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Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.
- May 9, 2017On Tuesday, March 9, 2017, Acting Comptroller of the Currency Keith A. Noreika discussed the importance of mutual associations and community banks to the federal banking system during remarks at the meeting of the OCC’s Mutual Savings Association Advisory Committee. At the meeting, Noreika stated, “Federal mutual savings associations are an important segment of the community bank population...May 8, 2017On Monday, May 8, 2017, the OCC issued the “Fiduciary Powers” booklet of the Comptroller’s Licensing Manual. This revised booklet replaces the booklet of the same title issued in June of 2002. The new edition incorporates updated procedures and requirements following the integration of the Office of Thrift Supervision into the OCC in 2011 and the issuance of revised regulations (12 CFR 5),...May 4, 2017On Wednesday, May 3, 2017, the OCC announced Keith Noreika will serve as Acting Comptroller of the Currency, after Thomas Curry steps down on May 5, 2017. Currently a partner at Simpson Thacher & Bartlett LLP, Mr. Noreika was a partner at Covington & Burling, specializing in banking regulation. He has extensive experience advising banks on operational structuring including compliance with...May 4, 2017May 4, 2017 The Honorable Barry Loudermilk U.S. House of Representatives Washington, DC 20515 Dear Representative Loudermilk: The undersigned organizations commend you for your leadership on the FCRA Liability Harmonization Act. The bill would align the Fair Credit Reporting Act (FCRA) with other financial consumer protection laws by capping the amount of statutory damages allowed in class action...May 2, 2017Washington, D.C. (May 2, 2017) – Richard Hunt, president and CEO of the Consumer Bankers Association (CBA), today issued a statement following the announcement from Independent Community Bankers of America (ICBA) president and CEO Cam Fine that he is retiring. “For nearly 15 years, Cam provided ICBA with strong, effective and passionate leadership. Thanks to our conversations about the banking...May 2, 2017Independent Community Bankers of America President and Chief Executive Camden Fine announced Tuesday that he plans to retire in May 2018. Fine, who has long rallied Capitol Hill for small bank regulatory relief, has worked for the community bank trade association since 2003. Rebeca Romero Rainey, ICBA’s former chairwoman, will succeed him, the group’s current chairman Scott Heitkamp announced...May 1, 2017On Monday, May 1, 2017, the FDIC released its “Handbook for Organizers of De Novo Institutions,” providing an overview of the business considerations and statutory requirements de novo organizers will face as they work to apply for deposit insurance and establish a new depository institution. This financial institution letter applies to all proposed insured depository institutions. The handbook...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...