CBA Reports is a source of news for the financial services industry published by the Consumer Bankers Association. Each month, CBA Reports provides updates and analysis of legislative and regulatory activities that effect retail banking. With a focus on CBA's priority issues, CBA Reports keeps members abreast of developments regarding consumer lending issues such as Community Reinvestment Act compliance, the Fair Credit Reporting Act, mortgage lending, fair lending, student lending and financial literacy.
 

  April 2009

  

CBA Recommends Fed Use “Opt-Out” Option in Overdrafts/Debit Hold Rule  More than 20 banks participated in a conference call about the Federal Reserve’s proposed rule that would cover transactions that trigger overdrafts and debit card holds. The purpose of the call was to provide CBA’s government relations team with input on preparing a comment letter in response to the proposal.

GSRBM: Transforming the First-Session Curriculum  This summer, first-year students at the Graduate School of Retail Bank Management will experience a new curriculum format that allows students to learn through active hands-on application, instead of learning exclusively through classroom lectures. 

Federal Takeover of Student Loans a Grave Mistake  Budget resolutions recently passed by the House and Senate allow for the enactment of an Obama administration proposal to cease new student loan guarantees in the Federal Family Education Loan program as of June 30, 2010. Under the proposal, all new student loans would be made under the Direct Loan program using federal funds borrowed through the Department of the Treasury.

Cece Sutton to Keynote Cross-Functional Forum on Deposits  Retail banking veteran Cece Sutton, president of Morgan Stanley’s retail banking group, will present the keynote address during CBA’s third annual Consumer Bankers Association Consumer Deposit Conference, May 4-5, at the Ballantyne Resort in North Carolina.

Fighting Small Business Banking Fraud  Given the uncertainties of today's economic climate and the resulting rise in small business banking fraud, financial institutions need to be armed with the tools needed to make informed decisions and the resources to detect and prevent fraud. 

New Regs and the State of the Markets Discussed at Private Loan Workshop  Lawmakers and experts in the financial markets gathered on March 18 for the CBA 2009 Private Loan Workshop. The workshop focused on the state of the financial markets supporting private loans, the implementation of new regulations, and the demographics and future of the market.