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February 27, 2013
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News for the retail banking industry

  Top Story 
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  The CFPB Today 
 
  • Payday-lending focus leads CFPB to coordinate with states
    The Consumer Financial Protection Bureau is meeting with state officials to coordinate efforts to protect consumers from payday lenders that try to get around state regulations. "Our enforcement teams have met with some of your offices in multi-state meetings to consider how best to coordinate our efforts on loans that involve off-shore or other jurisdictional issues," CFPB Director Richard Cordray told a group of state attorneys general. Reuters (2/26) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Retail Banking Roundup 
 
ARGO Lending Solutions
Integrated prospecting, sales, loan origination, and customer management solutions that help you execute your unique business model with confidence.

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Visit us at CBA Live, Booth #18
  Industry News 
  • Financial industry is recovering, Wells Fargo CEO says
    The financial industry is "in much better shape now than a few years ago," says John Stumpf, president and CEO of Wells Fargo. "I would say that we're out of intensive care and on the road to recovery. Our capital positions are stronger. Our risk profile has improved, many of the financial products that caused so much damage are now gone, and the most troubling mortgage-related issues are clearing up. Credit quality is improving, and housing is once again a bright spot." OurFinancialFuture.com (2/26) LinkedInFacebookTwitterEmail this Story
  • FDIC: Banks reported near-record earnings in 2012
    Bank earnings increased to $34.7 billion in the fourth quarter of 2012, boosting full-year profits 19% to $141.3 billion, reports the Federal Deposit Insurance Corp. The annual earnings are the second-highest on record, after 2006. "Balances of troubled loans declined, earnings rose from a year ago and more institutions of all sizes showed improved performance," said FDIC Chairman Martin Gruenberg. AmericanBanker.com (free registration) (2/26) LinkedInFacebookTwitterEmail this Story
  • How industry helps the government manage "tsunami of data"
    Cybersecurity may be a hot topic, but few understand the role the private sector plays in helping the U.S. government develop best practices around information sharing and safeguarding. Kshemendra Paul, head of the government's Information Sharing Environment, weighs in from the sidelines of Esri's FedGIS conference and details how the geospatial community is helping tackle the "tsunami of data" that must be collected, shared and protected. SmartBrief/SmartBlog on Leadership (2/26) LinkedInFacebookTwitterEmail this Story
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  Regulatory Report 
  • Fed will stick with bond-buying program, Bernanke says
    The Federal Reserve plans to continue buying bonds at its current pace, Chairman Ben Bernanke said in testimony to the U.S. Senate banking committee. The Fed's stimulus efforts aren't creating asset bubbles or raising the risk of inflation, he said. "We do not see the potential costs of the increased risk taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery," Bernanke said. Bloomberg (2/27) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  CBA Connect 
  • 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. LinkedInFacebookTwitterEmail this Story

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  SmartQuote 
If you want to truly understand something, try to change it."
--Kurt Lewin,
German-American psychologist


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