Misconceptions Misconception: Regulation of nonbank mortgage companies is lax or non-existent. As the primary regulator of nonbanks, states have broad licensing, examination, investigation, and enforcement authorities. Prudential standards, including financial capacity (i.e., net worth/capital and liquidity), governance, and risk management requirements, are also a matter of state law enforced by state regulators. 1 The Nationwide Multistate Licensing System and Registry
2025 NMLS Annual Conference and Training Opening Remarks Brandon Milhorn Feb. 12, 2025 Good morning, everyone. It is great to be back at the NMLS Annual Conference — my second as President and CEO of the Conference of State Bank Supervisors. This is our largest audience ever at the conference — 842 total — with 313 from state agencies and
Specialty Certification Certified Trust Examiner (CTE) Objectives of the Trust Examiner Certification Program: To achieve recognition of the specialized knowledge, skills, and abilities required for the examination of trust institutions of all sizes and complexities to ensure their compliance with state and federal laws and applicable regulations. To promote continuing education in trust supervision, ensuring that examiners remain knowledgeable about
Specialty Certification Certified Senior Trust Examiner (CSTE) Objectives of the Senior Trust Examiner Certification Program: To achieve recognition of advanced specialized knowledge, skills, and abilities required for the examination of trust institutions of all sizes and complexities to ensure their compliance with state and federal laws and applicable regulations. To promote continuing education in trust supervision, ensuring that examiners remain
CSBS advises the Antitrust Division of the DOJ how best to revise its 1995 Bank Merger Competitive Review Guidelines to promote healthy market competition and industry innovation.
CSBS sent the following letter – highlighting recent CARES Act guidance issued by the states and state efforts to enhance prudential standards for nonbank mortgage servicers – to members of the House and Senate Banking Committees.
In this seven-part blog series, we explore how community banks are adapting to a changing digital landscape by analyzing banking and technology questions from the 2021 CSBS National Survey of Community Banks.
State regulators believe that a robust market for consumer lending depends upon viable market alternatives. Thus, it is critically important that banks, and especially community banks, be able to serve as a source of small-dollar credit in the communities they serve.
By Thomas F. Siems, Ph.D., CSBS Chief Economist The CSBS fourth quarter 2023 Community Bank Sentiment Index ( CBSI) indicates that community bankers are less pessimistic than they were in the previous two quarters, but concerns persist. The Federal Reserve’s aggressive monetary tightening over the past 22 months has significantly raised interest rates, resulting in lower loan demand, greater deposit
CSBS Incoming Chair Charlie Clark SFSF Remarks May 15, 2024 Chicago Thank you, Sebastien. And thank you to everyone here today. I truly believe the stage is set for an amazing year for CSBS and the state and federal regulatory system. This forum began more than a decade ago when then-CSBS president John Ryan realized the need for state and