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ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Henry MeierThe most important proposal of the year has nothing to do with Risk-Based Capital or Field of Membership. It has nothing to do with overdraft fees or payday loans. In fact, it hasn’t even been released yet for comment. Nevertheless, your fearless blogger is going to go out on a limb and tell you that the most important regulatory proposal you will be confronted with this year is one that is expected to be issued by the Department of Labor this summer.What I am referring to is the release of regulations redefining what constitutes an exempt or non-exempt employee under the federal Fair Labor Standards Act (FLSA). At the very least the regulations could impact the operation of your credit union; in a worst case scenario it will be another one of those unfunded government mandates.Under the FLSA, employees are entitled to a minimum wage and to at least time and one-half overtime pay for every hour they work over 40 hours per week. As many of you are aware, however, so-called exempt employees are not entitled to overtime. As a gross over-simplification, an exempt employee is generally defined as someone whose duties involve supervising or exercising independent judgment. continue reading » read more
Real Madrid’s Isco hugs coach Zinedine Zidane, right, after winning the Champions League Final soccer match between Real Madrid and Liverpool at the Olimpiyskiy Stadium in Kiev, Ukraine, Saturday, May 26, 2018. (AP Photo/Pavel Golovkin)MADRID — Coach Zinedine Zidane says he is quitting Real Madrid after two and a half seasons with the Spanish club.The surprise announcement comes less than a week after Zidane led Madrid to its third straight Champions League title.ADVERTISEMENT Volcano watch: Island fissures steaming, lake water receding Sports Related Videospowered by AdSparcRead Next Dave Chappelle donates P1 million to Taal relief operations MOST READ Jury of 7 men, 5 women selected for Weinstein rape trial In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Winfrey details her decision to withdraw from Simmons film Don’t miss out on the latest news and information. Familiarity breeds respect for NBA Finals foes View comments China population now over 1.4 billion as birthrate falls LATEST STORIES Steam emission over Taal’s main crater ‘steady’ for past 24 hours Nadine Lustre’s phone stolen in Brazil Zidane said Thursday he felt it was the right moment — for him and for the club — to make a change.Zidane won nine titles as Madrid’s coach, including the three Champions Leagues, one Spanish League, one Spanish Super Cup, two UEFA Super Cups and two Club World Cups.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownThe 45-year-old Zidane was hired in January 2016 for what was his first major head-coaching job. The former star player arrived surrounded by doubts because of his lack of coaching experience but quickly surpassed expectations. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew read more