CBA General Programs
Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.
December 22, 2020CBA-Led Streamlined Forgiveness Effort a Win for Small Businesses -Streamlined forgiveness amounts to approx. $7 billion in addition small business relief- The COVID-19 stimulus legislation passed by Congress will streamline the forgiveness process for about 85 percent of small businesses who received Paycheck Protection Program loans. Simplifying the forgiveness process for loans less than $150,...
December 21, 2020CBA Statement on PPP Provisions in COVID-19 Relief Package Streamlined forgiveness a win for small businesses; SBA should finalize all guidance before reopening program to avoid confusion WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Congressional negotiators announced an agreement on additional COVID assistance measures, which...
December 15, 2020CBA Applauds Small Business Relief Measures in Bipartisan COVID Stimulus WASHINGTON – The Consumer Bankers Association applauded the inclusion of legislation streamlining the forgiveness process for Paycheck Protection Program loans in the latest bipartisan COVID-19 stimulus proposals. The PPP streamlined forgiveness section for loans less than $150,000 pulls from CBA-supported bipartisan,...
November 30, 2020CBA Statement on Treasury Secretary Nomination WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after President-elect Joe Biden nominated Janet Yellen for U.S. Treasury Secretary: “CBA congratulates Janet Yellen on being nominated to serve as the next Treasury Secretary. She is a tested, steady hand and will play a pivotal role as our nation...
November 19, 2020Business-Lender Coalition Calls for Streamlined PPP Forgiveness Streamlined forgiveness would be equivalent of $7 billion in economic aid to small businesses WASHINGTON – A coalition of more than 100 trade associations representing thousands of businesses, nonprofits and financial institutions of all sizes today again called on Congress to streamline the overly burdensome Paycheck Protection...
November 7, 2020CBA Statement on 2020 Election Results WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on Joe Biden being declared the winner of the 2020 presidential election: “CBA congratulates President-Elect Biden and Vice President-Elect Harris on their historic victory. “We look forward to working with the Administration in continuing our economic...
November 4, 2020CBA Statement on Potential COVID Stimulus Streamlined PPP forgiveness would “amount to an additional $7 billion small businesses can use to keep workers on payroll and local economies on the road to recovery.” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Senate Majority Leader Mitch McConnell (R-Ky.) called for additional COVID...
October 20, 2020On Tuesday, October 20, 2020, the federal bank regulatory agencies issued a press release finalizing a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding over a one-year period. The final rule is generally similar to the proposal from May 2016 and includes several changes based on further analysis and public input on the proposal. In...
October 20, 2020Amid Legislative Impasse, CBA Calls on Congress to Pass Standalone Streamlined PPP Forgiveness Legislation WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate held procedural votes on COVID-19 stimulus and Paycheck Protection Program legislation: “While a bipartisan agreement remains elusive for Congress, small businesses are...
October 20, 2020On Tuesday, October 20, 2020, the federal bank regulatory agencies issued a press release finalizing a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. The final rule is substantially similar to the proposal announced last year and complements other measures that the agencies have taken to limit interconnectedness among the largest...Pages
