Commercial Bank of California: Why the California Commercial Bankers Association is a threat to the financial system
Commercial Bank Association, or CBAA, the nation’s largest commercial bank lobby group, wants a government takeover of the state’s financial system.
The group wants the federal government to take control of the Central California Financial Institutions (CCFI) program, which allows banks to issue short-term loans to small businesses.
It also wants the CCFI program to be completely outsourced to a private firm, so that no bank or credit union can dominate the program.
The CCFI system was set up to ease the burden of capital for the state-run banks, but has become a magnet for predatory lending and predatory pricing.
The bank lobby has opposed any efforts to rein in predatory lending by the state and the federal governments.
CBAA says the CFI program “is not a safe harbor for banks” and should be shut down immediately.
The CFI was created in the 1980s to make small businesses and small businesses-sponsored enterprises (SJOEs) more competitive with larger, bigger banks.
CBIA says the state is subsidizing the bank industry by using CCFI money for credit programs that are “far too generous and allow for undue concentration of economic power in a few institutions.”
The group says the CCII program “has become an increasingly powerful tool in the hands of the financial institutions to crush small businesses.”
It also wants to abolish the CCI program altogether.
Cbis commercial banking,or Cbis, is the largest bank lobby in California.
It has a long history of advocating for the bank lobby.
Its most famous lobbying effort was its 1994 letter to Gov.
Gray Davis, a Democrat, that was widely cited as the start of the commercial bank takeover.
That letter said that Davis was going to appoint a new president and chief executive officer and the bank would get control of state-operated bank branches.
Citing a CBIA-backed study, the state Senate Banking and Insurance Committee approved a bill that would have eliminated the CCCI program.
The Senate passed the bill, but the bill never made it to the desk of Gov.
Davis, who signed it into law.
CBIs financial services director, Jim Hinkle, was named chief executive of the bank.
Citizens for Community Banking, or CCBG, is also a major bank lobby and has opposed state efforts to make it easier for small businesses to access credit.
CCBG has fought a range of reforms in the state, including a ban on credit card purchases of more than $10.00 for individuals and $10,000 for corporations.
It argues that banks are becoming more like banks, so the CCBI program should be eliminated.CBG has said the CCEF program is too lenient and that it is unfair to large businesses.
CCBGs chief financial officer, Mike McCarter, has called for the elimination of the CCIC, or Commercial Credit Infrastructure Corporation, a government-backed program that has been used to facilitate lending to small banks and SJOEs.