WASHINGTON -- After a failed effort to pass Superfund reform legislation this year, lenders are again left wondering about their responsibility regarding contaminated collateral properties.

"The threat of environmental liability will continue to hang over bankers' heads until at least next year, forcing many to shy away from lending to small businesses... which handle potentially hazardous chemicals," said Donald Ogilvie, executive vice president of the American Bankers Association.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.