Media Releases
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, 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...
September 22, 2020CBA LIVE 2020 to Feature Regulators, Bank CEO, Top Political Strategists Kicks Off September 29 via virtual platform *** More information about CBA LIVE 2020 is available here and a full program is available here . Media interested in attending should contact Nick Simpson at NSimpson@consumerbankers.com . *** WASHINGTON, D.C. – The Consumer Bankers Association will host its annual conference, CBA...
September 21, 2020CBA Statement on Federal Reserve CRA Vote WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Reserve Board of Governors released an advance notice of proposed rulemaking for its modernization of the Community Reinvestment Act: “Banks currently invest nearly $500 billion each year into low- and moderate-income neighborhoods...
September 17, 2020Business, Lender Coalition Pushes for Streamlined PPP Forgiveness WASHINGTON – A coalition of more than 100 trade associations representing millions of small businesses and financial institutions of all sizes today sent a letter to Congressional Leadership calling for passage of bipartisan legislation to streamline the Paycheck Protection Program forgiveness process for the smallest loans. “We...
September 16, 2020CBA Announces Board Chair, Chair-Elect Christine Channels of Bank of America elected Chair Michelle Lee of Wells Fargo elected Chair-Elect WASHINGTON – The Consumer Bankers Association (CBA) has elected Christine Channels, Head of Community Banking and Client Protection at Bank of America, as Chair of the Board of Directors and Michelle Lee, Executive Vice President, Head of Eastern Region,...
September 10, 2020CBA Calls for Congressional Action on Bipartisan PPP Reform WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate’s failed vote on a COVID-19 stimulus package: “If Congress cannot reach an agreement on a larger stimulus bill quickly, they should take up and immediately pass bipartisan legislation supported by a third of the Senate...
