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Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.
- April 26, 2017On Wednesday, April 26, 2017, the FDIC held its first “Economic Inclusion Summit” focusing on strategies to bring consumers into the financial mainstream. FDIC Chairman Martin J. Gruenberg opened the event by speaking on the benefits of economic inclusion, how banking engagement is measured, the opportunities various institutions have to enhance economic inclusion, as well as an update on other...April 25, 2017TITLE I – ENDING “TOO BIG TO FAIL” AND BANK BAILOUTS Subtitle A – Repeals orderly liquidation authority found in Title II of the Dodd-Frank Act. (sec. 111) Subtitle B – Financial Institution Bankruptcy Creates an enhanced bankruptcy structure for bank holding companies and other holding companies that have $50B or more in consolidated assets and derive most of their revenue from financial...April 21, 2017On Friday, April 21, 2017, the White House issued an Executive Order directing the Secretary of the Treasury to review all tax regulations issued in 2016 to determine if the regulations have an impact or impose an undue financial burdens on the American taxpayers, add undue complexity, or exceed statutory authority. The Treasury Secretary will then issue a report citing any regulations and...April 21, 2017On Friday, April 21, 2017, President Trump issued a memorandum for the Secretary of the Treasury to review the Orderly Liquidation Authority (OLA) and then report its findings to the President within 180 days. The review must consider the following: the adverse impact of failing financial companies on the financial stability of the US, whether the OLA is consistent with the rules of Executive...April 21, 2017On Friday, April 21, 2017, President Trump issued a memorandum directing the Secretary of the Treasury to conduct a review of the Financial Stability Oversight Council (FSOC), specifically the determination and designation processes, and provide a written report to the President within 180 days of the date of the memorandum. The Treasury Secretary will review the following: whether the...April 19, 2017Many industries, such as financial services, are looking to develop ways to leverage mobile capabilities. The goal is to use mobile to attract new customers, but also to engage and cement relationships with current customers. The challenge lies in the execution. To be effective, you’ll need to determine how to develop innovative ways to leverage the technology and your data and turn that into an...April 19, 2017On Wednesday, April 19, 2017, House Financial Services Committee Chairman Jeb Hensarling (R-TX) released a discussion draft of the Financial CHOICE Act 2.0 . “Republicans are eager to work with the President to end and replace the Dodd-Frank mistake with the Financial CHOICE Act because it holds Wall Street and Washington accountable, ends taxpayer-funded bank bailouts, and unleashes America’s...April 18, 2017It's the topic the banking industry can't avoid, even when people prefer not to mention it by name: Wells Fargo. Banking executives and consultants who normally focus on checking accounts and credit cards spent a recent conference talking about "cross-selling" and "incentive compensation." Those are code words for Wells Fargo, and the up to 2 million accounts that its employees opened without...April 14, 2017Richard Davis’ CBA LIVE Farewell: One for the Record Among the many great moments from CBA LIVE, one stood out the most. U.S. Bank Chairman and CEO Richard Davis – in what was one of his last public appearances before retirement – looked to the audience during his closing remarks and said, “How perfect is it that I am closing out here with CBA. My whole life has been consumer banking. I am...April 14, 2017April 14, 2017 The Honorable Thomas J. Curry Comptroller of the Currency Office of the Comptroller of the Currency 400 7th Street, SW Washington, D.C. 20219 RE: Comptroller’s Licensing Manual, Draft Supplement, Evaluating Charter Applications from Financial Technology Companies Dear Comptroller Curry: The Consumer Bankers Association (“CBA”)1 appreciates the opportunity to comment on the Draft...