Richard's Rapid Fire

  • June 30, 2017
    Membership Spotlight: CBA Board Member Michael Cleary Named Co-President at Santander Bank A hearty congratulations to CBA Board Member Michael Cleary on being named co-president of Santander Bank, whose experience and expertise are invaluable to our organization. We wish Michael the best in expanded leadership role at the bank. Dodd-Frank Reforms Pass House Subcommittee Passing by voice vote,...
  • June 23, 2017
    Calling for Coordination and a Commission: CBA Takes the Hill Several prominent regulators joined the Senate Banking Committee this week to discuss economic growth and the regulatory environment. Ahead of the hearing, our legislative experts sent a letter to the committee’s Democratic and Republican leadership calling for several reforms, including improving coordination between the regulatory...
  • June 16, 2017
    CBA Board of Directors Takes The White House We always appreciate the opportunity to host our Board of Directors at CBA World Headquarters. As Washington debates Dodd-Frank reform, we were glad to visit with senior officials at the White House and OCC Acting Comptroller Keith Noreika to discuss pressing issues facing the banking industry and consumers. Additionally, two new members were elected...
  • June 9, 2017
    Before going into the events in banking and politics this week, I would like to recognize the retirement of two very special people. This month, Mary Navarro of Huntington Bank and Paul Olivier of Frost Bank are retiring. Mary served in the banking industry for 42 years and was named by the American Banker as one of the Most Powerful Women in Banking. She has been a CBA Board member for 13 years...
  • June 2, 2017
    This week's guest author is Steve Zeisel, CBA’s EVP and General Counsel. CHOICE Act Headed to House Floor for a Vote If all goes as expected, the Financial CHOICE Act will head to the House floor for a vote next week. Per press accounts, an amendment will be offered to strip language repealing the Durbin Amendment, which instituted a government sanctioned price control on bank interchange fees...
  • May 26, 2017
    Majority of Voters in Battleground States Want a Bipartisan Commission at the CFPB CBA has long championed the belief the CFPB should be structured as a bipartisan commission. This week, new poll results released by Morning Consult , a well-respected, non-partisan polling firm, showed 58% of registered voters in eight battleground states agree with our position. In fact, across party lines, a...
  • May 18, 2017
    From “Don’t Bank” to Bank Charter: Is SoFi Having an Identity crisis? Talk about an about-face in company strategy. In eye-popping fashion, SoFi, the online lending startup that ran a 2016 Super Bowl commercial with the tagline “don’t bank,” announced its intentions to apply for a bank charter in the coming weeks. Yeah, you read that right. An online lender who openly and energetically touted...
  • May 12, 2017
    CBA Committee Chair Todd Hollander of Union Bank Testifies on Small Business Lending Seventy percent of the small business loans are made by banks with $1 billion or more in assets. With the CFPB launching a formal inquiry into the small-business lending landscape, we stand with the Bureau in its endeavor to better understand the small business lending market. However, we urge the Bureau to...
  • May 5, 2017
    Dodd-Frank Reform Passes House Financial Services Committee, Interchange Included (Senate has not even started) • Today is OCC Comptroller’s Curry’s Last Day • First Tennessee Becomes a $40 Billion Bank • 70% of all Small Business Loans Made by Banks Greater than $1 Billion in Assets • ICBA’s Cam Fine Retiring • My Panel at Fiserv Forum • Representatives Introduce HMDA Bill • High School...
  • April 28, 2017
    CHOICE 2.0’s Day in the Sun: Here we go! The House Financial Services Committee is planning to mark-up the Financial CHOICE Act 2.0 on Tuesday, May 2, 2017. For those not familiar with such political processes, a mark-up is when a committee debates, amends, and/or rewrites proposed legislation. Experts, politicos, and reporters have been weighing in on whether the bill will be able to generate...

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