Deposits & Payments
Deposit growth and strategies have always been a core focus of retail banks. Today's volatile economic climate - with consumers relying less on credit products and more on deposit account services - brings deposit growth and account management to the forefront. As technology and consumer needs evolve, so does the concept of payments. With innovations such as virtual wallets and other forms of digital currency comes new and unique challenges for the payments space. CBA monitors and addresses the issues facing retail banks in the management of the deposits and payments functions.
- May 11, 2022 - 2:00PMPastApril 13, 2022Crypto-related perceptions and products continually evolve as digital currencies gain momentum and mainstream popularity. As the market matures, questions arise about crypto’s role in the future of finance and commerce, and what the role of traditional financial institutions will be in this new era. This paper offers a data-driven exploration into the evolving landscape of crypto, drawing from an...March 22, 2022This Friday, the Consumer Financial Protection Bureau (CFPB) will receive input from stakeholders in response to its December Request For Information (RFI) on the business practices of leading fintech companies offering “buy now, pay later” (BNPL) credit. Here’s what’s happening, why it matters, what they’re saying and how the CFPB can help promote a safe and competitive BNPL marketplace. What’s...February 24, 2022This morning, Citigroup became the latest bank to announce sweeping changes to their overdraft policies, joining a growing share of CBA members who have unveiled innovative overdraft solutions to meet evolving consumer demands. As a result, families now benefit from the ability to choose a financial institution within the highly competitive banking industry that offers the financial tools that...January 26, 2022Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) launched a new initiative examining fees charged by banks and financial companies: “This is fuzzy math at its best and political theater at its worst, and another attempt by the Bureau to fearmonger without any credible data to back it up...December 15, 2021 - 1:00PMPast
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CBA Comment Letter on BNPL RFI