San Gabriel Valley Economic Partnership Board of Directors Approves Jeff Allred as New President and CEO

first_img More Cool Stuff Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Herbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyThis Is What Happens To Your Face After DermaplaningHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyWhat To Do When You’re Not Able To Choose Between Two GuysHerbeautyHerbeautyHerbeautyA 74 Year Old Fitness Enthusiast Defies All Concept Of AgeHerbeautyHerbeauty First Heatwave Expected Next Week Community News Your email address will not be published. Required fields are marked * 9 recommended0 commentsShareShareTweetSharePin it Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Subscribe Company News Briefs San Gabriel Valley Economic Partnership Board of Directors Approves Jeff Allred as New President and CEO From STAFF REPORTS Published on Wednesday, February 10, 2016 | 12:55 pm EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDScenter_img Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Wednesday morning the San Gabriel Valley Economic Partnership Board of Directors approved Jeff Allred, current City Manager of Rosemead, as the next President and CEO of the Partnership.Allred, a 50-year resident of the San Gabriel Valley, has served in various capacities of city management in the cities of Rosemead, La Verne, El Monte, West Covina and Pomona and has extensive economic development experience.“Jeff has an impressive track record of success in strategic planning for economic development,” said David Reyno, Director of Government Relations for Foothill Transit and Chair of the San Gabriel Valley Economic Partnership Board. “We look forward to how Jeff will position the Partnership to lead and support the growth of the San Gabriel Valley economy.”Economic development has been a key priority during Allred’s tenure as city manager of Rosemead, with substantial new businesses opening in the city along with major infrastructure and aesthetic improvements at the city’s entry points. Allred managed an aggressive building program, completing two state-of-the-art aquatic centers and a new civic center downtown plaza.Prior to joining Rosemead, Allred spent five years as the city manager of City of Norco in Riverside County. He has had a long and distinguished career in local government in the San Gabriel Valley, previously serving in key administrative roles with the Tri-City Mental Health Authority and with the cities of La Verne, Downey, El Monte, and West Covina. He has been actively involved with the San Gabriel Valley Council of Governments, serving as President of the San Gabriel Valley City Managers Association in 2013-14 and a member of the Steering Committee.Allred will retire from Rosemead at the end of April 2016 and assume the role of President and CEO of the Partnership in May 2016. He is preceded by Cynthia Kurtz who was President and CEO of the Partnership for seven years before accepting a position as Director of Operations for LA River Revitalization Corporation in January 2016.About the San Gabriel Valley Economic PartnershipThe San Gabriel Valley Economic Partnership is a regional, not-for-profit corporation supported and directed by its members and committed to the continued successful economic development of the San Gabriel Valley. A collaboration of businesses, local government, higher education institutions, and non-profits, the Partnership pursues this commitment by fostering the success of business, engaging in public policy, marketing the San Gabriel Valley and connecting people, companies, and organizations in the San Gabriel Valley. For more information, contact the San Gabriel Valley Economic Partnership at (626) 856-3400 or visit its web site at www.valleyconnect.com. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News Make a comment Business News Name (required)  Mail (required) (not be published)  Website last_img read more

Federal regulators provide temporary relief for credit unions approaching $10 billion

first_imgOn November 20, 2020, the Federal Reserve along with the FDIC and OCC published an interim final rule to mitigate the costs to banks of crossing asset-based regulatory thresholds sooner than expected. Just in time for Thanksgiving, the rule permits banks under $10 billion in total assets as of December 31, 2019 (community banking organizations) to use asset data as of December 31, 2019, in order to determine the applicability of various regulatory asset thresholds during calendar years 2020 and 2021. One of the significant thresholds covered under the rule is the trigger for debit interchange caps, which were instituted by the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Durbin Amendment modified the Electronic Fund Transfer Act (EFTA) to restrict the routing and pricing of electronic debit transactions by card issuers, and the Federal Reserve has implemented these statutory provisions in Regulation II (12 CFR Part 235).From an advocacy standpoint, NAFCU opposes interchange price caps, which have had the effect of depressing credit union fee income while transferring wealth to retailers. One recent study of interchange doubts whether this transfer corresponded with any meaningful benefit to consumers, but does note evidence of higher retailer margins.For most credit unions, the transition to interchange compliance can be managed adequately with planning. But some have grown faster than expected in 2020 and are eager to take advantage of any mechanism to avoid an unexpected hit to their bottom lines. The interim final rule explains that a community banking organization that was below an asset threshold covered by the rule (e.g., the $10 billion threshold applicable to small issuers under § 235.5) as of December 31, 2019, generally will be deemed to remain below that threshold through the end of 2021. The second to last column in the chart below illustrates how this framework effectively delays recognition of asset growth and postpones compliance. The last column illustrates that the relief is temporary and the default asset measurement approach will resume after 2021. This is placeholder text continue reading » This post is currently collecting data…center_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

New deal for Arteta

first_img The Spaniard’s extension fits in with Arsenal’s policy of offering single-season contracts to their older players. “He will stay with us for one more year because he has extended his contract,” manager Arsene Wenger told Arsenal Player. “He’s one of the leaders in the club because he’s the captain of the team. I expect him to contribute much more than last season but he also faces a battle. “With the number of games we have ahead, we could use his experience, his desire and his quality as it will be vital for next season.” Arteta joined Arsenal from Everton in August 2011 for £10million and has gone on to make 136 appearances for them, scoring 16 goals. Press Associationcenter_img Arsenal have announced that captain Mikel Arteta has signed a new one-year deal with the club.last_img read more