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.

  • July 15, 2019
    Re: Reserve Policy on Payment System Risk [OP-1664] Dear Ms. Misback: The Consumer Bankers Association (CBA) appreciates the opportunity to provide comments to the Board of Governors of the Federal Reserve System (the “Fed”) in response to the Notice and Request for Comment regarding the proposed extension of daily operating hours for the National Settlement Service (“NSS”) and corresponding...
  • July 1, 2019
    To Whom It May Concern: The Clearing House Payments Company LLC (“TCH”), the American Bankers Association, the Consumer Bankers Association, and the Bankers Association for Finance and Trade (collectively, the “Associations”)1 respectfully submit this comment in response to the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) Request for Information Regarding Potential Regulatory...
  • May 13, 2019
    May 13, 2019 Robert E. Feldman, Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Attention: Comments RE: Notice of Proposed Rulemaking: Recordkeeping for Timely Deposit Insurance Determination, 12 CFR §370, RIN 3064–AF031 Dear Mr. Feldman: The American Bankers Association, The Bank Policy Institute, and the Consumer Bankers Association (...
  • May 7, 2019
    Robert E. Feldman, Executive Secretary Attention: Comments Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 Re: RIN 3064-AE94 Email: comments@FDIC.gov Re: Advance Notice of Proposed Rulemaking Regarding Brokered Deposits and Interest Rate Restrictions/ RIN 3064-AE94 Dear Mr. Feldman: The Consumer Bankers Association (“CBA” or “the Association”) appreciates the...
  • May 6, 2019
    May 6, 2019 Robert E. Feldman, Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Attention: Comments RE: Notice of Proposed Rulemaking: Joint Ownership Deposit Accounts 12 CFR §330 [RIN 3064–AF04]1 Dear Mr. Feldman: The American Bankers Association, The Bank Policy Institute, and the Consumer Bankers Association (collectively, the “Associations”)2...
  • December 14, 2018
    Ann E. Misback Secretary Board of Governors of the Federal Reserve System 20 th Street and Constitution Avenue, N.W. Washington, DC 20551 Re: Docket No. OP-1625; Potential Federal Reserve Actions to Support Interbank Settlement of Faster Payments Dear Ms. Misback, The Consumer Bankers Association (CBA) appreciates the opportunity to provide input in response to the request for comment issued by...
  • October 23, 2018
    On Tuesday, October 23, 2018, the FDIC issued a press release regarding the results of the 2017 biennial National Survey of Unbanked and Underbanked Households claiming that for the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households. "The good news is that...
  • October 16, 2018
    On Wednesday, October 16, 2018, the Federal Reserve issued a press release regarding a Federal Reserve Payments Study report that the value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. The study's survey of depository institutions...
  • September 12, 2018
    September 12, 2018 The Honorable Jeb Hensarling The Honorable Maxine Waters Chairman Ranking Member House Financial Services Committee House Financial Services Committee 2129 Rayburn House Office Building 2129 Rayburn House Office Building Washington, D.C. 20515 Washington, D.C. 20515 Dear Chairman Hensarling and Ranking Member Waters: The Consumer Bankers Association (CBA) appreciates the...

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