Richard's Rapid Fire

  • February 15, 2013
    CFPB's Antonakes to Speak at CBA LIVE Breaking news: Acting Deputy Director Steve Antonakes, who heads up supervision, enforcement and fair lending for the CFPB, will address the general session at CBA LIVE on March 12, 2013 in Phoenix. Hear directly from the CFPB's Sheriff... Register now . CBA Testifies in Small Business Hearing On Wednesday, February 13, 2013, CBA Board member Maria Coyne,...
  • February 8, 2013
    DC Day Members of CBA’s of Board of Directors and Government Relations Council (GRC) traveled to Washington, DC on Wednesday and met with key lawmakers to discuss CBA’s 2013 legislative agenda and the current state of retail banking. The top issues for the day were the need for structural reforms to the CFPB to ensure it is not a political football for years to come. The group also educated...
  • February 1, 2013
    Recess Appointments and the CFPB - Acting Deputy Director? CBA held a conference call with 125 members on Monday regarding the CFPB implications of last week’s court ruling that President Obama’s NLRB recess/ non-recess appointments were unconstitutional. The White House took a gamble when they made these appointments last year and now banks and our customers are paying the price. Markets can...
  • January 25, 2013
    Breaking News: Recess Appointments Unconstitutional – CFPB Implications Today, the U.S. Court of Appeals for the D.C. Circuit ruled unanimously that recess appointments made by President Barack Obama to the National Labor Relations Board were unconstitutional. This ruling, if upheld, could have sweeping impact on appointments made when the President bypassed the Senate. We are going over the...
  • January 18, 2013
    CFPB Issues Mortgage Servicing Rules Nearly 300 members dialed joined CBA’s call on Monday, January 14, 2013, to discuss the impact of QM and to hear from K&L Gates and the CBA Advocacy team. With regard to QM, Director Cordray told me the 3% cap on mortgage broker compensation is a work in progress. While we appreciate the CFPB's efforts to date, we still have some concerns, outlined in our...
  • January 11, 2013
    QM The much-awaited "grandfather of all rules," QM, finally arrived from the CFPB this week. CBA will hold a membership call this Monday, January 14, 2013, at 2 p.m. ET to discuss the new rule and what it means for retail banks. At first blush we think it is a balanced approach, but have some concerns about the timing for implementation. Join us on the call for a full analysis with guest speaker...
  • January 4, 2013
    Fiscal Cliff The good news is we did not go over the fiscal cliff. Our nation's leaders worked together over the weekend to negotiate the fiscal cliff deal: After nearly 17 months of a self-imposed deadline, Congressional Leaders acted at the very last minute, only leading to another showdown over the debt limit in two short months. The deal included various tax provisions after Vice President...
  • March 20, 2012
    Ombudsman released its third annual report detailing "inreach" within the Bureau, and summarizing the interactions with parties outside the CFPB in its information collection...

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