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Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.
- August 18, 2017Latest on the CFPB, Director Cordray & Small-Dollar Rumors of a potential Labor Day weekend resignation by CFPB Director Richard Cordray continue to circulate, leaving many speculating the Bureau’s small-dollar rule will be released in the coming weeks. If Richard Cordray does choose to resign his post at the CFPB and President Trump appoints a successor, I wonder if Senate Democrats will...
- August 18, 2017On Monday, August 14, 2017, the Board of Governors of the Federal Reserve System, FDIC, and OCC issued interagency guidance on the regulatory capital treatment of certain centrally cleared derivative contracts in light of recent changes to the rulebooks of certain central counterparties. Highlights included: For a derivative contract structured such that on specified dates any outstanding...August 15, 2017On Tuesday, August 15, 2017, the OCC released the annual update to the Bank Accounting Advisory Series (“BAAS”), which covers a variety of topics and promotes consistent application of accounting standards among national banks and federal savings associations. This edition of the BAAS reflects accounting standards issued by the Financial Accounting Standards Board on topics such as the...August 11, 2017Rumor Mill Churning: Will Cordray Run for Governor of Ohio? I cannot read my morning press clips, or anything from an Ohio news outlet for that matter, without seeing coverage of Richard Cordray’s speculated departure as head of the CFPB to run for Governor of Ohio. One thing is for certain – his days atop the agency are numbered. His term expires in 2018, and President Trump will have an...August 4, 2017CBA Executive Banking School Class of 2017, Top Student Honored The future of retail banking looks bright with CBA Executive Banking School’s Class of 2017 carrying the torch, and I am proud to congratulate our graduates on their accomplishments. Our school is devoted to the idea that a successful banker is one who understands how to operate a bank from the ground up. After three years of...August 1, 2017Thomas Dent Honored with Tem Wooldridge Award for Outstanding Academic Performance, Integrity and Work Ethic Washington, D.C. – The Consumer Bankers Association (CBA) today graduated 98 members of its Executive Banking School Class of 2017 and recognized Thomas Dent of PNC Bank with its top honor, the Tem Wooldridge Award. “I am proud to congratulate the Class of 2017, our honors graduates, and...July 28, 2017On Friday, July 28, 2017, the FDIC released a list of orders of administrative enforcement actions taken against banks and individuals in June. The FDIC issued a total of 23 orders. The administrative enforcement actions in those orders consisted of one consent order; four removal and prohibition orders; 13 Section 19 orders; two civil money penalties; two terminations of consent orders; and one...July 28, 2017CBA Executive Banking School is in Full Swing CBA’s 66th session of Executive Banking School is off and running! This week, nearly 300 students joined us at Furman University in Greenville, S.C. to hone their retail banking skills. Thank you to Dennis Devine , CBA Board Member and Co-President of Key Community Bank, Kelly King , President and CEO of BB&T Bank, and our distinguished faculty...July 24, 2017On Monday, July 24, 2017, the OCC named William A. Rowe as its Chief Risk Officer, effective immediately. He fills the position which has been vacant since April, 2017. As Chief Risk Officer, he will lead the agency’s Office of Enterprise Risk Management and the agency’s Enterprise Risk Committee. Under his direction, the Office of Enterprise Risk Management supports an agency-wide view of risks...July 21, 2017CBA Executive Banking School Starts Monday Nearly 300 students representing 43 banks and credit unions from across the country will meet at Furman University in Greenville, S.C. for CBA’s 66 th year of Banking School this weekend. At the end of our summer program, we expect to graduate 98 bankers, including this year’s Tem Wooldridge Award winner. Each year, this award recognizes the top...