Keynote Remarks 2025 Fintech Conference: Bank-Fintech Partnerships|Distributed Ledger Technology|Regulation and Fintech Innovation Conference of State Bank Supervisors President and CEO Brandon Milhorn Federal Reserve Bank of San Francisco April 4, 2025 Thank you for that kind introduction. I would like to thank President Mary Daly and the San Francisco Fed for the opportunity to participate in this discussion of innovation
Washington, D.C. - Community bankers report an overall positive economic outlook for a third consecutive quarter, but their confidence in future business conditions is fading, according to the first quarter Community Bank Sentiment Index (CBSI) results. The Conference of State Bank Supervisors (CSBS) polls community banks nationwide quarterly to gauge their sentiment in seven economic components. A score of 100
By CSBS Chief Economist Thomas F. Siems, Ph.D. Community bankers indicated both greater optimism and more uncertainty in the CSBS first quarter 2025 survey. While optimism and uncertainty generally move in opposite directions, future expectations for three of the index’s components seem to create a thought-provoking narrative in these uncertain times. Community bankers’ optimism stems primarily from hopes that the
Download the Full Comment Letter [PDF] Jennifer Jones, Senior Counsel and Deputy Executive Secretary Attention: Comments/Legal OES (RIN 3064-ZA45) Federal Deposit Insurance Corporation 550 17th Street NW Washington, D.C. 20429 Re: Proposed Rescission and Reinstatement of Statement of Policy Dear Ms. Jones, The Conference of State Bank Supervisors 1 (“CSBS”) supports the Federal Deposit Insurance Corporation’s (“FDIC”) proposed rescission of
Washington, D.C. - State financial regulators voiced support for rescinding the FDIC’s current bank merger policy statement and suggested reforms that would modernize and improve the M&A framework in a letter sent today from the Conference of State Bank Supervisors (CSBS). To enable growth and the long-term stability of community banks and the broader financial system, bank merger policy should
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
A simple change in how to view and access information in the State Examination System (SES) can lead to increased satisfaction. The ability to export exam-related data for money services businesses (MSBs) into a customized template can generate excitement. That is some of the feedback state agency users expressed after a new round of SES updates were introduced in April
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
Mortgage companies in NMLS are linked to the mortgage loan originators (MLOs) they employ through a designation in the system referred to as a “relationship and/or sponsorship.” As part of upcoming changes to NMLS, it will become easier for mortgage companies to navigate the “relationship and/or sponsorship” section of the system. In preparation for upcoming NMLS changes for how company
The Federal Financial Institutions Examination Council (FFIEC) today announced the reselection of Charles G. Cooper to the FFIEC’s State Liaison Committee (SLC) for the term that runs from May 1, 2025, through April 30, 2027. Concurrently, the SLC announced Cooper’s re-election as SLC Chair for a one-year term that runs until April 30, 2026. Cooper has been a member of