Media Releases

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • May 3, 2020
    CBA Statement on Latest PPP Numbers Banks over $10B made majority of total loan volume, value WASHINGTON – Consumer Bankers Association President and CEO released the following statement after the Small Business Administration announced the latest Paycheck Protection Program loan totals: “On behalf of the men and women who work at small businesses across the country in need, I am proud to say...
  • April 21, 2020
    CBA Statement on Deal to Add Additional PPP Funds WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Congressional leaders and the Administration reached an agreement to authorize additional funding for the Paycheck Protection Program, which ran through an initial authorization of nearly $350 billion in less than two weeks: “The Paycheck...
  • April 16, 2020
    CBA Statement on Depletion of PPP Funds “Additional funding for all lenders is needed now to ensure there are no breaks in service to small businesses seeking assistance as a result of the coronavirus outbreak *** The millions of men and women who work at America’s small businesses and their families are battling a health crisis while also facing an economic crisis unless Congress authorizes...
  • April 15, 2020
    CBA Asks Treasury, SBA for Urgent PPP Guidance Requests include queuing of loans with SBA, Additional PPP funding WASHINGTON – The Consumer Bankers Association today requested the Department of Treasury and the Small Business Administration provide additional guidance on key aspects of the Paycheck Protection Program as well as reiterating the request for Congress to authorize additional funds...
  • April 14, 2020
    Additional PPP Funds Needed for Small Businesses, Employees WASHINGTON – Leading financial services trade associations today wrote Congressional leadership calling for Congress to quickly authorize additional funds for the Paycheck Protection Program. Funds from the original $349 billion authorization are expected to be fully obligated soon, leaving out countless small business owners and their...
  • April 13, 2020
    CBA Statement on Need for Additional PPP Funds WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the need for Congress to approve additional funding for the Paycheck Protection Program: “The Paycheck Protection Program has been incredibly popular with millions of small businesses submitting applications. The banking industry has...
  • April 9, 2020
    CBA Comment Letter on OCC-FDIC Community Reinvestment Act NPR Applauds efforts to increase consistency and transparency, proposes alternative approach in some areas WASHINGTON – The Consumer Bankers Association yesterday submitted comments to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation on the agencies’ joint Community Reinvestment Act notice of proposed...
  • April 9, 2020
    Call materials for CBA Member Call on April 9, 2020 @ 4 p.m. ET About Economic Impact Payments EIP Timeline April 10 Direct deposit: About 75M transactions transmitted over 3 days April 15 Direct deposit funds available for consumers April 20 Check processing begins: Expect 5M checks to be issued weekly, with first batch released approximately May 4 (tentative) and continuing for as long as 20...
  • April 9, 2020
    Call materials for CBA Member Call on April 9, 2020 @ 4 p.m. ET About Economic Impact Payments EIP Timeline April 10 Direct deposit: About 75M transactions transmitted over 3 days April 15 Direct deposit funds available for consumers April 20 Check processing begins: Expect 5M checks to be issued weekly, with first batch released approximately May 4 (tentative) and continuing for as long as 20...
  • April 3, 2020
    CBA Statement on Updated Small Business Loan Guidance WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the updated guidance issued on the implementation of the Paycheck Protection Program, which is scheduled to start tomorrow and will be administered through the SBA 7(a) loan program: “Banks have been readily working around the clock to...

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