As the financial services industry rapidly evolves in volume and complexity, CSBS is creating data, technology, and analytical products to help state regulators anticipate and mitigate risk within the financial system. Harnessing the Power of Data CSBS's research and analytics services and products act as a force multiplier, giving states the information they need to accomplish more despite time and
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
State regulators firmly oppose the provisions of the PROSPER Act preempting state servicing laws. The preemption provisions upset the historical federal-state balance in financial regulation and wrongfully interfere with traditional state enforcement authority.
State regulators acknowledge the CFPB’s willingness to review and seek public input on the Bureau’s Rulemaking Processes. State regulators, through CSBS, have engaged with the Bureau through the public comment process on many of the Bureau’s proposed rules.
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today is inviting technology firms and other vendors to develop proofs of concept that could modernize how bank regulators receive and analyze financial data from banks. Part of CSBS’s Catalyst Initiative, this innovation challenge is focused on making bank financial data reporting less costly, simpler, and more timely than the
Washington, D.C. – The Conference of State Bank Supervisors encourages community banks to participate in its tenth Annual Community Bank Survey, open now through June 30. This is an important opportunity for community banks to share their perspectives on community banking, the economy, regulation and supervision with state and federal policymakers. This year’s questions focus on current bank conditions and
Washington, D.C.- CSBS President and CEO Brandon Milhorn Statement on Senate Passage of the GENIUS Act: “A national framework for stablecoins will only be successful if it protects consumers and financial stability. CSBS appreciates the efforts of the Senate to improve the GENIUS Act, moving the bill closer to these goals. In particular, Senate revisions to the bill have substantially
Download the Full Comment Letter [PDF] Jennifer M. Jones, Deputy Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 RIN 3064-AG15 Re: Adjusting and Indexing Certain Regulatory Thresholds Dear Ms. Jones: The Conference of State Bank Supervisors (“CSBS”) provides the following comments on the Notice of Proposed Rulemaking (“proposal”) issued by the Federal Deposit Insurance Corporation
Washington, D.C. – Efforts by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency to define “unsafe or unsound practices” should promote a balanced and resilient federal supervisory framework, the Conference of State Bank Supervisors said in a comment letter today. “Any final rule must enable the prompt identification and remediation of core risks to a bank’s financial