STATEMENT FOR THE RECORD FROM THE CONFERENCE OF STATE BANK SUPERVISORS TO THE TASK FORCE ON FINANCIAL TECHNOLOGY OF THE U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES HEARING ON “LICENSE TO BANK: EXAMINING THE LEGAL FRAMEWORK GOVERNING WHO CAN LEND AND PROCESS PAYMENTS IN THE FINTECH AGE” SEPTEMBER 29, 2020 I. Introduction The Conference of State Bank Supervisors (CSBS) thanks the