The Western Bankers Association’s communications staff works to provide members, news media and the public with the most up-to-date information relating to the association and the banking industry. Our communications efforts seek to emphasize the value of banks and their service to the community, as well as providing information on the many regulatory and legislative changes the industry is facing in this extraordinary climate.
SACRAMENTO, Calif. – On a strong bipartisan vote, the U.S. Senate approved 67-31, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. The bill, which will now advance to the House, is designed to right-size banking regulations to allow banks to better serve their customers and their communities, while maintaining appropriate safety and soundness controls.
Local members of the California Bankers Association are supporting several philanthropic endeavors in the Central Valley community, via the Central Valley Business Times. For example, in 2016 CBA member banks across California donated nearly $82 million.
SACRAMENTO, CA November 15, 2017 – Members of the California Bankers Association (CBA) play a critical role in supporting California’s local communities and their economies. In a 2017 CBA Community Relations Survey, banks shared their dedication to giving back to their communities by hosting local events, funding scholarship programs and supporting many philanthropic endeavors. In total, responding CBA member banks across California donated nearly $82 million last year.
As bankers continue to survey losses associated with the catastrophic wildfires wreaking havoc in Northern California and some southern portions of the state, housing appears to be a top concern. CBA President & CEO Simone Lagomarsino discusses how bankers are working
together to rebuild communities.
Governor Jerry Brown has proclaimed a state of emergency in the following counties due to the effects of the California wildfires which has damaged structures and infrastructure, threatened homes, and caused the evacuation of residents.
Consequently, Commissioner of Business Oversight Jan Lynn Owen has determined that an extraordinary situation exists in the counties and has issued a proclamation authorizing state-chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary condition has ended.
Our hearts go out to everyone who has been impacted by the devastating natural disasters affecting California. We recognize that the immediate focus of our colleagues and friends in these regions is on ensuring the safety of their family and loved ones.
We also have made available the latest incident information below. Please contact us and let us know if there is any way we can be of assistance.
CBA President and CEO, Simone Lagomarsino, discusses Operation Choke Point, and the regulatory requirements that force bankers to spend much of their time and money intrusively policing their own customers in an Orange County Register editorial.
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.
The CBA has partnered with the Financial Services Information Sharing and Analysis Center (FSISAC) and the American Bankers Association to provide the 2017 Incident Response Playbook, which delivers guidance to banks in California on actions to consider taking before a cybersecurity incident as well as needs and information-sharing protocols in response to and during recovery from a cybersecurity incident as well as recommendations for actions to take following a cybersecurity incident.
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.
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.”