Working with the Bankers Electronic Crimes Task Force and the United States Secret Service, state supervisors released Ransomware Self-Assessment Tools (R-SAT) for both banks and nonbanks in 2020. R-SAT helps financial institutions assess how they can mitigate ransomware risks and identify other cybersecurity gaps. In October 2023, we released a new, updated R-SAT for banks to address new risks associated

“We are disappointed that the CFPB is proceeding with its Public Orders Registry and stand by the concerns expressed by state regulators during the consultation process and in CSBS’s comment letter. CSBS’s primary focus now is to help ensure alignment between the CFPB’s Registry and the Nationwide Multistate Licensing System to prevent consumer and industry confusion and redundant reporting. We

By Temple University Professor of Finance Jonathan A. Scott and CSBS Chief Economist Thomas F. Siems In the 2023 CSBS Annual Survey of Community Banks, 21% of respondents reported that their pricing decisions on loans and deposits influence local market interest rates, 59% reported they have some influence, and the remaining 20% reported no influence. Can community banks product pricing

Washington, D.C. – Five student teams advanced to the finals this week in the 2024 CSBS Community Bank Case Study Competition, emerging from a second round of eleven teams. This is the tenth year of the competition, which is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry

"By nominating an individual to the FDIC Board who lacks state bank supervisory experience, the White House, once again, has ignored the requirements of the Federal Deposit Insurance Act. Congress insisted on state supervisory experience on the FDIC Board for a reason: states are the chartering authority and primary regulator for 79% of all U.S. banks. State supervisors understand the