Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • June 2, 2020
    Automatic PPP Forgiveness Would Save Small Businesses Billions Automatically forgiving smallest PPP loans would save small businesses more than $7 billion and 70 million hours of labor WASHINGTON – The Consumer Bankers Association and Bank Policy Institute today called on Congress to pass legislation automatically forgiving Paycheck Protection Program loans of $150,000 and less. Approximately 85...
  • May 29, 2020
    CBA on OCC “Valid When Made” Final Rule WASHINGTON, D.C. – The Consumer Bankers Association today released the following statement after the Office of the Comptroller of the Currency issued a final rule clarifying the “valid when made” standard on the sale and purchase of loans: “CBA appreciates the OCC’s efforts to clarify years of uncertainty caused by the Madden case,” said CBA President and...
  • May 21, 2020
    CBA’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, 2020
    CBA 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, 2020
    CBA 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, 2020
    Bookmark 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, 2020
    CBA 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, 2020
    CBA 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, 2020
    CBA 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, 2020
    CBA 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...

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