Regulatory Relief
Regulatory Relief
Regulatory burdens on the banking industry have grown dramatically in recent years, stretching the resources of banks across the country and hindering their ability to help local businesses grow and create jobs.
Cannabis conundrum: What to do with billions of dollars that banks won’t touch
What to do with billions of dollars that banks won’t touch
By Mark Anderson – Staff Writer, Sacramento Business Journal
Nov 17, 2017
The billions that will be generated from California’s soon-to-be-legal recreational marijuana industry cannot be banked legally.
And that presents a real conundrum for companies that sell pot.
Central Valley Businesses Give Back
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.
Simone Lagomarsino in SNL: Housing Greatest Concern as California Wildfires Continue to Rage
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.
Florida and California Bankers, Far Apart but Flying Together
CBA President and CEO Simone Lagomarsino and Florida Bankers Association President and CEO Alex Sanchez discuss the upcoming joint Washington, D.C. Visit with Bloomberg.
Simone Lagomarsino Santa Maria Sun Opinion Editorial: Credit Unions’ Tax Exemption no Longer Justified
CBA President and CEO Simone Lagomarsino says the credit unions’ tax exemption is no longer justified.
Fix Dodd-Frank
Bankers want a surgical fix for Dodd-Frank. Learn more about the customers hurt by its overly burdensome rules.
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.
Simone Lagomarsino Sacramento Bee Opinion Editorial: Trial attorneys are the real winners in class-action lawsuits
CBA President and CEO Simone Lagomarsino says Senate Bill 33, a measure that seeks to promote class action lawsuits, makes trial attorneys, not consumers, the winners.
Another Voice: Starting a Conversation on Bank Rules
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.”