STATEMENT FOR THE RECORD FROM THE CONFERENCE OF STATE BANK SUPERVISORS TO THE TASK FORCE ON FINANCIAL TECHNOLOGY OF THE U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES HEARING ON “LICENSE TO BANK: EXAMINING THE LEGAL FRAMEWORK GOVERNING WHO CAN LEND AND PROCESS PAYMENTS IN THE FINTECH AGE” SEPTEMBER 29, 2020 I. Introduction The Conference of State Bank Supervisors (CSBS) thanks the
CSBS responds to the OCC's notice of proposed rulemaking regarding “Activities and Operations of National Banks and Federal Savings Associations,” arguing that the included “non-branch” rules make far-reaching and unprecedented changes without legal authority.
MSB Accreditation Why is MSB accreditation important? Accreditation benefits state regulatory agencies in many ways, but the primary reason it is important is strategic; to prove state agencies can operate within a system of networked supervision which will ultimately make the state system of financial regulation more effective and provide better consumer protection. Overview of the MSB Accreditation Program What
State financial services regulators from 53 jurisdictions, with assistance from the Conference of State Bank Supervisors (CSBS) and American Association of Residential Mortgage Regulators, closed a multiyear investigation of Nationstar Mortgage LLC, d/b/a Mr. Cooper, one of the largest mortgage servicers in the nation. This joint effort also involved 51 state attorneys general and the federal Consumer Financial Protection Bureau