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Benefits of Membership
CBA: In Business to Help its Members Succeed

The California Bankers Association is in business to help its member banks – regardless of their size or specialization – to succeed in California’s dynamic marketplace.

Newsroom

Press release

Simone Lagomarsino Santa Maria Sun Opinion Editorial: Credit Unions’ Tax Exemption no Longer Justified

CBA President and CEO Simone Lagomarsino says the credit unions’ tax exemption is no longer justified.

Press release

The California Bankers Association and Beacon Economics Release California Economic Impact Report
Report reveals banks play a critical role in supporting California's economy

The California Bankers Association (CBA) and Beacon Economics have released a report, “The Economic Impact of California Banks” which examines the critical role banks play in supporting California’s economy and the communities where they do business. We have also produced a video that complements and highlights the important findings in the report.

The report is authored by Chris Thornberg, Ph.D., founding partner at Beacon Economics, and updates a previous study conducted in 2013.

Press release

Fix Dodd-Frank
Bankers want a surgical fix for Dodd-Frank. Learn more about the customers hurt by its overly burdensome rules.

The CBA is pleased to share with you the following  video we have created that highlights the negative impact the qualified mortgage and ability to repay rules contained in the Dodd-Frank Act are having on banks’ lending activities. The video is intended to be a resource for all bankers to use to highlight the need to fix specific elements of Dodd-Frank, particularly QM/ATR, as you meet with local elected officials, community leaders, or in forums with your customers. Please also feel free to share and link to the video on your social media platforms.

Press release

Kathie Sowa Named New Chair of the California Bankers Association

SACRAMENTO – The California Bankers Association (CBA) today announced that Kathie Sowa, commercial banking market executive and market president of the greater Sacramento region for Bank of America Merrill Lynch, will serve as the 2017-2018 chair of the board of directors for California’s largest banking trade association. Sowa leads commercial banking teams serving clients in the Central Valley and Central Coast of California, and she is also the greater Sacramento market president serving the 1,200 employees in the 7 counties in the market.

Press release

Simone Lagomarsino Sacramento Bee Opinion Editorial: Trial attorneys are the real winners in class-action lawsuits

CBA President and CEO Simone Lagomarsino says Senate Bill 33, a measure that seeks to promote class action lawsuits, makes trial attorneys, not consumers, the winners. 

Press release

California Bankers Association-Sponsored Bill Providing Additional Financial Protections for Seniors Clears First Committee Hearing

SACRAMENTO – The Assembly Committee on Aging and Long-Term Care has passed Assembly Bill 611 (Dababneh), which is sponsored by the California Bankers Association, and provides important financial protections for seniors. Specifically, AB 611 gives a bank or credit union, as a mandated reporter of elder financial abuse, the statutory authority to decline a power of attorney if there is actual knowledge that a report of financial abuse of an elder or dependent adult has been made to adult protective services or local law enforcement.

Press release

Simone Lagomarsino Named New President and CEO of the California Bankers Association

SACRAMENTO – The California Bankers Association (CBA) today announced that Simone Lagomarsino has been selected to serve as the new president and CEO of the association, succeeding Rod Brown, who is retiring after serving in that role for nearly 10 years. Prior to her new role with the CBA, Lagomarsino served as CEO of Heritage Oaks Bank, and president and CEO of Heritage Oaks Bancorp, headquartered in Paso Robles, Calif.

Press release

Another Voice: Starting a Conversation on Bank Rules

Golden Pacific Bank’s President and CEO Virginia Varela says in Another Voice: Starting a Conversation on Bank Rules in the Sacramento Business Journal, “No matter what your political stance, there is something that we should be able to agree on, and that is there are too many silly, outdated and overly restrictive laws affecting community banks and small credit unions, harming small businesses and their access to capital.”

Legislation & Advocacy

General information

CBA Signs Letter of Support for Regulatory Relief

The financial regulatory reform issue has moved to the Senate now that the House has passed the Financial Choice Act on a party-line vote. CBA joined 51 other state banking associations in a joint letter to Senate leadership urging support for a regulatory relief bill that is currently in development under the direction of Senate Banking Committee Chairman Mike Crapo and Ranking Member Maxine Waters.

General information

Treasury Releases Report Suggesting Significant Reforms to Banking Regulations

The U.S. Treasury Department has officially issued its 150-page report, making several recommendations for how Congress and the regulatory agencies can streamline bank regulation in a way that promotes economic growth.

Overview

Legislation & Advocacy

As the largest banking trade association in California, CBA is the voice of the industry when it comes to legislative, regulatory and legal advocacy. Our efforts strive to ensure a free and competitive market among financial service providers, a level playing field with our competitors, and promote financial education that empowers consumers to exercise real choice.

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