| News for the retail banking industry |  |
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- Hunt: Cordray renomination should prompt structural overhaul
Richard Cordray likely will face opposition again from Republicans in Congress with his second nomination to head the Consumer Financial Protection Bureau. Some industry officials say Cordray has demonstrated a responsive and even-handed approach in the job so far. Still, CBA President and CEO Richard Hunt said it's a good time for Congress to consider changing the agency's leadership structure. "As chair of a commission, he would be a worthwhile, credible candidate," Hunt said. Bloomberg
(1/24), The Hill/On the Money blog
(1/24), The Columbus Dispatch (Ohio)
(1/24), The Washington Post
(1/24), AmericanBanker.com (free registration)
(1/24), Politico (Washington, D.C.)/Morning Money
(1/25), Politico Pro (subscription required)
(1/24), The Wall Street Journal
(1/24)     
| Retail Banking Roundup | | |
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- Report: Banks closed 2,267 branches in 2012
Banks opened 1,149 branches in 2012 and closed 2,267, leading to a net loss of 1,118 branches, reports SNL Financial. Banks are trimming branches as a way to reduce costs and shift more to mobile and online banking, experts say. CNNMoney
(1/25)
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- Moody's: Banks still face economic challenges
American banks will continue to face an uncertain economic future because of low interest rates, slow growth and fiscal-policy uncertainty, according to Moody's Investors Service. "Banks have been cutting costs throughout 2012; the levers are diminishing in terms of what they can do to help offset the margin pressure," said Joseph Pucella, a senior banking analyst at Moody's. AmericanBanker.com (free registration)
(1/24)
| Legislative Affairs | | |
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| The Future of Money | | |
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- E-signatures are gaining ground
E-signature technology is becoming more mainstream in the banking industry, with U.S. Bank launching it in 3,000 branches for consumer loans and leasing, and Chase testing it in pilot projects. While there are challenges, experts say, the legal system is embracing e-signatures. AmericanBanker.com (free registration)
(1/23)
| People and Personalities | | |
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- Kashkari considers public office run in Calif.
Neel Kashkari, the former head of the Troubled Asset Relief Program, is eyeing a run for public office in California. Kashkari says he is leaving his post at Pacific Investment Management and could run as a Republican. He has not specified which office he might target. The Wall Street Journal
(1/23)
| Career Development | | |
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| CBA Connect | | |
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CBA LIVE 2013: The Future of Money
Are you ready for the Future of Money? CBA LIVE 2013, March 11-13 in Phoenix, Ariz., will bring together the top executives in retail banking to learn, exchange ideas and identify solutions to the challenges facing our industry. Our 2012 event was a record-breaking success with more than 1,000 banking leaders in attendance! Now in its fourth year, CBA LIVE features expert panels and distinguished speakers across nine forums of tailored programming. Reserve your space today and join us for this must-attend event.
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