Cavmont Capital Holdings Plc (CCHZ.zm) 2019 Abridged Report

first_imgCavmont Capital Holdings Plc (CCHZ.zm) listed on the Lusaka Securities Exchange under the Investment sector has released it’s 2019 abridged results.For more information about Cavmont Capital Holdings Plc (CCHZ.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Cavmont Capital Holdings Plc (CCHZ.zm) company page on AfricanFinancials.Document: Cavmont Capital Holdings Plc (CCHZ.zm)  2019 abridged results.Company ProfileCavmont Capital Holdings Zambia Plc is a registered commercial bank in Zambia and the holding company of Cavmont Bank Limited. Cavmont Bank was established in 2004 through the merger of Cavmont Merchant Bank Limited and New Capital Bank Plc. The financial institution offers products and services for retail, commercial and corporate banking; including treasury and credit products. In addition to general transaction accounts, clients of Cavmont Bank are offered solutions for long-term savings and investments, time and repo deposits, foreign exchange trading, personal and business loans, overdraft and salary advance accounts, residential and building loans, invoice discounting facilities, guarantee bonds, and short- and medium-term finance options. Cavmont Bank has 19 branches operating in the major towns and cities of Zambia. Cavmont Capital Holdings Zambia Plc. is listed on the Lusaka Stock Exchangelast_img read more

Is this the best bank to buy in the FTSE 100 crash?

first_img Alan Oscroft | Wednesday, 29th April, 2020 | More on: STAN Is this the best bank to buy in the FTSE 100 crash? Simply click below to discover how you can take advantage of this. The banking sector has taken a hammering during the Covid-19 lockdown, and buying a depressed bank now might be a good move. Most eyes are on the UK’s retail banks, and they’ve been hit very hard.Lloyds Banking Group shares, for example, have fallen 40% since the FTSE 100 crash kicked in. Barclays has set aside £2.1bn to cover bad debts and says the figure could rise to £4.5bn. Despite that, Barclays shares are picking up, even though they’re also down around the same 40% overall in the crisis.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…If you invested in a challenger bank, you could be hurting even more, as their balance sheet resilience is under pressure. Virgin Money shares are down 55%. And Metro Bank, which has been suffering for some time, has endured a similar fall.The best bank?Compared to those, a 35% share price fall looks positively buoyant for a bank. And the Standard Chartered (LSE: STAN) share price has done just that over the Covid timescale.Standard Chartered targets emerging markets, offering banking and financial services focused on Asia, Africa and the Middle East. In that, it’s similar to HSBC Holdings, which is also largely immune to the UK’s domestic problems. But it can’t escape the global pandemic.Standard released first-quarter figures Wednesday. It’s for the period ended 31 March, so there’s a further month of coronavirus damage not included. But, still, a 13% rise in operating income (15% at constant currency) seems encouraging.Covid hitCovid-19 hit the bank’s profits though. Standard recorded a pre-tax profit of $1.2bn, down 12% from the same quarter a year ago. But that’s a lot better than analysts had expected, with a consensus estimate of around $830m.And if you think of a bank as a cold-hearted money-grubber, chief executive Bill Winters suggests otherwise. He said: “We have launched a $50 million global fund with donations from colleagues and the bank to provide assistance to those affected by Covid-19 and related economic impacts and have committed up to $1 billion of financing, offered at cost, for companies that are providing goods and services to help in the fight against the pandemic.“The biggest damage comes from bad debts, and that’s really not surprising in the light of the global virus lockdowns. Credit impairments are put at $956m. That’s a big leap, but only because a year ago the bank boasted a very low figure of $78m. And it’s significantly below Barclays, for example.NMC HealthAnd the bad debt figure isn’t all down to the pandemic. No, Standard Chartered was exposed to the collapse of NMC Health. NMC Health had $4bn in undisclosed debt, in a FTSE 100 accounting scandal we surely won’t have heard the last of.Where does that put Standard Chartered as an investment? On a list of attractive buying opportunities, I’d say. And the markets seem to agree, as the shares picked up around 3% on Wednesday morning. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Alan Oscroft I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Alan Oscroft owns shares of Lloyds Banking Group. The Motley Fool UK owns shares of and has recommended NMC Health. The Motley Fool UK has recommended Barclays, HSBC Holdings, Lloyds Banking Group, and Standard Chartered. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shareslast_img read more

