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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.
- February 22, 2023 - 12:00PMUpcomingDecember 6, 2022 - 2:00PMPastOctober 25, 2022Consumer Bankers Association (CBA) President & CEO Lindsey Johnson today shared the following statement after the Federal Deposit Insurance Corp. (FDIC) released a new report that found the number of Americans without a bank account in 2021 fell to 4.5%, the lowest national unbanked rate since the FDIC survey began in 2009. "Today's report is welcomed news and a testament to the unwavering...October 13, 2022To whom it may concern, The undersigned Associations are submitting this letter to supplement comments submitted to the Federal Deposit Insurance Corporation on August 19, 2022 regarding the notice of proposed rulemaking to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of achieving a Designated...October 13, 2022Over the past several months, the Consumer Bankers Association (CBA) has urged Congress to reject consideration of the “Credit Card Competition Act,” harmful legislation that would alter the current credit routing system and deprive consumers of the safety, reliability, and rewards they’ve come to expect while using their credit card. While some policymakers in Washington remain intent on...October 6, 2022Dear Majority Leader Schumer, Minority Leader McConnell, Speaker Pelosi, Minority Leader McCarthy, Chairman Reed, Ranking Member Inhofe, Chairman Smith, and Ranking Member Rogers: The undersigned state and national trade associations, representing virtually all banks and credit unions, including those primarily serving military-affiliated customers and members, write to express our strong...October 5, 2022Driven by a desire to send and receive payments seamlessly and instantaneously, millions of consumers and small businesses are increasingly utilizing peer-to-peer (P2P) networks to meet their financial needs. America’s leading banks remain fully committed to protecting consumers’ access to safe and reliable P2P networks, while also taking tangible steps prevent fraud before it occurs across every...September 27, 2022Dear Speaker Pelosi, and Minority Leader McCarthy: The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Electronic Payments Coalition, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions, and National Bankers Association write to express our strong opposition to the “Credit Card...