|
|
Contact:
|
Robert Schmermund
(202) 857-3104
Jim Eberle
(202) 857-3145
|
Jim Eberle
(202) 857-3145 (work)
(703) 893-2593 (home)
[email protected]
|
For Immediate Release
September 26, 2005
#05-68 |
|
E-mail:
[email protected] |
|
| |
ACB STRONGLY SUPPORTS HURRICANE CHECK INDEMNIFICATION BILL
WASHINGTON, D.C. — America’s Community Bankers said today it strongly supports a bill introduced in the House to indemnify banks that cash checks for Hurricane Katrina and Rita survivors. The bill was sponsored by Rep. Ginny Brown-Waite (R-Fla.).
The Hurricane Check Cashing Relief Act would provide indemnification for bad checks of up to $2,000 that were cashed for evacuees without proper identification in the initial disaster areas as well as areas where hurricane survivors were relocated. The program would extend through Oct. 31, and would be funded with Federal Reserve System surplus funds, not taxpayer money.
“While banks are already extending a helping hand to survivors of the hurricanes by cashing checks for customers and noncustomers alike, there is a need for banks to be made whole for any losses that are incurred for doing the right thing,” said Diane Casey-Landry, president and CEO of ACB. “We thank Congresswoman Brown-Waite for introducing this bill and urge Congress to act quickly to enact this legislation.”
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.
-30-
|
| |
About
ACB |
Government Relations | Products
& Services | Affiliates
| Members
Area
| ACB
News Bank | In
The Community | Tools
& Resources | Contact
Us |
America’s Community Bankers
900 Nineteenth Street, NW, Suite 400,Washington, D.C. 20006
phone 202-857-3100 | fax 202-296-8716 | [email protected]
Copyright 1996-2002 © America’s Community Bankers. All Rights Reserved.
|
|
|
