Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/eeaDCfbwoceXkzmlXREb

January 2, 2013
Sign upForwardArchiveAdvertise
News for the retail banking industry

  Top Story 
  • Experts say consumers and businesses will remain cautious: Bank executives say there still will be challenges in 2013, even with the "fiscal cliff" averted, because interest rates remain low and consumers and businesses are uncertain about the economy. The Wall Street Journal/Dow Jones Newswires (12/31) LinkedInFacebookTwitterEmail this Story
  The CFPB Today 
  • CFPB would be better with commission leadership, Hunt says
    The Consumer Bankers Association will continue to press lawmakers to replace the Consumer Financial Protection Bureau's director with a commission and have its budget approved by Congress. "We're not trying to water down or lessen the effect of the CFPB. In our eyes, we're actually strengthening the CFPB," said CBA President and CEO Richard Hunt. The Wall Street Journal (1/1) LinkedInFacebookTwitterEmail this Story
  Retail Banking Roundup 
  • PNC takes on Southeastern markets
    Pittsburgh-based PNC Financial is sprucing up branches, offering new products and training local talent as it expands into the Southeast after having acquired the U.S. retail unit of Royal Bank of Canada for $3.45 billion last year. It's also learning lessons in local culture: The bank decided to change the color of its debit cards after realizing that University of Alabama fans associated orange with rival Auburn University. The Wall Street Journal (1/1) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • TAG expiration prompts banks to reassure depositors
    Analysts say most bank deposits are likely to stay put even with the end of unlimited guarantees for some deposits because the government would most likely protect depositors in a crisis. Some smaller banks are trying to hang onto depositors by using specialized cash-management firms to split up deposits among a network of banks so that money is insured even without the Transaction Account Guarantee. The New York Times (tiered subscription model) (12/30) LinkedInFacebookTwitterEmail this Story
  • Banks rename fees related to FDIC insurance
    A Federal Deposit Insurance Corp. ruling last year has prompted many banks to revise the names of customer fees they charge to offset FDIC insurance, though some are unsure about how best to rename them. The majority of those making a change will use "deposit" as part of the description, with names such as "deposit fee" and "deposit coverage," according to a survey by Informa Research Services. AmericanBanker.com (free registration)/BankThink blog (12/28) LinkedInFacebookTwitterEmail this Story
  The Future of Money 
  • Payment landscape evolves as cash transactions fade
    Cash transactions are on the decline, according to data from McKinsey & Co. It's estimated that cash accounted for 29% of retail payments in 2012, a decrease from 36% a decade ago. Wealthy and upper-middle-class consumers rarely use cash for point-of-sale payments. The move away from cash is expected to continue, boosting the outlook for credit card processors and raising concerns about payment security. Barron's (subscription required) (12/29) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • Why bosses should join the culture club
    Many bosses neglect culture in favor of agonizing over products and services, writes S. Chris Edmonds. That's a mistake: Culture, after all, is the driver of all company activity. "Because of this fact, corporate culture may be your company's most important asset," Edmonds argues. SmartBrief/SmartBlog on Leadership (12/26) 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
Learn more about CBA ->CBA Online | Upcoming CBA Events | CBA Graduate School (GSRBM)
Follow CBA on Twitter | CBA on Facebook | CBA LinkedIn Group

  SmartQuote 
Birds sing after a storm; why shouldn't people feel as free to delight in whatever remains to them."
--Rose Kennedy,
American philanthropist


LinkedInFacebookTwitterEmail this Story

 
 
Subscriber Tools
     
Print friendly format | Web version | Search past news | Archive | Privacy policy

Advertise
Account Director:  Alexandra Varipapa (302) 242-2055
 
Read more at SmartBrief.com
A powerful website for SmartBrief readers including:
 
 
 Recent CBA SmartBrief Issues:   Lead Editor:  Ashley Fletcher Frampton
Contributing Editor:  Anita Bruzzese
Sales Account Director:  Jasmine Rogers
 
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
 
 
© 1999-2013 SmartBrief, Inc.® Legal Information