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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.
- October 14, 2021More than 100 associations representing a broad cross-section of financial and business interests today wrote to Senate Majority Leader Chuck Schumer (D-CA), Senate Minority Leader Mitch McConnell (R-KY), Speaker of the House Nancy Pelosi (D-CA), and House Minority Leader Kevin McCarthy (R-CA) reaffirming their opposition to a proposed tax information reporting regime that would directly impact...
- September 29, 2021 - 12:00PMPastSeptember 22, 2021 - 1:00PMPastSeptember 15, 2021 - 2:00PMPastAugust 4, 2021 - 2:00PMPastJuly 29, 2021 - 2:00PMPastJuly 19, 2021WASHINGTON – CBA President and CEO Richard Hunt today released the following statement after many of the nation’s leading financial institutions reported strong Q2 financial positions last week, highlighted by consumer spending returning to pre-pandemic levels as well as an anticipated rise in consumer borrowing: “During the worst of the pandemic-related economic shutdown, America’s leading banks...July 13, 2021 - 2:00PMPastJune 29, 2021For creditors, bankrupt accounts reduce revenue and increase non-core operating costs, but effective bankruptcy case management can help recover some of this revenue. This paper focuses on Proof of Claim (POC) filing—a necessary step in the quest to maximize recoveries. This guide will help you: Understand how POCs fit into your overall bankruptcy management strategy Identify inefficiencies in...June 22, 2021 - 2:00PMPast