CUNA for hearing record: Breach debate must be all about protecting consumers

first_imgCUNA submitted a strong statement, both solo and jointly with its coalition partners, this week to the U.S. House Financial Services Committee on the issue of data security. The committee held its first hearing on data security topic since the massive Target data breach in late 2013, and CUNA’s letters were sent for the hearing’s record.“We encourage you to ignore the excuses, attempts to pass blame and efforts to make this a fight between business sectors,” CUNA President/CEO Jim Nussle wrote. “The debate on data security should be about protecting sensitive financial information, ensuring consumers feel confident that their data is secure, whether it’s where they shop, or at their financial institution.”Nussle added that credit union responses to protect members in the wake of a breach, such as reissuing cards and notification, do not come without costs and can make a significant difference in the bottom line of not-for-profit institutions. This could interfere with the ability to offer services to members.Rep. Jeb Hensarling (R-Texas), chair of the committee, said it is time for Congress to step up and make progress when it comes to protecting consumers. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Toure kept believing

first_img The club’s former captain has enjoyed a return to prominence and form in recent weeks with four successive starts in the injury-enforced absence of current skipper Vincent Kompany. The 31-year old told the club’s website, “We have so many players here and it’s difficult to play every game, but you need to get ready and any time you have the chance to play give 100 per cent.” He added: “It’s very important to keep focused and to keep your concentration high and keep working hard in training. That’s the only thing you can do. “It’s always difficult when you don’t play and are not in the team, but the only thing that can keep you going is working hard and believing in yourself – and that is what I have been doing.” The Ivory Coast international is out of contract at the end of the season and there has been speculation that his recent form could earn him a one-year extension. Yet while his future remains uncertain, Toure is just happy to have been able to contribute again. Toure, a £16million signing from Arsenal in 2009, said: “I feel very good at the moment. I’ve had the chance recently to play more and I’m really enjoying being able to give my best for my team. “Everyone around me and all my team- mates have helped me a lot, and that’s very important. Every time I have played for City, I just give 100 per cent – for me the main thing is just to work hard.” Kolo Toure never lost belief in his ability after slipping down the pecking order at Manchester City, the defender has said.center_img Press Associationlast_img read more

Legislature Adjourns for Easter Break

first_imgHouse of Rep.jpgLawmakers will go on their first ceremonial break after Thursday’s session in observance of Easter, the most important and oldest festival of the Christian church, to celebrate the resurrection of Jesus Christ.The Lower House, the House of Representatives, will on Thursday, April 6 adjourned for two weeks and is expected to resume work on Thursday, April 20.The Easter Break is in consonance with the timetable of the House Rules and Procedures, which states that the Legislature is entitled to two breaks, Easter and Constituency/Agricultural.Meanwhile, several bills are in Committee Rooms waiting to be deliberated on, including the Firestone Agreement and the controversy surrounding the transfer of assets of BHP Billiton to Jonah Capitals.Firestone-LiberiaThe modification of the oldest concession in Liberia, Firestone–Liberia, has been forwarded to the House of Representatives entitled: “Amended and Restated Concession Agreement between the Republic of Liberia and Firestone, Inc.”President Ellen Johnson Sirleaf told lawmakers that the Bill seeks to amend certain provisions of the 2008 Firestone Concession Agreement which will gradually return Firestone to full rubber production capacity.Moreover, the Bill will enable Firestone to consider commencing the process of diversification into other agricultural products.The President said that the Government of Liberia and Firestone Liberia, Incorporated entered into an Amended and Restated Concession Agreement in 2008, which became effective on March 31, 2008.However, there has been substantial and unanticipated decline in rubber prices since 2013 that threatened the continued viability of rubber production in Liberia.As such, Firestone-Liberia’s Rubber production is less than 30 percent of the pre-1990 production levels due to the inability to replant during the Liberian civil crises.BHP BillitonThe House is investigating what has been termed as a gross violation of the controversy surrounding the recent acquisition of four major iron ore assets in Liberia from BHP Billiton by Cavalla Resources – a wholly owned iron-ore holding company of Jonah Capital, chaired by Sam Jonah, a Ghanaian businessman.The House believes that no transfer of assets should be done without the approval of the Legislature.It has been discovered that BHP Billiton Iron Ore Holdings PTY Ltd in 2016 transferred their assets to Jonah Capitals without the acquiescence of the Legislature.“What is troubling is the fact that the transfer to Jonah Capitals was only done with the Executive Branch,” Rep. Henry B. Fahnbulleh wrote.“Its contrary to Section 23.1, which states that no transfer of (1) this agreement or a mining license, or (2) any rights of the company in a mine or any immovable infrastructure (other than in ordinary course of renewal and replacement of its properties and other than transfer of products in the ordinary course of business) is permitted unless the transfer has received the prior written consent of the government.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more