A new series of CSBS papers will describe the various business segments within the nonbank industry, explain how they are currently licensed and supervised by state financial regulators, and discuss issues affecting regulatory changes going forward
Welcome! It is so great to see all of you – I enjoy and appreciate that we are able to be here in person. Thank you, St. Louis Federal Reserve, for again hosting this event. This conference presented by state and federal regulators is a testament to our nation’s dual-banking system - which I believe helps make our economy the
CSBS requests the CFPB extend the deadline for comment on its Notice of Proposed Rulemaking to allow for more thorough consideration of potential implications for consumers, industry, and the mortgage market.
NMLS users tell us what they think about recent enhancements NMLS enhancements completed in July 2024 introduced a new login process for NMLS users, including the ability to access multiple NMLS accounts using a single login. In October 2024, we surveyed a select group of NMLS users to find out what they think about the system updates. The pool of
The Federal Financial Institutions Examination Council (FFIEC) today announced the selection of Greg Gonzales to the FFIEC’s State Liaison Committee (SLC). Gonzales’s term runs from May 1, 2024, through April 30, 2026. Gonzales is the Commissioner of the Tennessee Department of Financial Institutions, a position he has held since 2005. As Commissioner, he serves as Tennessee’s chief regulatory officer of
Because of their local knowledge and expertise, federal law mandates that state regulators are represented at the highest levels in federal banking agencies. The U.S. financial regulatory structure did not come about by accident – its current state reflects a process that has repeatedly placed a value on multiple regulatory perspectives and sought to avoid an excessive consolidation of regulatory
I’d like to thank Secretary Yellen for her leadership on this Council, and to my fellow regulators for another productive and collaborative year working to protect the American people, the institutions we regulate, and the global financial system from new and emerging risks. I’d also like to thank the Treasury staff and detailees for putting together this year’s Annual Report
CSBS announces the launch of MSB Networked Supervision, a state-led initiative which dramatically streamlines the licensing requirements for nationwide money transmitters.
In revising its existing procedures and standards with respect to CIDs and associated processes, we encourage the CFPB to do so in a manner that recognizes that state regulators serve as the primary regulators of non-depositories