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.
View the latest announcements, proclamations and other agency resources.
SACRAMENTO, Calif. – The California Bankers Association (CBA), issued the following statement today in response to Governor Newsom signing Assembly Bill 857 into law:
The California Bankers Association is seeking a Vice President of Government Relations. This position will be a legislative advocate representing the California banking industry who will manage banking related subject matters impacting financial institutions. Lobbying experience a must. Please send your cover letter, resume and salary requirements to: WBAHR@westernbankers.com.
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.
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.
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.
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.
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.
We Need to Focus on Building Credit Not Destroying It
Sacramento Bee Letter to the Editor: June 21, 2019
Read the published letter by Western Bankers Association President & CEO, Steve Andrews: