Community bankers announce opposition to 'alarming' embattled Biden banking nominee

Community bankers announce opposition to 'alarming' embattled Biden banking nominee


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.

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Some of Omarova’s academic musings have come under intense scrutiny from Republicans and business groups,

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