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February 5, 2013

News for the retail banking industry

Top Story

Loan demand strengthens in Q4
U.S. banks say demand is up for business, auto and home loans, the Federal Reserve reports. In a quarterly poll of senior bank loan officers, 26% of banks reported increased loan demand from small firms in the fourth quarter. The Wall Street Journal/Real Time Economics blog (2/4)

The CFPB Today

Analysis: Appeal of recess appointment ruling likely
The judgement by a three-judge federal panel regarding the constitutionality of recess appointments contradicts previous peer rulings and likely will be appealed to the court's full judge panel or the Supreme Court, Karen Weise writes. Congressional action to restructure the Consumer Financial Protection Bureau after the ruling comes "just as the financial industry was seeing greater regulatory certainty," she writes, "congressional politics is upheaving it all again." Bloomberg Businessweek (2/4)

Banks have concerns with QM provisions on compensation, fees
The Consumer Financial Protection Bureau is likely to get pushback from lenders on provisions in its qualified-mortgage rule that restrict fees and compensation for brokers. The provisions could hurt low-income borrowers and the outside brokers that some lenders rely on to originate loans, some say. AmericanBanker.com (free registration) (2/4)

Industry News

Small-business lending expected to be slow
The volume of financing to small U.S. businesses grew only slightly in December, according to the Thomson Reuters/PayNet Small Business Lending Index. "It's underwhelming," said PayNet founder Bill Phelan. "The next two to five months are going to be pretty slow." Reuters (2/4), American City Business Journals/San Antonio (2/4)

Analysis: Decline in small-business lending predates crisis
Small-business loans as a proportion of all bank loans began declining well before the financial crisis, writes Scott Shane, a professor at Case Western Reserve University. Lender consolidation and the difficulty of securitizing small-business loans could be behind the trend, he writes. Small Business Trends (2/4)

Group protests cyber laws by posting bank execs' information
The hacker group Anonymous published public and private telephone numbers, encrypted passwords, addresses and e-mail addresses for more than 4,000 U.S. bank executives in a protest against cybercrime laws. Financial Times (tiered subscription model) (2/4)

Regulatory Report

Fed's ability to hold rates near zero is questioned
The Federal Reserve has made a commitment to hold short-term interest rates at or near zero "for a considerable time," but officials are raising doubts about whether that will be possible as long-term rates rise. One Fed official said the U.S. central bank won't be able to hold the line on rates. Market News International (2/5)

The Future of Money

Technology is key to boosting customer satisfaction, Dimon says
JPMorgan Chase CEO Jamie Dimon says the bank is trying to boost the satisfaction of customers by mimicking community banks' style with their branches and focusing on mobile banking and other technology. In a wide-ranging speech before the Greater Miami Chamber of Commerce, Dimon also said the bank is testing technology to recognize customers when they enter a branch. AmericanBanker.com (free registration) (2/4)

Career Development

Are you seen as having bad manners?
Texting during meetings, interrupting while others are speaking and barging abruptly into someone's cubicle are considered rude behaviors and can undermine your professional reputation, career experts say. "Poor manners hurt your career because the little things matter. Very often, reputations are built on the basis of a first impression that takes someone approximately 3 seconds to formulate," says Alexandra Levit. USA Today (2/3)

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.

Learn more about CBA ->

SmartQuote

Failure changes for the better, success for the worse."

--Seneca the Younger,
Roman philosopher, statesman and playwright

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