The Commercial Finance Association (CFA), the trade group representing the asset-based lending and factoring industries, released the following statement from CEO Robert Trojan regarding proposed capital requirements for the United States’ largest banks. In his statement, Trojan said:

“We are concerned that the new, more stringent capital requirements will have a negative impact on our fragile economy by resulting in less capital being available to U.S. businesses.

“Many of the nation’s largest banks covered by the proposed rules provide essential working and growth capital through asset-based loans, that are made at very low risk to the banking system.

“With less funding available to U.S. businesses, the new capital requirements announced may slow the nation’s economic recovery by making it tougher to get America working gain.”