The Independent Community Bankers of America has taken the rare move of publicly opposing President Joe Biden’s nominee for comptroller of the currency ahead of her much-anticipated hearing.
The ICBA, which represents thousands of community banks across the country, announced its disapproval of Cornell Law professor Saule Omarova on Wednesday, a day before she is set to testify before the Senate Banking Committee.
“Our opposition is based on a careful review of Professor Omarova’s record of published scholarship and public statements on the topic of American banking policy. Her positions are alarming to community banks,” the group said in a letter to committee leadership.
Some of Omarova’s academic musings have come under intense scrutiny from Republicans and business groups,