Media Releases
July 27, 2020WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Paycheck Protection Program forgiveness provision in the Health, Economic Assistance, Liability, and Schools (HEALS) Act: “Streamlined forgiveness for millions of small businesses on Main Street struggling through this pandemic is an absolute must and we are glad it is a central part of...
July 24, 2020WASHINGTON – The Consumer Bankers Association, Bank Policy Institute, International Franchise Association, National Association of Federally-Insured Credit Unions and U.S. Chamber of Commerce applauded bipartisan legislation introduced by Reps. Chrissy Houlahan (D-Penn.) and Fred Upton (R-Mich.) to streamline Paycheck Protection Program loan forgiveness for the smallest businesses receiving PPP...
July 23, 2020WASHINGTON, DC – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Senate’s passage of legislation to prevent the garnishment of COVID stimulus payments: “Americans are continuing to battle not only the health but also economic impact of the COVID-19 pandemic. “This legislation is consistent with efforts by both consumer and banking groups to...
July 20, 2020CBA, SBFE Release Quarterly Small Business Lending Data Report covers onset of COVID-19 pandemic WASHINGTON – The Consumer Bankers Association and Small Business Financial Exchange today released the Small Business Lending Trends report covering the first quarter of 2020. The report, which is released quarterly, examines key credit information for America’s small businesses and each area examined...
July 17, 2020CBA on Mnuchin Support of PPP Forgiveness for Smallest Businesses WASHINGTON – Consumers Bankers Association President and CEO Richard Hunt issued the following statement after Treasury Secretary Steven Mnuchin indicated he would support automatic or a more streamlined forgiveness process for Paycheck Protection Program loans for the smallest loan recipients during a House Small Business...
July 9, 2020Small Business, Lender Associations Call for Streamlined PPP Forgiveness for “Main Street” Small Businesses *** More than 130 trade associations in coalition Relief for smallest PPP loans of less than $150,000 *** WASHINGTON – The Consumer Bankers Association, International Franchise Association and U.S. Chamber of Commerce led a coalition of more than 130 trade groups representing small business...
July 7, 2020CBA Statement on CFPB Small Dollar Rule WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Consumer Financial Protection Bureau released a final small dollar rule: “CBA is pleased the Bureau’s amended small dollar rule will help banks provide much needed small dollar loans to consumers in need. “ Millions of Americans live...
June 30, 2020CBA on Paycheck Protection Program Application Deadline WASHINGTON, D.C. – Consumer Bankers Associations President and CEO Richard Hunt issued the following statement on today’s (June 30 th ) deadline for submitting Paycheck Protection Program applications: “America’s small businesses, and the millions of men and women who work at them, are the foundations of communities across the country and...
June 30, 2020CBA, BPI Applaud Introduction of Targeted PPP Forgiveness Legislation WASHINGTON – The Consumer Bankers Association and Bank Policy Institute today issued the following statement after the introduction of bipartisan legislation from Sens. Kevin Cramer (R-N.D.), Bob Menendez (D-N.J.), Thom Tillis (R-N.C.) and Kyrsten Sinema (D-Ariz.) to forgive Paycheck Protection Program loans for the smallest...
June 29, 2020CBA Statement on Supreme Court CFPB Ruling WASHINGTON, D.C. – Consumer Bankers Associations President and CEO Richard Hunt issued the following statement after the U.S. Supreme Court ruled in Seila Law LLC v CFPB the Consumer Financial Protection Bureau’s leadership structure was unconstitutional and changed the Bureau’s single director from a position which could only be fired for cause to a...
