CSBS requests the Treasury Department and Board of Governors of the Federal Reserve System establish a liquidity facility to support the mortgage servicing sector in anticipation of widespread borrower payment forbearance.
CSBS comments on the joint notice of proposed rulemaking issued by the Federal Deposit Insurance Corporation and the Office of Comptroller of the Currency titled “Community Reinvestment Act Regulations”.
The Honorable Steven Mnuchin Secretary U.S. Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 The Honorable Jovita Carranza Administrator U.S. Small Business Administration 409 3rd Street, SW Washington, DC 20416 Dear Secretary Mnuchin and Administrator Carranza: On behalf of the Conference of State Bank Supervisors (CSBS), I write to you to provide critical feedback from state regulators
CSBS urges Congressional action to establish a credit facility for nonbank mortgage servicers and reestablish the Transaction Account Guarantee (TAG) program for at least two years.
Renewal Season Starts Nov. 1 Washington, D.C. – State regulators encourage individuals and businesses in the mortgage, money transmission, debt collection and consumer financial services industry to start preparing now for the Nov. 1 start of Nationwide Multistate Licensing System (NMLS) annual license renewal. Mortgage loan originators (MLOs) and mortgage companies account for more than 846,000 state licenses to be
State regulators, in collaboration with the Bankers' Electronic Crimes Taskforce and the U.S. Secret Service, this week released an updated Ransomware Self-Assessment Tool (R-SAT) for banks to help mitigate new risks associated with ransomware attacks and identify security gaps. The new version updates the R-SAT originally released in 2020 due to evolutions in the ransomware threat environment, bad actor tactics
Today's Guest Rich Madison, Vice President, Credentialing and Accreditation Programs In today's episode, we discuss: What a mortgage broker's license is What it means for your mortgage broker to be licensed Where you can search for a licensed or registered mortgage broker Who to contact if you have concerns
By Temple University Professor of Finance, Jonathan A. Scott and CSBS Chief Economist, Thomas F. Siems Net interest margins, the cost of funds and core deposit growth ranked as the top three most important external risks facing state-chartered community banks, according to the 2023 CSBS Annual Survey of Community Banks, released last month. But when community banks are partitioned by
Former senior FDIC official to lead national organization of state financial regulators Washington, D.C. – The Conference of State Bank Supervisors’ Board of Directors today announced the appointment of Brandon Milhorn, currently deputy to FDIC Vice Chairman Travis Hill and previously chief operating officer, chief of staff and deputy to FDIC Chairman Jelena McWilliams, as its next president and CEO
The Ransomware Self-Assessment Tool (R-SAT) is a tool to help financial institutions periodically assess their efforts to mitigate risks associated with ransomware and identify gaps for increasing security. State regulators, in collaboration with the Bankers' Electronic Crimes Taskforce and the U.S. Secret Service, released an updated R-SAT. In this episode, we speak with CSBS Senior Director of Cybersecurity Policy and
