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Bank Groups Unite Against Biden’s Pick for Key Regulatory Post



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“The core of all of this and the source of our most significant concerns is we look at everything that she has said or written publicly, there are bold ideas that essentially look at eliminating the banking system as we know it today,” said Rebeca Romero Rainey, the president of the Independent Community Bankers of America, in an interview on Tuesday.A White House spokeswoman and Ms. Omarova declined to comment.While most of the institutions represented by the Independent Community Bankers of America would not be overseen by Ms. Omarova, they are crucial to her confirmation chances. The threat …

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