Media Releases
September 28, 2020CBA Statement on PPP Language in House Stimulus WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Democrats in the House of Representatives released COVID-19 stimulus legislation, which outlined a new process for Paycheck Protection Program loan forgiveness: “Instead of coming up with complicated, multitiered, burdensome government...
September 22, 2020CBA LIVE 2020 to Feature Regulators, Bank CEO, Top Political Strategists Kicks Off September 29 via virtual platform *** More information about CBA LIVE 2020 is available here and a full program is available here . Media interested in attending should contact Nick Simpson at NSimpson@consumerbankers.com . *** WASHINGTON, D.C. – The Consumer Bankers Association will host its annual conference, CBA...
September 21, 2020CBA Statement on Federal Reserve CRA Vote WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Reserve Board of Governors released an advance notice of proposed rulemaking for its modernization of the Community Reinvestment Act: “Banks currently invest nearly $500 billion each year into low- and moderate-income neighborhoods...
September 17, 2020Business, Lender Coalition Pushes for Streamlined PPP Forgiveness WASHINGTON – A coalition of more than 100 trade associations representing millions of small businesses and financial institutions of all sizes today sent a letter to Congressional Leadership calling for passage of bipartisan legislation to streamline the Paycheck Protection Program forgiveness process for the smallest loans. “We...
September 16, 2020CBA Announces Board Chair, Chair-Elect Christine Channels of Bank of America elected Chair Michelle Lee of Wells Fargo elected Chair-Elect WASHINGTON – The Consumer Bankers Association (CBA) has elected Christine Channels, Head of Community Banking and Client Protection at Bank of America, as Chair of the Board of Directors and Michelle Lee, Executive Vice President, Head of Eastern Region,...
September 10, 2020CBA Calls for Congressional Action on Bipartisan PPP Reform WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Senate’s failed vote on a COVID-19 stimulus package: “If Congress cannot reach an agreement on a larger stimulus bill quickly, they should take up and immediately pass bipartisan legislation supported by a third of the Senate...
August 25, 2020CBA 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...
August 10, 2020CBA Writes Prudential Regulators on CRA PPP loans should qualify for CRA credit; Consistent qualifying activity list vital to CRA compliance WASHINGTON, D.C. – The Consumer Bankers Association today sent two letters to prudential regulators focused on Community Reinvestment Act policy. The first, sent to FDIC Chairman Jelena McWilliams, Federal Reserve Board of Governors Chair Jerome Powell and...
July 31, 2020Business, Lender Groups Call for Streamlined PPP Forgiveness for Mom & Pop Businesses More than 140 trade associations in coalition of small businesses, banks & credit unions WASHINGTON – The Consumer Bankers Association and a coalition of more than 140 trade groups representing small business borrowers and lenders today sent a letter to Congressional Leaders advocating for the passage of...
July 28, 2020CBA Executive Banking School Announces 2020 Graduating Class Five Honors Grads Named; Julie Carey with M&T Bank Honored with Tem Wooldridge Award for Outstanding Academic Performance, Integrity and Leadership WASHINGTON, D.C. – The Consumer Bankers Association (CBA) today graduated 59 bankers from its Executive Banking School and recognized Julie Carey from M&T Bank with the school’s top...
