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January 8, 2013
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News for the retail banking industry

  Top Story 
  • Banks will pay $8.5B to settle regulators' foreclosure claims
    Ten large banks have agreed to an $8.5 billion settlement with regulators over allegations that they didn't use proper foreclosure processes. Under the agreement, 3.8 million borrowers who were foreclosed on in 2009 or 2010 will be paid a total of $3.3 million. The settlement ends a review of foreclosure files that began in April 2011 -- a process that regulators said was taking too long and not delivering aid to consumers. The Wall Street Journal (1/7) LinkedInFacebookTwitterEmail this Story
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  Industry News 
  • Other News
  Regulatory Report 
  • Fed divisions leave investors wondering about stimulus
    Widening divisions within the Federal Reserve over whether to continue buying bonds have left investors wondering about the future of the U.S. central bank's stimulus policies. At a recent meeting, some Fed governors leaned toward shutting down bond buying before the end of 2013. CNBC (1/7) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  • Warren endorses Frank for interim Senate position
    Sen. Elizabeth Warren, D-Mass., says retiring Rep. Barney Frank, D-Mass., would make an excellent interim senator to replace Sen. John Kerry, should he be confirmed as U.S. secretary of State. She called Frank her "tutor" and a "champion" for consumer protection. Boston Herald (1/6) LinkedInFacebookTwitterEmail this Story
  The Future of Money 
  • The mobile wallet is poised for a big year
    Greater consumer trust in mobile devices and applications means that the mobile wallet, in many forms, is certain to make inroads this year, Rimma Kats writes. Already, more than three-quarters of smartphone owners use their devices at some stage of shopping, and mobile payments are a natural extension of that process, experts say. (1/7) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • It's time for leaders to get real
    Leadership should be about facing up to uncomfortable realities, not about burying your head in the sand, writes George Ambler. Only reality-based leadership can inspire employees or bring long-term strategic success. "Convincing ourselves that things are better or different from reality is never a good idea," he writes. George Ambler blog (1/4) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • CBA's Joe Belew Award
    CBA is excited to announce the launch of the third annual Joe Belew Award competition. Each year, we are proud to honor the memory of former CBA President Joe Belew for his commitment to community development. The 2013 competition focus is Creating and Maintaining Affordable Housing. Download the application and submit your entries by Jan. 9. We look forward to learning about all our banks' innovative programs. Contact CBA for more information. LinkedInFacebookTwitterEmail this Story
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It is wise to keep in mind that neither success nor failure is ever final."
--Roger Babson,
American entrepreneur and business theorist

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