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Washington, D.C. (June 16, 2025) — The Independent Community Bankers of America (ICBA) applauded the prudential banking regulators for announcing a request for information on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud.
“ICBA and the nation’s community banks have strongly advocated for efforts to combat the scourge of check fraud and applaud the agencies’ request for information on this threat,” ICBA President and CEO Rebeca Romero Rainey said. “With community bankers using their relationship-based banking model to help consumers defend against the rise in check fraud and other scams, ICBA looks forward to working with Federal Reserve Vice Chair Michelle Bowman and others at the regulatory agencies to ensure a more secure payment system for U.S. consumers.”
ICBA has spearheaded and strongly supports numerous efforts to combat check fraud, including by:
ICBA looks forward to continuing the conversation with policymakers on countering the rise in check fraud and supporting a more secure U.S. payment system.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.