Firearms legislation must change to support Garda vetting

first_imgFacebook Print Advertisement Previous articleGeordie Shore sets Limerick pulses racingNext articleShorts Showcase at Richard Harris International Film Festival Staff Reporterhttp://www.limerickpost.ie Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up FIREARMS legislation must change if civilian versions of military type weapons are to be outlawed, a judge has said.Limerick District Court Judge Eugene O’Kelly made his comments at an appeal hearing for two Limerick men challenging the decision of the Divisional Chief Superintendent to refuse them both gun licences for civilian sports versions of semi automatic assault rifles.Having originally held a licence for a Heckler and Koch .223 semi automatic rifle in 2007, the Limerick man sought renewal for his weapon over the following five years but failed to get his application granted.The second County Limerick man before the court had sought a first time application for a similar grade weapon and this had been refused by Limerick’s most senior garda.Five grounds for the refusal were outlined by Chief Superintendent Dave Sheahan in his evidence where he specified that it was garda contention that the weapon in question was a German manufactured military style weapon; it was an assault rifle; there was no requirement for a gun of this calibre by the applicant; the magazine could hold ten rounds and finally there was a public safety concern to the proliferation of such a firearm.The court was told however, that both men came before the court with impeccable characters, had Irish military level experience with firearms and had made extensive provisions at their homes for the safe keep of the weapons. Details of how the weapons would be transported to the firing range were also outlined.The court heard that the men had separately installed gun safe cabinets at their homes with one having installed a former double door bank vault to be used as gun storage unit.Both of the applicants were involved in competition shooting with one having shot abroad with his rifle in the past.Expert witnesses were called for both sides in arguing the points before the court including two detective inspectors from the ballistics division of garda headquarters in the Phoenix Park who gave evidence on behalf of the State.An independent firearms expert, understood to be one of the leading figures in the field, gave evidence on behalf of the two appellants outlining that the rifles were not military grade and had been considerably modified to civilian sports versions.In his judgement to allow the appeals of both men seeking licences for the high-powered guns, Judge O’Kelly said that the issue was the “legislation and not the men. It is the legislation that does not give much assistance. It has not got to the kernel of the issue.”Judge O’Kelly said that Chief Superintendent made “a bona fide refusal of the firearms application based on the information he had.“However, it is the responsibility of the legislator if the law is to either outlaw or allow civilian versions of military style weapons”, he concluded.Both applicants were granted their gun licences but the court was told that neither were entitled to their legal costs for counsel representation. WhatsAppcenter_img Linkedin Twitter NewsBreaking newsFirearms legislation must change to support Garda vettingBy Staff Reporter – December 5, 2013 746 Emaillast_img read more

Dodd-Frank Suffers a Setback With MetLife Decision

Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Financial Stability Oversight Council MetLife Too Big to Fail 2016-03-30 Brian Honea Previous: Servicers Must Adapt in Order to Survive Next: Banks’ Share of the Servicing Universe is Shrinking Servicers Navigate the Post-Pandemic World 2 days ago A federal judge has issued an order to remove the designation of nonbank systemically important financial institution (SIFI) from MetLife Insurance which was imposed by the federal government more than a year ago.U.S. District Judge Rosemary M. Collyer in the U.S. District Court for the District of Columbia issued the order to remove the nonbank SIFI tag from MetLife. The global insurance provider was originally designated as a nonbank SIFI by the Financial Stability Oversight Council (FSOC) in December 2014 under the authority granted to the council by Dodd-Frank.The court’s removal of the SIFI tag from MetLife is a victory for opponents of the Dodd-Frank Act who claim that the controversial Wall Street reform legislation enables “Too Big to Fail.” The FSOC, like the Consumer Financial Protection Bureau, was created out of the Dodd-Frank Act. While supporters of Dodd-Frank claim that the legislation put an end to the taxpayer-funded bailouts for institutions deemed “Too Big to Fail,” its opponents claim that the law actually codifies “Too Big to Fail” by giving the FSOC the authority to designate certain institutions as “systemically important.”According to reports, other nonbanks to receive the SIFI designation were American International Group (AIG), Prudential Financial, and General Electric. MetLife was the first institution to challenge the SIFI designation.“Of all of the Council’s activities, none generates more controversy than its designation of non-bank financial institutions as ‘systemically important financial institutions,’ or SIFIs. Designation anoints institutions as Too Big to Fail, meaning today’s SIFI designations are tomorrow’s taxpayer-funded bailouts,” said Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, during a hearing in December.MetLife has fought to have the SIFI designation removed since it was named such. The company sued the FSOC in the U.S. District Court for the District of Columbia in January 2015 to have the designation removed because as a nonbank SIFI, MetLife was subject to heightened regulation which the company said increases compliance costs, which in turn increases costs to consumers without any added safety benefit for the financial system. The company even set up a portion of its website devoted to providing a “central point for information related to the judicial review of FSOC’s designation.”In mid-May, the U.S. Department of Justice made a non-public motion to have MetLife’s suit against the FSOC dismissed. MetLife filed a motion for summary judgment with the U.S. District Court in the District of Columbia on June 16. Later in June, the National Association of Insurance Commissioners (NAIC), the American Council of Life Insurers (ACLI), the Academic Experts in Financial Regulation (AEFR), and the U.S. Chamber of Commerce all filed briefs backing MetLife’s attempt to have the SIFI tag removed. Related Articles Home / Daily Dose / Dodd-Frank Suffers a Setback With MetLife Decision Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago March 30, 2016 1,919 Views Dodd-Frank Suffers a Setback With MetLife Decision Demand Propels Home Prices Upward 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Financial Stability Oversight Council MetLife Too Big to Fail The Best Markets For Residential Property Investors 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago read more

