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

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

Plenty of names are now being tossed around for top roles into the Trump management. Since it pertains to banking, this is what we realize up to now:

  • Steven Mnuchin, a former Goldman Sachs Banker, Jamie Dimon, CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial solutions Committee seat, are reportedly the leading candidates for Secretary of this Treasury;
  • SEC seat Mary Jo White is stepping down;
  • Federal Reserve Chair Janet Yellenwill mind 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 management, there was one noticeable trend. People with banking experience, who possess invested years serving customers, are being considered for top level posts. It seems the anti-banking belief in Washington is evolving, which will be very good news for consumers.

Democrats’ Congressional Leadership Shakeup

Change is a-comin’ to Capitol Hill. Following 2016 Elections, Democrat leadership when you look at the Senate is within for a shakeup. Incoming Senate Minority Leader Sen. Chuck Schumer (D-NY), who’s changing retiring Sen. Harry Reid (D-NV), announced the additions of Senators Bernie Sanders (I-VT), Tammy Baldwin (D-WI) and Joe Manchin (D-WV) towards the celebration leadership team that is’s. On the other hand regarding the Senate aisle, Republicans, led by Senate Majority Leader Mitch McConnell (R-KY), have actually retained practically the same leadership group.

From the home part, Republicans unanimously re-elected Rep. Paul Ryan (R-WI) as speaker of the home, while House Democrats delayed their leadership election until 30 november. Home Democrats asked for the wait while they assess their future in the chamber. Stay tuned in. Rep. Tim Ryan (D-OH) will challenge Rep. Nancy Pelosi (D-CA) for the career of home minority frontrunner.

My Stop By At the Metal City

I experienced a time that is wonderful our account at PNC Bank in Pittsburgh this week. With a part for each of CBA’s 11 standing committees, PNC’s active engagement and insights have actually offered our account well. It absolutely was 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 dilemmas like the CFPB’s 2017 agenda, student financing, Community Reinvestment Act, area 1071 associated with Dodd-Frank Act and also 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 course next spring. Find out about CBA Advanced Education possibilities for bank workers right here.

CBA’s Richard Search visits PNC Bank in Pittsburgh.

GAO to Fed: Improvements are expected

Big news out payday loans Hawaii from the national Accountability workplace this week because it circulated its long report that is anticipated banking institutions’ stress tests. While the agency credited the Federal Reserve for increasing oversight regarding the economic climate, it stated three key areas the main bank could alter:

  1. Better measure the effect these tests have actually on credit throughout the market;
  2. Increase transparency on why banking institutions might have failed; and
  3. Improve oversight of the mathematical models.

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

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

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

Three what to understand to stay the understand

Lagniappe

Pure class from longtime Dallas Cowboy starting quarterback Tony Romo on accepting their role as a back-up. In the event that you missed it, Tony provides an impassioned six-minute message. A great exemplory instance of a mentality that is team-first.