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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.
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.
Do you need help navigating the regulatory and supervisory system in support of your business model or involvement with financial technologies? SF Fed Navigate fintech analysts can assist.
Their goal is simple: to help facilitate responsible innovations while protecting consumers and ensuring the safety and soundness of banks. SF Fed Navigate fintech analysts are available to help answer questions from fintech companies and banks to build an understanding of the financial regulatory environment so innovative ideas thrive.
The California Bankers Association (CBA) Federal Government Relations Committee invites you to join your peers for CBA’s Annual Washington, D.C. Visit, June 4 –6, 2019. We will be staying at the Grand Hyatt Hotel. This visit is a great opportunity to discuss critical issues that impact banking with members of California’s congressional delegation and officials from the various regulatory agencies.
The financial regulatory agencies have issued a proposed rule to implement a section of S.2155 that grants an exemption from the Volcker rule for community banks that meet certain qualifications; for instance, banks that have $10 billion or less in total consolidated assets as well as trading assets and liabilities of 5 percent or less of total consolidated assets.
The Federal Reserve is considering the creation of the first new payment system in more than 40 years and it is important for your bank to be heard. The Federal Reserve issued a Request for Comment on whether it should consider creating a new, faster settlement infrastructure to support real time payments in the United States. The Fed seeks comment on the benefits of it creating a new Real Time Gross Settlement System (RTGS) that would operate 24/7/365 enabling payments to clear and settle on a real time basis at any time.
On August 28, 2018, the Office of the Comptroller of the Currency (OCC) issued an Advance Notice of Proposed Rulemaking (ANPR) concerning modernization of the Community Reinvestment Act (CRA). CRA modernization can become a reality, but achieving it requires the involvement of as many financial institutions as possible. The first step is to comment on the ANPR. The ANPR can be reviewed here.
The FDIC is seeking comment on a proposed rule to implement an amendment to the Federal Deposit Insurance Act (FDIA) that would exempt certain reciprocal deposits from being considered brokered deposits. The amendment to the FDIA was one of the provisions of S.2155.
Comments on the proposed rule are due on or before October 26, 2018.
Joint Visit to Washington, D.C. – Sept. 11-13, 2018
16th Annual Joint Visit with the Florida Bankers Association
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.
The visit begins at the Omni Shoreham Hotel on Tuesday, September 11, at 5 p.m. with registration, the welcome reception at 6 p.m., followed by dinner at 7 p.m. The visit concludes on Thursday, September 13, at noon.