The California Bankers Association has prepared the following resources to aid financial institutions impacted by the recent fires in northern and southern California.
Announcements and Alerts
New website launched! Governor Gavin Newsom has just announced the launch of a new state website with tools and resources for Californians who have been impacted by wildfires and utility-directed 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.
SACRAMENTO, Calif. – The California Bankers Association (CBA), issued the following statement today in response to Governor Newsom signing Assembly Bill 857 into law:
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:
DA Works with Banks, Credit Unions to Remind Employees They Are Mandated Reporters of Financial Elder Abuse
New Outreach Campaign Includes Postcards, Brochures and Video
Eric Ellingsen, President and Chief Operating Officer of California Bank & Trust Elected New Chairman of the Western Bankers Association
SACRAMENTO, Calif. – The Western Bankers Association (WBA) today announced that Eric Ellingsen, president and chief operating officer of California Bank & Trust (CB&T), will serve as the 2019-2020 chairman of the board of directors. Ellingsen was officially elected at the WBA’s annual conference held in March.
A public bank would be risky, expensive and a potential waste of tax dollars
Editorial in the Los Angeles Times, May 27, 2019
“Proponents of public banks are certainly persistent. Study after study has thrown cold water on the idea of establishing a government-owned banking system that, in theory, would let public agencies lend out taxpayer dollars at lower interest rates than commercial banks and yield greater benefit for their communities.
SACRAMENTO, Calif. – The California Bankers Association (CBA) released the results of a poll conducted by FM3 Research that shows the vast majority of Californians oppose government getting into the business of banking. Currently, there is a measure before the California Legislature, Assembly Bill 857, authored by Assembly Members David Chiu of San Francisco and Miguel Santiago from Los Angeles, which allows for the creation of government-run public banks at the municipal level.