Washington, D.C. – In testimony today before the House Financial Services Committee, Arkansas Bank Commissioner Susannah Marshall warned that without collective action from Congress and the federal banking agencies, the nation will continue to lose community banks, threatening banking access for millions of Americans – especially those in rural and small-town communities. Marshall has served as Commissioner of the Arkansas
Mortgage companies in NMLS are linked to the mortgage loan originators (MLOs) they employ through a designation in the system referred to as a “relationship and/or sponsorship.” As part of upcoming changes to NMLS, it will become easier for mortgage companies to navigate the “relationship and/or sponsorship” section of the system. In preparation for upcoming NMLS changes for how company
Washington, D.C. – A paper on regulatory risk perception earned the John W. Ryan Award for Most Significant Contribution to Community Banking Research at the 2023 Community Banking Research Conference. The conference’s planning committee chose the paper titled “Regulatory Risk Perception and Small Business Lending,” authored by Siddharth Vij with the University of Georgia-Terry College of Business and Joseph Kalmenovitz
Washington, D.C.— Community bankers’ collective view of future business conditions and the economy plummeted in the last quarter, according to the Community Bank Sentiment Index (CBSI), released today. While the start of the year showed some concerns, the second-quarter 2022 CBSI dove to 84 points, down 13 points from the last quarter. The current value is its lowest level since
Washington, D.C. – Community bankers nationwide shared a dismal outlook on economic conditions in the latest Community Bank Sentiment Index (CBSI), released today by the Conference of State Bank Supervisors (CSBS). The quarterly survey dropped to 83, falling two points from the previous quarter and to its lowest level since the survey began in 2019. Five of the seven components
Background The Information Sharing Protection Task Force (Task Force), formed from 2020 to 2022, assembled representatives from all five CSBS districts, large and small states, states with very protective statutes and states with sweeping open record laws. The group was led by the Non-Depository Supervisory Committee (NDSC) chair and supported by CSBS’ General Counsel and staff. The Task Force’s purpose
Washington, D.C. – Community bankers’ assessment about future economic and financial conditions continues to indicate a positive economic outlook, according to the most recent Community Bank Sentiment Index (CBSI). The Conference of State Bank Supervisors (CSBS) released the second quarter 2021 CBSI results today, collecting data from community banks across the nation during the month of June. The results showed a
Washington D.C. – The lingering effect of the Covid-19 pandemic on local economies has created a new concern for community banks: historic levels of deposits and narrow net interest margins, according to the Conference of State Bank Supervisors’ (CSBS) eighth annual national community bank survey. The survey of nearly 500 community bankers nationwide reveals a shift from last year, when
Washington, D.C. – Community bankers are less optimistic about future business conditions and the economic outlook than they were earlier this year, according to the most recent Community Bank Sentiment Index (CBSI). The Conference of State Bank Supervisors (CSBS) released the third quarter 2021 CBSI results today, collecting data from community banks across the nation during the month of September