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CBA is committed to the goal of expanding financial education and improving consumers' understanding of the complexities of consumer financial services-whether in mortgages, credit cards, student loans, deposit products, or all the myriad ways in which consumers interact with financial services in this complex economy.
- December 15, 2016On Thursday, December 15, 2016, at the 2016 CFPB Research Conference, Director Richard Cordray announced a web-based tool to help the public monitor developments in consumer lending and track trends over time. The “ Consumer Credit Trends ” tool, which currently is in the beta stage, covers mortgage, credit card, auto loan, and student loan markets, and uses data from one of the top three...November 29, 2016“Where do we start?” is a question institutions often ask when preparing for an upcoming regulatory exam. This article examines the answer to that question through an operational lens with a focus on how to prepare. It outlines recommended core functions, processes and organizational approaches to achieve exam readiness. www.bridgeforce.comNovember 18, 2016Trump’s Short List Includes Individuals with Banking Experience A lot of names are being tossed around for top positions in the Trump Administration. As it relates to banking, here is what we know so far: Steven Mnuchin , a former Goldman Sachs Banker, Jamie Dimon , CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial Services Committee Chair, are reportedly the leading candidates for...November 10, 2016 - 2:00PMPastNovember 3, 2016 - 2:00PMPastOctober 31, 2016On Friday, October 31, 2016, the CFPB released its 2016 Financial Literacy Report and “ one-pager .” The report outlines the Bureau’s financial literacy strategy, financial education initiatives, and research initiatives. In terms of education initiatives, the CFPB discusses the following resources: Ask CFPB, Paying for College, Planning for Retirement, Know Before You Owe: Take control of your...October 26, 2016 - 2:00PMPastOctober 25, 2016 - 2:00PMPastOctober 13, 2016This week, the FDIC issued a press release announcing a meeting of its Advisory Committee on Economic Inclusion has been scheduled for Thursday, October 20, 2016. The group plans to discuss the release and results of the FDIC National Survey of Unbanked and Underbanked Households. Other topics included on the Committee’s agenda include “Initial Lessons from FDIC Youth Savings Pilot,” as well as “...September 21, 2016 - 2:00PMPastAccording to the Center for Financial Services Innovation, more than half of American adults struggle financially on a recurring or occasional basis. To cope, consumers are using alternative sources to meet their financial needs—instead of turning to their banks.To more proactively support your customers, it is time to empower them to keep their financial health intact through point in time...