Washington, D.C. – Statement by Conference of State Bank Supervisors (CSBS) President and CEO Brandon Milhorn on the CFPB’s announcement regarding its Public Orders Registry: “State regulators applaud the CFPB for its decision to limit enforcement and supervision relative to its Public Orders Registry. A significant number of covered public enforcement actions are already reported through the Nationwide Multistate Licensing
“For more than 100 years, the states have effectively overseen a dynamic money transmission marketplace that promotes strong consumer protections, fosters innovation, and maintains access to popular and convenient financial services. 1 The states license money transmitters, supervise their financial condition, require safeguarding of customer funds, respond directly to consumer complaints, and, when appropriate, take enforcement actions against firms that
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced Jim Payne, director of examinations and assistant deputy commissioner for the Consumer and Mortgage Lending Division of the Kansas Office of the State Bank Commissioner, will continue his service as the NMLS Ombudsman for a third term, starting July 1. The NMLS Ombudsman provides state regulators and industry
2024 NMLS Annual Conference & Training by Brandon Milhorn CSBS President and CEO It is a privilege to address this audience of nearly 700 supporters and super users of the Nationwide Multistate Licensing System (NMLS). 1 This is a big audience, but we are a small piece of the larger NMLS universe which represents . . . 66 state supervisory
Washington, D.C. – Statement from CSBS President and CEO Brandon Milhorn on the OCC’s action today to issue conditional approvals to establish five new uninsured national trust firms: “Based on the OCC’s conditional approvals, it appears these uninsured national trusts will primarily engage in fiduciary activities related to digital assets, and certain related custodial activities. The states will continue to
Washington, D.C. — The Conference of State Bank Supervisors (CSBS) announced today two strategic hires and a key promotion to strengthen CSBS’s advocacy efforts and advance its accreditation and workforce development vision. Sabrina Bergen joins CSBS as Chief of Staff, Policy & Supervision, effective today. She will provide cross-functional leadership across the Policy & Supervision business unit and bring her
Beth Grebeldinger U.S. Department of Education, Federal Student Aid 830 First Street NE Room 113F4 Washington, DC 20202. Re: Federal Preemption and Joint Federal-State Regulation and Oversight of the Department of Education's Federal Student Loan Programs and Federal Student Loan Servicers (Docket ID ED-2021-OS-0107) Dear Ms. Grebeldinger, The Conference of State Bank Supervisors (CSBS) 1 and the North American Collection
Washington, D.C. — The Conference of State Bank Supervisors (CSBS) today announced the launch of the Economic Research and Policy Scholars Program, designed to advance research on critical issues related to the nation's dual-banking system, community banking, financial services innovation, and economic growth. The Scholars Program consists of distinguished scholars selected from academic institutions nationwide for their expertise and contributions
Washington, D.C. – Following an extensive public comment period in 2024, the Board of the Conference of State Bank Supervisors (CSBS) and the Board of Managers for the State Regulatory Registry (SRR) approved an increase in processing fees for the Nationwide Multistate Licensing System and Registry (NMLS). These approvals of the processing fee increase were announced on Dec. 11 on