Richard's Rapid Fire

Richard’s Rapid Fire is among the many benefits of CBA membership. To learn more about CBA membership or to join, click here.

  • January 22, 2016
    Cordray to Offer Keynote at CBA LIVE We are pleased to announce CFPB Director Richard Cordray will join us for CBA LIVE 2016. A man who needs no introduction, Director Cordray will join me on the big stage on Wednesday, March 9, 2016, to discuss all things CFPB. Remember, if you have not registered yet, it is not too late! CBA LIVE 2016: Leadership Unplugged takes place March 7-9 in Phoenix, AZ...
  • January 15, 2016
    Disruption Is the New Norm – ESPN is Next? On Wednesday, the Washington Post reported some daunting news for ESPN—one of my favorite networks. It seems “The Worldwide Leader in Sports” is no more free from disruption than banking. In banking this week, new data highlighted just how significant the shift has been from branch banking to mobile banking. According to a new survey by Javelin Strategy...
  • January 8, 2016
    Impending Deputy Director Appointment Highlights Key Flaw at CFPB Let's start 2016 off with a trivia question. Can you name a federal agency where the Director or Chair is allowed to handpick their successor without Senate confirmation or a presidential appointment? If you guessed the Securities Exchange Commission, the Federal Deposit Insurance Corporation, or the Consumer Product Safety...
  • December 18, 2015
    Thankfully Congress Wraps Up 2015 Earlier this month, Congress chose political expediency over sound policy by voting to pay for the highway bill with a tax on banks, rather than gasoline. Many of us were hopeful cooler heads would prevail and this policy would be walked back in this week's final, year-end spending package, also known as the omnibus. Congress also had the opportunity to advance...
  • December 11, 2015
    T-Minus 7 Days to CBA LIVE Early Bird Deadline Our committees have been heads down planning a host of sessions for CBA LIVE, which will now feature 11 concurrent tracks including our first-ever Risk F orum. View the session lineup for each forum as well as the full event program to customize your CBA LIVE experience. Just like the holidays sneak up on you, so does our Early Bird registration...
  • December 4, 2015
    NY Times : Free Tuition Is Not the Answer Catharine Hill, president and professor of economics at Vassar College, penned a very interesting op-ed in the New York Times this week to explain why free tuition is not a silver bullet for our college affordability problems. President Hill noted, "...if our real goal is to improve college access and affordability for students from low- and moderate-...
  • November 20, 2015
    Happy Thanksgiving! We are truly blessed to live in such a wonderful and free country and work in an industry helping people with their financial needs in a responsible manner. The entire CBA Team wishes you and your family a wonderful Thanksgiving. Report: Errors Abound in CFPB's Complaint Portal This week, American Banker published a very disturbing story outlining a host of problems with the...
  • November 13, 2015
    Keep it Going... Thank a Vet Thanking a veteran should not be a one-day thing. As we approach the holiday season, take a moment to thank our military personnel—retired and present—and their families for their service and commitment to our great Nation. Marketplace Lending As marketplace lending continues to expand, regulators have begun to turn their attention to this fast growing industry. Late...
  • November 6, 2015
    House Kills Fed Dividend Cut in Highway Bill This week, with newly elected Speaker Paul Ryan at the helm, the U.S. House of Representatives passed a six-year transportation funding bill . In July, the Senate passed its version of this bill, but with one key difference: a controversial funding measure which would reduce the dividend banks receive from the Federal Reserve (from 6 percent to 1.5...
  • October 30, 2015
    M&A Activity Hits Highest Level Since Financial Crisis M&A activity picked up this week with the announcement of two mergers. This morning, news broke pertaining to the merging of CBA member banks KeyCorp and First Niagara. This deal is valued at approximately $4.1 billion. Yesterday, New York Community Bancorp, Inc. announced it was acquiring Astoria Financial Corp. for $2.0 billion. As...

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