Richard's Rapid Fire

  • 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...
  • September 16, 2016
    CBA Elects Ross Carey of U.S. Bank as Chairman A big congratulations to U.S. Bank’s Ross Carey , who was elected to succeed Will Howle of Citi as CBA’s Chairman of the Board, and Brad Conner of Citizens Financial Group, who was named Chair-Elect for 2017. I thank Will for his service as Chairman and I look forward to continuing to work with him in his new leadership role of Immediate Past Chair...
  • September 9, 2016
    Interchange Alert -- Interchange Alert -- Interchange Alert! Next week, the House Financial Services Committee is expected to vote on the Financial CHOICE Act , which includes a repeal of the Durbin Amendment. Under the Durbin Amendment’s mandated price control, consumers have failed to see the savings promised by proponents of the measure while also losing out on many affordable banking products...
  • September 1, 2016
    While the Banking Industry Improves, Challenges Persist, FDIC Chairman Says This week, the FDIC released its Quarterly Banking Profile for Q2 , which showed the banking industry posted earnings of $43.6 billion, up 1.4 percent year-over-year. The report attributes this earnings bump to expanded loan portfolios that led to a 4.8% increase in net interest income. At just 4.5%, the number of...
  • August 26, 2016
    CBA Board Chairman Will Howle Appointed to CFPB Board Last week, the CFPB announced new appointments to its advisory board and councils, three of whom are CBA members. The Bureau appointed CBA Board Chairman Will Howle, President of U.S. Retail Banking at Citi, to serve on its Consumer Advisory Board; Cal Ratcliff , former CBA CFPB Committee Chairman, current CFPB Committee member and Bank of...
  • August 19, 2016
    CFPB Employs Undercover Tactics On Thursday, The Wall Street Journal reported the CFPB is under scrutiny for sending two undercover employees into a BancorpSouth branch to apply for a home loan. The experience resulted in charges of lending discrimination against the bank. In response to critics, the Bureau argues other agencies have employed identical tactics, including the Justice Department...
  • August 12, 2016
    Economists Predict December Rate Increase A new WSJ survey out this week shows 71% of economists believe the Fed will raise interest rates at its December meeting. This is a complete reversal of opinion from the Journal’s two previous surveys on the topic. In July, about half of economists polled expected the Fed to raise rates, and a mere 7.8% held this opinion in June. Strong employment numbers...

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