WASHINGTON, D.C.— Phillip Basil, Director of Economic Growth and Financial Stability for Better Markets, issued the following statement along with Better Markets’ new fact sheet: Community Banks Need More Than the Crumbs from Big Banks’ Cake to Thrive: 

“Policymakers at the banking agencies and on Capitol Hill pay a lot of lip service to community banks, but their actions tell the true story: cake for big banks, crypto banks, and fintech; crumbs for community banks. Policies implemented or shared publicly since the start of 2025 provide little to no benefit for the safest institutions—community banks —and huge benefits and unfair advantages for the riskiest institutions. These include big…