The Conference of State Bank Supervisors added state usury rates to the 50-state Consumer Finance Laws Survey, a tool that gives users a clear look at similarities and differences across state compliance requirements, including applicable allowable interest rates.
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
State regulators reiterate their request for the Bureau to reconsider the creation of the proposed CFPB Registry. If the Bureau chooses to proceed, state regulators ask that the CFPB exempt companies from the requirement of filing a public order if the order is already published on NMLS Consumer Access.
State regulators firmly oppose H.R. 4439, the Modernizing Credit Opportunities Act, as it would allow bad actors to exploit banks’ federal preemption to issue harmful loans to consumers in contravention of state law.
The FDIC’s proposed corporate governance guidelines for certain state-chartered banks are so fatally flawed that they should be withdrawn, state financial regulators argue.
St. Louis – A paper on regulatory risk perception earned the John W. Ryan Award for Most Significant Contribution to 2024 Community Banking Research at the Community Banking Research Conference. The Community Banking Research Conference, co-sponsored by CSBS, the Federal Reserve System, and the FDIC, is held annually in St. Louis. The conference's planning committee chose the paper titled "
Washington, D.C. – The Conference of State Bank Supervisors (CSBS), partnering with the U.S. Secret Service (USSS) and the Bankers Electronic Crimes Task Force (BECTF), today issued an updated self-assessment tool to help nonbank financial institutions assess their efforts to mitigate risks associated with ransomware and identify security gaps. The updated Nonbank Ransomware Self-Assessment Tool (R-SAT), originally released in 2020
Washington, D.C.—Texas Banking Commissioner and Financial Stability Oversight Council (FSOC) state banking representative Charles G. Cooper statement on FSOC’s Report on Digital Asset Financial Stability Risks and Regulation. “First, I want to commend the FSOC staff and member agencies on a report that helps regulators, industry, and the public better understand the risks associated with digital assets. This report, and
Washington, D.C. – Five student teams advanced to the finals this week in the 2024 CSBS Community Bank Case Study Competition, emerging from a second round of eleven teams. This is the tenth year of the competition, which is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today named three graduate students as 2023 Community Banking Research Conference Emerging Scholars. The scholars are Naz Koont from Columbia University, Giorgi Nikolaishvili from the University of Oregon, and Hristiana Vidinova from the University of Chicago. The CSBS emerging scholars program is designed to identify future community banking researchers by