- CBA on
- CBA Media
Fair Lending/Responsible Banking
Fair lending principles are embraced by CBA members. Regulatory enforcement, however, is an increasingly complex area of compliance, and has become even more challenging with the intense search at the state and federal levels for 'predatory lending' practices. To encourage self-evaluation, CBA helped establish a privilege for self-testing for fair lending compliance. CBA also is responding to new fair lending guidelines and protecting banks from unnecessary and burdensome small business data collection.
- October 3, 2016This article focuses on how compliance leaders are executing their monitoring and testing responsibilities; how they are seeking to further enhance their monitoring and testing activities to realize greater value in their compliance efforts, the role of data and technology in compliance monitoring, and also current challenges. This article includes insights from KPMG professionals' firsthand...
- September 27, 2016 - 2:00PMPastWith consumer loans up 18% in two years ( TransUnion 2016 Personal Loan Forecast) , you may not be taking full advantage of a booming market. Join this webcast and learn how to use new business marketing intelligence, like geo targeting, market segmentation, and location and spatial analytics to maximize your loan marketing efforts without disrupting your current processes. You'll also learn...
- September 27, 2016On Tuesday, September 27, 2016, the House Financial Services Financial Institutions and Consumer Credit Subcommittee held a hearing to explore seven bills aimed at improving consumer access to banking services. Subcommittee Chairman Randy Neugebauer (R-TX) shared in his opening statement, “Today’s hearing is important to consider legislation that can have a tremendous impact on consumer credit...September 21, 2016 - 2:00PMPastAccording to the Center for Financial Services Innovation, more than half of American adults struggle financially on a recurring or occasional basis. To cope, consumers are using alternative sources to meet their financial needs—instead of turning to their banks.To more proactively support your customers, it is time to empower them to keep their financial health intact through point in time...July 15, 2016On Friday, July 15, 2016, the federal bank regulatory agencies published final revisions to “Interagency Questions and Answers Regarding Community Reinvestment.” The document provides additional guidance to financial institutions and the public on the agencies' Community Reinvestment Act (CRA) regulations. The guidance addresses questions regarding the agencies' CRA regulations in the following...June 27, 2016On Monday, June 27, 2016, the Supreme Court denied certiorari to review the Second Circuit Court of Appeals’ decision in Madden v. Midland Funding . This class action case alleges Midland Funding, a debt buyer, violated state usury laws and the Fair Debt Collection Practices Act (FDCPA) when it attempted to collect on debt it had purchased from FIA Card Services, N.A. In a controversial decision...June 21, 2016Many organizations now view compliance as an investment and not simply as a cost. These organizations realize that business and operational value can be derived by integrating compliance across the business and positioning it to contribute to business decisions and adapt to the changing business and regulatory environment. They are moving toward a transformation of compliance that allows the...June 15, 2016On Wednesday, June 15, 2016, CBA submitted a comment letter in response to the FDIC’s “Request for Comment on Mobile Financial Services (MFS) Strategies and Participation in Economic Inclusion Demonstrations.” In the letter, CBA addressed each of the six strategies the FDIC identified in their original request about potential ways to employ MFS to better meet consumer needs. Also, CBA recommended...June 15, 2016On Wednesday, June 15, 2016, FDIC Chairman Martin Gruenberg spoke to the Exchequer Club in Washington, D.C. about “The Impact of Post-Crisis Reforms on the U.S. Financial System and Economy.” In his speech, he analyzed four broad areas that measure economic health: 1. Credit availability; 2. Bank profitability; 3. Market liquidity; and 4. Distribution between banks and nonbanks. Overall, he...June 7, 2016 - 2:00PMPastThe branch workforce is the lifeblood of any retail bank. When it's operating at a high level, the likelihood of a bank achieving its goals is raised considerably. All retail banking managers intuitively know this. Yet, in the face of pressures to cut labor costs and migrate consumers to less expensive digital channels, most banks are struggling with what to do about evolving and optimizing their...