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February 18, 2013
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News for the retail banking industry

  Top Story 
  • Sen. Warren urges petition calling for vote on Cordray
    Sen. Elizabeth Warren, D-Mass., is asking supporters to sign a petition for an up-or-down vote from Republicans who want to stop the nomination of Richard Cordray as head of the Consumer Financial Protection Bureau. "It took hundreds of thousands of people across the country fighting for an up-or-down vote to get a Consumer Financial Protection Bureau -- and now it's going to take hundreds of thousands of people fighting to get Rich Cordray confirmed," she says. (Worcester, Mass.) (2/18) LinkedInFacebookTwitterEmail this Story
  Retail Banking Roundup 
  Industry News 
  • GAO report: Intelligence agencies struggle to share cyberthreat info
    U.S. intelligence agencies face challenges in sharing information about digital threats with the private sector, according to a Government Accountability Office report. President Barack Obama last week issued an executive order on information sharing between intelligence agencies and private companies. One of the problems is that the Department of Homeland Security lacks authority to declassify information it receives from other agencies, the GAO said. (free registration) (2/15) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  • Hensarling: Congress isn't in the business of criminal trials
    The financial crisis highlights the mistakes made by bankers, but that doesn't mean it is Congress' job to put them on trial, says House Financial Services Committee Chairman Jeb Hensarling, R-Texas. His remarks came after criticism by Sen. Elizabeth Warren, D-Mass., that regulators aren't being tough enough and sending bankers to jail for misdeeds. "It's up to our Justice Department and the judiciary to figure what's a mistake and, frankly, what's criminal fraud," Hensarling said. The Hill/On the Money blog (2/16) LinkedInFacebookTwitterEmail this Story
  • Waters discusses her new role on financial services panel
    Calling former Rep. Barney Frank "the premier leader in the financial services community," Maxine Waters, the Democratic leader on the House Financial Services Committee, said she is looking to his model as she starts her tenure. One major difference in their tenures is that she will be working with Chairman Jeb Hensarling, R-Texas, who is much more conservative than his predecessor, Rep. Spencer Bachus, R-Ala. (free registration) (2/15) LinkedInFacebookTwitterEmail this Story
  The Future of Money 
  • MasterCard makes the case for mobile payment convergence
    Rather than pursue a single end-to-end payment solution in mobile, MasterCard is taking into account a developing environment in which consumers choose among payment options with separate roles. "You have a POS use case, you have got a pure remote use case and you have this in-store remote use case. It is pretty clear that people are going to be using different devices to make those payments. But we can't make the consumer figure out a different way of paying every time," said James Anderson, group head of converged product development for emerging payments at MasterCard. (2/14) LinkedInFacebookTwitterEmail this Story
  • USAA embraces mobile-first strategy
    The United Services Automobile Association has seen rapid embrace of its banking application by its customers, USAA's Neff Hudson says. Downloads for the Deposit@Mobile USAA app rose from 3.3 million in 2011 to 5.2 million in 2012, a nearly 60% increase. "Consumer adoption of mobile technology is changing virtually all aspects of the financial services business. ... We are moving as fast as possible to keep pace with our members' needs and expectations in an always-on, always-connected world," Hudson says. (2/15) LinkedInFacebookTwitterEmail this Story
  Career Development 
  Hot Topics 

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 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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