Banks invest millions of dollars annually to protect consumers’ information and defend against fraud. Below are several resources you can use to help protect your financial information.
California Bankers Association Announces Support for Legislative Measure to Provide Important Tax Relief to Underwater Homeowners
SACRAMENTO – The California Bankers Association (CBA) announced today its sponsorship of Senate Bill 339 (Cannella, R – Ceres), which will extend important tax relief to borrowers who under this legislation will not be required to report the amount of debt forgiven by a lender due to a principal reduction resulting from a loan modification. The measure applies to debt forgiven from January 1, 2013, to December 31, 2013.
Governor Brown Signs into Law California Bankers Association Sponsored Legislation Providing Important Tax Relief to Homeowners with Forgiven Mortgage Debt
SACRAMENTO – The California Bankers Association (CBA) released the following statement regarding the signing of Assembly Bill 1393 (Perea), which extends important tax relief to borrowers, who as a result of this legislation, will not be required to report as income the amount of debt forgiven by a lender due to a principal reduction resulting from a loan modification. The measure applies to debt forgiven from January 1, 2013, to December 31, 2013, and was signed into law today by Governor Brown.
California Bankers Association Announces Plans to Again Sponsor Legislation Extending Important Tax Relief to Homeowners
SACRAMENTO – The California Bankers Association (CBA) announced today its intention to sponsor a bill in 2015 that will extend important tax relief to homeowners who received a principal reduction from a loan modification, or completed a short sale, in 2014. Under the bill, homeowners would not be required to report the amount of debt forgiven as taxable income. The measure will apply to debt forgiven from January 1, 2014, to December 31, 2014.
The California Bankers Association and Beacon Economics Release California Banking Industry Intelligence Report
Report provides an overview of the banking sector, current interest rate environment and expected Federal Reserve action
Sacramento, Calif. — The California Bankers Association (CBA), one of the largest state banking trade associations, and Beacon Economics have released a fifth California banking report that examines important issues currently affecting California’s banks and the overall economy. The report is authored by Chris Thornberg, Ph.D., founding partner, and Jordan Levine, economist and director of economic research, at Beacon Economics.
Thousands of new domains – including .bank – are making their way to the Internet. The American Bankers Association partnered with banking industry participants to establish fTLD Registry Services to operate .bank and ensure it is governed in the best interests of banks and their customers. Only verified members of the banking community will be able to register .bank domains.
The CBA joined the ABA and state bankers associations as signatories on a letter urging President Obama to nominate a community banker to serve on the Federal Reserve Board, which currently has multiple vacancies. The letter stresses the vital role community banks play in both their local economies and the overall national economy, and the key role the Federal Reserve plays in promoting the strength and vitality of community banks.
The CBA recently joined the ABA and state bankers associations as signatories on a letter urging President Obama to nominate a community banker to serve on the Federal Reserve Board, which currently has multiple vacancies. The letter stresses the vital role community banks play in both their local economies and the overall national economy, and the key role the Federal Reserve plays in promoting the strength and vitality of community banks.
Dan Walters: There’s a darker side to Californians’ mortgage relief: big tax bills
February 18, 2014
Click hereto read the column in the Sacramento Bee discussing the California Bankers Association’s sponsored bill, Senate Bill 339, which would provide tax relief to Californians who were given principal reductions in 2013.
CBA President and CEO Rodney Brown responded to the Sacramento Bee editorial “Banks collect a debt, as Congress raises money” in a letter to the editor, noting that swaps are a necessary tool for banks.
CBA President and CEO Rodney Brown discusses the work yet to be done by Congress, including action on CBA-supported legislation affecting qualified mortgages, and the credit union federal tax exemption, in the Contra Costa Times.
CBA President and CEO Rodney Brown rebutted FDIC Chairman Thomas Hoenig’s comments in a Los Angeles Times letter to the editor, published Sunday. Brown noted that “it’s the banking industry that bears all financial costs of supporting the FDIC, paying more than $12 billion each year to assure adequate funding.”
VP of Communications Beth Mills discusses foreclosure registries that are aimed at keeping tabs of vacant foreclosed properties.
CBA President and CEO Rod Brown on the importance of this bill to homeowners who received loan modifications in 2013.
Approved for 41.75 credits by the ABA Institute of Certified Bankers (ICB) toward your Certified Regulatory Compliance Manager (CRCM) certification!
The continued fallout from Dodd-Frank has brought an increased focus by federal regulators on protecting consumers from alleged bank excesses, lead by the Consumer Financial Protection Bureau. You’ll see more emphasis on the compliance management and oversight responsibilities of senior management and Directors. Also you’ll be subject to a steadily increasing ramp-up of Fair Lending issues (and penalties).
Bank compliance today requires the type of information and support that begins with the CBA’s Regulatory Compliance School; it encompasses a network of peers you will get to know at the School. . .and provides the awareness bankers need when managing a cost effective compliance system.
CBA Partners with State Controller’s Office to Highlight Manage Your Money Week: Oct. 18-25
Join us by signing up your bank to participate and partner today!
The California’s Bankers Association is pleased to partner with the State Controller’s Office to highlight Manage Your Money Week, an effort between state and local government agencies, non-profit organizations, schools, libraries and financial institutions to host free money management education events and promote the importance of good money management practices in communities throughout California.
The Small Business Investment Alliance (SBIA) and KPMG would like to invite CBA members to participate in an upcoming complimentary educational event: CRA Investing: An Alternative Approach, in San Francisco on Thursday, November 13. Officials from the Small Business Administration and the OCC will provide presentations, and a banker panel discussing investing in small business investment companies is also on the agenda.
Business Banking and Commercial Lending
Compliance and Risk Management
Management, Sales, and Workplace Skills
Retail Banking and Marketing
Wealth Management & Trust
Estate Planning & Trust Activities
Tax Law & Tax Planning
Description: IRA Online Institute is an intensive 12-week course developed and supported by Ascensus’ professional instructors that teaches in-depth, essential IRA information on Traditional IRAs, Roth IRAs, SEP plans, and SIMPLE IRA plans. Ascensus has tailored its premier on-site IRA training so attendees can conveniently access the web-based study material and submit assignments. Students should expect to spend 15-20 hours a week completing the readings and assignments depending on the student’s prior knowledge of IRAs. The Online Institute is an Institute of Certified Bankers-approved educational program for the Certified IRA Services Professional (CISP) designation.
A Decision Tree Approach, Part 1
Analyzing Financial Statements provides the skills a lender needs to conduct a comprehensive and effective financial analysis of a business borrower. Analyzing Financial Statements clearly illustrates each step required in reviewing the financial statements provided by loan applicants to determine whether a borrower can repay debt to your institution. Realistic case studies and practical application exercises provide hands-on experience in analyzing income statements, balance sheets, and tax forms.
The ABA Universal Banker Certificate provides banking knowledge and skills needed for the newest and fastest growing role in retail banking. Universal bankers have multi-faceted job responsibilities, ranging from minimal cash handling and basic transactions to product and service sales, and referrals to other lines of business. The coursework in the certificate ranges from key product knowledge to relationship building, customer service, and expert referral skills.