Washington, D.C. (March 26, 2025)—Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s executive order on federal payments.
“ICBA and the nation’s community banks applaud the Trump administration for working to combat the threat of check fraud by addressing the Treasury Department’s use of paper checks.
“With community bankers using their relationship-based banking model to help consumers defend against the rise in check fraud and other scams, ICBA is available to work with the Treasury Department as it transitions away from paper checks to ensure more secure payments. ICBA is currently partnering with the U.S. Postal Inspection Service to combat check fraud by offering community banks in-branch educational materials with step-by-step instructions to help consumers safeguard their financial assets.
“Meanwhile, we continue to support the growth of instant payments options like the FedNow Service, which allow for efficient payments and immediate funds settlement while mitigating risks to the financial system.
“ICBA looks forward to continuing the conversation with policymakers on countering the rise in check fraud and ensuring a more secure payment system for U.S. consumers.”
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.
