Media Releases
August 25, 2020CBA Statement on FDIC Quarterly Banking Report WASHINGTON, D.C. – 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 latest quarterly report is another sign of the banking industry’s strength throughout the COVID-19 pandemic. Banks of all sizes have joined together to...
August 10, 2020CBA Writes Prudential Regulators on CRA PPP loans should qualify for CRA credit; Consistent qualifying activity list vital to CRA compliance WASHINGTON, D.C. – The Consumer Bankers Association today sent two letters to prudential regulators focused on Community Reinvestment Act policy. The first, sent to FDIC Chairman Jelena McWilliams, Federal Reserve Board of Governors Chair Jerome Powell and...
July 31, 2020Business, Lender Groups Call for Streamlined PPP Forgiveness for Mom & Pop Businesses More than 140 trade associations in coalition of small businesses, banks & credit unions WASHINGTON – The Consumer Bankers Association and a coalition of more than 140 trade groups representing small business borrowers and lenders today sent a letter to Congressional Leaders advocating for the passage of...
July 28, 2020CBA Executive Banking School Announces 2020 Graduating Class Five Honors Grads Named; Julie Carey with M&T Bank Honored with Tem Wooldridge Award for Outstanding Academic Performance, Integrity and Leadership WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today graduated 59 bankers from its Executive Banking School and recognized Julie Carey from M&T Bank with the school’s top...
July 27, 2020WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Paycheck Protection Program forgiveness provision in the Health, Economic Assistance, Liability, and Schools (HEALS) Act: “Streamlined forgiveness for millions of small businesses on Main Street struggling through this pandemic is an absolute must and we are glad it is a central part of...
July 24, 2020WASHINGTON – The Consumer Bankers Association, Bank Policy Institute, International Franchise Association, National Association of Federally-Insured Credit Unions and U.S. Chamber of Commerce applauded bipartisan legislation introduced by Reps. Chrissy Houlahan (D-Penn.) and Fred Upton (R-Mich.) to streamline Paycheck Protection Program loan forgiveness for the smallest businesses receiving PPP...
July 23, 2020WASHINGTON, DC – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Senate’s passage of legislation to prevent the garnishment of COVID stimulus payments: “Americans are continuing to battle not only the health but also economic impact of the COVID-19 pandemic. “This legislation is consistent with efforts by both consumer and banking groups to...
July 20, 2020CBA, SBFE Release Quarterly Small Business Lending Data Report covers onset of COVID-19 pandemic WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends report covering the first quarter of 2020. The report, which is released quarterly, examines key credit information for America’s small businesses and each area examined...
July 17, 2020CBA on Mnuchin Support of PPP Forgiveness for Smallest Businesses WASHINGTON – Consumers Bankers Association President and CEO Richard Hunt issued the following statement after Treasury Secretary Steven Mnuchin indicated he would support automatic or a more streamlined forgiveness process for Paycheck Protection Program loans for the smallest loan recipients during a House Small Business...
July 9, 2020Small Business, Lender Associations Call for Streamlined PPP Forgiveness for “Main Street” Small Businesses *** More than 130 trade associations in coalition Relief for smallest PPP loans of less than $150,000 *** WASHINGTON – The Consumer Bankers Association, International Franchise Association and U.S. Chamber of Commerce led a coalition of more than 130 trade groups representing small business...
