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Richard's Rapid Fire - February 19, 2016
Can you feel the heat? Just two weeks left until CBA LIVE. This week's weather forecast for Phoenix is looking pretty good.
CBA LIVE 2016 On Track for Record Attendance
With just two weeks until the big day, CBA LIVE 2016 is on track to be one for the record books. The agenda is set. We have our plane tickets. And we will soon pack our bags, remembering not to forget our jeans. The exhibit hall is sold out! We have a record number of bankers registered, a record number of regulators, and, if we continue our current pace, 2016 will be our sixth straight year of record attendance.
If you are joining us in Phoenix, be on the lookout for our “Trip Tips” emails, where you will find details and information to help customize and prepare you for the CBA LIVE experience. If you have not registered yet, there still is time. Visit www.cbalive.info for full details.
CBA's Assistant Vice President in Finance, Danni Lu, shared her word for leadership this week. What's yours? Tell us on Twitter @consumerbankers using #CBALIVE and #leadership. Not on Twitter? Email it here!
The Future of Banking, As I See It
For those of you who are Rapid Fire enthusiasts, my take on the state of the retail banking industry should come as no surprise. The economy, the regulatory environment, and advancements in technology have greatly disrupted the industry. As I recently told the American Banker, any one of these disruptions would have been monumental, but the combination of all three at once has created the perfect storm. The unfortunate result will be mass consolidation in the years to come. As we all strive to serve consumers in new ways—as they demand, it will be exciting to see how our nation, economy, and consumers benefit from this transformation.
The Ebb and Flow of Presidential Politics
Presidential elections are a funny thing. Last week, thanks to Bernie Sanders, it looked like “Wall Street” would be the 2016 theme. This week, with the unfortunate passing of Supreme Court Justice Antonin Scalia, it looks like talk of his successor could dominate the cycle. Any guesses as to what next week will bring?
Curb Your Enthusiasm? Not When It Comes to CBA
If you are like me, Twitter is a great source for news, sports, and politics. This week, given all the tweets and retweets, it also served as a great reminder about CBA webinars. Big thank you to everyone at FICO for being so active in promoting their webinar on Twitter. With more than 120 registered for the event, Joshua Schnoll, Senior Director of Product Marketing for FICO, presented on the “Nine Insights That May Surprise the Most Seasoned Banker.” The webinar discussed a consumer behavior study, the impact of changing markets on alternative lenders, and how best to communicate with consumers.
Welcoming Our Newest Associate Member
I am pleased to announce that ValuAmerica, Inc. has joined CBA as our newest associate member. From everyone at CBA – welcome to the family!
Three Things to Know to Be In the Know
John Steward was hired as President of Retail Payments Solutions division by U.S. Bancorp.
Mark Jorgenson was promoted to Head of Community Banking by U.S. Bank.
This week, CBA Executive Banking School faculty member Malcom Myers of Mainsource Financial Group (Left) and CBA's Mike Allen (Right) met this week in Indiana discuss MarketSim, a component of CBA's Advanced Education initiatives.
CBA's Branch Transformation Working Group discussed key issues before meeting with the OCC this week in Washington, DC.