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February 22, 2013
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News for the retail banking industry

  Top Story 
  • CFPB solicits ideas for student-loan repayment options
    The Consumer Financial Protection Bureau is asking for ideas from the public, financial institutions and colleges on a policy that would help private student-loan borrowers find more affordable ways to repay their loans. The agency will take comments until April 8 on its website. "We will be analyzing plans for policymakers to consider that might help avoid a repeat of the mortgage meltdown for today's student-loan borrowers," CFPB Director Richard Cordray said. Reuters (2/21) LinkedInFacebookTwitterEmail this Story
  • Analysts say CFPB has limited scope with student loans: With the majority of $1.1 trillion in student-loan debt issued by the federal government, any solution that the Consumer Financial Protection Bureau proposes to help struggling borrowers would likely have a limited effect, some analysts say. "If we're just talking about private loans, that's not going to save the market," said Michael Tarkan, a Compass Point Research & Trading analyst. (free registration) (2/21) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Other News
  Regulatory Report 
  • FDIC's Hoenig seeks greater transparency on banks' risk exposure
    U.S. accounting laws, which allow banks to account for less of their derivative portfolio than their European peers, mask the big banks' true size, according to Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig. "Derivatives, like loans, carry risk," Hoenig said. "To recognize those bets on the balance sheet would give a better picture of the risk exposures that are there." Bloomberg (2/19) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  • Looming sequester prompts Obama to call GOP leaders
    President Barack Obama is contacting Republican congressional leaders to discuss the automatic spending cuts that will take effect March 1 if action is not taken. It's the first time Obama has reached out to the GOP leadership since the "fiscal cliff" issue in December. CBS News (2/21) LinkedInFacebookTwitterEmail this Story
  The Future of Money 
  • Square launches bid for more traditional sellers
    Square is unveiling Business in a Box, which includes an iPad stand, a cash drawer and a dongle to swipe cards, a new move to entice more traditional merchants. "What Square is finding out quickly, and only because they grew so fast, is that you can't approach cards from a single angle, and [right now] that's kind of what the Square model does -- it's a device that plugs into a phone," said Brian Riley of CEB TowerGroup. (free registration) (2/21) LinkedInFacebookTwitterEmail this Story
  Members in the News 
  Career Development 
  • How to sell your ideas like a "Shark Tank" contestant
    The reality show "Shark Tank," in which would-be entrepreneurs pitch ideas to judges, should be required viewing for business leaders, Stephanie Scotti writes. Contestants use attention-grabbing techniques, make their presentations personal, get judges directly involved and end with strong calls to action. "Consider applying these lessons to boost your confidence, inspire your listeners and exponentially increase your chances for a high-impact presentation," Scotti writes. SmartBrief/SmartBlog on Leadership (2/19) LinkedInFacebookTwitterEmail this Story
  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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--W. Somerset Maugham,
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