Lots of names are now being tossed around for top jobs when you look at the Trump Administration. We know so far as it relates to banking, here is what:
- Steven Mnuchin, a Goldman that is former Sachs, Jamie Dimon, CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial solutions Committee seat, are reportedly the best prospects for Secretary for the Treasury;
- SEC Chair Mary Jo White is stepping down;
- Federal Reserve seat Janet Yellenwill head the main bank until her term expires in 2018; and
- Rep. Randy Neugebauer (R-TX) is a rumored prospect for 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, that have spent years serving customers, are being considered for top level 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) to your 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 leadership team that is same.
Regarding the home part, Republicans unanimously re-elected Rep. Paul Ryan (R-WI) as presenter of the home, while House Democrats delayed their leadership election until November 30. Home Democrats asked for the delay while they assess their future inside the chamber. Stay tuned in. Rep installment loans Louisiana. Tim Ryan (D-OH) will challenge Rep. Nancy Pelosi (D-CA) for the career of home minority leader.
My Trip To the Metal City
I’d a wonderful time visiting our account at PNC Bank in Pittsburgh this week. With an associate for each of CBA’s 11 standing committees, PNC’s active engagement and insights have actually offered our account well. It was good to see CBA Board Member Todd Barnhart, Alan Aldinger, Bill Demchak, Dawn Fabian, deep Guerrini, Amy Howcroft, Mark Metz, Cathy Niederberger, Michelle Neidhardt, Mark Pregmon, Dawn Price, Denise Rossi-Henn, Randal Shields, Fred Solomon and Kim Wallace. We’d a productive conversation exploring dilemmas like the CFPB’s 2017 agenda, pupil financing, Community Reinvestment Act, part 1071 regarding the Dodd-Frank Act and also the effect the 2016 elections could have on retail banking.
I’m excited to announce PNC would be hosting their first ever basics of Banking OnSite Education program 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 required
Big news out from the national Accountability workplace this week since it circulated its long report that is anticipated banks’ 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
- Better measure the effect these tests have actually on credit throughout the economy;
- Increase transparency on why banking institutions could have unsuccessful; and
- Improve oversight of its models that are mathematical.
Testifying on Capitol Hill Thursday, Fed seat Janet Yellen noted the main bank is taking into consideration the GAO’s tips.
Find out about just how our Executive Banking School and our distinguished faculty work to develop the new generation of retail banking leaders right here.
CBA’s Advanced Education faculty explored revolutionary training techniques 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 his part as a back-up. If you missed it, Tony provides an impassioned six-minute message. A fantastic exemplory instance of a mentality that is team-first.
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