CBA Statement on FDIC Quarterly Banking Profile

CBA Statement on FDIC Quarterly Banking Profile


WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Deposit Insurance Corporation released its full-year and fourth quarter 2020 performance report:


“The FDIC’s latest report reveals the nation’s banks remained strong and resilient throughout 2020 despite the financial impact of COVID-19. Banks continue to play an instrumental role in assisting customers and small businesses struggling as a result of the pandemic, and we are proud of the industry’s unwavering commitment to championing the Paycheck Protection Program.


“CBA will continue working with regulators, policymakers and the Biden Administration to solidify balanced policies to ensure a robust consumer and small business banking sector as well as a stable economy.”





About the Consumer Bankers Association:


The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.