Richard's Rapid Fire

  • February 3, 2017
    Trump Vows to “Do a Big Number” on Dodd-Frank Planting a stake in the ground on regulatory reform, President Trump promised on Monday to “do a big number” to Dodd-Frank. Outlining his core financial principles, the President signaled to the marketplace and consumers that more regulation is not always a good thing and it is time to bring balance back to the industry. Furthering this notion, the...
  • January 27, 2017
    Busy First Week for the Trump Administration The new Administration is off and running. During President Trump’s first week in office, he announced a “regulatory freeze” for all executive departments and agencies. He also signed a host of executive orders on issues ranging from health care to immigration. With former South Carolina Governor Nikki Haley confirmed as U.N. Ambassador and Rep. Mike...
  • January 20, 2017
    Inauguration Day: What you Need to Know At this time last year, who would have thought Donald Trump would be elected to serve as the 45 th President of the United States of America? Well, today is his inauguration, and I wish President Trump all the best. Confirmation hearings for Trump’s appointees are already underway, and it is expected most will be confirmed by the Senate. Additionally,...
  • January 13, 2017
    CFPB Straight Talk Launching a campaign to deny consumers the benefits of financial reform, Sen. Elizabeth Warren is throwing fuel on the fire of an already misdirected debate regarding the future of the CFPB. Voicing strong opposition to Dodd-Frank reform, Sen. Warren is not doing consumers any favors with her rigid position. Americans from across the country understand they need financial laws...
  • January 6, 2017
    115 th Congress Settles In for 2017 What a time to be in Washington. With the new Congress gearing up for 2017, here are a few key developments to keep you in the know: Rep. Paul Ryan (R-WI) was officially reelected as Speaker of the House, beating Rep. Nancy Pelosi (D-CA) by a 239-189 vote; Republicans added Sens. David Perdue (R-GA), Thom Tills (R-NC) and John Kennedy (R-LA) to the Senate...
  • December 22, 2016
    Happy Holidays From CBA On behalf of all of us here at CBA, we would like to wish you and your family a very Merry Christmas and Happy Hanukkah. For the holidays, I am heading home to Jennings, Louisiana to visit my family, and I hope you are able to do the same. Be safe, and I look forward to catching up with everyone in 2017. A Sit-down With Our Chairman on What it Means to be a Banker Tackling...
  • December 16, 2016
    Out with the Old, In with the New President-elect Donald Trump continues to fill his cabinet with the selection of former WWE CEO Linda McMahon as the head of the Small Business Administration, CKE restaurants CEO Andrew Puzder as the Labor Secretary, and Exxon Mobile CEO Rex Tillerson as Secretary of State. Contrary to popular belief, it’s not just cabinet picks who matter. Policy making is...
  • December 9, 2016
    CBA, CUNA, NAFCU, ICBA Call for a Commission at the CFPB This week, CBA, the Credit Union National Association, the Independent Community Bankers of America, and the National Association of Federal Credit Unions, which combined represent more than 12,000 financial institutions across America, wrote to Senate leaders calling for the creation of a five-member, bipartisan commission at the CFPB. The...
  • December 2, 2016
    Breaking: OCC Moving to Create Charters for FinTech Firms The OCC today issued a White Paper detailing plans to create special purpose charters for fintech firms and is seeking comments on the various issues raised by this initiative. We applaud the OCC for their efforts to further explore chartering, and we will provide the agency with our reactions – particularly in regard to ensuring a level...
  • November 18, 2016
    Trump’s Short List Includes Individuals with Banking Experience A lot of names are being tossed around for top positions in the Trump Administration. As it relates to banking, here is what we know so far: Steven Mnuchin , a former Goldman Sachs Banker, Jamie Dimon , CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial Services Committee Chair, are reportedly the leading candidates for...

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