DOL’s final OT rule ‘disappointing,’ says CUNA

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Department of Labor (DOL) will publish its final rule Wednesday regarding employees’ eligibility for overtime pay–a rule which CUNA believes will have unintended negative consequences for credit unions, particularly smaller credit unions and those in non-metropolitan areas.The DOL’s proposal would increase the threshold to be eligible for overtime pay by more than twice the current rate, moving the cut-off up to $47,476 from the current $23,660.“We are obviously disappointed but not surprised by the final overtime rule,” said Ryan Donovan, CUNA chief advocacy officer. “America’s credit unions work every day to improve the financial livelihood of their members–more than 105 million strong. Nevertheless, the finalized changes add to the regulatory burden that credit unions face and will impair their ability to provide affordable financial services to millions of Americans.”CUNA is concerned that credit unions could be forced to limit services as a result of changed employment situations or the inability to hire full-time employees. CUNA sent a letter last week to the Senate Committee on Small Business and Entrepreneurship in advance of its hearing, and it has supported the Protecting Workplace Advancement and Opportunity Act (S. 2707/H.R. 4773), which would require the DOL to more fully assess the impact of this rule, especially on smaller entities. continue reading »last_img read more

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Twists in Napoli’s Chase of Osimhen

first_imgThe 21 years old Lille forward has been pursued by Gennaro Gattuso’s Napoli for months now.Osimhen met boss Gattuso and was even invited to club President Aurelio De Laurentiis’ home on the island of Capri.On leaving, the striker asked for a few days to think about his next move.But after weeks of being charmed by Napoli, Osimhen is on the verge of knocking them back in order to try to force a move to the Premier League.Napoli had agreed to a £46million fee to sign Osimhen.The Serie A giants, who’ve endured a horror season by their high standards, were also said to have offered him a monster salary.Osimhen has quickly emerged as one of Europe’s top prospects.The eight-cap Nigeria international has scored 18 goals in just 38 games for Lille this season while laying on six assists.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram *Lille star eyeing move to either Man Utd or ArsenalThere appears to be a twist in Napoli’s quests to sign Nigeria and Lille scoring sensation Victor Osimhen as reports have emerged in Italy that the youngster has his eyes elsewhere.According to Football Italia, Osimhen is set to reject Napoli’s mega offer in preference of a move to either Manchester United or Arsenal.last_img read more

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