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Small Business Lending
Small business lending is a top priority for CBA’s member banks. CBA strongly believes small businesses are the lifeblood of the U.S. economy and we remain committed to improving the small business lending environment and process through pro-business legislation and regulation. Collectively, CBA’s member banks have over $200 billion in small business loans on their books, and remain committed to exploring innovative ways to address the needs of lenders and borrowers alike.
- June 8, 2017On Thursday, June 08, 2017, CFPB Director Richard Cordray announced the Bureau granted CBA’s request for a 60-day extension to the comment period for the “Request for Information Regarding the Small Business Lending Market.” The Director made the announcement during his remarks at the Bureau’s Consumer Advisory Board Meeting. A copy of his remarks will be posted on consumerfinance.gov and a...June 1, 2017 - 4:00AMPastMay 25, 2017 - 2:00PMPastMay 23, 2017May 23, 2017 Ms. Monica Jackson Office of the Executive Secretary Consumer Financial Protection Bureau 1700 G Street, NW Washington, D.C. 20552 FederalRegisterComments@cfpb.gov Re: Request for Information Regarding the Small Business Lending Market (Docket No. CFPB-2017-0011) Dear Ms. Jackson: The undersigned trade associations appreciate the opportunity presented by the Bureau of Consumer...May 23, 2017On Tuesday, May 23, 2017, CBAand other trades, submitted a letter to the CFPB asking it extend its Small Business Lending Request for Information (RFI) comment period by 60 days. As previously reported by CBA, on Wednesday, May 10, 2017, the CFPB held a field hearing in Los Angeles focused on the small business lending marketplace. At the hearing, the agency introduced the RFI to learn more about...May 12, 2017CBA Committee Chair Todd Hollander of Union Bank Testifies on Small Business Lending Seventy percent of the small business loans are made by banks with $1 billion or more in assets. With the CFPB launching a formal inquiry into the small-business lending landscape, we stand with the Bureau in its endeavor to better understand the small business lending market. However, we urge the Bureau to...May 10, 2017On Wednesday, May 10, 2017, the CFPB held a field hearing in Los Angeles focused on the small business lending marketplace. At the hearing, the agency introduced a request for information to learn more about the relationship between small businesses and financial institutions, with specific focus on four topics: 1. What defines a small business; 2. Which institutions lend to small businesses and...April 13, 2017April 13, 2017 The Honorable Mike Crapo Chairman Committee on Banking, Housing, and Urban Affairs U.S. Senate 534 Dirksen Senate Office Building Washington, D.C. 20510 The Honorable Sherrod Brown Ranking Member Committee on Banking, Housing, and Urban Affairs U.S. Senate 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Chairman Crapo and Ranking Member Brown: The Consumer Bankers...March 15, 2017Even the more sophisticated data-driven financial services marketers are struggling to figure out how to effectively and efficiently integrate personalization into multichannel customer and prospect marketing strategies. This iteration of the Epsilon 5 & 5 is intended to trigger some contrarian thoughts and challenge your marketing status quo. In this issue, we’ll talk about personalization,...January 20, 2017On Friday, January 20, 2017, White House Chief of Staff Reince Priebus issued a memo freezing new or pending regulations in efforts to give President Trump’s appointees a chance to review them. According to the memo, no new regulations should be sent to the Office of the Federal Register (OFR) until reviewed by a department or agency head appointed by President Trump. Further, any regulations...