CBA in the News

Press Contact

Jacqueline Ortiz Ramsay
jramsay@consumerbankers.com
202-552-6371
  • May 22, 2017
    The highly contested leadership structure of the Consumer Financial Protection Bureau should be a bipartisan commission if it was up to voters to decide. The Consumer Bankers Association , the Independent Community Bankers of America , and the American Land Title Association teamed up to commission a Morning Consult poll of registered voters in key battleground states, including Indiana, Maine,...
  • May 15, 2017
    Federal Housing Finance Agency Director Mel Watt recently delivered a stark warning about the financial stability of government-sponsored housing enterprises. But some experts doubt lawmakers will move any faster on housing reforms as a result. On Thursday, Watt offered a downbeat view of capital buffer levels at Fannie Mae and Freddie Mac, during a Senate Banking Committee hearing. Still, the...
  • May 2, 2017
    Independent Community Bankers of America President and Chief Executive Camden Fine announced Tuesday that he plans to retire in May 2018. Fine, who has long rallied Capitol Hill for small bank regulatory relief, has worked for the community bank trade association since 2003. Rebeca Romero Rainey, ICBA’s former chairwoman, will succeed him, the group’s current chairman Scott Heitkamp announced...
  • May 1, 2017
    Policymakers in Washington regularly trigger the law of unintended consequences, hurting the very people they profess to help. A prime example is the Durbin Amendment, a last-minute addition to the Dodd-Frank Act that placed the Federal Reserve in charge of pricing debit-card transactions and established new rules for how those transactions are routed. This misguided effort to regulate debit-card...
  • April 21, 2017
    As reforming the Dodd-Frank Act takes center stage in Washington, it is important for federal lawmakers to hunker down and get this one right. Consumers and bankers alike stand to benefit from reform, but balance is key. When it comes to financial policy, a balanced approach to reform is essential to a healthy banking sector, and preserving consumer choice and access to credit. These days...
  • April 18, 2017
    It's the topic the banking industry can't avoid, even when people prefer not to mention it by name: Wells Fargo. Banking executives and consultants who normally focus on checking accounts and credit cards spent a recent conference talking about "cross-selling" and "incentive compensation." Those are code words for Wells Fargo, and the up to 2 million accounts that its employees opened without...
  • March 27, 2017
    The job of bank teller used to be one of the fastest-growing occupations in America, reaching a peak of 531,000 jobs in 1980 and trailing only computer operators and specialists in growth rate during the 1970s. Now technology lets bank customers tap their smartphone screens to transfer money between accounts or deposit checks — activities that used to require walking into a branch and talking...
  • March 23, 2017
    Huntington Bancshares in Columbus, Ohio, has named Bank of the West executive Andy Harmening as its new head of consumer and business banking. He will succeed Mary Navarro, who is retiring after 42 years in the industry. Harmening is Bank of the West's vice chairman of consumer banking. Before joining the San Francisco unit of France's BNP Paribas in 2005, he worked in small business and...
  • March 20, 2017
    The parade of legal developments leading toward the U.S. Court of Appeals for the District of Columbia Circuit rehearing an important case involving the Consumer Financial Protection Bureau has started in earnest. First, the American Financial Services Association, along with a dozen other organizations, delivered an amicus brief — a legal document filed in appellate court cases by non-litigants...
  • March 16, 2017
    Banks and other financial firms in 2016 generated the highest level of fees in seven years related to overdrafts on checking accounts, marking a turnaround for a charge crisis-era regulation tried to rein in. So-called overdraft fees totaled $33.3 billion in 2016, up about 2.5% from 2015 and by 5.4% from 2011, according to Moebs Services Inc., an economic-research firm. Overdrafts occur when...

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