CSBS President and CEO John Ryan writes the Senate Banking Committee in support of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
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 serve as the new NMLS ombudsman starting July 1.
Washington, D.C.- The Conference of State Bank Supervisors (CSBS) has named David Bleicken as its new senior vice president of product and business strategy. Bleicken will be responsible for advancing the strategic vision for a portfolio of regulatory technology products — most notably the State Examination System (SES), a core component of the Nationwide Multistate Licensing System® (NMLS) — to
CSBS, on behalf of state regulators and in cooperation with the American Association of Residential Mortgage Regulators (AARMR), established the State Regulatory Registry (SRR) in 2006. SRR oversees the development and operation of NMLS. The SRR Board of Managers is responsible for system development, operations and policy matters concerning NMLS. Through NMLS, SRR promotes the interest of financial services companies
Washington, D.C - CSBS President and CEO Brandon Milhorn issued the following statement in response to a House letter sent to the FDIC today: “We appreciate the continued oversight by Congress of the FDIC's flawed corporate governance guidelines and are pleased that the FDIC does not intend to finalize the rules over the next two months. Moving forward, this proposal
Over the last decade, money services businesses like Western Union and PayPal have increased in size and scope across the United States. In 2021, they handled $6 trillion in payments for U.S. consumers, a 117% increase from 2020. State financial regulators, who license and regulate these companies, have taken action to meet the changing needs of this growing sector. Several
State regulators firmly oppose the provisions of the PROSPER Act preempting state servicing laws. The preemption provisions upset the historical federal-state balance in financial regulation and wrongfully interfere with traditional state enforcement authority.
“State regulators are pleased that the Federal Reserve Board of Governors is fully seated. We congratulate Federal Reserve Governor Phillip Jefferson on his confirmation as Vice Chair, Federal Reserve Governor Lisa Cook on her new Board term and Adriana Kugler on her new role as Governor. We look forward to working with the entire Board of Governors to support the
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) Board of Directors today released model state regulatory prudential standards for nonbank mortgage servicers. “The standards provide states with uniform financial condition and corporate governance requirements for nonbank mortgage servicer regulation while preserving local accountability to consumers,” said CSBS President and CEO John W. Ryan. By adopting the standards, states
