Richard's Rapid Fire

  • May 11, 2018
    DRIVING THE CONVERSATION Rumor Mill Churns: McWatters as Bureau Director? – There is plenty of buzz in D.C. surrounding President Trump’s potential nomination of National Credit Union Administration Board Chair Mark McWatters as the next Director of the Bureau of Consumer Financial Protection (Bureau). We have had conversations with McWatters, as well as many other potential candidates for the...
  • May 4, 2018
    D.C. MEMORIAL DAY SHOT CLOCK What’s on the D.C. Docket ahead of Memorial Day? – Here is your cheat sheet to guide you through the month: Monday RFI Deadline –The BCFP RFI process continues with comments on administrative adjudications (May 7), enforcement processes (May 14), supervision processes (May 21) and external engagements (May 28) due this month. CBA will be submitting comment on these...
  • April 27, 2018
    REGULATORY ROUNDUP Mulvaney Plans to Drop Public Complaints Portal – CBA has long advocated for unverified contents of the complaint portal to no longer be made public and this week the Bureau of Consumer Financial Protection’s Acting Director Mick Mulvaney acted on this request. While we fully support the Bureau fulfilling its important, Congressionally-mandated mission of compiling complaints,...
  • April 20, 2018
    DC DOWNLOAD CBA-Backed Effort to Overturn CFPB's 2013 Auto Bulletin Passes U.S. Senate – CBA member banks are strongly committed to ensuring fair lending policies and practices are upheld while fulfilling consumers’ financial needs. The CFPB’s 2013 Auto Bulletin was a backdoor attempt at rulemaking without notice or comment and lacked the clarity needed by lenders, which is why CBA supported the...
  • April 13, 2018
    COMMISSION DRIVES CFPB CONVERSATION Mulvaney Backs CFPB Commission – In his first appearance before Congress, Acting CFPB Director Mick Mulvaney supported a CBA-backed plan to establish a commission at the CFPB . This is in addition to vocal support from both Republican and Democrat Members of Congress. Hearing Tidbits – Here are a few key takeaways from Acting Director Muvlaney’s Testimonies:...
  • April 6, 2018
    CFPB UPDATE Acting CFPB Director Mulvaney Seeks Changes to Agency – In the CFPB’s semi-annual report released on Monday, Acting CFPB Director Mick Mulvaney called on Congress to establish “meaningful accountability” at the CFPB by enacting four key changes: Fund the Bureau through Congressional appropriations. [CBA Note: Currently, under Dodd-Frank, the CFPB receives its funding directly from the...
  • March 30, 2018
    THIS WEEK: Our guest author is Steve Zeisel, CBA's Executive Vice President and General Counsel CRA Rulemaking on the Horizon – For those hoping to see revisions to the Community Reinvestment Act (CRA) regulations, the next few weeks should be very telling. Two important documents are expected to emerge almost simultaneously. Treasury will issue its Report on CRA reform, and the OCC – possibly...
  • March 23, 2018
    CBA LIVE 2018: My Favorite Numbers – CBA LIVE 2018 was one for the record books. Here are a few of my favorite numbers from this year's conference: 9 years straight of record attendance; 1,485 senior banking leaders attended CBA LIVE; 664 total bankers attended CBA LIVE; 25 out of 25 CBA Board Members attended; 284 CBA Committee Members attended including 13 wonderful CBA Committee Chairs; 44...
  • March 9, 2018
    Your Guide to a Great CBA LIVE Journey — We are ready for CBA LIVE 2018: Beyond the Bank. Returning for our ninth year — yes, CBA LIVE has been running for nine years straight — nearly 1,500 senior banking leaders, including more than 650 bankers and 200 speakers, will join us in Orlando for a conference they will not soon forget. Each year, the conference continues to grow and members of Team...
  • March 2, 2018
    CBA LIVE 2018: 10 Days Away from Retail Banking’s Premier Event – There is record attendance and 90 hours of info-packed programming at CBA LIVE 2018: Beyond the Bank. If you have not registered, there is still time to join fellow senior industry leaders at retail banking’s premier event. Each year, CBA LIVE continues to grow and I am excited by the outpouring of interest from bankers, regulators...

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