Nick Simpson
Senior Vice President, Public Affairs
- (202) 552-6371
- nsimpson@consumerbankers.com
- @nicklaus
- Nick SImpson
More From Nick Simpson
April 14, 2020Additional PPP Funds Needed for Small Businesses, Employees WASHINGTON – Leading financial services trade associations today wrote Congressional leadership calling for Congress to quickly authorize additional funds for the Paycheck Protection Program. Funds from the original $349 billion authorization are expected to be fully obligated soon, leaving out countless small business owners and their employees still awaiting access to the program. “The Small Business Administration’s Paycheck Protection Program has already provided a critical economic lifeline to small businesses across the country...
April 13, 2020CBA Statement on Need for Additional PPP Funds WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the need for Congress to approve additional funding for the Paycheck Protection Program: “The Paycheck Protection Program has been incredibly popular with millions of small businesses submitting applications. The banking industry has mobilized quickly and worked tirelessly to implement a new $349 billion program based on limited information in less than a week. While getting these loans approved is a top priority, funds are already...
April 9, 2020CBA Comment Letter on OCC-FDIC Community Reinvestment Act NPR Applauds efforts to increase consistency and transparency, proposes alternative approach in some areas WASHINGTON – The Consumer Bankers Association yesterday submitted comments to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation on the agencies’ joint Community Reinvestment Act notice of proposed rulemaking. Through CRA, banks invest approximately $500 billion into low- to moderate-income communities across the nation. The current rule, passed in the 1970s and only updated once in the mid-...
