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View from CBA December 20, 2013
Happy Holidays from CBA!
From everyone at Team CBA, we wish you and your family a Merry Christmas and a Happy New Year! We hope you find some much deserved time to recharge and relax with your loved ones.
2013 has been a tremendous year of growth for CBA and it could not have been possible without the support of you – our members. The New Year will be both exciting and challenging with many events already on the books: CBA LIVE (March 31-April 2, 2014) GSRBM at Furman University (July 20-30, 2014), and several In-Bank Training sessions. Rapid Fire and CBA’s Weekly Report will return the week of January 6, 2014.
Measure One Report on Private Student Loans
MeasureOne released its Private Student Loan Report – 2013, which is a comprehensive study of the private student loan market, and reveals a smaller private sector student loan market and positive performance trends.
This report shows private student loan lenders are providing loans responsibly to our country’s students. Thanks to commonsense underwriting by lenders, there have been positive trends in private loan performance over the past 5 years; most notably only 3 percent of private loan borrowers are seriously delinquent on their payment obligations. In contrast, federal student loan default rates continue to rise at an unconscionable rate. With over $1 trillion in outstanding federal student loan debt, students - and the taxpayers who foot the bill - are done a great disservice when defaults occur. The federal government, with leadership from the CFPB, should learn from the long-standing best practices the private student loan market has used to best serve our nation’s students.
Early Bird Registration for CBA LIVE – January 10, 2014
CBA LIVE 2014 is just around the corner, so take advantage of our early bird registration offer which will save you $300. At CBA, we have a motto: “If you’re not early, you’re late.”
Red(Vision) has joined CBA, making them the 14th associate member added to CBA’s roster this year.
News and Notes
Gary M. Crosby has been named President and Chief Executive Officer at First Niagara Bank, a post he has held on an interim basis since March 2013.
Alex Jimenez, Senior Vice President and Director of Digital Channel Management at Rockland Trust Company, has become the Vice-Chair of CBA’s Digital Channels Committee.
Robert J. Johnson, BB&T’s General Counsel, Secretary and Chief Corporate Governance Officer, has been named a member of the bank’s 12-member Executive Management Team.