Episcopal Relief & Development highlights partners in Haiti

first_img Posted Jan 10, 2013 Rector Tampa, FL Assistant/Associate Rector Morristown, NJ Submit a Press Release Curate (Associate & Priest-in-Charge) Traverse City, MI Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Cathedral Dean Boise, ID Rector/Priest in Charge (PT) Lisbon, ME Assistant/Associate Priest Scottsdale, AZ Rector Washington, DC Associate Rector for Family Ministries Anchorage, AK Featured Events Course Director Jerusalem, Israel Rector and Chaplain Eugene, OR [Episcopal Relief & Development] This month’s Power of Partnerships takes a look at an innovative “green” project currently being piloted at three Episcopal schools in Haiti.Built and managed in partnership with local community leaders, this program combines renewable energy production with advancements in water, sanitation, hygiene, agriculture and reforestation practices. Each school has installed a rainwater catchment system to supply water for new hand-washing stations and flush toilets, and a bio-digester that produces methane gas for cooking and liquid fertilizer for growing crops and trees.  In addition, students are engaged in health and hygiene education that they can share with their families, reducing illness and promoting wellbeing.Please note that the Power of Partnerships and Friends of Episcopal Relief & Development web features are now on an alternating schedule.  The next Friends of Episcopal Relief & Development will be published in February.The Power of Partnerships and Friends of Episcopal Relief & Development web features present stories about the agency’s partners in the US and worldwide.Visit www.er-d.org to read past installments, find information about our programs or make a contribution. You can also call 1.855.312.HEAL (4325). Gifts can be mailed to Episcopal Relief & Development, PO Box 7058, Merrifield, VA 22116-7058.Episcopal Relief & Development is the international relief and development agency of the Episcopal Church and an independent 501(c)(3) organization. The agency takes its mandate from Jesus’ words found in Matthew 25. Its programs work towards achieving the Millennium Development Goals. Episcopal Relief & Development works closely with the worldwide Church and ecumenical partners to help rebuild after disasters and to empower local communities to find lasting solutions that fight poverty, hunger and disease, including HIV/AIDS and malaria. Priest-in-Charge Lebanon, OH Featured Jobs & Calls Haiti Episcopal Relief & Development highlights partners in Haiti Marylin Day says: Director of Music Morristown, NJ Rector Collierville, TN Submit an Event Listing Rector Martinsville, VA Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Hopkinsville, KY Canon for Family Ministry Jackson, MS Rector Bath, NC Associate Rector Columbus, GA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector (FT or PT) Indian River, MI Submit a Job Listing This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Director of Administration & Finance Atlanta, GA Tags Rector Pittsburgh, PA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Bishop Diocesan Springfield, IL Priest Associate or Director of Adult Ministries Greenville, SC Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Albany, NY Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Episcopal Relief & Development, An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Belleville, IL Curate Diocese of Nebraska Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Comments are closed. New Berrigan Book With Episcopal Roots Cascade Books In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Assistant/Associate Rector Washington, DC Missioner for Disaster Resilience Sacramento, CA The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Youth Minister Lorton, VA Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 January 11, 2013 at 4:22 pm Thanks ERD – you are a great organization! Associate Priest for Pastoral Care New York, NY Rector Shreveport, LA Rector Knoxville, TN Comments (1) Press Release Service Rector Smithfield, NC Family Ministry Coordinator Baton Rouge, LA last_img read more

