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Small Business Lending
Small business lending is a top priority for CBA’s member banks. CBA strongly believes small businesses are the lifeblood of the U.S. economy and we remain committed to improving the small business lending environment and process through pro-business legislation and regulation. Collectively, CBA’s member banks have over $200 billion in small business loans on their books, and remain committed to exploring innovative ways to address the needs of lenders and borrowers alike.
- February 4, 2014October 30, 2013Dear Sir or Madam: The Consumer Bankers Association (CBA) appreciates the opportunity to submit comments in response to the proposed rule that would determine which loans would be defined as a qualified mortgage (QM) for single family mortgages insured and guaranteed by the Department of Housing and Urban Development (HUD). Under the Dodd–Frank Wall Street Reform and Consumer Protection Act, HUD...October 18, 2013CFPB Issues Bulletin, Interim Rules to Clarify Mortgage Servicing Requirements On Tuesday, October 15, 2013, the CFPB released a bulletin and interim final rule providing additional guidance on the mortgage servicing rules issued in January. The guidance addresses several issues, such as communications with family members of deceased barrowers, contact with delinquent borrowers, and the treatment...September 24, 2013Washington, D.C. (September 24, 2013) – Two years ago 13 major U.S. banks made a commitment to the American people to increase lending by $20 billion to small businesses by September 2014. Today—one year ahead of the deadline— data from those 13 banks shows their combined small business lending increased by $17 billion, already at 85 percent of the $20 billion goal. The Financial Services...August 9, 2013CBA and Trades Urge CFPB to Provide Reasonable Compliance Grace Period On Monday, August 5, 2013, CBA led a joint trades letter with the Education Finance Council (EFC), the National Council of Higher Education Resources (NCHER), and the Student Loan Servicing Alliance (SLSA) to CFPB Director Richard Cordray urging the Bureau to immediately provide private student lenders and servicers with a 30-...June 12, 2013Dear Chairman Landrieu and Ranking Member Risch: The Consumer Bankers Association (CBA), the only national financial trade group focused exclusively on retail banking and consumer financial services, writes to you in support of S. 289, the “Commercial Real Estate and Economic Development” (CREED) Act of 2013. CBA applauds your leadership on this legislation, which would extend the low-interest...May 14, 2013May 6, 2013Dear Mr. Kelley: The National Association of Government Guaranteed Lenders (NAGGL) and the Consumer Bankers Association (CBA) (collectively “the Associations”) appreciate the opportunity to comment on the U.S. Small Business Administration (SBA) proposed rule that would amend 13 CFR 121 to modify the rules governing Affiliation as Applied to the Business Loan Programs. The Associations strongly...April 26, 2013Dear Mr. Kelley: The National Association of Government Guaranteed Lenders (NAGGL), The Financial Services Roundtable (FSR) and the Consumer Bankers Association (CBA) (collectively “the Associations”) appreciate the opportunity to comment on the U.S. Small Business Administration's (SBA) proposed rule that would amend 13 CFR 120 to eliminate Section 120.102, Funds not available from alternative...April 12, 2013Letter to Cordray CBA sent a joint-trades letter to Director Cordray this week requesting more time and guidance from the CFPB on the mortgage rules. The industry’s most urgent concern right now is the incredibly short period of time allowed to comply with the new mortgage rules. We urge the CFPB to clarify the rules and extend compliance deadlines. See our CFPB report below for more information...