Deposits & Payments

Deposit growth and strategies have always been a core focus of retail banks. Today's volatile economic climate - with consumers relying less on credit products and more on deposit account services - brings deposit growth and account management to the forefront. As technology and consumer needs evolve, so does the concept of payments. With innovations such as virtual wallets and other forms of digital currency comes new and unique challenges for the payments space. CBA monitors and addresses the issues facing retail banks in the management of the deposits and payments functions.

  • March 15, 2017
    Even the more sophisticated data-driven financial services marketers are struggling to figure out how to effectively and efficiently integrate personalization into multichannel customer and prospect marketing strategies. This iteration of the Epsilon 5 & 5 is intended to trigger some contrarian thoughts and challenge your marketing status quo. In this issue, we’ll talk about personalization,...
  • March 10, 2017
    March 10, 2017 The Honorable Scott Tipton The Honorable Randy Hultgren U.S. House of Representatives U.S. House of Representatives 218 Cannon House Office Building 2455 Rayburn House Office Building Washington, DC 20515 Washington, DC 20515 The Honorable Patrick McHenry The Honorable David Scott U.S. House of Representatives U.S. House of Representatives 2334 Rayburn House Office Building 225...
  • March 10, 2017
    Washington, D.C. – The Consumer Bankers Association (CBA) today sent a letter to members of Congress, applauding them for re-introducing H.R. 1457, the Making Online Banking Initiation Legal and Easy (MOBILE) Act of 2016 . Led by Representatives Scott Tipton (CO-3), Randy Hultgren (IL-14), Patrick McHenry (NC-10), David Scott (GA-13), Terri Sewell (AL-7), and Krysten Sinema (AZ-9), the MOBILE Act...
  • March 9, 2017
    On Thursday, March 9, 2017, the CFPB released a proposal to delay by six months the effective date of its rule governing prepaid accounts. The agency proposed the delay after learning some industry participants would have difficulty complying with certain provisions of the rule by the current October 1, 2017 effective date. While the proposal would not change any other part of the prepaid...
  • February 15, 2017
    On Wednesday, February 15, 2017, the FDIC released its 2016 Annual Report , highlighting its efforts to rebuild the Depositors Insurance Fund (DIF), manage FDIC resources, focus on interest-rate risk and credit risk, strengthen bank resilience and public confidence, address cybersecurity risk, and review regulation. The FDIC also highlighted its community banking initiative, focused heavily on...
  • February 10, 2017
    CBA Walking Capitol Hill CBA is at its strongest when our Board of Directors comes together to chart a path forward. As CBA Board Chairman Ross Carey of U.S. Bank discussed with Morning Consult , we visited with 15 Senate offices (mostly Senate Dems) on Capitol Hill to advocate on behalf of our membership and the customers they serve. In 2017, CBA’s top legislative priorities remain enacting a...
  • February 9, 2017
    WASHINGTON – The Consumer Bankers Association is hoping that moderate Democrats will finally get on board with converting the Consumer Financial Protection Bureau to a five-member commission rather than a single director, despite continued opposition from Sen. Elizabeth Warren, D-Mass., to such a move. The trade group says the “whipsaw effect” of having a single director who can quickly tack the...
  • February 1, 2017
    On Wednesday, February 1, 2017, Sen. David Perdue (R-GA) submitted a resolution to the Senate’s Committee on Banking, Housing, and Urban Affairs seeking repeal of the CFPB’s prepaid card rule under the Congressional Review Act. The resolution, currently with seven co-sponsors, is the Senate’s first attempt to use the Congressional Review Act against the CFPB. The Bureau issued the new prepaid...

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