M24 House / OLARQ Osvaldo Luppi Architects

first_img Year:  Manufacturers: Technal, Hydro Deck, Labor Legno Collaborator Architects:Marc Cifre, Joan Pol, Pedro Dachs, Agustí Cortés, Maite FernándezBuilding Engineers:Jesús Villanueva, Ignacio MarínCity:Alcudia, Mallorca, Islas BalearesCountry:SpainMore SpecsLess SpecsSave this picture!© Mauricio FuertesRecommended ProductsPorcelain StonewareCosentinoSurfaces – Dekton® Chromica CollectionWoodLunawoodThermowood FacadesDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaDoorspanoramah!®ah! PivotText description provided by the architects. The house is set in a plot with a long-wide ratio of 6 to 1, which emerges from rocks bathed by the sea. This two-story house plus basement has been built in an area of consolidated constructions The extreme proportion of the site together with the fact that the views are towards the north, have been the main conditions of the project. A 47 meters long dry stone wall is the backbone of the house. M24 House / OLARQ Osvaldo Luppi Architects CopyAbout this officeOLARQ Osvaldo Luppi ArchitectsOfficeFollowProductsWoodStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMallorcaAlcúdiaIslas BalearesAlcudia, Mallorca, Islas BalearesSpainPublished on March 10, 2018Cite: “M24 House / OLARQ Osvaldo Luppi Architects” 10 Mar 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldVertically Folding Operable Walls – Zenith® SeriesVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StoneShowerhansgroheShowers – Croma SelectDoorsRaynorGarage Door – Advantage SeriesConcreteSika3D Concrete PrintingSignage / Display SystemsGoppionDisplay Case – Bre-ClassSkylightsVELUX CommercialModular Skylights in Atelier Zimmerlistrasse OfficeWindowsswissFineLineSliding Windows in Villa LakesideSuspension SystemsMetawellAluminum Panels for Smart CeilingsGlassDip-TechDigital Ceramic Printing in Roofs & CanopiesSound BoothsFrameryMeeting Pod – Framery Q – Flip n’ FoldWall / Ceiling LightsAsaf WeinbroomLighting – Linestra 110 BrassMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream 2017 ArchDaily “COPY” M24 House / OLARQ Osvaldo Luppi ArchitectsSave this projectSaveM24 House / OLARQ Osvaldo Luppi ArchitectsSave this picture!© Mauricio Fuertes+ 16Curated by Danae Santibañez Share Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/890292/m24-house-olarq-osvaldo-luppi-architects Clipboard Osvaldo Luppi Architects: OLARQ Osvaldo Luppi Architects Area Area of this architecture project Houses Photographs:  Mauricio Fuertes Manufacturers Brands with products used in this architecture project Save this picture!© Mauricio FuertesSave this picture!Ground Floor Plan and SectionSave this picture!© Mauricio FuertesThis wall, together with the main house and a service shed, make up an open patio where the pool and the covered and uncovered terraces are located. On the ground floor, the presence of the stone wall is dominant and connects the sea with the pool. The living room and the dining room, together with the kitchen, form a continuous space that expands both North and South.Save this picture!© Mauricio FuertesOn the first floor, two patios were created, generating three volumes where the rooms are distributed. Through these interior patios, inhabitants get privacy, sun protection and enjoy the sea views. On the east side, the voids generated by these patios alternate with the voids generated by the covered terraces on the ground floor, to create a rhythm that defines the volumetric proposal of the house.Save this picture!© Mauricio FuertesSave this picture!SectionsSave this picture!© Mauricio FuertesProject gallerySee allShow less99% Invisible Investigates the Utopian and Dystopian Histories of the BijlmermeerArchitecture NewsSou Fujimoto and Coldefy & Associés Propose a Sweeping Canopy for French Court HouseArchitecture News Share CopyHouses•Alcudia, Mallorca, Islas Baleares, Spain ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/890292/m24-house-olarq-osvaldo-luppi-architects Clipboard Area:  450 m² Year Completion year of this architecture project Projects “COPY” Spain Lead Architects: last_img read more

