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Berger again debunks banking trade’s claims

first_imgNAFCU President and CEO Dan Berger, debunking a recent attack letter from the Independent Community Bankers of America on credit unions’ tax exemption, told Senate Finance and House Ways and Means Committee leaders Thursday that ICBA’s resources would be better spent pushing for financial institution regulatory relief.The resources spent complaining about credit unions’ tax exemption would be better used fighting for regulatory relief, encouraging community banks to pay back their outstanding TARP bailout money and working toward a data security standard for retailers and merchants, Berger wrote to Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Ranking Member Ron Wyden, D-Ore., and House Ways and Means Committee Chairman Paul Ryan, R-Wis., and Ranking Member Sander Levin, D-Mich.Berger also countered the banking trade’s claim that the credit union tax exemption comes at a significant cost to taxpayers. An independent study commissioned by NAFCU in 2014 showed that credit unions add $17 billion to the economy per year and that eliminating their tax exemption would result in the loss of 150,000 jobs per year, Berger wrote.ICBA sent a letter to the above-noted committee leaders Thursday asking them to review the tax subsidies given to credit unions and the Farm Credit System. The American Bankers Association targeted the credit union exemption in misleading attack ads in March, and Berger sent a similar response to House and Senate leaders. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

GVC donates football sponsorships to Gamble Aware

first_img GambleAware: Engage those with lived experience of gambling harms August 28, 2020 Submit GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 YGAM focuses on BAME community engagement with CVR link-up August 21, 2020 StumbleUpon Share Share Related Articles Ahead of the upcoming football season, GVC Holdings has confirmed that it will be donating a number its current sponsorship deals to GambleAware’s ‘Bet Regret’ campaign.GVC has confirmed that a total of 42 clubs will be donating their sponsorship assets to GambleAware, including: Sunderland, West Bromwich Albion, Burnley, Sheffield Wednesday and Sheffield United.The move comes a bid to limit the exposure of gambling brands in football while also trying to encourage fans to moderate betting behaviour. Patrick Kerr, Director of Safer Gambling at GVC Holdings, commented: “Whilst we want football fans to be able to enjoy a bet, we recognise the importance of doing this in a safe, responsible way. “Handing over this valuable inventory to GambleAware is a demonstration that we are committed to helping our customers bet in a safe and responsible way, and we look forward to continuing to promote the Bet Regret campaign in the future to help increase awareness about safer gambling.”With the Scottish Professional Football League due to commence this weekend, the Ladbrokes branding – usually shown across interview backdrops, static and LED boards – will now be replaced with the Bet Regret campaign logo.Marc Etches, Chief Executive Officer for GambleAware, added: “We are delighted that GVC Holdings has made this move to support the Bet Regret campaign. With the number of opportunities to bet and exposure to messages associated with gambling being so prevalent in football, it’s incredibly important that football fans think twice about betting when drunk, bored or chasing losses.”last_img read more