Our Position

Commerce and Banking


Title Recipient Date
Sens. Brown, Casey, Van Hollen 12/06/22
Senate, House 11/17/22
FDIC 08/19/22
Commitee on Financial Services 06/22/22
House Financial Services Committee 06/13/22
House Financial Services Committee 06/13/22
House Financial Services Committee 06/08/22
House Financial Services Committee 04/05/22
Reps. Jesús G. (“Chuy”) García, Lance Gooden 03/07/22
FDIC 02/12/21
FDIC 01/13/21
OCC 12/07/20
116th Congress 10/15/20
U.S. House Task Force on Financial Technology 09/29/20
HUD, CFS 07/29/20
FDIC 07/01/20
FDIC 06/25/20
FDIC 03/16/20
FDIC 03/15/20

Title Committee Presenter Date

ICBA urges agency consistency, innovation to promote banking access

May 24, 2022

ICBA encouraged federal banking regulators to take several steps to increase services to unbanked and underbanked households.

ICBA Comments: In a letter to the agencies following a Government Accountability Office report on improving access, ICBA called on the agencies to:

  • Integrate their independent efforts into a unified, interagency campaign.

  • Provide the banking industry with more consistent guidance.

  • Fully utilize their innovation offices.

Fed Survey: ICBA’s comments came the same day as the Federal Reserve reported that self-reported financial well-being reached its highest level since the Fed began its household survey in 2013.

Results: According to the fourth quarter 2021 survey of 11,000 adults:

  • 78% reported either doing okay or living comfortably financially.

  • Financial well-being also increased among all included racial and ethnic groups.

  • Parents reported large gains in financial well-being.

  • Those who say they would cover a $400 emergency expense using cash or its equivalent increased to 68%, the highest level since the survey began in 2013.