Lake Cottage / artek

first_img Houses 2016 Year:  CopyAbout this officeartekOfficeFollowProductsWoodStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesEl PeñolColombiaPublished on May 23, 2018Cite: “Lake Cottage / artek” [Lake Cottage / artek] 23 May 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Surface: Nordic DécorWindowsAir-LuxSliding Window – CorneringWoodBruagRoom Acoustics – Interior Cladding PanelsSinksBradley Corporation USASinks – Frequency® FL-SeriesMetal PanelsTrimoInternal Walls – Trimoterm, Qbiss OneGlassSolarluxWintergarden – SDL Akzent plusSystems / Prefabricated PanelsInvestwoodCement Bonded Particle Board – VirocPaintKEIMMineral Paint in Hunters Point LibraryCabinetsburgbadMid-Height Cabinet – EssentoSignage / Display SystemsGlasbau HahnMuseum Display CasesMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Save this picture!© Sergio Gomez+ 18Curated by Danae Santibañez Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/894608/lake-cottage-artek Clipboard ArchDaily “COPY” “COPY” CopyHouses•El Peñol, Colombia Architects: artek Area Area of this architecture projectcenter_img Projects Lake Cottage / artek ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/894608/lake-cottage-artek Clipboard Photographs Photographs:  Sergio Gomez, Juan Fernando Valencia Manufacturers Brands with products used in this architecture project Lake Cottage / artekSave this projectSaveLake Cottage / artek Area:  100 m² Year Completion year of this architecture project Manufacturers: Aserrio madepino, Durapanel, Fiberglass, Home center, Playa BlancaConstruction:artek sasArchitect In Charge:Juan Fernando ValenciaCity:El PeñolCountry:ColombiaMore SpecsLess SpecsSave this picture!© Sergio GomezRecommended ProductsWindowspanoramah!®ah!38 – FlexibilityWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40DoorsECLISSESliding Pocket Door – ECLISSE LuceEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsSave this picture!ElevationText description provided by the architects. The spirit of this house seeks to elevate the technical nature of its construction to the essence of the architecture of its time, each compositional element is the result of an amalgam of technical solutions and search for art, addressing the problems of architecture in its condition of Topos, Typos, and Tekton, that is to say to the form defined by the place, the function, and the technique, supplying its universal purpose that is to serve life.”You have to proceed indulgently with nature if you want to get something from it”GoetheSave this picture!© Sergio GomezSave this picture!Upper Floor PlanSave this picture!© Sergio GomezThe plot (topos) corresponds to a slope that faces the Guatape reservoir, an anthropic landscape of fjords, peninsulas, and islands contrasted with tree-lined hillsides. The slope is molded to unfold flat portions from platforms, leaving all the existing trees. The house (Typos) as an oxymoron is a case and a lookout seeks to contain and expand, is a pavilion embedded in the slope, allowing all the noble spaces to extend to the landscape.Save this picture!Longitudinal SectionThe composition of the construction elements (Tekton) are arranged in an ideal order, the stereotomic constraints make up the platforms, the interior walls are emptied monolithic concrete with EPS soul that allow achieving the asymmetric trapezoidal silhouettes in a rhythm of full and empty Hold the cover. This as a cloak protects the house from the “natural antagonist phenomenon”. The wood was compressed releasing the inclined planes of transversal reinforcements, the steep slope leads the water towards gargoyle that evacuates the water to a later channel.Save this picture!© Sergio GomezSave this picture!© Sergio GomezProject gallerySee allShow lessJan Boelen and Deniz Ova, Curators of the 2018 Istanbul Design Biennial, Discuss the…Architecture NewsBBC Investigation Finds Grenfell Tower Insulation “Never Passed Fire Safety Test”Architecture News Share Colombialast_img read more

Deadline for New Media Age Effectiveness Awards approaches

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Deadline for New Media Age Effectiveness Awards approaches Tagged with: Awards Digital AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The deadline for entries to the New Media Age Effectiveness Awards 2004 is 16 January 2004.Launched in 1997, the NMA Effectiveness Awards are some of the most prestigious in the new media calendar. They recognise not only projects that were launched in the judging year (to 16 January 2004) but als projects that have shown substantial improvement and effectiveness during the year. So, if you’ve been particularly successful or innovative in your online fundraising, this is your opportunity to spread the word.The awards include a category for the charity and voluntary sector. Last year’s winner was the Consumers’ Association. The category award recognises work done in interactive media to generate awareness or raise funds for charities. Entries can include Web sites, online advertising or sponsorships, or online campaigns. The category is only open to registered charities. It is sponsored by the Home Office Active Community Unit, which incidentally has a small bursary to assist smaller charities with the cost of entering the awards. Contact Giles Ball for details at [email protected] Advertisementcenter_img One of the judges will be Anne-Marie Huby, Managing Director at JustGiving, which won the NMA Grand Prix award in 2002. Howard Lake | 7 January 2004 | News  22 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Police searching for missing person

first_img Roberto Ramirez The Odessa Police Department is asking for the public’s help in the search of a missing person.Roberto Ramirez, 31, was reported missing around 9:45 a.m. Wednesday. An OPD news release stated he was last seen Tuesday leaving his residence in the 1300 block of North Adams Avenue.Ramirez was wearing a green shirt and blue jeans, the release detailed.Anyone with info regarding the whereabouts of Ramirez is encouraged to call OPD at 432-333-3641 or Odessa Crime Stoppers at 432-333-TIPS. WhatsApp Home Local News Police searching for missing person Twitter OC employee of the year always learning Facebook By admin – May 25, 2018 Twitter ECISD undergoing ‘equity audit’ center_img Local News Police searching for missing person Pinterest Facebook Previous articleMemorial Day exhibit at mallNext articleTeen going to trial on robbery charges admin RELATED ARTICLESMORE FROM AUTHOR Pinterest 2021 SCHOOL HONORS: Permian High School WhatsApp Virgin Coco MojitoSouthern Style Potato SaladSlap Your Mama It’s So Delicious Southern Squash CasserolePowered By 10 Sec Mama’s Deviled Eggs NextStay last_img read more

