CBA Statement on FDIC Quarterly Banking Report

February 25, 2020
Allison Heimberg

CBA 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 shows the nation’s banks are strong, revealing healthy loan growth and a continued decrease in ‘problem banks’ from 55 to 51 of FDIC-insured institutions.

 

“Our banking system is well capitalized and well regulated. CBA will continue working with regulators and policymakers to ensure balanced policies to ensure a robust consumer and small business banking sector as well as a strong 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.