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 Statement on Senate Passage of the GENIUS Act

June 17, 2025

Washington, D.C. (June 17, 2025) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate’s passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 1582).

“On behalf of the nation’s community bankers, ICBA appreciates the work by the Senate to address concerns raised by ICBA with the GENIUS Act throughout the legislative process in order to provide regulatory clarity while protecting against the negative economic consequences that would result from community bank disintermediation. ICBA understands the importance of having a clear regulatory framework for stablecoins and has worked closely with the Senate to incorporate critical guardrails to protect consumers and our payments system. As the House determines how it will consider stablecoin legislation, ICBA looks forward to continuing to work with the House to ensure it is further strengthened to address community banker concerns so that the measure fully protects the role community banks serve in local communities across America. With community banks using deposits to make 60% of the nation’s small-business loans and 80% of banking industry agricultural lending, preserving the role of community banks — which have proven commitments to their communities and local credit creation — is critical as Congress deliberates substantial changes to our payments ecosystem.”

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.