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.

  • November 4, 2016
    Election 2016: What It Means For Retail Banking With the election just days away, we’ll need to start getting used to saying President Trump or President Clinton. Be sure to join Team CBA on Wednesday, November 9, 2016 at 3:30 p.m. Eastern for a 60-minute members-only webinar to get an inside look at the 2016 election and its impact on retail banks. Will there be key leadership changes in the...
  • November 4, 2016
    November 4, 2016 The Honorable Scott Tipton The Honorable Terri Sewell U.S. House of Representatives U.S. House of Representatives 218 Cannon House Office Building 1133 Longworth House Office Building Washington, DC 20515 Washington, DC 20515 The Honorable Randy Hultgren U.S. House of Representatives 2455 Rayburn House Office Building Washington, DC 20515 Dear Representatives Tipton, Sewell and...
  • November 2, 2016
    On Wednesday, November 2, 2016, the OCC released a list of Community Reinvestment Act (CRA) performance evaluations which became public during the period of October 1, 2016 through October 31, 2016. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. Of the 33 evaluations made public this month, two are...
  • October 21, 2016
    Time to Revamp the CFPB Structure Last week, a federal court decided a sitting president could immediately remove a CFPB director on a whim. This decision is concerning as it subjects the Bureau to political pressures by placing its directorship under the thumbprint of the president. In response, I penned an op-ed in USA Today calling for a five-person, bipartisan commission at the CFPB. With...
  • October 20, 2016
    On Thursday, October 20, 2016, the FDIC released its annual National Survey of Unbanked and Underbanked Households for 2015. The agency held a corresponding event to release the report and discuss its findings, which showed: Seven percent of U.S. households are unbanked and almost 20 percent are underbanked, which means the consumer has a bank account, but used an alternative financial service...
  • October 11, 2016
    October 11, 2016 Robert deV. Frierson Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, N.W. Washington, D.C. 20551 Re: Proposed Agency Information Collection Activities; Comment Request: Proposed Revision to Regulation II Debit Card Issuer Survey (FR 3064a) and Request for Comment on Information Collection Proposal Dear Mr. Frierson: The Board of...
  • October 11, 2016
    On Tuesday, October 11, 2016, CBA and other trades submitted a comment letter to the Federal Reserve Board in response to recently issued questions and proposed revisions to the biannual debit card issuer survey. The Board collects certain information to facilitate the its ongoing administration of Section 920(a) of the Electronic Fund Transfer Act and related Federal Reserve Board Regulation II...
  • October 11, 2016
    As generations mature and innovation drives new payments methods, how are preferences and needs evolving? The quarterly consumer trends survey from Fiserv provides answers and insights that financial institutions, billers and other providers can use to understand consumer needs to drive adoption, satisfaction and long-term profitable relationships. Key findings include: consumers overwhelmingly...
  • October 7, 2016
    CBA Members Help Those Impacted by Hurricane Matthew During hurricane season, CBA members are making every attempt to provide for their customers, employees, and communities impacted by Hurricane Matthew. Many of our members are offering consumers mobile banking options, fully stocked ATM networks, access to customer call centers and timely information posted to their website and social media...
  • October 5, 2016
    On Wednesday, October, 5, 2016, House Financial Services Committee Ranking Member Maxine Waters (D-CA) led ten other Democratic members in a letter to several governmental agencies expressing the need to strengthen rules regarding incentive-based compensation at financial institutions. The letter, was sent to the Federal Reserve, OCC, FDIC, National Credit Union Administration, Federal Housing...

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