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.

  • October 20, 2016
    On Thursday, October 20, 2016, the FDIC released its annual National Survey of Unbanked and Underbanked Households for 2015. The agency held a corresponding event to release the report and discuss its findings, which showed: Seven percent of U.S. households are unbanked and almost 20 percent are underbanked, which means the consumer has a bank account, but used an alternative financial service...
  • October 11, 2016 - 2:00PM
    Past
    If you have questions regarding this webinar, please contact Maren Colon at mcolon@consumerbankers.com .
  • October 11, 2016
    On Tuesday, October 11, 2016, CBA and other trades submitted a comment letter to the Federal Reserve Board in response to recently issued questions and proposed revisions to the biannual debit card issuer survey. The Board collects certain information to facilitate the its ongoing administration of Section 920(a) of the Electronic Fund Transfer Act and related Federal Reserve Board Regulation II...
  • October 11, 2016
    As generations mature and innovation drives new payments methods, how are preferences and needs evolving? The quarterly consumer trends survey from Fiserv provides answers and insights that financial institutions, billers and other providers can use to understand consumer needs to drive adoption, satisfaction and long-term profitable relationships. Key findings include: consumers overwhelmingly...
  • October 11, 2016
    October 11, 2016 Robert deV. Frierson Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, N.W. Washington, D.C. 20551 Re: Proposed Agency Information Collection Activities; Comment Request: Proposed Revision to Regulation II Debit Card Issuer Survey (FR 3064a) and Request for Comment on Information Collection Proposal Dear Mr. Frierson: The Board of...
  • 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...
  • October 5, 2016
    The Consumer Financial Protection Bureau's final rule on prepaid cards will improve fraud protection and provide greater transparency of costs for such products, but is already drawing fire from both consumer advocates and bankers over how it treats overdraft fees. The rule, which is expected to be released Wednesday, effectively grants many protections of credit cards to prepaid products,...
  • October 5, 2016
    On Wednesday, October, 5, 2016, House Financial Services Committee Ranking Member Maxine Waters (D-CA) led ten other Democratic members in a letter to several governmental agencies expressing the need to strengthen rules regarding incentive-based compensation at financial institutions. The letter, was sent to the Federal Reserve, OCC, FDIC, National Credit Union Administration, Federal Housing...
  • October 5, 2016
    On Wednesday, October 5, 2016, a group of Democratic senators sent a letter to Attorney General Loretta Lynch requesting the U.S. Department of Justice(DOJ) investigate the opening of unauthorized accounts at Wells Fargo. In particular, the letter called on the DOJ to hold individual executives accountable for any wrongdoing. “A bank teller that takes a handful of bills from the cash drawer is...

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