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Data security and, specifically, the safeguarding of personal financial information, are primary concerns for consumers and their banks. Banks have consistently been rated highly in surveys of consumer confidence regarding security of customer information, while continuing to develop innovative methods of fighting identity fraud. CBA supports national uniformity for information security rules, rather than allowing a patch-work of state and local laws and regulations. CBA advocates clear, uniform and flexible rules that will facilitate compliance and provide latitude for fraud experts at financial institutions to continue to create dynamic solutions to address the challenges of information security.
- April 14, 2014April 11, 2014CFPB Attempts to Level the Playing Field We were glad to have CFPB Deputy Director Steven Antonakes at CBA LIVE last week where he made some news. In his remarks at the general session on April 2, 2014 he stated: “We are now increasingly able to level the playing field between banks and their nonbank competitors for the first time. These changes are most notable for the nonbank institutions, but...April 9, 2014March 28, 2014CBA LIVE 2014 – It’s Here and Good Weather Guaranteed! CBA LIVE 2014: Red, White + Banking is just 2 days away! Not only will we have record attendance at this event, but some of the best weather D.C. has seen in months. Join us Sunday night for an evening of fun with the Capitol Steps to help kick things off. We are looking forward to seeing everyone in their red, white and/or blue attire on...March 18, 2014RE: Request for Information, National Technical Information Service, U.S. Department of Commerce, Docket Number: [140205103-4103-01] Dear Mr. Hounsell: The Consumer Bankers Association (CBA) appreciates the opportunity to comment on the National Technical Information Service’s (NTIS) Request for Information (RFI) seeking public comments regarding the establishment of an NTIS certification program...March 14, 2014MasterCard Joins CBA as Premier Sponsor MasterCard Worldwide has joined CBA as a Premier Sponsor, meaning a year-round commitment to CBA and the retail banking industry as a whole. We are proud to have them join Black Knight Financial Services, Equifax, Fiserv, and Novantas as Premier Sponsors of CBA, and rely on this select group of sponsors for industry insight, research and thought leadership...February 28, 2014House Tax Reform Package Includes Bank Tax This week House Ways & Means Committee Chairman Dave Camp (R-MI) proposed comprehensive tax legislation. While both House Speaker John Boehner (R-OH) and Senate Minority Leader Mitch McConnell (R-KY) have downplayed any chance of a tax package passing this year, the banking industry should be concerned by a tax on banks and certain financial...February 17, 2014February 3, 2014Re: Hearing Titled “Safeguarding Consumers’ Financial Data” Dear Chairman Warner and Senator Kirk: The undersigned organizations representing the financial services industry are writing to commend you for holding this hearing on the recent breaches of sensitive consumer financial and personal information at several major retailers across the country. The financial services industry stands ready...January 24, 2014Target Breach Impacting Banks Banks have proactively replaced millions of customers’ cards and allocated significant resources to correct a problem that, by all appearances, was not of their making. This comes at no small cost, and Target needs to take the financial responsibility. According to data collected from CBA member banks, it has not been cheap to replace these credit and debit cards...