Read the full White Paper [PDF] Nearly half of small business lending and a meaningful amount of consumer lending is conducted through community-based banks. These institutions currently face competitive pressures to remain viable. State bank supervisors, who regulate these institutions, have a duty to ensure the broad, safe access to credit within their jurisdictions. To this end, these supervisors have
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
Regulators take confidentiality seriously. So, when regulators from different states, agencies, or industries need to communicate, how do they do it? As it turns out, regulators spend months (and sometimes years) carefully setting up the infrastructure and processes so that, when the need arises to communicate with one another, they know exactly what can be shared with whom and when
Download the Full Comment Letter [PDF] October 18, 2024 James P. Sheesley, Assistant Executive Secretary Attention: Change in Bank Control Act – RIN 3064-AG04 Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 Re: Regulations Implementing the Change in Bank Control Act Dear Sir: The Conference of State Bank Supervisors 1 (“CSBS”) provides the following comments on the
Dear Senators Schumer, McConnell, Brown, and Toomey: On behalf of the Conference of State Bank Supervisors (CSBS)1, I write to request that you retain the Secure and Fair Enforcement Banking Act of 2021, the SAFE Banking Act, in the conference agreement of the America COMPETES Act. By granting a safe harbor for financial institutions, Congress can bring regulatory clarity to
Monica Jackson, Office of the Executive Secretary Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC Docket No. CFPB-2018-0003 Re: Request for Information Regarding Bureau Enforcement Processes Dear Ms. Jackson, The Conference of State Bank Supervisors (“CSBS” or “state regulators”) appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) Request for Information Regarding Bureau
Dear Representatives Pelosi, McCarthy, Waters, and McHenry: On behalf of the Conference of State Bank Supervisors (CSBS) 1, I write to request that you retain the Secure and Fair Enforcement Banking Act of 2021, the SAFE Banking Act, in the conference agreement of the America COMPETES Act. By granting a safe harbor for financial institutions, Congress can bring regulatory clarity
VIA E-Mail December 4, 2018 Robert E. Feldman, Executive Secretary Attention: Comments Federal Deposit Insurance Corporation 550 17th Street, NW Washington, DC 20429 Docket No. RIN 3064-ZA02 Re: Request for Information on FDIC Communication and Transparency Dear Mr. Feldman, The Conference of State Bank Supervisors 1 (“CSBS” or “state regulators”) appreciates the opportunity to comment on the Federal Deposit Insurance
April 26, 2021 The Honorable Sherrod Brown Chairman Senate Committee on Banking Washington, D.C. 20510 The Honorable Patrick Toomey Ranking Member Senate Committee on Banking Washington, D.C. 20510 Dear Chairman Brown and Ranking Member Toomey, On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express our members’ support of the Congressional Review Act (CRA)
April 26, 2021 The Honorable Sherrod Brown Chairman Senate Committee on Banking Washington, D.C. 20510 The Honorable Patrick Toomey Ranking Member Senate Committee on Banking Washington, D.C. 20510 Dear Chairman Brown and Ranking Member Toomey, On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express our members’ support of the Congressional Review Act (CRA)
