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February 4, 2013
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News for the retail banking industry

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  • GOP senators call for CFPB commission
    Forty-three Republican senators wrote a letter to President Barack Obama saying they will block any Consumer Financial Protection Bureau director nominee until the agency is changed so it is run by a bipartisan, five-member commission and its funding goes through the congressional appropriations process. Sen. Jerry Moran, R-Kan., filed legislation Friday to achieve those objectives. Senate banking committee Chairman Tim Johnson, D-S.D., called the action "just politics at play." The Hill/On the Money blog (2/1) LinkedInFacebookTwitterEmail this Story
  • Cordray should back CFPB reforms, Sen. Portman says: Consumer Financial Protection Bureau Director Richard Cordray should support some of the changes that Senate Republicans are seeking, says Sen. Rob Portman, R-Ohio. As one of the two GOP senators who did not sign a letter to President Barack Obama urging changes, Portman wrote to Cordray, saying that he has "an opportunity to stake out a reasonable position on these proposals independent of the White House." The Hill/On the Money blog (2/1) LinkedInFacebookTwitterEmail this Story
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  The CFPB Today 
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  • Commentary: Next-generation products should attract underbanked
    More next-generation products, such as American Express' Bluebird card, aim to build customer relationships with ease of use and mobile technology, but they should be marketed to everyone and not just the young or the "unhappily banked," write Jennifer Tescher and Rachel Schneider of the Center for Financial Services Innovation. "Marketed effectively, these products should hold great appeal for underserved households," they write. (free registration)/BankThink (2/1) LinkedInFacebookTwitterEmail this Story
  • Commentary: Banks should re-evaluate security controls
    Tom Hinkel, director of compliance at Safe Systems, writes that financial institutions need to ensure they are protecting themselves against possible cyberattacks. "Preventing an attack in the first place is far better than having to detect and respond to one, and one of the best ways to prevent an attack is early recognition," Hinkel writes. Bank Systems & Technology (1/31) LinkedInFacebookTwitterEmail this Story
  • Other News
  The Future of Money 
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  Career Development 
  • Are you a gracious boss?
    Bosses often focus so much on showing their strength and assertiveness that they forget to be gracious, writes Kevin Daum. Traits such as humility, empathy and a willingness to defer to others are important parts of modern leadership, Daum argues. "Simply put, the most gracious and powerful leaders are the ones who understand when to step back as a follower and let the most appropriate person lead," he writes. Inc. online (free registration) (1/29) LinkedInFacebookTwitterEmail this Story
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Top five news stories selected by CBA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  CBA Connect 
  • CBA's Banking on Youth Competition -- Call for Sponsors
    Now is your chance to join fellow bankers to support the 2013 Banking on Youth Competition. The program's inaugural year was a great success with 13 sponsoring banks and more than 170 entries from youth teams across 33 states. Sponsorship opportunities for 2013 are still available, ranging from $3,000 to $40,000. Visit our website and learn how you can support this growing competition and connect with America's young entrepreneurs to build sustainable ventures. Contact CBA for more information. LinkedInFacebookTwitterEmail this Story

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