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Contact:
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Robert Schmermund
(202) 857-3104
Jim Eberle
(202) 857-3145
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Jim Eberle
(202) 857-3145 (work)
(703) 893-2593 (home)
[email protected]
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For Immediate Release
March 10, 2005
#05-09 |
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E-mail:
[email protected] |
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ACB STRONGLY SUPPORTS BANKRUPTCY BILL PASSED BY SENATE
Statement by Diane Casey-Landry, president and CEO, America’s Community Bankers, on the bankruptcy reform bill passed by the Senate today:
America’s Community Bankers strongly supports the bankruptcy reform measure passed by the Senate and we will work to achieve passage in the House. This bill is a “win” for consumers and a “win” for community lenders by providing appropriate protections for those who need it, but also requiring those who can repay all or part of their debts to do so.
Community banks have a long history of working with borrowers who find themselves in dire financial straits. This legislation reinforces the ability of lenders and borrowers to work cooperatively in resolving financial difficulties before bankruptcy protection is sought, as well as during the bankruptcy process.
America’s Community Bankers is the national trade association committed to shaping the future of
banking by being the innovative industry leader strengthening the competitive position of
community banks. To learn more about ACB, visit
www.AmericasCommunityBankers.com.
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America’s Community Bankers
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phone 202-857-3100 | fax 202-296-8716 | [email protected]
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