ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Newsbytes

Committee heads ask SBA to pause small business lending changes

May 17, 2023
Reading Time: 1 min read
Survey finds small-business lending fraud on rise

The leaders of the House and Senate small business committees on Tuesday asked the Small Business Administration to “pause” changes to its lending programs until a permanent associate administrator is confirmed to oversee the programs. Last month, SBA issued final rules to lift the moratorium on the number of nondepository lenders in the 7(a) program and to remove the nine-factor underwriting standard for 7(a) loans. ABA and lawmakers have raised concerns about the proposed changes, pointing to reports that found limited agency oversight of nondepository lenders and significant fraud committed through Paycheck Protection Program loans originated by fintech firms.

In a joint letter, the committee chairs and ranking members noted the recent departure of Patrick Kelley, who had been associate administrator for the Office of Capital Access. Kelley’s absence is “a void in leadership at a time when such leadership will be key in overseeing the orderly implementation of the new lending rules.” Signing the letter were Senate Small Business and Entrepreneurship Committee Chairman Ben Cardin (D-Md.) and Ranking Member Joni Ernst (R-Iowa) and House Small Business Committee Chairman Roger Williams (R-Texas) and Ranking Member Nydia Velázquez (D-N.Y.).

“As small businesses and lenders begin to work through these new requirements, it is key to have this position filled with a qualified candidate equipped to handle any issues as they inevitably arise,” the lawmakers wrote. “As a result, we believe that it is best for a new permanent associate administrator for the Office of Capital Access to be in place prior to these changes going into effect.”

ADVERTISEMENT
Tags: CongressSmall business lending
ShareTweetPin

Related Posts

CFPB releases mortgage servicing proposal, overhauls loss mitigation framework

FHFA releases FAQ about Fannie, Freddie credit score change

Compliance and Risk
July 16, 2025

FHFA released an FAQ on the recent announcement that Fannie Mae and Freddie Mac will expand credit scoring options. Fannie and Freddie have also created webpages about the planned implementation of the policy.

Industrial production rose in March

Industrial Production rose in June

Economy
July 16, 2025

Industrial production (IP) rose 0.3% in June after remaining unchanged in April and May. For the second quarter as a whole, IP increased at an annual rate of 1.1%.

Producer price index increased 0.5% in April

Producer Price Index unchanged in June

Economy
July 16, 2025

The Producer Price Index for final demand was unchanged in June, seasonally adjusted. On an unadjusted basis, the index for final demand rose 2.3% for the 12 months ended in June.

OCC sees need for regulatory reform in bank merger process

Bank acquisitions announced in three states

Community Banking
July 16, 2025

Huntington Bancshares, First Community and Civista Bancshares announce planned acquisitions in Texas, Georgia and Ohio.

ABA, associations urge Congress to overturn CFPB credit card late fees rule

ABA urges lawmakers to take up Dodd-Frank reform

Newsbytes
July 15, 2025

ABA shared several possible reforms for the Dodd-Frank Act as the law approaches the 15th anniversary of its enactment, saying changes are needed to mitigate its burdens on banks of all sizes.

Prologue and Predictions: 2021’s Ag Policy Shifts and a Look at the Coming Year

Budget reconciliation includes rural and agricultural benefits

Ag Banking
July 15, 2025

While the version included in the final legislation is modified from ABA’s original ACRE proposal, there remains significant relief for ag and rural communities. Qualified lenders will be able to exclude from gross income 25% of interest income...

NEWSBYTES

Producer prices hold steady in June

July 16, 2025

Industrial Production rose in June

July 16, 2025

Producer Price Index unchanged in June

July 16, 2025

SPONSORED CONTENT

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

July 1, 2025
AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025

PODCASTS

Breaking down the bank-related provisions in the big budget bill

July 10, 2025

Podcast: Inside ABA’s new Treasury Check Verification System API

June 25, 2025

Podcast: Staying close to clients amid tariff-driven volatility

June 18, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.