CSBS is enhancing NMLS to provide users with a simplified account setup and management process – eliminating the need for users to have multiple accounts when they fulfill different roles within a company.
State bank regulators have asked the federal banking agencies to amend their long-term debt (LTD) proposal for large banking organizations. The proposal would require banks over $100 billion in assets to issue and maintain a minimum amount of LTD, which is meant to enhance the resolvability of such firms in the event of failure, as well as promote the resiliency
By Thomas F. Siems, Ph.D., CSBS Chief Economist The CSBS fourth quarter 2023 Community Bank Sentiment Index ( CBSI) indicates that community bankers are less pessimistic than they were in the previous two quarters, but concerns persist. The Federal Reserve’s aggressive monetary tightening over the past 22 months has significantly raised interest rates, resulting in lower loan demand, greater deposit
By CSBS Products and Solutions Executive Vice President Vickie Peck CSBS recently hosted more than 650 state regulator and industry users at the 16 th NMLS Annual Conference & Training in San Antonio, Texas. You may wonder – another year, another conference at a busy, bustling venue, but what’s new? We shared the key enhancements coming this year to the
Just after midnight on Aug. 8, 2023, a brush fire began in central Maui. Within 24 hours, the fire had burned approximately 1,000 acres of land, destroying the town of Lahaina and displacing hundreds of families from their homes, jobs, and livelihoods. “The unique feature of this particular disaster was how many buildings were completely lost,” said Assistant Secretary for
The 2024 NMLS Annual Conference & Training featured an NMLS user experience station where system users were able to participate in research activities and engage with the NMLS team about the future of the system. This dedicated station was important because we rely on input from NMLS users − both regulators and industry − to help determine how we will
By Temple University Professor of Finance Jonathan A. Scott and CSBS Chief Economist Thomas F. Siems Community banks that specialize in agricultural lending play a pivotal role in supporting the U.S. economy by providing financial services to farmers and ranchers that helps ensure a stable and reliable food supply. Comprising 26% of the overall population of the nation’s community banks
CSBS, on behalf of state regulators, owns and operates the Nationwide Multistate Licensing System & Registry (NMLS), an online licensing, registration, and supervisory platform that brings regulatory efficiency and accountability to the mortgage industry and other nonbank financial services providers. Its supervisory component, the State Examination System (SES), harmonizes and automates processes, streamlining the exam process for financial institutions. NMLS