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ICBA Releases Report on Why Too-Big-To-Fail Must End


May 22 - The Independent Community Bankers of America has released “End Too-Big-To-Fail,” a report that examines the impact of too-big-to-fail financial institutions on the U.S. economy and why too big to fail must be brought to an end now. In the report, ICBA also highlights the Terminating Bailouts for Taxpayer Fairness Act of 2013 (TBTF Act, S. 798), introduced by Sens. Sherrod Brown (D-Ohio) and David Vitter (R-La.), as a valid solution to curb the too-big-to-fail epidemic. The document also addresses common myths and facts about the legislation.
“ICBA is pleased to unveil this comprehensive report, which is an excellent roadmap for helping everyone from consumers to policymakers understand how too big to fail affects our nation’s economy and what they can do to help bring an end to this dangerous practice,” ICBA President and CEO Camden R. Fine said. “As we outline in the report, too big to fail distorts free markets, incentivizes risky behavior, holds taxpayers hostage to bailouts and creates unfair competitive advantages for the largest banks. But there is perhaps no greater reminder of the too-big-to-fail impact than the constant, oppressive regulatory burdens that community banks face on a daily basis. I encourage everyone who feels passionately about the health of our financial system to read this timely report.”
Key highlights from ICBA’s report include:

“Banks should exist to serve the economy, to provide the credit and other financial services that help launch and expand businesses and create new jobs,” ICBA said in the report. “A robust market for financial services helps consumers obtain home mortgages and other loans at competitive rates and on customized terms. When banks compete freely, consumers have access to a range of solutions for savings and investment.”
ICBA closed the report by encouraging others to join the association in pushing for vigorous but practical solutions that will restore a free and safe market for financial services and tap the true potential of the American economy.
To view the full report, and see other information on ending too-big-to-fail, visit