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CBA supports strong national data protection and consumer notification standards with effective enforcement provisions that are applicable to any party with access to important consumer financial information. CBA members are already subject to robust data protection and notification standards and these requirements must be recognized. Inconsistent state laws and regulations should be preempted in favor of strong Federal data protection and notification standards. CBA firmly holds that all parties must share in protecting consumers and, as such, the costs of a data breach should ultimately be borne by the entity that incurs the breach. Protecting consumer data is a shared responsibility, and merchants must have the same tough data security standards as financial institutions to thwart hackers as well as the ability to accept chip-based cards.
- September 26, 2017 - 2:00PMPastSeptember 22, 2017CBA LIVE 2018 Registration Now Open CBA LIVE is back for 2018, and we are going “Beyond the Bank.” The banking industry is transforming across the board. From consumer interactions to digital capabilities the banking world is moving beyond brick and mortar. With 90 hours of programming and attendance from retail banking’s most senior leaders, CBA LIVE 2018 is this year’s can’t miss event. Join us...September 14, 2017This week Capitol Hill weighed in heavily on the Equifax breach which reportedly affected more than 143 million customers. There were several letters from Members of Congress on both sides of the aisle in the House and Senate. The Senate Commerce Committee sent a letter to Equifax CEO Richard Smith inquiring of the scope and response to the breach. Democrats from the House Energy and Commerce...September 8, 2017The acquisition phase of the customer life cycle is often filled with many unique challenges for financial marketers. These challenges include identifying profitable prospects, understanding the best product/service to offer, and communicating through the right channels at the right moment in time. Data modeling is a powerful tool that can help bank marketers conduct more effective customer...September 8, 2017Welcoming CBA’s Board of Directors & Committee Leadership We are excited to welcome our Board of Directors to CBA HQ next week for our September Board meeting. Each time we meet, it provides us an opportunity to chart a path forward for the retail banking industry and discuss how we can best serve consumers and small businesses. We also will announce our Board leadership team for 2018, as...August 29, 2017 - 2:00PMPastJune 8, 2017On Thursday, June 08, 2017, CFPB Director Richard Cordray announced the Bureau granted CBA’s request for a 60-day extension to the comment period for the “Request for Information Regarding the Small Business Lending Market.” The Director made the announcement during his remarks at the Bureau’s Consumer Advisory Board Meeting. A copy of his remarks will be posted on consumerfinance.gov and a...May 10, 2017 - 2:00PMPastApril 27, 2017 - 2:00PMPastApril 26, 2017On Wednesday, April 26, 2017, the Conference of State Bank Supervisors (CSBS) filed a lawsuit against the OCC in U.S. District Court to prevent the agency from creating a national bank charter for fintech companies. “The OCC’s action is an unprecedented, unlawful expansion of the chartering authority given to it by Congress for national banks. If Congress had intended it to be used for another...