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.
  • December 1, 2017
    Commission Would Have Prevented CFPB Leadership Turmoil Former CFPB Director Richard Cordray first assumed his position under a legal cloud and he left the same way. From his resignation to the appointment of two separate acting CFPB directors to legal battles and protests, this week has been a circus for the CFPB. To recap, here is an abbreviated version of what took place: On Black Friday:...
  • November 30, 2017
    WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today expressed strong support for the Right to Lend Act of 2017 (H.R. 4452) introduced by Congressman Robert Pittenger. The legislation would repeal Section 1071 of the Dodd-Frank Act, which in practice would require lenders to collect multiple data points from business loan applications and report to the government data on certain...
  • November 29, 2017
    November 29, 2017 The Honorable Robert Pittenger U.S. House of Representatives 224 Cannon House Office Building Washington, D.C. 20515 Dear Representative Pittenger: The Consumer Bankers Association (CBA) strongly supports H.R. 4452, the Right to Lend Act of 2017, which would amend the Equal Credit Opportunity Act to repeal the small business loan data collection requirement mandated by Section...
  • November 27, 2017
    Do your 2018 marketing priorities stack up to your peers? 54% of marketers are focused on cross-sell, deepening relationships, and improving their share-of-wallet according to the Digital Banking Report. Learn how to prepare for next year by downloading EVERFI’s new 38 page guidebook complete with tactical worksheets titled The Ultimate Guide to Financial Marketing Strategy for 2018: An...
  • November 13, 2017
    November 13, 2017 The Honorable Jeb Hensarling Chairman Committee on Financial Services U.S. House of Representatives 2129 Rayburn House Office Building Washington, D.C. 20515 The Honorable Maxine Waters Ranking Member Committee on Financial Services U.S. House of Representatives 4340 O’Neill House Office Building Washington, D.C. 20024 Dear Chairman Hensarling and Ranking Member Waters: The...
  • September 29, 2017
    CBA to CFPB: Help Banks Serve Consumers in Need of Short-Term Credit A huge segment of consumers are struggling to make ends meet in a given month – 43 percent to be exact – according to a new CFPB survey. Since the FDIC and OCC issued guidance essentially pushing banks out of the small-dollar lending market, consumers have been forced to use less-safe, less-regulated and more costly entities to...
  • September 13, 2017
    September 13, 2017 The Honorable Richard Cordray C/O Monica Jackson, Office of the Executive Secretary Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Submitted electronically to: http://www.regulations.gov Re: Docket No.: CFPB-2017-0011 - Small Business Data Collection Dear Director Cordray: The Consumer Bankers Association (―CBA‖)1 greatly appreciates the opportunity...
  • September 13, 2017
    On Wednesday, September 13, 2017, CBA submitted comments on the CFPB’s Request for Information about the small business lending market. Section 1071 of the Dodd-Frank Act, which amends the Equal Credit Opportunity Act (ECOA) to require financial institutions to compile, maintain, and report information concerning credit applications made by women-owned, minority-owned, and small businesses. Under...
  • September 8, 2017
    It’s very tempting for marketers to think of their marketing activities in terms of channels like search, display, direct mail, and email. This approach can be dangerous as consumers don’t think by channel. Savvy marketers should be looking deeper to see a more powerful prediction of behavior and common thread that ties these channels together: Marketing Signals. Consumers create signals when...
  • September 8, 2017
    Getting businesses to shift their banking relationship is a challenge. However, most banks still have limited or no direct marketing budget targeted to small businesses. Banks not capitalizing on this high return opportunity often tend to relate a history of underwhelming results from small business campaigns. This is not surprising, given the analytic complexity necessary for success. However,...

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