Richard's Rapid Fire

  • January 9, 2015
    CBA LIVE 2015 – Early Bird Registration Ends Today! Reminder – your opportunity to save $300 on CBA LIVE ends today so be sure to register. You also should take a moment and make your hotel reservation . We have reserved blocks of rooms at both the Hilton Bonnet Creek and the Waldorf Astoria – the meeting space for CBA LIVE is in the middle and connected to both hotels so you may stay at either...
  • December 19, 2014
    The entire CBA Family wishes everyone a wonderful Holiday Season and I hope you all have the opportunity to spend some time out of the office to rest in advance of 2015. I am looking forward to being in Jennings, LA with family. As always, I will visit a community bank, Wal-Mart (multiple times), payday lenders, the Boudin King, and the Ragin' Cajun Bookstore to check out the latest happenings...
  • December 12, 2014
    Government Funding Bill Offers Peak into Future Dodd-Frank Tweaks One of the last must-do items for the 113th Congress is to pass a bill to fund the Federal Government before they adjourn. Many in Washington see this as the last train leaving the station and have taken the opportunity to attach riders to the bill covering issues as varied as increased donation limits to national political parties...
  • December 5, 2014
    RATS!!! CBA and AOL Finance Optimism Index Falls 9.4 Points in October The CBA/AOL monthly Finance Optimism Index dropped to -5.3 points in October, erasing gains from September, which saw the Index's highest point to date. Americans' level of optimism declined across all four questions of the Index. The percentage of respondents strongly agreeing they were worried about their current financial...
  • November 21, 2014
    Which Elvis Are You? It may seem like a silly question, but "Which Elvis are you?" Are you the new hip act with catchy songs and dancing no one has ever seen before, attracting fans across the globe? Or are you yesterday's news, relying on shiny jumpsuits and gold chains to distract from your lumbering presence? These are the questions banks must ask themselves in this time of unprecedented...
  • November 14, 2014
    CFPB Proposes New Rules on Prepaid Products The CFPB released a proposal to tighten regulations on prepaid cards at a field hearing on Thursday, November 13, 2014 in Wilmington, DE. Prepaid cards improve access to financial services for consumers and empower them with a convenient and low cost product. CBA has long supported clear and informative disclosure of fees and account terms for prepaid...
  • November 7, 2014
    Election Day Membership Call Recap Tuesday was a historic day as the GOP took control of the U.S. Senate and expanded its majority in the House to the largest amount since 1928. With a new majority comes new leadership. Sen. Richard Shelby (R-AL) is poised to become chair of the Senate Banking Committee for the next two years, while Rep. Jeb Hensarling (R-TX) remains as House Financial Services...
  • October 31, 2014
    Fed OIG Report on CFPB Released The U.S. Federal Reserve's Office of the Inspector General (OIG) released a report this week entitled, "The OIG's List of Major Challenges for the CFPB." The report's findings include: The CFPB still has yet to meet internal goals for the timely issuance of examination reports. The OIG rightly notes delays "...leave supervised institutions uncertain about the CFPB'...
  • October 24, 2014
    The thoughts and prayers of Team CBA are with our Canadian friends during this time of mourning. We stand with them against terrorism and extremism. 2015: The Year of Perfecting the CFPB The upcoming midterm elections and a possible flip of Senate control gives us a fresh opportunity to look at the structure of the CFPB in 2015. I sat down with Marc Hochstein, Editor-in-Chief of American Banker...
  • October 17, 2014
    Regulators: A "Spaghetti Junction" Citigroup's Chairman Michael O'Neill shared some keen observations on the state of our nation's federal banking regulators at a panel sponsored by the Volcker Alliance this week in Washington, D.C. Calling the current regulatory regime a "spaghetti junction," he suggested the system would be better off by combining the Federal Reserve, the Federal Deposit...

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