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
July 18, 2018 Monica Jackson, Office of the Executive Secretary onsumer Financial Protection Bureau 1700 G Street, NW Washington, DC Docket No. CFPB-2018-00014 Re: Request for Information Regarding the Bureau’s Consumer Complaint and Consumer Inquiry Handling Processes Dear Ms. Jackson, The Conference of State Bank Supervisors (“CSBS” or “state regulators”) appreciates the opportunity to comment on the Consumer Financial Protection
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
Download the Full Comment Letter [PDF] U.S. Department of the Treasury ATTN: Office of General Counsel 1500 Pennsylvania Avenue NW Washington, DC 20220 Docket no. TREAS-DO-2025-0037 RIN 1505-ZA10 Re: GENIUS Act Implementation The Conference of State Bank Supervisors (“CSBS”) [1] provides the following comments regarding the U.S. Department of the Treasury (“Treasury”) advance notice of proposed rulemaking (“ANPRM”) on the
CSBS Incoming Chair Charlie Clark SFSF Remarks May 15, 2024 Chicago Thank you, Sebastien. And thank you to everyone here today. I truly believe the stage is set for an amazing year for CSBS and the state and federal regulatory system. This forum began more than a decade ago when then-CSBS president John Ryan realized the need for state and
CSBS Comments on the Federal Deposit Insurance Corporation’s (FDIC) notice of proposed rulemaking to revise its regulations relating to the brokered deposits restrictions.
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Download the Comment Letter [PDF] Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Comment Intake – 2024 NPRM Overdraft c/o Legal Division Docket Manager Docket No. CFPB-2024-0002 RIN 3170-AA42 Re: Proposed Rule – Overdraft Lending: Very Large Financial Institutions Dear Sir or Madam: The Conference of State Bank Supervisors 1 (“CSBS”) provides the following comments on the
“Building a Durable Bank Supervisory Framework” Remarks by CSBS President and CEO Brandon Milhorn at the Carolina Bank Directors Forum Charlotte, N.C. March 3, 2026 Introduction It is a pleasure to join you here today . . . appropriately in a city known as “Bank Town.” I want to begin by thanking Commissioners Katie Bosken and Kathy Bickham. These two