Richard's Rapid Fire

  • December 2, 2016
    Breaking: OCC Moving to Create Charters for FinTech Firms The OCC today issued a White Paper detailing plans to create special purpose charters for fintech firms and is seeking comments on the various issues raised by this initiative. We applaud the OCC for their efforts to further explore chartering, and we will provide the agency with our reactions – particularly in regard to ensuring a level...
  • November 18, 2016
    Trump’s Short List Includes Individuals with Banking Experience A lot of names are being tossed around for top positions in the Trump Administration. As it relates to banking, here is what we know so far: Steven Mnuchin , a former Goldman Sachs Banker, Jamie Dimon , CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial Services Committee Chair, are reportedly the leading candidates for...
  • November 11, 2016
    A Time to Honor Our Veterans On behalf of the entire CBA Family, I wanted to take a moment to extend our sincerest gratitude to our veterans, active service members, and their families this Veterans Day. Our veterans embody many of our nation’s greatest values: courage, humility and selflessness. Today we show our appreciation for their service and commitment. Thank you . CBA Congratulates New...
  • November 4, 2016
    Election 2016: What It Means For Retail Banking With the election just days away, we’ll need to start getting used to saying President Trump or President Clinton. Be sure to join Team CBA on Wednesday, November 9, 2016 at 3:30 p.m. Eastern for a 60-minute members-only webinar to get an inside look at the 2016 election and its impact on retail banks. Will there be key leadership changes in the...
  • October 28, 2016
    Crystal Ball: the CFPB’s 2017 Priorities During a speech earlier this week, CFPB Director Richard Cordray outlined the Bureau’s three priority areas for enforcement actions and supervision in 2017: consumer complaints, redlining and Real Estate Settlement Procedures Act (RESPA) violations. In light of the recent Appeals Court decision, which rejected the CFPB’s interpretation of portions of RESPA...
  • October 21, 2016
    Time to Revamp the CFPB Structure Last week, a federal court decided a sitting president could immediately remove a CFPB director on a whim. This decision is concerning as it subjects the Bureau to political pressures by placing its directorship under the thumbprint of the president. In response, I penned an op-ed in USA Today calling for a five-person, bipartisan commission at the CFPB. With...
  • October 14, 2016
    CBA LIVE 2017: Where [ it ] Begins Are you ready for retail banking’s most talked about event? #CBALIVE is now open for registration . Hear what the industry's top executives, regulators, and influencers have to say at the premiere conference, taking place April 3-5 at the Gaylord Texan in Dallas. Registration already is booming! Shout out to Brian Cahoon of BMO Harris, Dan Boozer of Crescent...
  • October 7, 2016
    CBA Members Help Those Impacted by Hurricane Matthew During hurricane season, CBA members are making every attempt to provide for their customers, employees, and communities impacted by Hurricane Matthew. Many of our members are offering consumers mobile banking options, fully stocked ATM networks, access to customer call centers and timely information posted to their website and social media...
  • September 30, 2016
    Wells Fargo’s John Stumpf Testifies Before House Committee On Thursday, Wells Fargo CEO and Chairman John Stumpf returned to Capitol Hill for a hearing before the House Financial Services Committee, nearly a week and a half after his testimony before the Senate Banking Committee. We at CBA wanted to capture the mood and intentions of Congress and federal regulators surrounding Wells Fargo, while...
  • September 23, 2016
    Past and Present: Wells Fargo Hearings This week, the Senate Banking Committee held a hearing which included testimony from Wells Fargo Chairman and CEO John Stumpf , OCC Comptroller of the Currency Tom Curry , CFPB Director Richard Cordray and James Clark , Chief Deputy for the Office of the Los Angeles City Attorney. Here are comments from government officials: Comptroller of the Currency...

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