CBA General Programs

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

  • April 17, 2020
    Dear Chair Powell: The Consumer Bankers Association (“CBA”) appreciates the opportunity to comment on the Federal Reserve’s Main Street Lending Program (“Main Street”). CBA applauds the Federal Reserve for swiftly acting to aid America’s small- and mid-sized businesses as we endure the uncertainties presented by the COVID-19 crisis. CBA has reviewed the details of the Main Street Lending Program...
  • April 16, 2020
    CBA Statement on Depletion of PPP Funds “Additional funding for all lenders is needed now to ensure there are no breaks in service to small businesses seeking assistance as a result of the coronavirus outbreak *** The millions of men and women who work at America’s small businesses and their families are battling a health crisis while also facing an economic crisis unless Congress authorizes...
  • April 15, 2020
    That’s how fast the Small Business Administration has been providing delegated authority to lenders to disperse PPP loans. By mid-afternoon Wednesday, $5 billion in approvals was being granted every two hours. Consumer Bankers Association President and CEO Richard Hunt said on a conference call that the program might need $1 trillion before it’s done. “We think any hour now we’ll reach the $345...
  • April 15, 2020
    CBA Asks Treasury, SBA for Urgent PPP Guidance Requests include queuing of loans with SBA, Additional PPP funding WASHINGTON – The Consumer Bankers Association today requested the Department of Treasury and the Small Business Administration provide additional guidance on key aspects of the Paycheck Protection Program as well as reiterating the request for Congress to authorize additional funds...
  • April 14, 2020
    Additional 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...
  • April 13, 2020
    CBA 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...
  • April 9, 2020
    Call materials for CBA Member Call on April 9, 2020 @ 4 p.m. ET About Economic Impact Payments EIP Timeline April 10 Direct deposit: About 75M transactions transmitted over 3 days April 15 Direct deposit funds available for consumers April 20 Check processing begins: Expect 5M checks to be issued weekly, with first batch released approximately May 4 (tentative) and continuing for as long as 20...
  • April 9, 2020
    Call materials for CBA Member Call on April 9, 2020 @ 4 p.m. ET About Economic Impact Payments EIP Timeline April 10 Direct deposit: About 75M transactions transmitted over 3 days April 15 Direct deposit funds available for consumers April 20 Check processing begins: Expect 5M checks to be issued weekly, with first batch released approximately May 4 (tentative) and continuing for as long as 20...
  • March 30, 2020
    Banks Working with Customers During COVID-19 Pandemic WASHINGTON, D.C. – The well-capitalized and well-regulated banking industry is deeply committed to serving customers, communities and small businesses facing economic hardships as a result of the coronavirus (COVID-19). Banks have already mobilized assistance programs and are eager to continue offering assistance as well as implement federal...
  • March 26, 2020
    CBA Statement on Bipartisan COVID-19 Stimulus Package WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after a bipartisan coronavirus stimulus package was released by Congressional and White House negotiators: “The nation’s leading banks are well-capitalized, well-positioned and already helping customers meet their financial needs during this...

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