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. - State financial regulators voiced support for rescinding the FDIC’s current bank merger policy statement and suggested reforms that would modernize and improve the M&A framework in a letter sent today from the Conference of State Bank Supervisors (CSBS). To enable growth and the long-term stability of community banks and the broader financial system, bank merger policy should
State regulators offer legislative proposals aimed at ensuring the safety and soundness of individual state-regulated entities, the broader financial markets, and the protection of consumers and small businesses in light of the current COVID-19 pandemic.
The Honorable Jeb Hensarling Chairman House Financial Services Committee 2129 Rayburn House Office Building Washington, DC 20515 Dear Chairman Hensarling: On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express state regulators’ opposition to H.R. 6743, the “Consumer Information Notification Requirement Act.” This bill would preempt state data breach notification laws and undermine state
Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP‐1788 Re: Guidelines for Evaluating Account and Services Requests Dear Ms. Misback: The Conference of State Bank Supervisors (“CSBS”) appreciates the opportunity to comment on the proposed amendments to the Federal Reserve Board’s (“Board”) Guidelines for Evaluating
Washington D.C. – Business conditions have surpassed funding as the area of greatest concern for community bankers as they navigate the impact of the coronavirus pandemic, according to the Conference of State Bank Supervisors’ (CSBS) seventh annual national survey. Last year, funding scarcity was the top concern, and only 6% of respondents listed business conditions as a challenge. However, this
Jim Payne, director of examinations and assistant deputy commissioner for the Consumer and Mortgage Lending Division of the Kansas Office of the State Bank Commissioner, will serve as the new NMLS ombudsman starting July 1.
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) has opened the 2022 Data Analytics Competition for applications. This year, students are asked to develop a data analytics model that demonstrates the role community banks played during the pandemic using data from the Paycheck Protection Program. This is the second year of the competition, designed to give both undergraduate
The Conference of State Bank Supervisors (CSBS) has established a new advisory group to provide counsel and perspective to CSBS and state financial supervisors on the development and use of artificial intelligence (AI) in the financial services sector. The CSBS Artificial Intelligence Advisory Group includes experts from academic institutions, the financial industry, and nonprofit organizations. “Artificial intelligence presents significant opportunities
Washington, D.C. – Fourteen teams have advanced in the first round of judging of the Conference of State Bank Supervisors’ Community Bank Case Study Competition. The teams were chosen from a pool of 34 student teams and represent 28 colleges and universities. This is the ninth year of the competition, which is open to undergraduate students in all fields of