Washington, D.C. (Oct. 1, 2021) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of Rohit Chopra for Consumer Financial Protection Bureau director.
“ICBA and the nation’s community banks congratulate Rohit Chopra on his confirmation as the next Consumer Financial Protection Bureau director. As relationship lenders, community banks are committed to the highest standards of consumer protection to do right by their customers.
“ICBA looks forward to working with Director Chopra on the bureau’s many important initiatives to continue to protect consumers and ensure regulations are tiered and proportionate to community banks’ smaller size and reduced risk.”
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5.8 trillion in assets, over $4.8 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org