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Deposits & Payments
Deposit growth and strategies have always been a core focus of retail banks. Today's volatile economic climate - with consumers relying less on credit products and more on deposit account services - brings deposit growth and account management to the forefront. As technology and consumer needs evolve, so does the concept of payments. With innovations such as virtual wallets and other forms of digital currency comes new and unique challenges for the payments space. CBA monitors and addresses the issues facing retail banks in the management of the deposits and payments functions.
- June 8, 2017On Thursday, June 8, 2017, CBA and ABA submitted a comment letter in response to the Department of Education’s (DOE) “Request for Information Regarding Disclosures for Student Financial Accounts.” In May the DOE issued the RFI requesting comment on using a model disclosure very similar to that of the recently enacted model short-form disclosure for prepaid cards. In our comment, we strongly...June 8, 2017On Thursday, June 8, 2017, CBA and the Financial Services Roundtable submitted a joint comment letter in response the CFPB’s request for information on the state of the consumer credit market. The CFPB is required under the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) of 2009 to conduct a review of this market on a biennial basis. In our letter, the Associations...June 7, 2017 - 2:00PMPastJune 1, 2017 - 4:00AMPastMay 25, 2017May 23, 2017 Via Electronic Delivery Monica Jackson, Office of the Executive Secretary Consumer Financial Protection Bureau 1700 G Street NW, Washington, DC 20552 Re: Docket No. Bureau–2017–0004; Request for Information Regarding Remittance Rule Assessment Dear Ms. Jackson: The Clearing House Association L.L.C. (“ The Clearing House ”), the Consumer Bankers Association (“ CBA ”), the Bankers...May 18, 2017 - 2:00PMPastMay 10, 2017 - 2:00PMPastApril 27, 2017 - 2:00PMPastApril 20, 2017 - 2:00PMPastApril 19, 2017Many industries, such as financial services, are looking to develop ways to leverage mobile capabilities. The goal is to use mobile to attract new customers, but also to engage and cement relationships with current customers. The challenge lies in the execution. To be effective, you’ll need to determine how to develop innovative ways to leverage the technology and your data and turn that into an...