Specialty Certification Certified Money Service Business Examiner (CMBE) Objectives of the CMBE Certification Program: To achieve recognition of the skill level required for the examination and review for compliance with state and federal laws and regulations applicable to regulated licensees. Money Service Businesses include money transmitters; currency dealers/exchangers; check cashers; and issuers, sellers or redeemers of traveler’s checks, money orders
About the Examiner Certification Program (ECP) Eligibility Participation in the Examiner Certification Program (ECP) is open to all state agency regulators who meet the education and experience qualifications for a credential, and is strictly voluntary. Refer to the Participant Handbook below for details of all ECP processes, procedures, and governance. To Apply Applying for certification is a simple and secure
The CSBS Networked Supervision Champions program recognizes state agency staff who are going above and beyond to empower the multistate network for better financial supervision and industry compliance. Congratulations Mark Hastie! State financial regulators are focused on implementing consistent standards and practices across the state system to streamline the regulation of nonbank financial companies operating in multiple states. Minnesota is
The Model Money Transmission Modernization Act, also known as the Money Transmitter Model Law, is a single set of nationwide standards and requirements created by industry and state experts. We speak with two CSBS experts on money transmission to learn how this model law came to be, what it accomplishes and how it's being implemented nationwide. Chapters 0:46 - What
As the financial services industry rapidly evolves in volume and complexity, CSBS is creating data, technology, and analytical products to help state regulators anticipate and mitigate risk within the financial system. Harnessing the Power of Data CSBS's research and analytics services and products act as a force multiplier, giving states the information they need to accomplish more despite time and
The Money Transmission Modernization Act is a single set of nationwide standards and requirements to modernize the supervision and regulation of money transmitters.
CSBS/NAIC Model Agreement States that have signed the CSBS/NAIC model agreement or similar agreements with the Insurance Commissioner in their respective states. Alabama Kentucky Mississippi Tennessee Delaware Maine New Jersey Texas Georgia Maryland New Mexico Idaho Massachusetts Oklahoma Illinois Michigan Rhode Island
A student team from William & Mary has won the 2023 Data Analytics Competition, the Conference of State Bank Supervisors announced today. The annual Data Analytics Competition engages CSBS with the academic community. This year’s competition, held virtually on May 4, challenged students to develop a data analytics model that examines the potential impact on banks from the recent rapidly rising interest rate
State regulators represented by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) commend FHFA and Ginnie Mae’s significant strides toward aligning their capital and liquidity requirements for nonbank mortgage companies. As the primary supervisors of nonbank mortgage companies, state financial regulators strongly support greater coordination across all mortgage supervisors and are encouraged