Maxine Waters: “This Hearing Was Long Overdue”

first_img Maxine Waters: “This Hearing Was Long Overdue” Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Home / Daily Dose / Maxine Waters: “This Hearing Was Long Overdue” Demand Propels Home Prices Upward 2 days ago Subscribe consumers credit Credit Bureaus Equifax Experian Financial Services Committee loans mortgage TransUnion 2019-02-26 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: consumers credit Credit Bureaus Equifax Experian Financial Services Committee loans mortgage TransUnion in Daily Dose, Featured, Government, News Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago On Tuesday, the House Financial Services Committee held a hearing titled “Who’s Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System.” The hearing is especially important in light of the data breach of mortgage information that was reported recently.The hearing which was held in two parts saw the committee discussing the current credit bureau reporting system and how that was impacting consumer credit scores in the first part. The second part of the hearing focused on regulation that could make the credit reporting system more secure and consumer-friendly.”This hearing with the testimonies of the CEOs of the three major credit bureaus is long overdue,” said Rep. Maxine Waters, Chairwoman of the House Financial Services Committee in her opening statement. “Waters pointed out that in 2017, Equifax experienced a data breach of personally identifiable data of approximately 148 million individuals, “around half of all Americans.” She said that in 2015, Experian discovered a breach that affected 15 million consumers “who applied for T Mobile service, and in 2013, all the three credit bureaus being represented at the hearing—Equifax, TransUnion, and Experian—had identified unauthorized access to sensitive data relating to high profile individuals.””These data breaches are deeply troubling because credit bureaus collect reams of information on millions of Americans,” Waters said. “The more information they collect, the more people are at risk when that information is not properly protected. Even worse than credit bureaus’ vacuuming up of consumer data is the lack of control that consumers have over this data.”Additionally, Waters said that they would also discuss two key legislation, one that is intended to “repair the existing system by shifting the burden of removing mistakes from credit reports onto to credit bureaus and another to protect consumers who get affected by a Federal government shutdown from having their credit damaged.”While these are all critical reforms to the existing system, I believe that we need to ask whether the system is so beyond repair that we need to completely rebuild the entire consumer credit reporting sector to truly put consumers first,” she said.Ranking member Rep. Patrick McHenry agreed with Waters in his opening remarks saying that this hearing was a long time in coming and was necessary. “The system is broken,” he said adding that the credit reporting system was “in need of major repair.” He said that the current statute governing credit reporting was written for the pre-internet era. “Our credit bureau system should be well-served by increased competition,” McHenry said.During his testimony in the first panel that looked at fixing the current credit reporting system by holding credit bureaus more accountable, Mark Begor, CEO, Equifax said that his company also shared “that sense of obligation.””I am committed to making improvements to our processes so that consumers have a seamless and positive experience when they are facing some of life’s pivotal moments—such as applying for a mortgage, financing an education or buying a car. Under the Fair Credit Reporting Act (FCRA) and recently enacted S.2155, we are well positioned to meet and exceed consumer needs when they are standing at these critical junctures,” Begor said in his written testimony.”Last year in the U.S. Equifax delivered 2.3 billion consumer credit files–more than six million per day–to lenders,” Begor said. “In 2018, mortgage lenders relied on our insights to help more than 11 million homebuyers secure a home mortgage or home equity loan. During that same period, our information helped more than nine million people finance their education. These examples are just a few of the ways that we, and our industry peers, play a critical role in the U.S. financial ecosystem.”Sharing his views on how TransUnion’s credit reporting system works and how regulation can strengthen it, James M. Peck, President, and CEO, TransUnion said in his written testimony that TransUnion was proud of the innovations that TransUnion continued to bring to the marketplace. “We know that we can continue to improve by working with this Committee, with regulators, and with the broader industry to make our credit reporting stronger, fairer, and more accurate for everyone,” Peck said.”The number one priority of Experian is the safety of consumer data,” said Craig Boundy, CEO, Experian North America in his testimony. “We are equally focused on data accuracy. Our goal is to reach as close to 100 percent accuracy as is possible. We have invested heavily to move closer to achieving that goal.”The second panel which looked at solutions to making the credit reporting system more secure, Lisa Price, President and CEO, National Fair Housing Alliance (NFHA) said that the credit reporting system “must be revamped to merit consumers and creditors equally.” Additionally, she said that discrimination, fraud, abuse, and other harmful acts should be mitigated in consumer credit data and that rental housing payments should be reflected in the credit repository system.Giving her views on the need for reform for today’s consumer credit reporting, Chi Chi Wu, Staff Attorney, National Consumer Law Center said that to give consumers a better credit reporting system regulators should pass an updated version of the Comprehensive Consumer Credit Reporting Act that included stricter matching criteria as well as giving consumers the right of appeal for credit reporting disputes among other amendments.Click here to watch the complete proceedings of this hearing.center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 26, 2019 2,322 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Related Articles Previous: Calabria Nom Clears Senate Committee, What’s Next? Next: HUD Reaffirms Its Commitment to Hurricane Harvey Recovery Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Supreme Court Issues Notice On Petitions Challenging External Affairs Minister S Jaishankar’s Election to Rajya Sabha

