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Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.
- November 16, 2017WASHINGTON, D.C . – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the U.S. Senate Committee on Finance passed its version of the Tax Cuts and Jobs Act: “Helping American families and enabling businesses to drive our economic growth should be top priorities for any tax reform proposal. Provisions in the Senate Finance Committee’s legislation...
- November 13, 2017On Monday, November 13, 2017, the Federal Reserve Board issued an announcement regarding the approval of fee schedules, effective January 2, 2018, for payment services the Federal Reserve Banks provide to depository institutions (priced services). According to the announcement, the Reserve Banks project that they will recover 100 percent of their priced services costs in 2018. The Reserve Banks...November 13, 2017WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate Finance Committee released its tax reform proposal: “The Administration and Congress’ commitment to pro-growth tax reform is a positive step for small-businesses, consumers and our economy. However, the elimination of certain deductions like FDIC Deposit Insurance premiums,...November 13, 2017WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the Senate Banking Committee announced an agreement on bipartisan financial regulatory reform legislation: “We appreciate the Senate’s bipartisan effort to enact regulatory reform which helps banks better serve American consumers and small businesses. The agreement makes some meaningful...November 9, 2017On Thursday, November 9, 2017, the OCC issued the “ Background Investigations ” booklet of the Comptroller’s Licensing Manual, which revises the booklet of the same title issued in April 2009. The revised booklet incorporates updated procedures and requirements following the integration of the functions of the Office of Thrift Supervision into the OCC in 2011, and the issuance of revised...November 9, 2017Senate to Drop Tax Bill, Expect House Bill on Floor Next Week Tax reform continues to occupy a ton a bandwidth in Washington. The Senate is expected to drop its bill this afternoon and the House version is expected to pass out of the Ways and Means Committee. Following Committee passage, the House bill is expected to proceed to the floor for a vote next week. Should both the House and Senate pass...November 8, 2017 - 2:00PMPastNovember 7, 2017On Tuesday, November 7, 2017, the OCC issued the “ Subordinated Debt ” booklet of the Comptroller’s Licensing Manual, replacing the booklet issued in November 2003 and the related guidance (OCC Bulletin 2015-22) issued April 3, 2015. The revised booklet incorporates updated requirements for issuing subordinated debt and including it as tier 2 capital, as well as revised sample notes for national...November 6, 2017Quarles sworn in to Federal Reserve System, Vice Chair for Supervision On Monday, November 6, 2017, the Board of Governors of the Federal Reserve announced Randal K. Quarles was ceremonially sworn in as a member and as Vice Chair for Supervision in the atrium of the Board's Eccles building in Washington. Following his confirmation by the Senate, Vice Chair Quarles took office on October 13, 2017...November 2, 2017To the Editor: R “ Living on a Borrowed Dime ” (Business Day, Oct. 20), which seems to criticize banks for high consumer debt: Every day, retail banks across the country strive to offer products that meet consumer needs. That commitment is paying off: A recent report by the Consumer Financial Protection Bureau shows a correlation between bank deposit accounts and financial well-being. Unlike bank...