Rebeca Romero Rainey
President and CEORebeca Romero Rainey is president and CEO of the Independent Community Bankers of America. Her Twitter handle is
Rebeca Romero Rainey is president and CEO of the Independent Community Bankers of America. Her Twitter handle is
Besides negating the benefits of a central bank digital currency, the Federal Reserve's real-time payments system will bring about numerous positive changes, including helping consumers who live paycheck to paycheck.
Community bankers already have decades of experience managing concentration risks and responding to extreme weather events and natural disasters in their communities.
Inconsistent rules for calculating bank capital threaten to cut off small banks from a key source of liquidity.
The agency’s proposed data collection and reporting requirements would disproportionately burden community banks, which lead the nation in small-business lending.
Heritage Southeast Bank in Georgia will become the latest community bank to stop paying federal taxes when it merges into VyStar Credit Union later this year. It's time for Congress to investigate this consolidation trend and its impact on taxpayers.
The assertion by former Goldman Sachs executive Gary Cohn that smaller banks won't be viable in a high-tech world overlooks their success in partnering with fintechs, according to the Independent Community Bankers of America.
Wells Fargo remains the TBTF poster child and regulators continue to do too little to address the problem. And as always, small banks suffer collateral damage.
Congress should further expand a tiered regulatory system to help community banks better serve local neighborhoods.
As credit unions buy up community banks, policymakers should take another look at ending the industry’s tax exemption and regulatory breaks.
Regulators have taken a number of steps to implement last year’s reforms to Dodd-Frank, but there are several important items left on the to-do list.