ICBA and community bankers can take pride in knowing they left nothing on the field during the debate over Federal Reserve involvement in real-time payments, ICBA President and CEO Rebeca Romero Rainey wrote.
In a message to community bankers also posted on ICBA’s Main Street Matters blog, Romero Rainey noted the landmark announcement follows years of engagement that went into overdrive in recent weeks as the Fed neared its decision.
ICBA and community bankers responded in force with thousands of messages and phone calls to policymakers, shoe-leather meetings on Capitol Hill, op-eds and blog posts, and an ad campaign in Beltway publications. This followed hundreds of comment letters from community bankers that Fed officials have cited in justifying the announcement.
“Today we can celebrate victory at this stage of the debate, knowing that we have worked diligently for years on this issue while responding to rapidly evolving developments in real time,” she wrote.