first_imgTop StoriesSupreme Court Issues Notice On Petitions Challenging External Affairs Minister S Jaishankar’s Election to Rajya Sabha Press Trust of India18 Nov 2020 5:23 AMShare This – xThe Supreme Court on Wednesday issued notices on a batch of petitions challenging the election of External Affairs Minister S Jaishankar to Rajya Sabha from Gujarat.The pleas have also raised the issue of Election Commission’s power on issuance of separate notifications for holding by-polls for casual and regular vacancies in Rajya Sabha.One of the petitions against Jaishankar has been filed…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Wednesday issued notices on a batch of petitions challenging the election of External Affairs Minister S Jaishankar to Rajya Sabha from Gujarat.The pleas have also raised the issue of Election Commission’s power on issuance of separate notifications for holding by-polls for casual and regular vacancies in Rajya Sabha.One of the petitions against Jaishankar has been filed by Congress leader Gaurav Pandya.A bench comprising Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian took note of the submissions of senior advocate Kapil Sibal that a date be fixed for hearing these matters.”We will give you short date and it will be listed on non miscellaneous day ,” the bench said in a hearing conducted via video conferencing.Senior advocate Harish Salve, appearing for Jaishankar, accepted the notice.Earlier, the top court had said that it would like to give an authoritative pronouncement on the issue of EC’s power on issuance of separate notifications for holding by-polls for regular and casual elections to fill vacancies in Rajya Sabha.The pleas pertained to 2019 Rajya Sabha by-poll on two seats from Gujarat and both seats were won by BJP candidates.Earlier, the apex court had said that there was no authoritative judgement of the Supreme Court as to whether the election to more than one vacancy should be held separately or jointly.The Gujarat High Court, on February 4, had dismissed the plea of Congress leader Gaurav Pandya against Jaishankar’s election to the Rajya Sabha.It had also dismissed two other petitions filed by Congress leaders Chandrikaben Chudasama and Pareshkumar Dhanani against the election of BJP candidate Jugalji Thakore.Chandrikaben Chudasama and Pareshkumar Dhanani have also moved the apex court against High Court order dismissing their election petitions against Thakore.Both Jaishankar and Thakore were elected to Rajya Sabha on July 5 last year in by-polls held on seats vacated by Union ministers Amit Shah and Smriti Irani.Jaishankar and Thakore had defeated Congress candidates Pandya and Chudasama respectively in the bypolls.The Congress leaders had moved the high court, challenging the election on the ground that the Election Commission’s notifications, treating the two vacant seats to be of different categories and requiring by-polls to be held separately, were “illegal and in violation of provisions of the Constitution, the Representation of People (RP) Act, 1951 and the Conduct of Election Rules, 1961”.The high court had dismissed the petitions saying the petitioners failed to disclose the cause of action under the provisions of the RP Act relating to the grounds for declaring an election void.It had also said the petitioners failed to point out any provision of the Constitution or the RP Act requiring the EC to hold a single by-election for filling up all casual vacancies. “The non-compliance of provisions of the Constitution or provisions of the said (RP) Act constituting the cause of action has to be specifically pleaded, and the interpretation of the petitioner of a particular provision of Constitution or of the Act in a particular manner cannot be termed as the noncompliance of such provision for the purpose of challenging the election,” the high court had said.Jaishankar and Thakore had contended before the high court that the EC broke no rules by holding separate elections for two seats and it has been a consistent practice by the poll panel since 2009 to issue separate notifications for holding by-polls for casual vacancies in the Rajya Sabha.Next Storylast_img read more

