Washington, D.C.—The Conference of State Bank Supervisors (CSBS) today announced Bridget Plitt as senior vice president of learning and development. Plitt most recently served as chief learning officer at the Office of the Comptroller of the Currency (OCC). Plitt will develop and refine the vision and roadmap for CSBS’s learning and development function. She will also lead the learning team

Nearly 100% Believe U.S. Economy is in a Recession Washington, D.C. – Community bankers are starting the year with a negative economic outlook and largely believe the nation is in a recession, according to the most recent quarterly Community Bank Sentiment Index (CBSI), released today by the Conference of State Bank Supervisors (CSBS). The CBSI fell six points to 85

The CSBS Q4 CBSI indicates that community bankers are more pessimistic than they were in the previous quarter and near its lowest level recorded in the second quarter of 2022.

By CSBS Chief Economist Thomas F. Siems, PhD Don’t ask an economist if you want a timely prognosis on whether the nation’s economy is in a recession. Ask a community banker instead. Four years ago, CSBS launched its Community Bank Sentiment Index ( CBSI), which is now available on the federal Reserve Economic Data, known as the FRED. The CBSI

Washington, D.C. – Six student teams from across the nation have advanced to the second round of the 2023 Data Analytics Competition, the Conference of State Bank Supervisors announced today. The annual competition this year required students to develop a data analytics model that examines the potential impact on banks, such as earnings, deposits and asset quality, from the recent

FinCEN should be more explicit in its inclusion of state regulators as agencies that can request access to its forthcoming beneficial ownership information database, the Conference of State Bank Supervisors (CSBS) said in a comment letter submitted today. The Corporate Transparency Act requires a wide range of entities to report their beneficial ownership information to FinCEN. It also tasks FinCEN

Washington, D.C. – Forty student teams from 34 universities across the nation have entered the Conference of State Bank Supervisors (CSBS) 2023 Community Bank Case Study Competition. The competition is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry.  This year’s competition asks students to look at how

Over the last decade, money services businesses like Western Union and PayPal have increased in size and scope across the United States. In 2021, they handled $6 trillion in payments for U.S. consumers, a 117% increase from 2020. State financial regulators, who license and regulate these companies, have taken action to meet the changing needs of this growing sector. Several