State financial regulators and attorneys general levy a combined $20 million in fines for data misuse that impacted 480,000 consumers nationwide Washington, D.C.— Forty-four state agencies have reached settlements with ACI Payments, Inc., for erroneously initiating electronic transactions totaling $2.3 billion from the accounts of 480,000 mortgage-holders serviced by Mr. Cooper (formerly known as Nationstar Mortgage, LLC). State regulators levied

The California Department of Financial Protection and Innovation, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of the California wildfires and straight-line winds on the customers and operations of many financial institutions and will provide appropriate regulatory assistance

Safety and Soundness Certification Certified Operations Examiner (COE) Objectives: To achieve recognition of the foundational skill level required for the examination and review of financial institutions for adherence to state and federal laws and regulations, including those related to capital, earnings, liquidity, sensitivity, and overall operational soundness. To promote continuing education and development of essential supervisory skills in bank regulation

Washington, D.C. – The Community Banking Research Conference planning committee has named three graduate students as the 2025 Community Banking Research Conference Emerging Scholars. The scholars are: Gene Kang from the Haas School of Business at UC Berkeley, Anthony Waikel from the University of Georgia, and Ruinan Liu from McMaster University. The Community Banking Research Conference, co-sponsored by CSBS, the

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

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