Washington, D.C. – The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today jointly filed an amicus brief in support of the petitioners to the U.S. Supreme Court in the case of Cantero v. Bank of America. CSBS and AARMR support effective supervision and regulation of the residential mortgage industry for both state-chartered
Washington, D.C. — New York State Department of Financial Services Superintendent and Financial Stability Oversight Council (FSOC) state banking representative Adrienne A. Harris statement on FSOC 2023 Annual Report. “I’d like to thank the Treasury staff and detailees for putting together this year’s annual report. I know it is no small undertaking, and your efforts have not gone unnoticed. This report is an
Washington, D.C. – While community bankers continue to hold a negative view of future economic conditions, their outlook is becoming less pessimistic, according to the latest Community Bank Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS) today. The CBSI inched up 6 points to 92 in the fourth quarter of 2023. This is the second continued
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.
Washington, D.C. – The federal banking agencies’ capital proposal is misguided and unjustified, the Conference of State Bank Supervisors (CSBS) said in comments filed today. Without significant changes, state regulators are concerned that the proposal could disrupt the United States economy. After a decade of reform, the banking system has strong capital levels and is more resilient. However, the Basel
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