Richard's Rapid Fire - March 29, 2019


CBA LIVE 2019: The Currency of NOW

Record Attendance: 1,600+ Attendees. 750+ Bankers.

See you all on Monday!


Cajun Thoughts: Cajun Thoughts: CBA LIVE 2019 For those attending the record-setting CBA LIVE 2019, while there will be much substantive dialogue, you will also be treated to our usual fun fest. Many surprises are in store! And, of course, don’t forget to pack your jeans! Arthur J. Morris. Record Attendance. 90 Hours of Programming. Gilligan.. Brian Moynihan. Thasunda Duckett. Jelena McWilliams. Joseph Otting. Todd Barnhart. Jerseys. Cybersecurity. Privacy. Puppies. Baseball. Decision Makers. President Warren? We have it all! … APPLE/GOLDMAN CREDIT CARD I believe the new Apple card got much more media attention than it deserved. Many of our members offer fairly similar products. It was overblown … MEETING WITH DIRECTOR KRANINGER I had a chance to meet one-on-one with CFPB Director Kathy Kraninger this week who will be meeting with our Board of Directors at CBA LIVE. Without a question, she is in full control of the Bureau and I think she will have a great five year run. Speaking of CFPB, we are now hearing former Director Richard Cordray is writing a book … CALIFORNIA LAWMAKER EXPLORES STATEWIDE CFPB Assemblywoman Monique Limon (D-Santa Barbara), who chairs the Banking and Finance Committee, is considering creating a new agency similar to the federal CFPB. Stay tuned … FDIC HIRES FIFTH THIRD LAWYERS Two notable hires at the FDIC – Nick Podsiadly as General Counsel and Leonard Chanin as Deputy to the Chairman. It’s great to see Chairman McWilliams, who will be speaking at CBA LIVE, has left her mark on the FDIC by recruiting like-minded people with valuable experience. While it may not be great for Fifth Third to lose hardworking employees, they should keep in mind they sent some of their best to the FDIC … BILLIONS REMINDER Season 3 of Billions has started!




T-minus 3 DAYS until CBA LIVE 2019 will kick off in Washington, D.C.


Each year, CBA LIVE continues to grow and I am excited by the outpouring of interest from bankers, regulators and industry leaders. We surpassed 1,600 industry representatives, including more than 750 senior-level bankers and high-profile regulatory leaders – both new records!


Remember to follow @ConsumerBankers #CBALIVE on Twitter for timely information, event updates and announcements. Don’t have a Twitter account? Create one! @CajunBanker could be your first follower…


The event offers more than 90 hours of info-packed programming on must-attend, top-of-mind sessions covering Auto Finance, CFPB, Community Reinvestment, Default Management, Deposits & Payments, Digital Channels, Fair & Responsible Banking, Home Equity Lending, Internal Audit, Risk Management, Student Lending, Small Business Banking and Talent Management.


On Tuesday, CBA will present the Joe Belew Award to the CBA member bank applicant with the most innovative and impactful small business initiatives, highlighting its "Currency of NOW" efforts in the community.


CBA will also recognize Chris Manderfield of KeyBank, the top student from CBA's Executive Banking School with the Tem Woolridge Award


CBA LIVE At Your Fingertips: Optimize your experience with our CBA LIVE 2019 App!


Download on iTunes or Google Play.


Don't forget to pack your jeans! Mr. Morris might have started CBA, but he did not set the dress code so leave the suits and ties at home.



CBA Calls for Bipartisan Commission at CFPB, Other Reforms: CBA wrote House Financial Services Chairwoman Maxine Waters and Ranking Member Patrick McHenry in advance of the committee’s markup of H.R. 1500, the Consumers First Act on Tuesday. In addition to stressing the need for an independent Student Loan Ombudsman at the CFPB and reforming the complaint database, CBA again stressed the need for the Bureau to be led by a bipartisan commission.


Our primary position remains that Congress should depoliticize CFPB operations by replacing the single director with a bipartisan multi-member Senate confirmed commission. A commission of individuals with diverse experience and expertise related to consumer financial products and services would elevate CFPB functions and transparency by providing an open debate of differing ideas, viewpoints, and solutions, encouraging all sides to contribute to carefully conceived and lasting solutions for consumers.


A full copy of the letter is available here.


On the role of the Student Loan Ombudsman, CBA noted that for several years the ombudsman has also led the Office of Students. Since an ombudsman should be impartial, this shared role creates a conflict of interest.


CBA also noted its support for “policy that would limit the public dissemination of unsubstantiated information submitted through the CFPB complaint database that could have unintended consequences on bank and consumers.”


Congressional Update: Looking ahead…Heads of the nation’s largest banks are scheduled to testify before the House Financial Services Committee on April 10, 2019 and there will be a Community Reinvestment Act hearing on April 9, 2019.

Stephanie Smith to Lead Fifth Third D&I: Fifth Third Bank this week named bank veteran Stephanie Smith its new Chief Inclusion & Diversity Officer. With the bank for 21 years, Smith facilitated the Supplier Diversity Program recognized by Minority Business News as one of the Best of the Decade; by Diversity Plus Magazine for accomplishments in directing supplier diversity initiatives; and by Women’s Business Enterprise National Council as one of America’s Top Corporations. Team CBA looks forward to your continued success!


Equifax, FICO Partner to Sell Consumer Data: CBA Premier Sponsor Equifax and Associate Member FICO announced plans to jointly pitch each other’s services to banks. The long-time competitors believe selling their services together will maximize efficiency for lenders making underwriting decisions. The companies already sell their services to banks, but the partnership will help lenders decide whether to pitch a plain credit card to a customer versus a premium rewards card, in addition to helping screen account applicants. Learn more here.


Happy Birthday Mark Pregmon: Co-Chair of CBA’s Associate Membership Council and former CBA Board Member Mark Pregmon of PNC celebrated his birthday Wednesday. Mark is also a graduate of CBA Executive Banking School and has PERFECT CBA LIVE attendance! See you in a few days to celebrate!




CBA’s State of the Week is NORTH DAKOTA where more than one out of every ten residents banks with a CBA member! CBA members in the North Dakota hold $7 Billion in total assets, employ 4,000 people, provide $200 Million in small business loans and serve 100,000 customers. Check out our state by state numbers here.