Allison Heimberg
Manager, Media Relations & Communications
More From Allison Heimberg
May 29, 2020CBA on OCC “Valid When Made” Final Rule WASHINGTON, D.C. – The Consumer Bankers Association today released the following statement after the Office of the Comptroller of the Currency issued a final rule clarifying the “valid when made” standard on the sale and purchase of loans: “CBA appreciates the OCC’s efforts to clarify years of uncertainty caused by the Madden case,” said CBA President and CEO Richard Hunt. “The final rule is a positive development and will allow the nation’s banks to further fulfill the needs of consumers and continue operating in a safe and sound manner.” ### About the...
May 20, 2020CBA Statement on Interagency Small-Dollar Guidance WASHINGTON, D.C. – CBA President and CEO Richard Hunt issued the following statement after the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency issued guidance for offering responsible small-dollar loans to meet short-term credit needs: “CBA is pleased the federal agencies are encouraging responsible small-dollar loans for both consumer and small business purposes. “Americans do not have the funds to cover emergency expenses and the...
May 18, 2020Bookmark this page! CBA's COVID-19 Resource Hub is home to the latest pandemic-related information for financial institutions. Learn about CBA member activities and initiatives aimed at helping impacted customers, as well as up to date information on federal programs and news for retail banks. Details are rapidly-changing. CBA will regularly update its website with breaking news, information and details as events progress. CBA Member Activities & Initiatives CBA Comment Letters & Media Releases Paycheck Protection Program Economic Impact Payments CARES Act & HEROES Act Media...
