Media Releases
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,...
December 1, 2020CBA Statement on FDIC Quarterly Banking Profile WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Deposit Insurance Corporation’s quarterly banking profile: “The FDIC’s third quarter report revealed strong capital levels and historically low problem bank numbers, a testament to the industry’s efforts to build a solid, resilient...
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, 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 19, 2020CBA Statement on FDIC Unbanked Survey Results WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released results of a survey revealing a record number of American households with bank accounts in 2019: “The nation’s banks are well-capitalized, well-positioned and committed to ensuring...
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...