30 Days Period To Challenge Foreigner Tribunal’s Ex-Parte Declaration As ‘Illegal Immigrant’ To Be Attracted Only When Notice Is Duly Served Notice: SC

first_imgTop Stories30 Days Period To Challenge Foreigner Tribunal’s Ex-Parte Declaration As ‘Illegal Immigrant’ To Be Attracted Only When Notice Is Duly Served Notice: SC Mehal Jain24 March 2021 8:32 PMShare This – x”Paragraph 3A of the Foreigners (Tribunal) Order, 1964, in so far as it contemplates a period of 30 days to apply to the Tribunal to set aside an ex parte order, would be attracted only where the service of notice was duly effected and the proceedee still failed to appear”, clarified the Supreme Court on Wednesday.Paragraph 3A of Foreigners (Tribunal) Order, 1964 specifically empowers…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?Login”Paragraph 3A of the Foreigners (Tribunal) Order, 1964, in so far as it contemplates a period of 30 days to apply to the Tribunal to set aside an ex parte order, would be attracted only where the service of notice was duly effected and the proceedee still failed to appear”, clarified the Supreme Court on Wednesday.Paragraph 3A of Foreigners (Tribunal) Order, 1964 specifically empowers the Tribunal to set aside the ex parte order on an application of the proceedee, if filed within thirty days of the said order, and if sufficient cause for non-appearance is shown.The bench of Justices DY Chandrachud, MR Shah and Sanjiv Khanna was hearing an appeal against a Gauhati High Court decision dismissing the petition of the appellant challenging a March 2018 order of the Foreigners Tribunal by virtue of which he had come to be declared an illegal immigrant.The bench noted that it was alleged by the Superintendent of Police before the Tribunal that the appellant is an illegal migrant from Bangladesh who has entered India without the requisite documents after March 24, 1971. Admittedly, a notice was sought to be served on the appellant by hanging the same outside the last known place of his residence. The bench recorded the appellant’s claim that the said address had been his temporary address prior to shifting to his present permanent place of residence. Consequently, he failed to appear before the FT and the Tribunal declared him a foreigner who had illegally entered into India. The appellant instituted an Article 226 petition before the High Court. The High Court held that the notice had been duly pasted in a conspicuous place outside his last known address, and that the burden to prove his citizenship was to lie on the appellant who, in neglecting to pursue the proceedings, had failed to discharge the burden.The basis of the submissions of Advocate Fuzail Ahmad Ayyubi was that the order of the Tribunal was in breach of the principles of natural justice and that a remand of the matter back to the FT was warranted. The bench noted that though the order of the FT indicates the permanent place of residence of the appellant, the service had come to be effected at the last reported/known place of his residence and the petitioner was deemed to have been duly served as per paragraph 3(5)(f) of the 1964 Order. Further, no effort has been made to effect the service at his permanent place of residence despite awareness about the same.The provision of Paragraph 3(5)(f) specifically provides that if the proceedee has changed the place of residence or place of work, without intimation to the investigating agency, the process server shall affix a copy of the notice on the outer door or some other conspicuous part of the house in which the proceedee ordinarily resides or last resided or reportedly resided or personally worked for gain or carries on business, and, shall return the original to the Foreigners Tribunal from which it was issued.On behalf of the state of Assam, it was advanced that the appellant had failed to avail the opportunity envisaged in Paragraph 3A of the 1964 Order within the stipulated 30 days.”At the outset, it is material to advert to paragraph 1 of the order of the FT which indicates that the tribunal was apprised that while the address of the appellant is shown as (…), at the same time, his permanent residential address at (…) is also indicated. This is further fortified by the statement of the appellant recorded by the Senior Inspector of Police which indicates that the address of the appellant corresponds to the permanent residential address noted in the paragraph 1 of the Tribunal’s order. Besides, the interrogation report before the Inspector of Police also refers to the same address of the appellant in India. Evidently, there was no effort made to serve the appellant at his permanent address”, recorded the bench.”Paragraph 3(5)(f) deals with the situation where a proceedee changed his residence or his place of work without intimation to the investigating agency. In the facts of the case, the said provision is not attracted as the investigating officer knew of his permanent address. We are not impressed with the submission that the appellant has not availed of Paragraph 3A. Paragraph 3A contemplates a period of 30 days within which application may be made to the tribunal for setting aside an ex parte order passed on account of non-appearance. The provision has no application here as the service of the notice itself was not properly effected. 