Rubin Lublin Announces New Partner

first_imgSign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Previous: The Week Ahead: Pending Home Sales Forecast Future Trends Next: For 2018 Forecast, Freddie Mac Looks to the Past in Featured, News February 26, 2018 1,840 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago HOUSING mortgage 2018-02-26 Nicole Casperson Subscribe The Best Markets For Residential Property Investors 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Rubin Lublin Announces New Partner Tagged with: HOUSING mortgagecenter_img Servicers Navigate the Post-Pandemic World 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Rubin Lublin, LLC (RL) recently announced that Bret J. Chaness has been elected as a Partner at the firm. Chaness concentrates his practice in the areas of real estate, mortgage default, and bankruptcy litigation.RL is a full-service mortgage default law firm delivering professional results and personalized service to its clients in the states of Georgia, Tennessee, Mississippi, and Alabama. Chaness is based in the firm’s Peachtree Corners, Georgia office.Chaness represents clients in a wide variety of complex civil litigation and bankruptcy matters involving contract disputes, real estate and quiet title actions, and lien priority actions.Chaness has been clerking at the firm since his second year of law school and, while a law student, he won the Exemplary Real Property Law Student Award from the State Bar of Georgia and was a member of the Emory Moot Court Society, competing in the Jessup International Law Moot Court Competition. Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Nicole Casperson Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Home / Featured / Rubin Lublin Announces New Partnerlast_img read more

CFPB Issues CARES Act Forbearance Guidance

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Consumer Financial Protection Bureau (CFPB) and the Conference State Bank Supervisors issued joint guidance to mortgage servicers clarifying the forbearance provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act.Section 4022 of the CARES Act permits a borrower with a federally backed mortgage loan who is experiencing a financial hardship due to COVID–19 to request forbearance from his or her lender. Upon receiving the borrower’s attestation regarding his or her financial hardship, lenders and servicers are required to grant forbearance for up to 180 days regardless of delinquency status. The joint guidance seeks to clarify observed or anticipated actions by mortgage servicers concerning this provision.The statutory language allows for a forbearance period of “up to” 180 days. Servicers can grant forbearance for less than 180 days at a borrower’s request or with a borrower’s consent. If a borrower and servicer cannot agree on an appropriate forbearance term or servicer cannot reach the borrower due to the circumstances, servicers must default to the term requested by the borrower or 180 days.Borrowers do not need to prove financial hardship to qualify for forbearance. The exclusive requirement for forbearance under the CARES Act is the borrower’s attestation of hardship. Accordingly, servicers may not require information supporting the need for forbearance, but they may work with borrowers to better understand their financial situation as long as borrowers are not misled or dissuaded from seeking forbearance and any information obtained does not affect the servicer’s forbearance.Additionally, servicers and originators cannot refuse to provide forbearance if requested in accordance with the CARES Act Examiners will evaluate communications between borrowers and their servicers or originators to see if servicers attempted to steer borrowers away from requesting CARES Act forbearance.Examiners will review mandatory closing attestation to see if originators are requiring statements from borrowers designed to dissuade them from later requesting CARES Act forbearance. About Author: Seth Welborn Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Market Studies, News Previous: Fed: No Change in Interest Rates Until Economy Recovers Next: Addressing the Widening Housing Gap Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB Issues CARES Act Forbearance Guidance June 10, 2020 1,966 Views center_img Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Sign up for DS News Daily Home / Daily Dose / CFPB Issues CARES Act Forbearance Guidance Tagged with: Forbearance mortgage Data Provider Black Knight to Acquire Top of Mind 2 days ago Forbearance mortgage 2020-06-10 Seth Welborn Subscribelast_img read more