January 15, 2014
Planned and executed annual State Government Relations Committee strategic planning session held in November, which allowed for identification of anticipated legislative matters for 2014 and provided a forum to develop strategy and messaging for those issues.
Produced and distributed Annual Legislative and Regulatory Summary detailing key state and federal legislative and regulatory issues and their outcomes.
Organized and participated in a meeting with CBA member bankers and Governor Jerry Brown.
Conducted presentations at CBA and other group events including CBA Regulatory Compliance Conference, CBA Chief Credit Officers Symposium, ABA State Issues Summit, ABA Legal Counsel Seminar, the National Association of Bank Advocates, the Council on State Taxation and the San Francisco Bar Attorneys Association.
Attended four legislative informational hearings conducted during the fall/winter legislative recess, including:
• A Senate Committee on Banking and Financial Institutions focused on compliance with foreclosure rules enacted as part of last year’s Homeowner Bill of Rights (HBOR)
• An Assembly Committee on Banking and Finance pertaining to the state’s Keep Your Home California program which was the recipient of the United States Department of the Treasury’s Hardest Hit Funds designed to help distressed borrowers remain in their homes.
• A Senate Committee on Banking and Financial Institutions informational hearing regarding small dollar lending by depository institutions, non-profits and entities unlicensed in California.
• An Assembly Committee on Banking and Finance informational hearing focusing on the technology of consumer financial transactions including consumer credit card transactions, traditional payment networks and methods, mobile payments and digital wallets.
Convened a working group to discuss legislation to address the impact of the recent court decision in Riverisland Cold Storage, Inc. v. Fresno-Madera Production Credit Association.
Co-sponsored events benefiting the Capitol Network, Leadership California Institute and the California Legislative Black Caucus.
Conducted two district meetings with members of the state Senate and three district meetings with members of the Assembly.
Participated in four Sacramento fundraisers for members of the state Legislature.
Conducted 22 meetings with state legislative candidates.
Member bankers participated in five district fundraisers for federal legislative candidates.
Conducted a grassroots campaign urging members of Congress to sign Rep. Shelley Moore Capito’s (R-WV) letter to Consumer Financial Protection Bureau Director, Richard Cordray, requesting a one-year implementation delay in adopting the new qualified mortgage rule.
At year end, we raised $183,561 (99 percent of goal) for the CBA State PAC and $75,860 (89 percent of goal) for the CBA Federal PAC.
Fielded a dozen incoming media inquiries, focused on a wide range of issues including foreclosure trends, the one-year anniversary of the implementation of the Homeowner Bill of Rights, online and mobile banking and training programs for community banks.
Conducted media interviews with the Orange County Register, Sacramento Business Journal, Long Beach Business Journal, Mortgage Banker Magazine, Capital Public Radio and CBS13 among other publications and news outlets.
Worked closely with the events team to design marketing materials to promote CBA events, conferences and seminars. Brochures and other collateral material were created for CBA’s Regulatory Compliance Conference, Lenders Conference, Security Management Conference, Annual Legislative Conference, Chief Credit Officers Symposium and Bank Presidents Seminar.
Assisted with several marketing campaigns to highlight new services or product offerings from existing strategic partners Equias Alliance, Verafin and Promontory Interfinancial Network.
Supported the public launch and announcement of our newest strategic partner, SNL Financial.
Presented the Enterprise Risk Management Seminar in Northern California to 24 participants.
Hosted the Directors Certification Update program in two locations for 69 participants.
Partnered with the Federal Deposit Insurance Corporation to host a Community Bankers Series – Interest Rate Risk & Securities Seminar for 58 participants.
Delivered Fundamentals of Credit Analysis to 22 participants.
Held the Technology & Community Banking Seminar for 28 participants.
Hosted the first Graduate School of Compliance Management for 14 participants.
Hosted the 35th Annual Regulatory Compliance Conference in October with a total attendance of 160 participants.
Hosted the 2013 Chief Credit Officers Symposium in November with a total attendance of 39 participants.
Sold 142 copies of the 2013 Compensation and Benefits Benchmark Survey, which provides base salary, incentive and commission compensation data for 126 job classifications, directors’ compensation information, human resources practices, comparative health care cost information and employee benefits summary statistics.
Sold two copies of a Peer Group Report offered only to our 107 survey participants. The report is generated from data selected from a group of at least six other participant banks.
Convened Compensation Survey Advisory Committee meeting to review and discuss the upcoming 2014 Compensation and Benefits Benchmark Survey format, in conjunction with Crowe Horwath LLP.
CBA senior management team created and developed a proposed 2014 CBA Budget and Business Plan for the review and approval by the Executive Committee.
Recognized key employment anniversaries with five years of service for CBA employees Beth Mills, VP of communications and Stephen Clark, SVP of strategic partners.
Filed an amicus brief with the U.S. Supreme Court in Greene v. Bank of America, a decision that jeopardizes the integrity of banks’ safe harbor from liability for filing reports of suspicious activities. In this California case, the bank was permitted to be sued by a customer who was arrested and prosecuted after the bank called the police in response to his threats against the bank.
Filed an amicus brief with the U.S. Supreme Court in Rose v. Bank of America, a decision that permitted the bank to be sued for an alleged Truth in Savings Act (TISA) violation under the auspices of California’s Unfair Competition Law (Business & Professions Code Section 17200) even though Congress specifically disallowed private lawsuits to enforce TISA in favor of administrative enforcement.
Submitted comments to the Federal Reserve supporting its initiative to upgrade the ACH, check, and possibly wire transfer payment systems in light of developments internationally and the availability of new payment services including by non banks. CBA emphasized that upgrading these ubiquitous systems promotes competition and benefits all payments participants.
Issued a Regulatory Compliance Bulletin on SB 46, which amends California’s data breach notification law by including a new category of protected information: user name or email address together with a password or security question and answer that permits access to an online account.
Welcomed new member, Commercial Bank of California.
Held one Department of Business Oversight Roundtable in Sacramento with 20 bankers participating.
Held one Federal Reserve Bank Roundtable in San Francisco with 15 bankers participating.
Six bank visits conducted by President & CEO Rod Brown.
Approved a new endorsed strategic partnership with SNL Financial, the premier provider of breaking news, financial data and expert analysis in the financial services business sector.
The endorsement includes the two leading products from SNL: SNL Unlimited – the business intelligence service that provides access to an in-depth online database available and updated 24/7 and SNL Banker – a new single-source for internal analysis, integrating bank’s data to give a 360 degree insight into operations, finance, marketing and risk.