Media Releases
May 21, 2020CBA’s Hunt on Otting Announcement WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Joseph Otting announced he was stepping down as the 31st Comptroller of the Currency: “As the first comptroller in more than 30 years with banking experience, Joseph Otting brought not only a clear vision of what he wanted to accomplish but also real-...
May 20, 2020CBA on OCC’s Community Reinvestment Rule Rule adds transparency and objectivity; Banks need maximum time for implementation WASHINGTON – The Consumer Bankers Association today released the following statement after the Office of the Comptroller of the Currency issued a final rule on modernizing the Community Reinvestment Act: “The OCC and Comptroller Otting should be commended for attempting to...
May 20, 2020CBA Statement on Interagency Small-Dollar Guidance WASHINGTON, D.C. – CBA President and CEO Richard Hunt issued the following statement after the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency issued guidance for offering responsible small-dollar loans to meet short-term credit needs: “...
May 18, 2020Bookmark this page! CBA's COVID-19 Resource Hub is home to the latest pandemic-related information for financial institutions. Learn about CBA member activities and initiatives aimed at helping impacted customers, as well as up to date information on federal programs and news for retail banks. Details are rapidly-changing. CBA will regularly update its website with breaking news, information and...
May 7, 2020CBA Statement on CFPB FAQs Related to COVID-19 WASHINGTON, D.C. – CBA President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau issued guidance consistent with CBA’s request to clarify what constitutes a “complete” Paycheck Protection Program application for purposes of Regulation B adverse action notification: “PPP is considered a lifeline for...
May 3, 2020CBA Statement on Latest PPP Numbers Banks over $10B made majority of total loan volume, value WASHINGTON – Consumer Bankers Association President and CEO released the following statement after the Small Business Administration announced the latest Paycheck Protection Program loan totals: “On behalf of the men and women who work at small businesses across the country in need, I am proud to say...
April 21, 2020CBA Statement on Deal to Add Additional PPP Funds WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Congressional leaders and the Administration reached an agreement to authorize additional funding for the Paycheck Protection Program, which ran through an initial authorization of nearly $350 billion in less than two weeks: “The Paycheck...
April 16, 2020CBA Statement on Depletion of PPP Funds “Additional funding for all lenders is needed now to ensure there are no breaks in service to small businesses seeking assistance as a result of the coronavirus outbreak *** The millions of men and women who work at America’s small businesses and their families are battling a health crisis while also facing an economic crisis unless Congress authorizes...
April 15, 2020CBA Asks Treasury, SBA for Urgent PPP Guidance Requests include queuing of loans with SBA, Additional PPP funding WASHINGTON – The Consumer Bankers Association today requested the Department of Treasury and the Small Business Administration provide additional guidance on key aspects of the Paycheck Protection Program as well as reiterating the request for Congress to authorize additional funds...
April 14, 2020Additional PPP Funds Needed for Small Businesses, Employees WASHINGTON – Leading financial services trade associations today wrote Congressional leadership calling for Congress to quickly authorize additional funds for the Paycheck Protection Program. Funds from the original $349 billion authorization are expected to be fully obligated soon, leaving out countless small business owners and their...