3A would apply where the service was duly effected and the person still failed to appear”, stated the bench.The bench allowed the appeal, setting aside the order passed by the Gauhati High Court on the writ petition and in review and the order of the FT. The bench also remanded the matter back to the FT for fresh consideration.”Please appreciate the sensitivity of the matter. People are coming in illegally from Bangladesh. These matters need to be disposed off in a time bound manner so that there are no dilatory tactics”, ASG RS Suri, for the Union of India, had submitted at the outset.”The difficulty in these matters is that most of the orders are ex parte as nobody appears”, Justice Khanna had said at the outset. On behalf of the appellant, it was urged that he is a labourer and that both his and family members’ names have been included in the NRC. “That is not relevant. The state is saying that the documents of parentage/lineage are forged? An appeal lies before the FT and the Tribunal’s decision will be final”, said Justice Khanna.For the state of Assam, it was advanced that in foreigners’ matters, it is “always seen” that as soon as proceedings are initiated against the “impostors”, they “flee their place of residence and change their address”. “There is no requirement to serve at the permanent address but wherever they were last known to have resided”, it was submitted.”What if one has genuinely changed their address? This is a very serious matter! Opportunity has to be given to them to present their case! And when you were aware of the permanent address, what prevented you from serving the notice there? “, asked Justice Shah.”Yes, the opportunity must be given. Whether one is a bona fide Indian or not is to be decided by the FT after this opportunity is given”, concurred Justice Chandrachud.As the counsel for the state stressed that in the instant case, recourse was not taken to Paragraph 3A of the 1964 order, Justice Chandrachud noted that if the proceedee is not aware of the order, they cannot be expected to file an application within 30 days for setting aside the same. “That provision is applicable where they were duly served and still did not appear. Here, they were not served at all “, agreed Justice Shah.’This is not a 302 case!’- The Court sets the appellant at libertyOn May 10, 2019, insofar as the release of detenues who have served long period of detention in the detention centres awaiting their deportation is concerned, the Supreme Court had directed that detenues who have completed more than three years may be released, subject to certain conditions.In April last year, a bench led by CJ S. A. Bobde had noted that “the said order dated 10.05.2019 was passed when there was no danger of any pandemic like the present one”. Having regard to the present circumstances prevailing in the country and having regard to the fact that the court has already permitted the release of prisoners and people under detention in general, and such detenues who have completed three years upon their declaration as foreigners, the court had been of the view that there is no reason why the period should not be reduced from three years to two years, that is to say, the prisoners or detenues who have been under detention for two years shall be entitled to be released on the same terms and conditions as those laid down in the aforesaid order dated 10.05.2019.On Wednesday, the counsel for the state further argued that the appellant has not even been in the detention centre for two years, even though the court has observed that a detenue must complete atleast 2 years to qualify for release.”What do you mean ‘at least two years detention’ has to be there? This is not a 302 case! This is not a case where somebody was convicted by the Sessions Court and by the High Court and while the appeal is pending, no bail may be given because it is a 302 case…”, commented Justice Chandrachud.”This is not a case of chargesheet and then bail”, agreed Justice Khanna. Noting that the appellant has been in custody since May 15, 2019, the bench set him at liberty. However, the bench intimated to the appellant that it is he who will have to prove his parentage/lineage as the same is to be in his knowledge and the state’s knowledge in this regard is impossible.Case: Md Misher Ali @ Meser Ali vs. Union of India [CA 1058-1059 of 2021]Coram: Justices DY Chandrachud, MR Shah and Sanjiv KhannaCitation: LL 2021 SC 192Click here to Read/Download JudgmentRead JudgmentSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more