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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.
- February 27, 2014February 14, 2014Washington, D.C. (February 14, 2014) – Richard Hunt, president and CEO of the Consumer Bankers Association, released a statement regarding guidance issued today by the Financial Crimes Enforcement Network (FinCEN), in coordination with the U.S. Department of Justice (DOJ), that clarifies customer due diligence expectations and reporting requirements for financial institutions seeking to provide...February 14, 2014Harmening Rolls Out CBA’s 2014 Legislative and Regulatory Priorities CBA’s Board of Directors Chairman Andy Harmening unveiled our 2014 legislative and regulatory priorities to the media on February 10, 2014 at CBA’s world headquarters. I was glad to join Andy in covering a number of issues, including: the state of retail banking, QM and Non-QM mortgages, Bitcoin, the CFPB’s complaint database,...February 13, 2014February 4, 2014October 30, 2013Dear Sir or Madam: The Consumer Bankers Association (CBA) appreciates the opportunity to submit comments in response to the proposed rule that would determine which loans would be defined as a qualified mortgage (QM) for single family mortgages insured and guaranteed by the Department of Housing and Urban Development (HUD). Under the Dodd–Frank Wall Street Reform and Consumer Protection Act, HUD...October 18, 2013CFPB Issues Bulletin, Interim Rules to Clarify Mortgage Servicing Requirements On Tuesday, October 15, 2013, the CFPB released a bulletin and interim final rule providing additional guidance on the mortgage servicing rules issued in January. The guidance addresses several issues, such as communications with family members of deceased barrowers, contact with delinquent borrowers, and the treatment...September 24, 2013Washington, D.C. (September 24, 2013) – Two years ago 13 major U.S. banks made a commitment to the American people to increase lending by $20 billion to small businesses by September 2014. Today—one year ahead of the deadline— data from those 13 banks shows their combined small business lending increased by $17 billion, already at 85 percent of the $20 billion goal. The Financial Services...August 9, 2013CBA and Trades Urge CFPB to Provide Reasonable Compliance Grace Period On Monday, August 5, 2013, CBA led a joint trades letter with the Education Finance Council (EFC), the National Council of Higher Education Resources (NCHER), and the Student Loan Servicing Alliance (SLSA) to CFPB Director Richard Cordray urging the Bureau to immediately provide private student lenders and servicers with a 30-...June 12, 2013Dear Chairman Landrieu and Ranking Member Risch: The Consumer Bankers Association (CBA), the only national financial trade group focused exclusively on retail banking and consumer financial services, writes to you in support of S. 289, the “Commercial Real Estate and Economic Development” (CREED) Act of 2013. CBA applauds your leadership on this legislation, which would extend the low-interest...