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.
  • January 17, 2018
    January 17, 2018 The Honorable Steve Chabot Chairman Committee on Small Business U.S. House of Representatives 2371 Rayburn House Office Building Washington, D.C. 20515 The Honorable Nydia M. Velazquez Ranking Member Committee on Small Business U.S. House of Representatives 2302 Rayburn House Office Building Washington, D.C. 20515 Dear Chairman Chabot and Ranking Member Velazquez: On behalf of...
  • 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 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
    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 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...
  • July 12, 2017
    July 13, 2017 The Honorable Blaine Luetkemeyer Chairman Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit U.S. House of Representatives 2230 Rayburn House Office Building Washington, D.C. 20515 The Honorable Lacy Clay Ranking Member Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit U.S. House of Representatives 2428...
  • June 29, 2017
    On Thursday, June 29, 2017, the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing entitled, “A Review of SBA’s 504/CDC Loan Program.” During the hearing the subcommittee members questioned witnesses about the effectiveness of the program and its functionality. The hearing featured testimonies from: Ms. Natasha Merz, Vice President of Langley...

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