Washington, D.C. – Statement from CSBS President and CEO James M. Cooper on Opposition to Vance Amendment #10  “The Conference of State Bank Supervisors strongly opposes Senator Vance’s amendment to the RECOUP Act, which would fundamentally undermine our nation’s dual banking system by automatically converting state-chartered banks of a certain size into national banks. If enacted, the provision would dramatically

Washington, D.C. – In letters sent to both the House and Senate today, Conference of State Bank Supervisors Acting President & CEO James M. Cooper urged Members of Congress to provide marijuana businesses with access to financial services by retaining the Secure and Fair Enforcement (SAFE) Banking Act in the final conference report of the America COMPETES Act. “By granting

Washington, D.C. - The Conference of State Bank Supervisors (CSBS) has opened the 2023 Data Analytics Competition for applications. Students are asked to develop a data analytics model that demonstrates the potential impact on banks, such as earnings, deposits and asset quality, from the rapidly rising interest-rate environment and how banks should prepare. This is the third year of the

CSBS President and CEO Brandon Milhorn Statement on U.S. Supreme Court Decision, Cantero v. Bank of America “Today’s unanimous decision by the U.S. Supreme Court is a win for consumers and for state consumer financial protection laws. Cantero makes clear that courts reviewing preemption challenges must apply the high bar codified in the Dodd-Frank Act. State consumer financial laws that

State regulators call for changes to support innovation, stability, and predictability Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today raised serious concerns about stablecoin legislation in a letter to House Financial Services Committee leadership. CSBS previously expressed similar concerns about the Senate stablecoin bill. “Without the adoption of critical changes, the legislation will fall short of establishing

Washington, D.C. - Recent Executive Orders compel the Office of the Comptroller of the Currency (OCC) to rescind its preemption regulations, the Conference of State Bank Supervisors (CSBS) said today in a letter to Acting Comptroller Rodney Hood. “The OCC’s preemption regulations are clearly unlawful, inconsistent with Supreme Court rulings, and contrary to the public interest,” said CSBS President and

Washington, D.C. — New York State Department of Financial Services Superintendent and Financial Stability Oversight Council (FSOC) state banking representative Adrienne A. Harris statement on  FSOC 2023 Annual Report. “I’d like to thank the Treasury staff and detailees for putting together this year’s annual report. I know it is no small undertaking, and your efforts have not gone unnoticed. This report is an

State regulators represented by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) commend FHFA and Ginnie Mae’s significant strides toward aligning their capital and liquidity requirements for nonbank mortgage companies. As the primary supervisors of nonbank mortgage companies, state financial regulators strongly support greater coordination across all mortgage supervisors and are encouraged

The Conference of State Bank Supervisors (CSBS) this week filed an amicus brief in the 9th Circuit Court of Appeals to highlight the importance of upholding state consumer protection laws when erroneously challenged by national banks. It is the third such amicus brief since the Supreme Court’s unanimous decision in Cantero v. Bank of America that courts must take a