Blog

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  • February 6, 2015
    Wennes Rolls Out CBA's 2015 Legislative and Regulatory Agenda CBA's Board of Directors Chairman Tim Wennes unveiled our 2015 legislative and regulatory priorities to the media on February 4, 2015 at CBA's world headquarters. Tim covered the state of the retail banking industry, the depth and impact of our member banks on the economy, and the health of small business lending. I discussed our push...
  • January 30, 2015
    Cybersecurity Front and Center in Congress Committees in both the House and Senate have begun examining what legislation may entail to protect consumers from future data breaches at retailers and other businesses. Senate Homeland Security and Government Affairs Committee Chairman Ron Johnson (R-WI) is expected to draft legislation on information sharing, which was the focus of his Committee's...
  • January 23, 2015
    Supreme Court Will Not Review Debit Interchange Case This week the long debate over debit interchange fees came to a conclusion as far as the court system is concerned. The U.S. Supreme Court decided not to disturb a previous court of appeals decision in NACS v. Board of Governors of the Federal Reserve System . The court of appeals had rejected the retailers' efforts to increase further the $6...
  • January 16, 2015
    CFPB Requests Input on a "Safe Student Account Scorecard" This week the CFPB released a request for input on a "Safe Student Account Scorecard." Many of the concerns outlined in the CFPB's request for information are based on an antiquated PIRG study which primarily focuses on the wrongdoings of one non-bank institution and are not based on the actions of our depository institutions. As you well...
  • 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...

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