CBA General Programs

Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.

  • May 21, 2020
    CBA’s Hunt on Otting Announcement WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Joseph Otting announced he was stepping down as the 31st Comptroller of the Currency: “As the first comptroller in more than 30 years with banking experience, Joseph Otting brought not only a clear vision of what he wanted to accomplish but also real-...
  • May 18, 2020
    Bookmark 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 updated its website with breaking news, information and...
  • May 7, 2020
    Consumer Bankers Association President and CEO Richard Hunt appeared on C-SPAN’s Washington Journal to discuss the vital role the leading retail banks are playing in helping small businesses through the Paycheck Protection Program. Hunt also noted the role banks with assets greater than $10 billion played in distributing more than 60 percent of loan volume and nearly 70 percent of loan value...
  • May 4, 2020
    Economists and bank trade group executives attribute the reversal to more active participation of large banks, which were previously less efficient than some smaller banks in shuttling money, hampered by technical glitches and a lack of clarity in guidance from the government. “The program ran out of funds just when the larger banks were at full throttle and had other processes in place, “ said...
  • May 3, 2020
    Consumer Bankers Association President and CEO Richard Hunt said there were “some hurdles along the way, but in the end, banks with assets greater than $10 billion invested heavily in ensuring this program was a success, making more than half of individual loans and more than two-thirds of the total loan dollar value during this second phase.” He said banks working with the SBA “were able to make...
  • May 3, 2020
    CBA Statement on Latest PPP Numbers Banks over $10B made majority of total loan volume, value WASHINGTON – Consumer Bankers Association President and CEO released the following statement after the Small Business Administration announced the latest Paycheck Protection Program loan totals: “On behalf of the men and women who work at small businesses across the country in need, I am proud to say...
  • May 1, 2020
    Smoothing the forgiveness process is critical for the program to succeed, but a lack of government guidance on the related calculations and necessary documentation could land borrowers and banks alike with billions in unexpected debts. Spokespeople for the Treasury and SBA did not respond to requests for comment, but the agencies are aware of the issues said David Pommerehn, general counsel of...
  • April 27, 2020
    Richard Hunt, CEO of Consumer Bankers Association, joins “Squawk on the Street” to discuss as a second round of funds is launched by the small business loan program.
  • April 24, 2020
    On Tuesday, March 10, President Trump emerged from talks with U.S. senators on ways to stimulate the economy during the COVID-19 crisis, and said, “Just stay calm, it will go away.” Consumer Bankers Association CEO Richard Hunt heard a different tune the following day, when he met with Trump and other banking industry executives at the White House. On returning to CBA headquarters, he gathered...
  • April 21, 2020
    CBA Statement on Deal to Add Additional PPP Funds WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Congressional leaders and the Administration reached an agreement to authorize additional funding for the Paycheck Protection Program, which ran through an initial authorization of nearly $350 billion in less than two weeks: “The Paycheck...

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