Media Releases
November 19, 2020Business-Lender Coalition Calls for Streamlined PPP Forgiveness Streamlined forgiveness would be equivalent of $7 billion in economic aid to small businesses WASHINGTON – A coalition of more than 100 trade associations representing thousands of businesses, nonprofits and financial institutions of all sizes today again called on Congress to streamline the overly burdensome Paycheck Protection...
November 7, 2020CBA Statement on 2020 Election Results WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on Joe Biden being declared the winner of the 2020 presidential election: “CBA congratulates President-Elect Biden and Vice President-Elect Harris on their historic victory. “We look forward to working with the Administration in continuing our economic...
November 4, 2020CBA Statement on Potential COVID Stimulus Streamlined PPP forgiveness would “amount to an additional $7 billion small businesses can use to keep workers on payroll and local economies on the road to recovery.” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Senate Majority Leader Mitch McConnell (R-Ky.) called for additional COVID...
October 20, 2020Amid Legislative Impasse, CBA Calls on Congress to Pass Standalone Streamlined PPP Forgiveness Legislation WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate held procedural votes on COVID-19 stimulus and Paycheck Protection Program legislation: “While a bipartisan agreement remains elusive for Congress, small businesses are...
October 19, 2020CBA Statement on FDIC Unbanked Survey Results WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released results of a survey revealing a record number of American households with bank accounts in 2019: “The nation’s banks are well-capitalized, well-positioned and committed to ensuring...
October 16, 2020CBA Statement on PPP Report WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the House Select Subcommittee on the Coronavirus Crisis majority issued its report on the Administration’s implementation of the Paycheck Protection Program: “America’s financial institutions invested heavily in implementing the Paycheck Protection Program to...
October 13, 2020CBA, SBFE Small Business Data Shows First Full COVID-19 Quarter, PPP Impact WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends report covering the second quarter of 2020. The report, which is released quarterly, examines key credit information for America’s small businesses and shows delinquency peaking for most...
October 9, 2020CBA Statement on Treasury, SBA Latest PPP Forgiveness Process WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Small Business Administration and the Department of Treasury attempted to streamline the forgiveness application for Paycheck Protection Program loans less than $50,000: “While we appreciate SBA and Treasury attempting to...
October 1, 2020BMO Harris, IBC Bank Win CBA’s 2020 Joe Belew Award WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today presented the tenth annual Joe Belew Award to BMO Harris Bank and IBC Bank. The 2020 Joe Belew Award was presented to the CBA member-bank applicants with the most innovative and impactful community development programs. In keeping with the theme of CBA LIVE 2020 and its promise of “...
September 30, 2020CBA Statement on PPP Streamlined Forgiveness UC *** “Small businesses need practical forgiveness solutions now, not months from now” and “We are disappointed some Senators chose to stand in the way of helping small businesses in their states.” *** WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Sen. Kevin Cramer (R-N.D.) offered a...
