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Richard's Rapid Fire - August 11, 2017
Rumor Mill Churning: Will Cordray Run for Governor of Ohio?
I cannot read my morning press clips, or anything from an Ohio news outlet for that matter, without seeing coverage of Richard Cordray’s speculated departure as head of the CFPB to run for Governor of Ohio. One thing is for certain – his days atop the agency are numbered. His term expires in 2018, and President Trump will have an opportunity to nominate a successor. As the CFPB’s leadership structure once again returns to the limelight, it is important Congress implement structural changes at the agency by establishing a bipartisan commission.
Last Minute Small-Dollar Rule Drop Before a Cordray Exit?
Arbitration. overdraft study. Next up – small-dollar? The last major rule we expect the Bureau to release before Director Cordray’s term expires is its small-dollar rule. However, if Cordray steps down, the rule would most likely be issued before he departs – or not at all. As questions swirl, we will continue to keep a keen eye on these developments.
CBA Chair-Elect Brad Conner Talks Student Lending With Boston Globe
Previewing his upcoming CBA Chairmanship, Citizen’s Brad Conner spoke with The Boston Globe about 2018 priorities, including student lending issues. You may read about it here (Please scroll down a bit). Brad will assume the gavel in September, 2017.
Now Accepting CBA LIVE Speaker Proposals
Calling all dynamic speakers! Be a part of CBA LIVE 2018, March 12 – 14 at the Hilton Bonnet Creek in Orlando. We are looking for speakers offering fresh, innovative content to join retail banking’s premier event. If you are looking to share your perspectives and concepts with retail banking leaders, submit your proposal today. The deadline for submissions is September 1, 2017.
CBA’s Mike Allen Talks Banking With Harland Clarke Executives
This week, CBA’s Mike Allen spoke to Harland Clarke’s Bank Executive Forum group about the state of the banking industry. Mike spoke on the following topics:
- Branch Transformation;
- Top line revenue growth;
- Deposit growth;
- Talent acquisition; and
- The impact of technology.
Thank you Harland Clarke for hosting Mike.
Special thanks to the CBA Executive Banking School Faculty for their dedication to educating future banking leaders.
Membership Spotlight: D.C.’s Verizon Center Changing Name to Capital One Arena
Capital One is moving closer to the CBA Team. Well, sort of. Just a few blocks away from CBA, D.C.’s Verizon Center is being renamed the Capital One Arena. I look forward to seeing the Capital One logo affixed atop this local entertainment hub. Congrats!
Three Things to Know to Be in The Know
Students, loans, banks (Interview with CBA Chair-Elect Brad Conner)
After nearly 40 years in the banking industry and a decorated career at Huntington Bank, longtime CBA Auto Finance Committee Chair Nick Stanutz has announced his retirement later this year. Nick it has been a pleasure working with you, and I wish you well in retirement. The industry will certainly miss you.
Jennifer Zatkos was promoted to Administrative Vice President at M&T Bank. She is a graduate of CBA Executive Banking School.
CBA OnSite Faculty member Paul Leventhal (L) lead a spirited discussion on Provision to Loan Loss calculations with Wells Fargo students this week in San Francisco.