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December 31, 2012
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News for the retail banking industry

  Top Story 
  • CFPB rules and enforcement expected to heat up in 2013
    This year was an active one for the Consumer Financial Protection Bureau as the agency got off the ground. But experts say bankers will feel more of the CFPB's weight in 2013 as it unveils mortgage rules that could affect credit availability and the entire mortgage-lending system. In addition, experts expect the CFPB to step up its enforcement and supervision action in the coming year. (free registration) (12/28) LinkedInFacebookTwitterEmail this Story
  Retail Banking Roundup 
  • Small banks, credit unions say swipe-fee rules do hurt
    A recent government report said an exemption from debit card swipe-fee caps that apply to large banks has shielded small banks and credit unions from financial harm. However, those institutions say the revenue they receive from card-processing companies has taken a hit as a result of the reform. The Washington Post (12/29) LinkedInFacebookTwitterEmail this Story
  • Bank branches focus on customer service and cross-selling
    Some banks are using their branches as places where customers can receive advice on services beyond the transactions they came in to make. Citizens Bank, for example, has begun adding greeters and financial consultants to its branches. "Branches are becoming more about customer experience rather than about transactions," said David Albertazzi, Aite Group's senior analyst. Pittsburgh Tribune-Review (12/29) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Banking industry shows signs of strength in 2012
    Bank earnings in 2012 were the highest in six years, and for the first time since 2009, earnings growth stemmed from higher revenues instead of lower provisions for loan losses. Other signs that the industry is strengthening include increased lending and a significant decline in bank failures from recent years. "We are definitely on the back end of this crisis," said Josh Siegel, CEO of StoneCastle Partners, which invests in banks. However, challenges such as low interest rates persist. USA Today/The Associated Press (12/28) LinkedInFacebookTwitterEmail this Story
  • 14 banks expected to settle over home-loan practices
    Under a behind-the-scenes deal crafted over the past month, 14 lenders would pay $10 billion, and the federal government's efforts to hold them accountable for foreclosure abuses would end. The emerging deal arose from regulators' realization that a mandatory review of millions of loans was overly time-consuming and wasn't producing meaningful results, according to people familiar with the negotiations. The New York Times (tiered subscription model) (12/30) LinkedInFacebookTwitterEmail this Story
  • Tech problem made Tenn. bank the largest Fed borrower in Q4 2010
    A technology glitch allowed First Horizon National subsidiary First Tennessee Bank to become the largest borrower of short-term funds from the Federal Reserve in the fourth quarter of 2010, when the bank borrowed $1.017 billion. The Fed on Friday released data about the quarter as required under the Dodd-Frank Act. The data releases have a two-year lag. The Wall Street Journal (12/28) LinkedInFacebookTwitterEmail this Story
  • As BofA cuts back, community banks grow
    Community banks are seizing on Bank of America's cost-cutting plan by acquiring small branches the banking giant is selling. BofA sold 21 branches in Iowa and Maine earlier this year, and more recently sold 38 branches in the central U.S., all to community banks. Those branches collectively had $1.5 billion in deposits. (free registration) (12/28) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  Hot Topics 

Top five news stories selected by CBA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  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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  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of New Year's Day, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
Never tell your resolution beforehand, or it's twice as onerous a duty."
--John Selden,
English jurist and scholar

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