CSBS President and CEO Jim Cooper Statement on Senate Confirmation of Michael Barr as Federal Reserve Board of Governors Vice Chair for Supervision “State regulators congratulate Michael Barr on his confirmation as the Vice Chair for Supervision. He serves an important role that requires close coordination with state regulators and the banking industry. It is also crucial to have a

CSBS President and CEO James M. Cooper Statement on FDIC Board Chair Nomination Washington, D.C. – “Today’s announcement from the White House means that none of the nominees to the FDIC Board will meet the requirement for state bank supervisory experience. This requirement is not only the law but also a great benefit for consumers and the banking sector when

Statement by CSBS President and CEO Brandon Milhorn on recently introduced legislation to reform or repeal the Consumer Finance Protection Bureau’s small business loan data collection requirements established under Section 1071 of the Dodd-Frank Act. “The CFPB final rule implementing section 1071 missed the mark. By going well beyond the data elements required by the law, the rule imposed unnecessary

Washington, D.C. – The federal financial regulatory agencies have a prime opportunity to address unnecessary, unlawful, or unduly burdensome regulations, the Conference of State Bank Supervisors (CSBS) outlined in a letter to the Office of Management and Budget. CSBS highlighted several regulations that the federal financial regulatory agencies should promptly rescind or modify in light of Executive Orders 14219 and

Washington, D.C. - Statement from CSBS President and CEO Brandon Milhorn on the U.S. Senate’s confirmation of Federal Reserve Board Governor Michelle Bowman as Vice Chair for Supervision: “CSBS congratulates Governor Bowman on her confirmation as the Federal Reserve Vice Chair for Supervision. She brings an invaluable perspective to the role, having previously served as a state bank supervisor and

Statement from CSBS President and CEO John W. Ryan on Rohit Chopra Confirmation as CFPB Director: “State financial regulators look forward to continued partnership with the CFPB under the leadership of Director Chopra. Our work with the CFPB is a model for state-federal regulatory partnership and has served to protect consumers and ensure their access to a wide range of

As the administrative record makes clear, the FDIC’s corporate governance proposal is ill-conceived and must be withdrawn. The FDIC’s rule would impose a one-size-fits-all mandate on institutions that would intrude on over a century of state fiduciary laws.

Statement from CSBS President and CEO Brandon Milhorn: “CSBS applauds the nomination of Governor Michelle Bowman to serve as the Vice Chairman for Supervision of the Federal Reserve Board of Governors. Governor Bowman has a wealth of supervisory and regulatory experience, from her roots in community banking to her focus at the Federal Reserve on appropriately tailored regulation for all

Washington, D.C. – The Conference of State Bank Supervisors today withdrew its complaint from the U.S. District Court for the District of Columbia challenging the Office of the Comptroller of the Currency’s (OCC) nonbank charter program and Figure Technologies’ application for an OCC nonbank charter. CSBS took this voluntary action after Figure amended its application to include seeking FDIC deposit