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2009 Press Releases

2009

03/17/09
Too Big to Fail: The Role of Antitrust Law in Government-Funded Consolidation In the Banking Industry – testimony to the House Committee on the Judiciary Subcommittee on Courts and Competition Policy by C.R. Cloutier

03/17/09
ICBA Calls for an End to Too-Big-To-Fail Institutions

The Independent Community Bankers of America ® (ICBA) urged policymakers to address excessive concentration in the banking sector by tightening supervision of too-big-to-fail institutions, imposing new systemic risk premium assessments, and facilitating the orderly break-up of systemic risk institutions over a five-year period.

06/16/09
ICBA Applauds New Legislation to Base FDIC Assessment on Assets, Hold “Too-Big-To-Fail” Banks Accountable

The Independent Community Bankers of America ® (ICBA) applauded new legislation, the Bank Accountability and Risk Assessment Act of 2009, introduced by Rep. Luis Gutierrez (D-Ill.), chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, that would broaden the assessment base for FDIC deposit insurance premiums and create a separate risk-based assessment for too-big-to-fail banks that represent a systemic threat to our nation's financial system.

07/15/09
ICBA Urges Congress: Reduce Systemic Risk, End Too-Big-To-Fail, Protect America’s Consumers

The Independent Community Bankers of America ® (ICBA) urged Congress to craft a financial services regulatory reform program that reduces systemic risk to our nation’s financial system, protects America’s consumers and establishes an FDIC fee for systemic-risk institutions.

09/14/09
ICBA Supports Obama Administration’s Efforts to Hold Systemic-Risk Institutions Accountable; Calls for End of Too-Big-to-Fail

The Independent Community Bankers of America ® (ICBA) released this statement following President Obama’s remarks from Wall Street regarding the economic crisis and the administration’s regulatory reform proposals.

09/23/09
ICBA to Congress: Focus Regulatory Reform Efforts on Root Cause of Crisis – Too-big-to-fail and Unregulated

The Independent Community Bankers of America ® (ICBA) urged Congress to create a financial system that supports small businesses by focusing regulatory reform efforts on the root cause of the financial crisis—the unregulated and the too-big-to-fail, systemic-risk institutions that jeopardized the very core of our nation’s financial system.

09/23/09
ICBA Launches “My Community, My Bank” Advocacy Web Site

The Independent Community Bankers of America ® (ICBA) launched “My Community, My Bank,” an advocacy Web site that educates policymakers and the public about the negative consequences associated with too-big-to-fail, while allowing individuals to send high impact personal messages to Congress supporting the need to repair the policies that contributed to the near collapse of our entire financial system.

09/30/09
ICBA Tells Congress: Focus on CFPA on Unregulated and Too-Big-To-Fail; Pass Legislation to Hold Systemic-Risk Firms Accountable

The Independent Community Bankers of America ® (ICBA), in addressing the proposed Consumer Financial Protection Agency (CFPA), urged Congress to focus on the unregulated and too-big-to-fail firms, and to pass legislation to hold systemic-risk firms accountable.

11/18/09
ICBA Praises Reps. Kanjorski and Perlumutter for Amendments That Prevent Future Bailouts, End Too-Big-To-Fail

The Independent Community Bankers of America ® (ICBA) applauds Reps. Paul E. Kanjorski (D-Pa.) and Ed Perlmutter (D-Colo.) for proposing ICBA-backed amendments during the House Financial Services Committee markup of the Financial Stability Improvement Act (H.R. 3996) that will help prevent future bailouts, protect taxpayer dollars and put an end to too-big-to-fail.

11/19/09
ICBA Lauds Passage of Key Amendments to Broaden Assessment Base and Protect Taxpayers

The Independent Community Bankers of America ® (ICBA) lauded the House Financial Services Committee for passing critical amendments, including the Gutierrez-Manzullo and Kanjorski amendments, to the Financial Stability Improvement Act (H.R. 3996), which would promote deposit insurance fairness, protect America’s taxpayers and put an end to too-big-to-fail.

12/02/09
ICBA Lauds Committee Passage of Landmark Systemic-Risk Legislation

Camden R. Fine, president and CEO of the Independent Community Bankers of America ® (ICBA), issued this statement following the House Financial Services Committee’s passage of the Financial Stability Improvement Act (H.R. 3996), which would promote deposit insurance fairness, protect America’s taxpayers and end too-big-to-fail.

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