In remarks to ABA’s Community Bankers Council on Wednesday, Small Business Administration Administrator Maria Contreras-Sweet encouraged bankers to “take a second look” at how SBA programs can complement their small business lending.
A large majority of banks provide small dollar loans effectively (with low charge-offs) and have the capacity to expand their small dollar lending, were market and regulatory conditions to allow for it, according to an ABA survey of senior bank officers.
The administrative committee of ABA’s Government Relations Council convenes today in Washington for its fall meeting.
ABA and several other trade associations sent a joint letter to members of Congress yesterday supporting the extension of one-year foreclosure protection for military personnel leaving active duty through the end of 2016, at a minimum.
ABA’s trade finance subsidiary, BAFT, today applauded the passage of legislation reauthorizing the Export-Import Bank of the United States.
New credit card accounts rose 16 percent year-on-year in the second quarter to total 318 million, according to the latest edition of ABA’s Credit Card Market Monitor released today.
BAFT, ABA’s international finance subsidiary, announced today that Warren Steinmueller has been appointed the new chair of its Transaction Banking Global Leaders group.
ABA added ten banks to its Nasdaq Community Bank Index (ABAQ) today. The index now includes 363 community banks with a combined market cap of over $222 billion.
ABA is urging all bankers to sign its petition for regulatory relief for America’s hometown banks.
With a government spending bill due by Dec. 11, negotiations over what will go into it are reaching a fever pitch on Capitol Hill. ABA views the spending bill as the best chance of including bipartisan regulatory relief provisions that bankers are seeking.