CBA Statement on FDIC Quarterly Banking Report

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 is another sign of the banking industry’s strength throughout the COVID-19 pandemic. Banks of all sizes have joined together to support struggling communities, small businesses and customers during their time of need.

 

“CBA looks forward to working with regulators to ensure regulations allow the necessary flexibility for banks to continue maintaining strong capital reserves and providing credit so the industry can remain a source of strength for America’s economy.”

 

 

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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.