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CBA General Issues
Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.
- October 13, 2017On Friday, October 13, 2017, the OCC issued a press release to announce Bob Phelps will be its next Deputy Comptroller for Supervision Risk Management, effective October 30, 2017. In this role, Mr. Phelps will serve as chair of the OCC’s National Risk Committee, which is charged with identifying primary and emerging areas of risk to the federal banking system and ensuring that the risks are...October 12, 2017Kiran Analytics recently conducted its third annual survey of retail banks to provide insights on branch transformation priorities, workforce strategies, and analytics solutions for workforce optimization. The research results and key takeaways are summarized in this white paper.October 12, 2017On Thursday, October 12, 2017, the Federal Reserve issued a press release regarding plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in October. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with term deposit procedures. The...October 12, 2017On Thursday, October 12, 2017, the CFPB filed suit in federal court against the Federal Debt Assistance Association, LLC, and the Financial Document Assistance Administration, Inc., service providers from Baltimore, MD, for presenting themselves as affiliated in some way with the federal government. The CFPB also alleged the companies’ debt-validation programs violated the law by falsely...October 11, 2017On Wednesday, October 11, 2017, the OCC issued a press release that Amy Friend, Senior Deputy Comptroller and Chief Counsel, will retire from federal service and step down from her position on November 11, 2017. “Amy has made far-reaching contributions to the OCC and to the federal banking system,” said Acting Comptroller of the Currency Keith Noreika. “Her work at the agency and on Capitol Hill...October 11, 2017On Wednesday, October 11, 2017, the Federal Reserve Board and the Federal Open Market Committee released the minutes of the Committee meeting held on September 19-20, 2017. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.October 11, 2017October 11, 2017 The Honorable Jeb Hensarling The Honorable Maxine Waters Chairman Ranking Member House Financial Services Committee House Financial Services Committee 2129 Rayburn House Office Building 2129 Rayburn House Office Building Washington, D.C. 20515 Washington, D.C. 20515 Dear Chairman Hensarling and Ranking Member Waters: The Consumer Bankers Association (CBA) appreciates the...October 9, 2017October 9, 2017 The Honorable Ann Wagner U.S. House of Representatives 435 Cannon House Office Building Washington DC 20515 Dear Congresswoman Wagner, The undersigned associations support the passage of H.R. 3857, the Protecting Advice for Small Savers Act of 2017, which would establish a best interest standard of conduct for broker-dealers, provide appropriate exemptions under ERISA and the...October 6, 2017CFPB Final Small-Dollar Rule Falls Short For Consumers The CFPB’s long-awaited small-dollar rule is finally here, and you guessed it! The Bureau whiffed at an opportunity to provide assistance to the millions of Americans experiencing financial hardship. It is hard to believe just days after the CFPB reported more than four in ten Americans were struggling to pay monthly bills – often because of...October 6, 2017On Friday, October 6, 2017, the OCC is requesting comment on a proposed rule to shorten the standard settlement cycle for securities purchased or sold by national banks or federal savings associations (collectively, banks). The proposal was issued jointly with the FDIC. The OCC initially posted the proposal to its website on September 1, 2017. It was published in the Federal Register on September...