Payments

Letters and Testimonies

Letters to Congress

Title Recipient Date
06/23/25
05/21/25
05/21/25
U.S. Senate 05/16/25
House Financial Services Committee 04/01/25
02/26/25
02/11/25
02/05/25
Sen. Ted Budd 06/19/24
U.S. House of Representatives 05/21/24
Sen. Josh Hawley 09/20/23
House Financial Services Committee 09/19/23
House Financial Services Committee 07/19/23
House, Senate Leaders 07/14/23
House, Senate 07/11/23
House Financial Services Committee 06/13/23
Senate, House leaders 06/09/23
House Financial Services Committee 05/05/23
House Financial Services Committee 04/19/23
Rep. Tom Emmer 03/08/23
Senate, House 11/17/22
House, Senate 10/11/22
Senate 10/04/22
House 09/27/22
House 09/21/22
Senate 08/31/22
House Financial Services Committee 07/22/22
Senate Judiciary Committee 05/04/22
Senate Judiciary Committee 05/02/22
Sens. Cruz, Braun, Grassley 04/04/22
Rep. Tom Emmer 04/04/22
Congress 07/27/21
116th Congress 10/15/20
U.S. House Task Force on Financial Technology 09/29/20

Letters to Regulators

Title Recipient Date
06/30/25
05/30/25
12/16/24
Consumer Financial Protection Bureau 08/01/24
06/11/24
Federal Reserve 05/11/24
Basel Committee on Banking Supervision 03/28/24
Federal Reserve, Justice Department, Treasury Department 03/22/24
BIS Committee on Payments and Market Infrastructures 02/28/24
Letter to Regulators 01/30/24

Testimony

Title Committee Presenter Date
House Financial Services Committee Written Statement 04/01/25
Senate Banking Committee Written Statement 03/12/25
House Subcommittee on Digital Assets, Financial Technology and Inclusion Written Statement 09/13/23
Senate Banking Committee Written Statement 02/13/23
Senate Banking Committee Written Statement 07/28/22
House Financial Services Committee Written statement 05/25/22
Senate Banking Hearing 02/15/22
House Financial Services Committee Written statement 02/08/22
Senate Banking Committee Written Statement 12/14/21
House Financial Services Committee Written statement 12/07/21
HSFC 09/29/20

Payments News

ICBA Applauds Interagency Request for Information Targeting Check Fraud

June 16, 2025

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:

  • Partnering with the U.S. Postal Inspection Service to offer community banks in-branch educational materials to help consumers safeguard their financial assets.
  • Applauding the Trump administration for addressing the Treasury Department’s use of paper checks.
  • Offering community banker resources on check fraud—including guides and online courses—on the ICBA website.
  • Supporting 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 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.