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Press release

The California Bankers Association Responds to Wildfires and Public Safety Power Shutoffs

SACRAMENTO, Calif. – The California Bankers Association (CBA) released the following statement regarding the recent wildfires burning across the state, and the recurring public safety power shutoffs (PSPS):


“California banks are deeply committed to the communities that we serve. We stand ready to assist and help our customers who have been impacted by the recent wildfires or public safety power shutoffs.


Joint Visit to Washington, D.C. with the Florida Bankers Association
September 17-19, 2019

The California Bankers Association (CBA) Federal Government Relations Committee invites you to join your peers at the 16th annual Joint Visit to Washington, D.C. with the Florida Bankers Association. We will be staying at the Omni Shoreham Hotel. This annual trip to our nation’s capital provides us with an excellent opportunity to discuss critical issues impacting our industry with our elected officials and representatives from key regulatory agencies.

Compliance Bulletin

Final Rule Issued on Federal Flood Insurance Coverage Requirements

The OCC, Federal Reserve, FDIC, Farm Credit Administration and the National Credit Union Administration have issued their final rule stating the circumstances under which lenders are required to accept private flood insurance in satisfaction of federal flood insurance coverage requirements. The rule became effective July 1, 2019. 

For more information, please click here to view the Compliance Bulletin.

Compliance Bulletin

Agencies Adopt Rule to Exempt Community Banks from Application of the Volcker Rule

On July 9, 2019, the OCC, Federal Reserve, FDIC, Commodity Futures Trading Commission and the SEC finalized a rule implementing provisions of the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA), that exempts certain institutions from application of the Volcker Rule. The rule exempts community banks and their controlling entities with $10 billion or less in total consolidated assets, and total trading assets and liabilities equal to five percent or less of total consolidated assets, from the application of the Volcker Rule.

Press release

Ask Your Lawmaker to Co-Sponsor Important Legislation to Delay the Implementation of CECL

The Financial Accounting Standard Board’s new Current Expected Credit Loss standard poses significant operational challenges for the banking industry. CECL, which goes into effect January 2020 for some banks and later for others, will change the economics of lending and the unintended consequences are likely to result in changes to credit availability, product mix and cost of credit, particularly for consumers and small businesses. CECL will change the way your bank accounts for credit/loan losses.

Press release

New Report Finds Credit Unions Operate with ‘Scant Regard’ for Statutory Mission

On the eve of the 85th anniversary of the Federal Credit Union Act’s enactment, new research released today found that credit unions are falling short of their mission to serve households of “small means.” In fact, according to the research by respected analyst Karen Shaw Petrou, credit union members are disproportionately from middle- and upper-income households, and credit unions’ lack of “mission compliance” deepens U.S. economic inequality.