Regulatory & Legal Affairs
New laws and regulations are constantly being proposed for the banking industry, both in Washington, D.C. and Sacramento. As well-intended as some of these proposals are, many of them contain language that conflicts with current law or conflicts with current regulatory requirements. Decision-makers need to better understand how their proposals translate into the real-world workings of California’s financial institutions, which is where our legal and regulatory advocacy unit is intrinsically valuable.
Our legal and regulatory advocacy unit works to identify potential legal and regulatory conflicts, make those conflicts known and secure a reasonable solution for the industry. CBA’s legal and regulatory advocacy unit works closely with bank regulators and elected officials alike to ensure that the banking industry’s perspective is known, understood and considered in the decision-making process.
In addition to the work done on the legislative and regulatory fronts, CBA’s legal and regulatory advocacy unit also gives a voice to the banking industry in important legal matters affecting the banking industry. Among the many legal services CBA provides on behalf of the industry is the filing of amicus, or “friend of the court,” briefs on legal proceedings critical to the industry. Through the filing of these briefs, CBA is able to provide the industry’s perspective without signing on as a participant in a given case or lawsuit. Our members understand that we are providing end-to-end advocacy services through our legal and regulatory advocacy unit, affecting both policy decisions and key court decisions that affect our members’ ability to do business.