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)
June 14, 2021 The Honorable Maxine Waters Chairwoman House Committee on Financial Services Washington, D.C. 20515 The Honorable Patrick McHenry Ranking Member House Committee on Financial Services Washington, D.C. 20515 Dear Chairwoman Waters and Ranking Member McHenry, On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express our members’ support of the Congressional Review
September 3rd, 2020 Office of the Comptroller of the Currency Chief Counsel’s Office 400 7th Street, SW, Suite 3E-218 Washington, DC 20219 Docket ID OCC-2020-0026 Re: National Banks and Federal Savings Associations as Lenders. Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”) 1 appreciates the opportunity to comment on the Notice of proposed rulemaking issued by the
CSBS supports state-federal coordination across a range of supervisory and regulatory structures and work streams. Decades of engagement with the federal banking agencies informed CSBS’s efforts to ensure that the law creating the CFPB codified coordination with state regulators. For more than a decade, the states have been leaning into that partnership through supervisory efforts, information sharing, and enforcement through
Financial Crimes Enforcement Network (“FinCEN”) Policy Division P.O. Box 39 Vienna, VA 22183 FINCEN-2021-0005 RIN 1506-AB49 Re: Advance Notice of Proposed Rulemaking - Beneficial Ownership Information Reporting Requirements Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”) 1 appreciates the opportunity to comment on the Advance Notice of Proposed Rulemaking (“ANPR” or “Notice”) issued by the Financial Crimes
In light of the significant implications for financial stability and the resiliency of the U.S. banking industry, state bank regulators believe it is important that agreement across all of the federal banking agencies should be reached before any proposed revisions to the eSLR are issued or adopted.
The Honorable Pat Toomey Ranking Member Senate Banking Committee Washington, D.C. 20510 Dear Ranking Member Toomey, The Conference of State Bank Supervisors (CSBS) 1 appreciates the opportunity to highlight the critical role of state bank regulators in supervising money transmission and virtual currencies. State regulators charter and supervise 79 percent of all U.S. banks and are the primary regulators of
Purpose Five federal financial institution regulatory agencies, 1 in conjunction with the state bank and state credit union regulators, (collectively, agencies) are jointly issuing this statement to emphasize the expectation that supervised institutions with LIBOR exposure continue to progress toward an orderly transition away from LIBOR. Additionally, this statement includes clarification regarding new LIBOR contracts, considerations when assessing appropriateness of
Recent statements about money transmission in the United States have perpetuated myths about consumer protections and the safety and soundness of this vibrant, secure, and trusted part of our country’s payments ecosystem. It is time that we dispel some of these myths by explaining the realities of the state-developed, nationwide framework for regulation, licensing, and supervision of money transmission. While