Richard’s Rapid Fire – November 18, 2016 .Trump’s Short List Includes people who have Banking Experience

Plenty of names are now being tossed available for top roles within the Trump management. We know so far as it relates to banking, here is what:

  • Steven Mnuchin, a former Goldman Sachs Banker, Jamie Dimon, CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial Services Committee seat, are reportedly the best candidates for Secretary regarding the Treasury;
  • SEC seat Mary Jo White is stepping down;
  • Federal Reserve seat Janet Yellenwill head the bank that is central her term expires in 2018; and
  • Rep. Randy Neugebauer (R-TX) is a candidate that is rumored 1 day leading the CFPB.

As President-elect Donald Trump starts to appoint officials to their administration, there clearly was one noticeable trend. People with banking experience, who’ve invested years serving customers, are being considered to find the best articles. It seems the sentiment that is anti-banking Washington is changing, which can be very good news for customers.

Democrats’ Congressional Leadership Shakeup

Change is a-comin’ to Capitol Hill. After the 2016 Elections, Democrat leadership within the Senate is in for a shakeup. Incoming Senate Minority Leader Sen. Chuck Schumer (D-NY), that is changing retiring Sen. Harry Reid (D-NV), announced the improvements of Senators Bernie Sanders (I-VT), Tammy Baldwin (D-WI) and Joe Manchin (D-WV) into the party’s leadership team. On the other hand associated with Senate aisle, Republicans, led by Senate Majority Leader Mitch McConnell (R-KY), have actually retained practically the leadership team that is same.

Regarding the home part, Republicans unanimously re-elected Rep. Paul Ryan (R-WI) as presenter of your home, while House Democrats delayed their leadership election until 30 november. Home Democrats requested the wait while they assess their future in the chamber.

My Trip To the Metal City

I experienced a wonderful time visiting our account at PNC Bank in https://loanmaxtitleloans.info/payday-loans-mt/ Pittsburgh this week. With an associate for each of CBA’s 11 standing committees, PNC’s engagement that is active insights have actually offered our account well. It had been good to see CBA Board Member Todd Barnhart, Alan Aldinger, Bill Demchak, Fabian, Rich Guerrini, Amy Howcroft, Mark Metz, Cathy Niederberger, Michelle Neidhardt, Mark Pregmon, Dawn Price, Denise Rossi-Henn, Randal Shields, Fred Solomon and Kim Wallace dawn. We’d a discussion that is productive problems including the CFPB’s 2017 agenda, pupil financing, Community Reinvestment Act, part 1071 for the Dodd-Frank Act plus the effect the 2016 elections could have on retail banking.

I’m excited to announce PNC is supposed to be hosting their first ever basics of Banking OnSite Education program next spring. Find out more about CBA Advanced Education possibilities for bank workers right here.

CBA’s Richard Search visits PNC Bank in Pittsburgh.

GAO to Fed: Improvements are essential

Big news from the national Accountability workplace this week since it circulated its long expected report on banking institutions’ stress tests. The central bank could change while the agency credited the Federal Reserve for improving oversight of the financial system, it pointed out three key areas

  1. Better measure the impact these tests have actually on credit throughout the market;
  2. Increase transparency on why banking institutions could have unsuccessful; and
  3. Improve oversight of their mathematical models.

Testifying on Capitol Hill Thursday, Fed seat Janet Yellen noted the bank that is central taking into consideration the GAO’s suggestions.

Find out more about just how our Executive Banking class and our distinguished faculty strive to develop the following generation of retail banking leaders right here.

CBA’s Advanced Education faculty explored revolutionary training techniques at their meeting in Washington, D.C. this week.

Three what to understand to stay in the understand

Lagniappe

Pure class from longtime Dallas Cowboy quarterback that is starting Romo on accepting their role as a back-up. It, Tony delivers an impassioned six-minute speech if you missed. An ideal exemplory instance of a team-first mindset.