Financial Education
CBA is committed to the goal of expanding financial education and improving consumers' understanding of the complexities of consumer financial services-whether in mortgages, credit cards, student loans, deposit products, or all the myriad ways in which consumers interact with financial services in this complex economy.
- July 31, 2015CBA’s Executive Banking School Graduates 94 Tuesday morning 94 bankers wrote the final chapter of their journey through CBA’s Executive Banking School. Graduates invested three years and countless hours to their studies as they prepared to become the future leaders of banking. Congratulations to all our graduates including Tony Warden —this year’s recipient of the Tem Wooldridge Award —for his...
- July 28, 2015Washington, D.C. (July 28, 2015) – The Consumer Bankers Association’s Executive Banking School congratulates each member of the Class of 2015 and is proud to announce the 2015 honors students as well as this year’s top student, Tony Warden, the recipient of the Tem Wooldridge Award. Today’s graduates have invested three years in the Executive Banking School program which signifies their...
- July 22, 2015Change comes in all shapes and all sizes, touching virtually all aspects of your life. Growing up in rural Louisiana, I bought my bacon and eggs at the local Piggly Wiggly. But today, I can get them, all my other groceries and a new set of tires in one trip to the local Super Walmart. The community doctor has been replaced by telemedicine with highly specialized teams of physicians capable of...
- July 10, 2015Meeting with our Members This week we visited our bankers at Sallie Mae Bank in their Delaware offices to discuss the state and strength of the private student lending industry, how banks are protecting consumers, and the CFPB complaints portal. Thank you to Ray Quinlan , Chairman, Chief Executive Officer; Charlie Rocha , Executive Vice President, Chief Marketing Officer; and Paul Thome ,...
- July 10, 2015CFPB Cites Problems with Student Loan Servicing for Members of the Military On Tuesday, July 7, 2015, the CFPB released a report entitled: "Overseas & Underserved: Student Loan Servicing and the Cost to Our Men and Women in Uniform." The report, by the Bureau's Assistant Director of Office of Servicemember Affairs Holli Petraeus, and Seth Frotman, the Acting CFPB Student Loan Ombudsman,...
- July 2, 2015CFPB Pursues Consent Orders with Credit Card Add-On Providers On Wednesday, July 01, 2015, the CFPB announced enforcement actions against Affinion Group Holdings and Intersections, Inc. for unfair practices related to the billing and administration of credit card add-on products. Add-on products have been an area of focus for CFPB enforcement actions for some time, but this is the first time the...
- June 19, 2015For the first time in more than a year, profits at Birmingham banks declined compared to the previous quarter.
- June 5, 2015IGs Assess Coordination among Regulators On Thursday, June 4, 2015, the Inspectors General for the FDIC, OCC, National Credit Union Administration (NCUA), Federal Reserve (Fed) and CFPB (OIGs) issued a report assessing the level of coordination among the prudential regulators and the CFPB. The evaluation was prompted by a March 20, 2013 hearing before the House Financial Services Subcommittee on...
- May 8, 2015TRID Bill On Friday, May 1, 2015, Steve Pearce (R-NM) and Brad Sherman (D-CA) introduced legislation, H.R. 2213 , which will provide a hold-harmless period through the end of the year following the August 1, 2015 effective date of the CFPB's TILA/RESPA Integrated Disclosures (TRID) regulation. CBA and other trade associations sent a letter supporting the legislation and outlining the challenges...
CBA ABA OIG Letter Complaint Privacy 6-4-15