Washington, D.C. – Forty-four state financial agencies, led by the California Department of Financial Protection and Innovation (DFPI), have reached settlements with more than 400 mortgage loan originators nationwide who deceptively claimed to have completed annual continuing education as required under state and federal law. Danny Yen, owner of Carlsbad, Calif.-based course provider Real Estate Educational Services, is facing administrative

Washington, D.C. – Three state financial agencies have reached a settlement agreement with Danny Yen, owner of Carlsbad, California-based mortgage education course provider Real Estate Educational Services, for his role in a multi-state fraud scheme that involved hundreds of mortgage loan originators. The California Department of Financial Protection and Innovation (DFPI), Maryland’s Office of the Commissioner of Financial Regulation and

Washington, D.C. – Forty student teams from 34 universities across the nation have entered the Conference of State Bank Supervisors (CSBS) 2023 Community Bank Case Study Competition. The competition is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry.  This year’s competition asks students to look at how

Washington, D.C. – Community bankers nationwide continue to have a fairly pessimistic view of the economy, but their outlook ticked up slightly in the third quarter, according to the Community Bank Sentiment Index (CBSI) released today by the Conference of State Bank Supervisors (CSBS). The third quarter 2022 CBSI rebounded seven points from its all-time low of 84 experienced in

Washington, D.C. - Community bankers nationwide have a brighter outlook, despite continued concerns about regulatory burden. The Community Bank Sentiment Index (CBSI) moved past neutral, signaling an improved sentiment for the first time in more than three years, the Conference of State Bank Supervisors (CSBS) announced today. The third quarter 2024 CBSI moved up 11 points to 110, the first

Washington, D.C. – The Nationwide Multistate Licensing System (NMLS) has a new login process that requires users to update their username and password and establish account recovery details. State regulators encourage licensees to complete this process before Nov. 1 to save time during NMLS annual renewals. “We’ve made some improvements this year to the login process based on user feedback,”

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

System updates will improve the user experience and create greater efficiencies Washington, D.C. – The Conference of State Bank Supervisors (CSBS) is set to release the first phase of large-scale enhancements for the Nationwide Multistate Licensing System & Registry (NMLS) on July 20. The system updates will resolve pain points for professionals across the mortgage, consumer finance, debt, and money

Washington, D.C. - Community bankers report an overall positive economic outlook for a third consecutive quarter, but their confidence in future business conditions is fading, according to the first quarter Community Bank Sentiment Index (CBSI) results. The Conference of State Bank Supervisors (CSBS) polls community banks nationwide quarterly to gauge their sentiment in seven economic components. A score of 100