CBA General Programs
Items about the Consumer Bankers Association and its initiatives, including CBA Advanced Education, CBA LIVE, CBA Team news and more.
October 16, 2020“The Members of Congress drafting this report are highlighting the issues directly related to the way they structured the program and banks raised with them and SBA during the breakneck implementation,” said Richard Hunt, chief executive of the Consumer Bankers Association, a trade group for retail banks. Mr. Hunt said the program’s average loan size, at $100,729 , proved “banks were able to...
October 16, 2020On Friday, October 16, 2020, CBA President and CEO Richard Hunt issued the following statement after the House Select Subcommittee on the Coronavirus Crisis majority issued its report on the Administration’s implementation of the Paycheck Protection Program: “America’s financial institutions invested heavily in implementing the Paycheck Protection Program to help save mom-and-pop small businesses...
October 16, 2020CBA Statement on PPP Report WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the House Select Subcommittee on the Coronavirus Crisis majority issued its report on the Administration’s implementation of the Paycheck Protection Program: “America’s financial institutions invested heavily in implementing the Paycheck Protection Program to...
October 13, 2020CBA, SBFE Small Business Data Shows First Full COVID-19 Quarter, PPP Impact WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends report covering the second quarter of 2020. The report, which is released quarterly, examines key credit information for America’s small businesses and shows delinquency peaking for most...
October 9, 2020According to a September report by the Government Accountability Office, a watchdog for the U.S. Congress, a loan forgiveness application could take some borrowers 15 hours to complete, and a complex application could take a bank 50-75 hours to review. The Consumer Bankers Association, a trade group, welcomed the latest measure, but said there was more work to do. “It is apparent Congressional...
October 9, 2020Trade groups for banks and credit unions have lobbied hard for simplified forgiveness. They showed no inclination of abandoning their efforts after the SBA's announcement late Thursday. Consumer Bankers Association President and CEO Richard Hunt called the streamlined application a move in the right direction, but he said it didn’t exempt enough borrowers and was still too complicated. “This...
October 9, 2020CBA Statement on Treasury, SBA Latest PPP Forgiveness Process WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Small Business Administration and the Department of Treasury attempted to streamline the forgiveness application for Paycheck Protection Program loans less than $50,000: “While we appreciate SBA and Treasury attempting to...
October 1, 2020BMO Harris, IBC Bank Win CBA’s 2020 Joe Belew Award WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today presented the tenth annual Joe Belew Award to BMO Harris Bank and IBC Bank. The 2020 Joe Belew Award was presented to the CBA member-bank applicants with the most innovative and impactful community development programs. In keeping with the theme of CBA LIVE 2020 and its promise of “...
September 30, 2020CBA Statement on PPP Streamlined Forgiveness UC *** “Small businesses need practical forgiveness solutions now, not months from now” and “We are disappointed some Senators chose to stand in the way of helping small businesses in their states.” *** WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Sen. Kevin Cramer (R-N.D.) offered a...
September 28, 2020CBA Statement on PPP Language in House Stimulus WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Democrats in the House of Representatives released COVID-19 stimulus legislation, which outlined a new process for Paycheck Protection Program loan forgiveness: “Instead of coming up with complicated, multitiered, burdensome government...
