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January 10, 2013
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News for the retail banking industry

  Top Story 
  The CFPB Today 
  • CFPB helps usher in era of open-source government projects
    Government agencies such as the Consumer Financial Protection Bureau are cooperating with outside programmers and other agencies with an open-source approach to documents, software and other projects. The CFPB will use an open-source type interface for a system it is developing for posting public notices and receiving comments. "There's just a general spirit of: 'We need to start afresh,' " said Chief Information Officer Chris Willey. "We're creating a new IT group. We're creating new policies, new procedures, new systems." (1/9) LinkedInFacebookTwitterEmail this Story
  Regulatory Report 
  Legislative Affairs 
  • Senator wants bank execs off of Fed boards
    Financial industry executives should not serve on regional Federal Reserve boards, according to Sen. Bernie Sanders, I-Vt. He has introduced legislation to end the practice, which he calls a conflict of interest. "Two-thirds of the directors at the New York Fed are hand-picked by the same bankers that the Fed is in charge of regulating," he said. The Hill/On the Money blog (1/9) LinkedInFacebookTwitterEmail this Story
  The Future of Money 
  Members in the News 
  • Businesses seek cooperation, not mandates, on cybersecurity
    A group of business leaders wants to work closely with the U.S. government to thwart cyberattacks, but they don't want the government to issue regulations or mandates. The Business Roundtable is pushing for the government to share more information with the private sector. "The business of cybersecurity is more like intelligence and counterespionage than security where you put up physical guns and guards," said MasterCard CEO Ajay Banga. The Wall Street Journal (1/9) LinkedInFacebookTwitterEmail this Story
  • Other News
  Career Development 
  • Why smart bosses start book clubs
    One way to foster engagement is to ask your entire team to read a particular business or management tome, writes Baron Christopher Hanson. Turning your company into a reading group gives you a chance to understand employees better and allows them to share their passions and ideas more freely. "Everyone in the company is guaranteed to have something in common to talk about going forward," Hanson writes. SmartBrief/SmartBlog on Leadership (1/8) LinkedInFacebookTwitterEmail this Story
  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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Luck enters into every contingency. You are a fool if you forget it -- and a greater fool if you count upon it."
--Phyllis Bottome,
British writer

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