| Title | Recipient | Date |
|---|---|---|
| Comments on SEC Safeguarding Rule | Securities and Exchange Commission | 05/08/23 |
| Joint Extension Request on CFPB Credit Card Late Fee Proposal | CFPB | 05/02/23 |
| Comments on Treasury Check Verification System | Bureau of the Fiscal Service | 04/03/23 |
| Comments on Digital Assets Research and Development | Office of Science and Technology Policy | 03/03/23 |
| Request for Extension of Reg II Effective Date | Federal Reserve | 02/13/23 |
| Comments on Crypto-Asset Principles | Financial Stability Board | 12/15/22 |
| Comments on Digital Assets and Illicit Finance | Treasury Department | 11/04/22 |
| Comments on Treasury Digital Assets Request | Treasury Department | 08/08/22 |
| Comments on Credit Card Late Fees | CFPB | 08/01/22 |
| Comments on Digital Assets Oversight | Commerce Department | 06/29/22 |
| Title | Committee | Presenter | Date |
|---|---|---|---|
| Effective Regulation of Crypto Assets | Senate Banking Committee | Written Statement | 02/13/23 |
| Statement for Senate Crypto Hearing | Senate Banking Committee | Written Statement | 07/28/22 |
| Hearing Statement on Central Bank Digital Currency | House Financial Services Committee | Written statement | 05/25/22 |
| Enhanced Regulation of Digital Assets Will Promote Responsible Innovation | Senate Banking Hearing | 02/15/22 | |
| Statement for House Hearing on Stablecoins | House Financial Services Committee | Written statement | 02/08/22 |
| Statement for Senate Stablecoin Hearing | Senate Banking Committee | Written Statement | 12/14/21 |
| Statement for House Hearing on Digital Assets | House Financial Services Committee | Written statement | 12/07/21 |
| ICBA Statement for HFSC Fintech Hearing 9-29-2020 | HSFC | 09/29/20 |
March 11, 2023
Washington, D.C. (March 10, 2023) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s bank closure.
“ICBA reminds consumers that they can bank with confidence at their local community bank knowing their money is safe because it is insured by the FDIC. FDIC deposit insurance covers each depositor's account, dollar-for-dollar, up to the insurance limit. Since the FDIC was founded 90 years ago, no one has ever lost a penny of FDIC-insured funds.
“Further, FDIC data show the community banking industry remains safe, sound, and secure. According to the FDIC’s latest Quarterly Banking Profile, community banks outperformed the rest of the banking industry during the fourth quarter and had broad-based loan growth, strong capital ratios, and favorable asset quality.
“By contrast, cryptocurrencies and other digital assets pose significant risks to consumers and the financial system. As Washington debates its crypto policy response, lawmakers should safeguard the integrity of the traditional banking system from the crypto sector’s outsized risk. Policymakers should ensure that any oversight of crypto shields consumers and traditional financial institutions from the risks posed by this emerging and dangerous sector.”
About ICBA
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 employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding nearly $5.9 trillion in assets, over $4.9 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.
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