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.
September 6, 2018On Thursday, September 6, 2018, the 18 th Annual Bank Research Conference at the FDIC commenced with Chairman McWilliams’ opening remarks. The conference was strictly academic but prestigious and competitive within the field of economics; this year over 450 papers were received and only 20 were selected for presentation. Below are highlights from the remarks: Chairman McWilliams kicked off the...
August 16, 2018Mastercard POV on the “push payments” category, which, includes Fast ACH and peer-to-peer platforms, has created opportunities for push-to-card B2C payment scenarios where companies are able to use real-time payment solutions to send money directly to a debit card.
August 6, 2018Booker wants to bar banks from charging ‘unfair’ overdraft fees By Joe Hernandez August 6, 2018 In a move to end an “unfair” practice he said traps consumers in a “vicious cycle of poverty,” U.S. Sen. Cory Booker of New Jersey has introduced a bill that would prohibit banks from charging customers certain overdraft fees. When an account holders cut a check or swipes a debit card for a transaction...
July 27, 2018CBA EBS UPDATE Great Start at CBA Banking School! - Like I said last week, CBA Executive Banking School is a highlight of my year. The energy the students (more than 300 in total with a bumper crop of 137 freshman) and faculty bring is inspiring. I always leave more optimistic than ever about the future of retail banking. EBS, which kicked off on Sunday at Furman University in Greenville, S.C.,...
July 12, 2018July 12, 2018 The Honorable Jelena McWilliams Chairman, Federal Deposit Insurance Corporation 550 17th St NW Washington, DC 20006 Dear Chairman McWilliams: The Consumer Bankers Association (CBA) requests the Federal Deposit Insurance Corporation (FDIC) rescind its 2013 guidance on deposit advance products (DAP). Historically, federal banking regulators have encouraged banks to help finance these...
June 13, 2018Pricing remains a top influencer of consumer behavior and an important lever for growth in the banking industry. While banks understand that their customers have varying degrees of price sensitivity, and bankers work hard to retain their pricesensitive customers—especially when there is a known risk that the customer may switch to a competitor—banks generally lack a holistic strategy to predict...
May 9, 2018May 9, 2018 Mr. Kenneth A. Blanco, Director Financial Crimes Enforcement Network P.O. Box 39 Vienna, VA 22183 Re: Compliance for Customer Due Diligence Rule Dear Director Blanco, The Consumer Bankers Association (CBA) [1] fully supports efforts by the Financial Crimes Enforcement Network (FinCEN) to crack down on illegal activities through its final customer due diligence rule (CDD rule). While...Pages
CBA Letter of Support for HFSC Markup - H.R. 6743, H.R. 6158, H.R. 5534