Small Business Lending
Small business lending is a top priority for CBA’s member banks. CBA strongly believes small businesses are the lifeblood of the U.S. economy and we remain committed to improving the small business lending environment and process through pro-business legislation and regulation. Collectively, CBA’s member banks have over $200 billion in small business loans on their books, and remain committed to exploring innovative ways to address the needs of lenders and borrowers alike.
November 2, 2021 - 12:00PMUpcoming
September 24, 2021Dear Chairs Yarmuth and Velázquez, and Ranking Members Smith and Luetkemeyer: On behalf of the Consumer Bankers Association (CBA), I am writing to share our concerns with the provision contained within the Committee on Small Business section (Title X, SEC. 100502. FUNDING FOR CREDIT ENHANCEMENT AND SMALL DOLLAR LOAN FUNDING) of the underlying Budget Reconciliation Bill, that would authorize the...
September 14, 2021In a new letter sent today to the Administrator of the U.S. Small Business Administration (SBA) Isabella Guzman, the Consumer Bankers Association (CBA) touted the work of the nation’s leading banks in helping America’s small businesses through the Paycheck Protection Program (PPP) forgiveness process and released the results of an internal survey showing “CBA members have reached roughly 97...
September 14, 2021In an interview yesterday with Yahoo Finance and a new op-ed published today in Morning Consult to commemorate National Small Business Week, CBA President and CEO Richard Hunt recognized the indelible role America’s leading banks played in supporting the nation’s 30 million small businesses during this economic crisis. Through the successful implementation of the Paycheck Protection Program, this...
September 13, 2021The Consumer Bankers Association (CBA), International Franchise Association (IFA), National Association of Women Business Owners (NAWBO), and U.S. Hispanic Chamber of Commerce (USHCC) are joining forces this National Small Business Week to acknowledge the perseverance of our nation’s 30 million small and franchised businesses as well as the indelible role America’s leading banks have played to...
September 1, 2021WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today released the following statement after the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) for Section 1071 of the Dodd-Frank Act to expand data collection requirements for financial institutions in the small business lending market: “For more than a century, CBA member banks...
August 31, 2021In a new letter sent to the U.S. House Committee on Small Business, the Consumer Bankers Association reiterated the commitment from America’s leading banks to provide a simplified and streamlined forgiveness process for 2021 Paycheck Protection Program (PPP) borrowers. CBA member banks represented 13 of the top 15 PPP lenders in 2020, and their efforts have helped protect more than 90 million...
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CBA Comment Letter re Larger Participant Rule Lending