ABA yesterday wrote to Sens. Mazie Hirono (D-Hawaii) and Mike Rounds (R-S.D.) in support of the Veteran Small Business Export Promotion Act (S. 1056), which would waive up-front fees for veterans applying for the U.S. Small Business Administration’s export-specific loans of $150,000 or less.

With financial institutions -- especially those in rural areas -- facing a critical shortage of qualified appraisers that is slowing down closing times, the federal banking agencies today issued a reminder of two existing approaches they said institutions can use to ease the crunch.

ABA has published a members-only staff analysis of the CFPB's request for information regarding the small business lending market.

Click here to read more.

As it prepares to implement Section 1071 of the Dodd-Frank Act, the Consumer Financial Protection Bureau this morning issued a request for information on various aspects of the market for small business loans.

Bankers continued tightening credit for commercial real estate and certain consumer loans in the first quarter of 2017, while easing slightly on commercial and industrial lending, according to the Federal Reserve’s latest senior loan officer survey released today.

ABA today called on the Consumer Financial Protection Bureau to rescind requirements to collect any Home Mortgage Disclosure Act data not explicitly spelled out in law, and for Congress to revoke the new HMDA data elements added by the Dodd-Frank Act.

The Consumer Financial Protection Bureau said today that it will prioritize redlining, mortgage and student loan servicing and small business lending in its fair lending enforcement activities this year.

ABA today urged the leaders of the Senate Banking Committee to focus on expanding portfolio mortgage lending, modernizing rules on brokered deposits, enhancing bank innovation and providing relief from unnecessary stress tests -- all of which would be bipartisan, common-sense policies to promote economic growth.

Small business performance and financing success rates dipped slightly in 2016, according to the latest Small Business Credit Survey released today.