RENTAL PROGRAM WITHIN THE GOOGLE SEARCH Bryan Batista, CEO of Booking.com’s transportation department, said: “This time is exciting, people are discovering new ways to explore the world around them. Both we and Grab are pleased to push the boundaries by bringing together our unique strengths to provide added value and provide passengers with real, tangible benefits. Our mission is as simple as it is ambitious, we make it easy for everyone to explore the world. Guided by this, we will continue to test and develop innovative products. By providing our customers with intuitive technology solutions, we give them the freedom to explore, with more choice and personalization than ever before.” AIRBNB ABOLISHES GUESTS FEES TO MAKE MORE COMPETITIVE TO BOOKING It was only a matter of time before these technology giants and leaders in their sectors would use their power to embark on a much larger portion of the tourism pie that is growing year by year. RELATED NEWS: If you are not up to date, read a couple of related news on this topic, attached below. VIDEO: Announcement of cooperation between Booking.com and Grab / Photo: Booking.com AIRBNB AND 23ANDME ASSOCIATE TO POPULARIZE GENEALOGICAL TRIPS GOOGLE BECOMES A STRONGER PLAYER ON THE STAGE OF ONLINE TRAVEL AGENCIES GOOGLE INTRODUCES PRIVATE ACCOMMODATION RENTAL OPTION WITHIN ITS HOTEL RESERVATION APPLICATION BOOKING.COM ENTERS IN PARTNERSHIP TO ENABLE FLIGHT RESERVATIONS IN 7 EUROPEAN COUNTRIES TRIPADVISOR PLANS TO INTRODUCE A LOYALTY PROGRAM TO WIN THE BATTLE AGAINST GOOGLE TRAVEL Interestingly, 70% of the world’s on-demand transport activities take place in Asia, and Southeast Asia and its love of mobile technology are the logical ground for a new challenge of on-demand transport. WiFi networks are already more or less ubiquitous in this region, and smartphone use is projected to triple before the end of 2021. Namely, booking.com, in cooperation with the Grab platform, is introducing an on-demand transport service, giving users of Booking.com’s application access to the largest selection of drivers in 8 Southeast Asian countries. The integration of transportation services, at the request of the Grab platform, into Booking.com’s application is part of a broader strategic partnership between Booking Holdings and Grab. Booking Holdings is investing in Grab, and Grab, in collaboration with Agoda and Booking.com, has introduced hotel reservations directly in its app. HOTELTONIGHT APPLICATION BECAME PART OF AIRBNB Southeast Asia is visited by 130 million people a year, and the collaboration between Booking.com and Grab will provide them with the tools they need to travel as locals, from cashless payments through apps in users’ currencies that are critical to tourists, driver safety. customer service in the language of the user and most importantly all-in-one service – accommodation booking and taxi services through one platform. In the past year, an intense and large global race has begun between Booking.com, TripAdvisor, Airbnb and Google, which have begun to expand the range of their travel services to their customers. Booking.com users can already pre-book taxis in more than 120 countries and rent vehicles in more than 160 countries. Also, although it is still a pilot project, they can purchase and use public transport tickets in six European and Australian cities via the Booking.com app. Collaboration of Booking.com and the Grab platform BOOKING.COM LAUNCHES INDEPENDENT RESERVATION AND ATTRACTIONS WITHOUT THE NEED FOR PREVIOUS HOTEL ROOM RESERVATION BOOKING.COM LAUNCHES BOOKINGSUITE APP STORE. GAME CHANGER IN THE TOURISM SECTORlast_img read more

Don’t take out retailers’ woes on the property industry

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

No. 1 USC to clash with Arizona schools

first_imgHitting a milestone · During her career, senior outside hitter Samantha Bricio has been a part of 93 of head coach Mick Haley’s 899 NCAA Division I women’s volleyball victories. He seeks to become just the third to reach 900. – Mariya Dondonyan | Daily TrojanThe undefeated women’s volleyball team returns home on Friday looking to notch the 900th win of the Mick Haley era. Both Arizona programs in the Pac-12 will visit the Galen Center this weekend: the No. 10 Arizona State Sun Devils come first on Friday night and the No. 14 Wildcats will look to knock off the No. 1 Women of Troy on Sunday.In his 15th year in charge, head coach Mick Haley is aware of his upcoming milestone, but he said he is not interested in dwelling on it.“I honestly don’t keep track of this stuff, and I think it’s useless to think about what you’ve done,” Haley said. “We start every week 0-0.”For the second week in a row, Haley’s undefeated squad finds itself atop the national rankings. With an 18-0 record, the Women of Troy are one of just two unbeaten teams remaining in the nation, the other being No. 9 Kansas, but they are coming off a tough road trip to Colorado and Utah, where the Buffaloes pushed them to five sets in Boulder.“The road trip was four long days,” Haley said, “[But] if you get wins … on the road in this conference, you’ve done something really special.”After such a demanding travel schedule last week, the team was excited to be back playing at the Galen Center.“We play here, we practice here, we basically spend all of our time here,” senior middle blocker Alicia Ogoms said. “We know how the ball moves, and we’re definitely really comfortable at home.”The Women of Troy will first take on Arizona State. The Sun Devils got off to a flying start to the season, but they lost their first two games last week during their visits to Washington and Washington State. Despite the losses, ASU remained in the top 10 this week with a 15-2 record.USC last faced off against Arizona State early last season, when the Sun Devils came to the Galen Center and beat the Women of Troy, 1-3. The loss dropped USC out of the top 10, and the team finished the season unranked. This year, the much-improved Women of Troy are determined to grab a win.“The biggest thing for us is to stay in rhythm and run our system,” Ogoms said. “It’s harder to run your system when you’re on the road, so now we want to get back to doing what made us successful at home.”Arizona State comes to the Galen Center reeling. During the first of their back-to-back losses in Washington, the Sun Devils lost senior outside hitter Macey Gardner for the rest of the season to a torn ACL, and ASU will undoubtedly miss the program’s all-time kills leader on Friday.Pac-12 volleyball analyst Holly McPeak shared her thoughts about filling the void for the Sun Devils, who have dropped consecutive sets since Gardner’s injury.“[ASU will] have to figure out how to put the pieces of the puzzle together without Macey,” McPeak said.Haley passed along his best wishes to Gardner, having coached her during a trip to China, but he emphasized that ASU is still a formidable opponent.“I’ve ranked them top two in the country all year,” he said. “They have a good coach in Jason Watson, and he knows how to rally his team, so I’m sure they’ll be ready come Friday.”After what will undoubtedly be a stiff test against the Sun Devils, USC will take on Arizona. The Wildcats began their season with eight wins on the trot, but they have gone 5-5 since. Their last match was a 3-2 win versus Washington State, but Arizona will have to face off against UCLA in Westwood before taking on the Women of Troy.Last season, USC traveled to Tucson and clinched NCAA tournament eligibility with a 3-1 victory over the Wildcats.Arizona leads the conference in defense, but McPeak pointed out that the Wildcats’ main goal will not be to stop senior outside hitter Samantha Bricio, but to try and slow her down.“No one will ever shut her down,” McPeak said.As each game goes by, Haley says the team is also preparing and practicing for the long haul.“It sounds funny, but you play September, October and November to get ready for December,” he said. “We want to be 6-0 in December [at the NCAA tournament]. That’s the name of the game.”Friday’s match against Arizona State kicks off at 8:00 p.m., and Arizona will play in the Galen Center at 11:00 a.m. on Sunday. Both games will be broadcasted on the Pac-12 Network.Jodee Sullivan contributed to this report.last_img read more