Media Releases
January 19, 2021CBA Statement on PPP Reopening WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement in advance of the Small Business Administration reopening today the Paycheck Protection Program for loan submission by all lenders: “The nation’s well-regulated banking industry has been a source of strength throughout this pandemic and, just like last year, are...
January 19, 2021CBA Statement on Chopra Nomination, CFPB Leadership WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the nomination of Federal Trade Commission Commissioner Rohit Chopra to serve as the next Director of the Consumer Financial Protection Bureau: "CBA commends Commissioner Chopra on his nomination to become the CFPB‘s third director. We look...
January 14, 2021CBA Statement on Acting Comptroller Brooks WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Acting Comptroller Brian Brooks announced today would be his last day at the Office of the Comptroller of the Currency and OCC Chief Operating Officer Blake Paulson would assume the role of Acting Comptroller: “We would like to thank Acting...
January 8, 2021CBA Statement on PPP Reopening “We are just as committed now as we were last year to helping every small business in need receive the necessary relief to survive the economic effects of this pandemic.” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement ahead of the Paycheck Protection Program’s reopening: “Banks are prepared once again to...
January 5, 2021CBA Statement on CFPB Consumer Taskforce Report WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial Law’s report on ways to modernize and harmonize federal consumer financial laws: “The CFPB, Taskforce members and Director Kraninger should be commended for...
December 22, 2020CBA-Led Streamlined Forgiveness Effort a Win for Small Businesses -Streamlined forgiveness amounts to approx. $7 billion in addition small business relief- The COVID-19 stimulus legislation passed by Congress will streamline the forgiveness process for about 85 percent of small businesses who received Paycheck Protection Program loans. Simplifying the forgiveness process for loans less than $150,...
December 21, 2020CBA Statement on PPP Provisions in COVID-19 Relief Package Streamlined forgiveness a win for small businesses; SBA should finalize all guidance before reopening program to avoid confusion WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Congressional negotiators announced an agreement on additional COVID assistance measures, which...
December 15, 2020CBA Applauds Small Business Relief Measures in Bipartisan COVID Stimulus WASHINGTON – The Consumer Bankers Association applauded the inclusion of legislation streamlining the forgiveness process for Paycheck Protection Program loans in the latest bipartisan COVID-19 stimulus proposals. The PPP streamlined forgiveness section for loans less than $150,000 pulls from CBA-supported bipartisan,...
December 1, 2020CBA Statement on FDIC Quarterly Banking Profile WASHINGTON – 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 third quarter report revealed strong capital levels and historically low problem bank numbers, a testament to the industry’s efforts to build a solid, resilient...
November 30, 2020CBA Statement on Treasury Secretary Nomination WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after President-elect Joe Biden nominated Janet Yellen for U.S. Treasury Secretary: “CBA congratulates Janet Yellen on being nominated to serve as the next Treasury Secretary. She is a tested, steady hand and will play a pivotal role as our nation...
