Washington, D.C. - Community banks are slightly more optimistic about future economic conditions, but not enough to move the needle above neutral. The second quarter 2024 CSBS Community Bank Sentiment Index (CBSI), released today, ticked up merely 1 point to 99 compared to last quarter’s survey, remaining slightly below the neutral level of 100. While four of the seven components
Washington, D.C. - The Conference of State Bank Supervisors (CSBS) today named a student team from the Commonwealth University of Pennsylvania as the winner of the 2024 Community Bank Case Study Competition. Teams from the University of Illinois-Springfield and Southeastern Louisiana University placed second and third, respectively. “These teams provided in-depth findings and innovative thinking. The Commonwealth University of Pennsylvania
Community banker sentiment remains near-neutral for a second quarter but is still rising; in the second quarter of 2024, the Community Bank Sentiment Index (CBSI) reached its highest level recorded since 2021. CSBS Chief Economist Tom Siems joins us today to explore what is driving a near-neutral sentiment from community bankers, how uncertainty impacts a community bank's outlook, and what
By Thomas F. Siems, Ph.D., CSBS Chief Economist The CSBS second quarter 2024 Community Bank Sentiment Index (CBSI) indicates that community bankers are less pessimistic than they have been since the end of 2021, but some concerns persist. The Federal Reserve’s aggressive monetary policy tightening over the past 27 months has significantly raised interest rates, resulting in greater deposit competition
WASHINGTON, D.C. – The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data are used
Washington, D.C. – The Federal Housing Finance Agency (FHFA) should not make any changes to the Federal Home Loan Bank System that would undermine the ability of institutions to access essential funding, the Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) said in a joint comment letter today. Federal Home Loan Bank
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced Jim Payne, director of examinations and assistant deputy commissioner for the Consumer and Mortgage Lending Division of the Kansas Office of the State Bank Commissioner, will continue his service as the NMLS Ombudsman for a third term, starting July 1. The NMLS Ombudsman provides state regulators and industry
What is NMLS NMLS is an online platform used to manage: State license application and annual renewal for companies and individuals in the mortgage, debt, consumer finance, and money services business industries. Registration and annual renewal for federally regulated banks and credit unions that originate home mortgages, and the mortgage loan originators (MLOs) who work for these institutions. Today, approximately
NMLS Modernization is a multi-year effort to enhance NMLS and deliver an improved user experience for state regulators and industry professionals – those who rely on NMLS the most. Today, we're excited to announce the first release of system enhancements as a part of NMLS Modernization. This release sets the foundation for future major enhancements as part of the modernization
Department Accreditation What is Accreditation? The CSBS Accreditation Program involves an in-depth review of an agency’s policies, procedures, and operations to determine if it meets the standards set forth by the Performance Standards Committee (PSC). A state seeking accreditation for the first time or a state seeking its five-year re-accreditation must complete the self-evaluation questionnaire (SEQ), which includes several sections
