Digital Innovation & Mobile Banking

  • December 7, 2018
    Cajun Thoughts: The Marriott breach has the potential to be one of the largest breaches in the U.S., and, yet, has not received the same volume of media coverage as others even though 500 million customers were affected. Just a reminder, retailers do not have the same GLBA standards banks have, and it is time Congress creates a level playing field on behalf of consumers… New BCFP Director …As you...
  • December 6, 2018
    The Consumer Bankers Association called this action an important first step in improving the current BSA/AML regulations and guidelines. “Giving banks the opportunity to innovate will help make our financial system more secure,” CBA President and CEO Richard Hunt said. “Criminals and terrorists are constantly evolving and using increasingly advanced methods to move money and finance their...
  • November 3, 2018
    Day After Election Call: Join us for a CBA Members-Only call on Wednesday, November 7 at 3:00 p.m. ET to discuss the 2018 Midterm Election results and impact on the retail banking industry. Stay tuned for details! Cajun Thoughts: For those of you who have been in a political race, you know the urgency of a 24 hour period, the smell of October and the distinct color of the sunset. Yes, I love...
  • October 26, 2018
    Cajun Thoughts: Comptroller of the Currency Joseph Otting’s comment at last week’s Exchequer Club lunch that “the number one reason I took the job was to make CRA better ” continues to resonate with me and many others. I am not underestimating his resolve…Seems the consumer groups are not happy with their self-described “lack of access” at the Bureau of Consumer Financial Protection . They wanted...
  • October 19, 2018
    My top takeaway this week … On Wednesday, Comptroller of the Currency Joseph Otting spent a lot of time discussing CRA modernization efforts during his talk to the Exchequer Club here in D.C. He made three key points: he is committed to CRA modernization, calling it the "Number one reason" he came to Washington ; branches are not obsolete , but the current assessment area framework can restrict...
  • September 28, 2018
    This week, Citi held their first CBA OnSite Education: MarketSim , led by Paul Leventhal , at its NYC location! This one-of-a-kind replica of a retail bank marketplace leverages a simulation to deepen understanding of the risk/reward trade-offs in developing a retail strategy, integrating customer segmentation, product offerings, pricing, delivery channels, marketing and branding. Interested in...
  • August 31, 2018
    D.C. DOWNLOAD OCC’s CRA ANPR Proposal : Comptroller of the Currency Joseph Otting is a CEO at heart and he showed it this week when the OCC issued its ANPR on the Community Reinvestment Act. The OCC issued the ANPR unilaterally, but we expect the FDIC and possibly the Fed to join in on the reform efforts before all is said and done. CBA’s Community Reinvestment Committee of almost 50 member banks...
  • August 24, 2018
    D.C. DOWNLOAD Kraninger Committee Vote : The Senate Banking Committee yesterday morning advanced Kathleen Kraninger’s nomination to run the Bureau of Consumer Financial Protection by a party line vote. The full Senate consideration of President Trump’s pick is expected sometime this fall, and will also likely break down along party lines. Following the vote, CBA released a statement encouraging “...
  • August 7, 2018
    On Tuesday, August 7, 2018, the Bureau announced that they will be collaborating with 11 financial regulators and related organizations to create the Global Financial Innovation Network (GFIN). The network will seek to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. It will also create a new...
  • July 31, 2018
    On Tuesday, July 31, 2018, the Treasury Department released a report on Fintech and Innovation, issuing broad and specific recommendations to empower consumers and to facilitate innovation in the U.S. financial system. This is the fourth report from Treasury as part of its effort to implement the President's Executive Order on Core Principles for Regulating the United States Financial System. In...

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