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.

  • January 15, 2016
    Disruption Is the New Norm – ESPN is Next? On Wednesday, the Washington Post reported some daunting news for ESPN—one of my favorite networks. It seems “The Worldwide Leader in Sports” is no more free from disruption than banking. In banking this week, new data highlighted just how significant the shift has been from branch banking to mobile banking. According to a new survey by Javelin Strategy...
  • January 13, 2016
    On Thursday, January 13, 2016, the CFPB announced it will hold a filed hearing in Louisville, KY concerning access to checking accounts. The hearing will take place on Wednesday, January 27, 2016 at 11 a.m. EST, and is a follow-up to the agency’s October 2014 forum on checking account access and screening.
  • January 13, 2016
    Wall Street is confronting a presidential election unlike any it has seen: One in which the banking industry is denounced by candidates on the left and the right. The banker-bashing is prompting uncertainty and disagreement in the industry about how, or whether, to respond. Democratic challenger Bernie Sanders has said “fraud is the business model of Wall Street,” while party front-runner Hillary...
  • December 17, 2015
    The Federal Reserve has just raised its benchmark Fed Funds rate by 25 bp — after seven long years at rock bottom. Overall, banks are breathing a huge sigh of relief, with the expectation of higher loan yields and revenue. But deposit gathering bankers must now face the reality of how to set deposit rates in response to rising interest rates — and in light of significant changes in regulation,...
  • November 13, 2015
    Keep it Going... Thank a Vet Thanking a veteran should not be a one-day thing. As we approach the holiday season, take a moment to thank our military personnel—retired and present—and their families for their service and commitment to our great Nation. Marketplace Lending As marketplace lending continues to expand, regulators have begun to turn their attention to this fast growing industry. Late...
  • November 10, 2015
    Washington, D.C. (November 10, 2015) – In honor of the service and sacrifice our nation’s active duty service members, veterans and their families, the retail banking industry has committed to a number of programs to help them as they continue their missions or transition to civilian life. These programs include job training and hiring, small business funding, affordable housing, and financial...
  • October 21, 2015
    Statement for the Record On behalf of the American Bankers Association Consumer Bankers Association Credit Union National Association Financial Services Roundtable Independent Community Bankers of America National Association of Federal Credit Unions before the Small Business Committee United States House of Representatives Chairman Chabot, Ranking Member Velazquez, and members of the Committee,...
  • October 16, 2015
    October 16, 2015 The Honorable Steve Chabot The Honorable Nydia Velazquez Chairman Ranking Member Committee on Small Business Committee on Small Business Washington, D.C. 20515 Washington, D.C. 20515 Dear Chairman Chabot and Ranking Member Velazquez: On behalf of the 14,000 banks and credit unions of all sizes that are taking on criminal hackers by issuing payment cards with highly secure “EMV”...
  • October 15, 2015
    October 15, 2015 Dear Representative: Well publicized data breaches have rightly focused Congress’s attention on consumer data security, and as we transition to the use of EMV “chip” payment cards, many in Congress have again focused on this issue. We are proud to be leading the way to achieve a safer and more secure payment system, and the adoption of EMV technology is an important part of that...
  • July 1, 2015
    July 1, 2015 Via Electronic Delivery Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW. Washington, DC 20551. Re: Docket No. OP-1515; Enhancements to Federal Reserve Bank Same-Day ACH Service; Request for Comments Dear Mr. Frierson: The Clearing House Association L.L.C., the American Bankers Association, the Consumer Bankers...

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