Washington, D.C. – The Conference of State Bank Supervisors (CSBS) Board of Directors today released model state regulatory prudential standards for nonbank mortgage servicers. “The standards provide states with uniform financial condition and corporate governance requirements for nonbank mortgage servicer regulation while preserving local accountability to consumers,” said CSBS President and CEO John W. Ryan. By adopting the standards, states
State-chartered banks were the primary distributor of relief funds to communities, according to a new analysis by CSBS. The analysis matched recently available loan-level Paycheck Protection Program (PPP) data with lender demographic data, providing the first estimate of how different types of lenders originated PPP loans for small businesses around the country. Specifically, the analysis revealed that, as of July
Washington, D.C. – State-chartered banks were the primary distributor of relief funds to communities, according to a new data analysis by the Conference of State Bank Supervisors (CSBS). The analysis matched recently available loan-level Paycheck Protection Program (PPP) data with lender demographic data, providing the first estimate of how different types of lenders originated PPP loans for small businesses. “This
The Honorable Maxine Waters Chairwoman Committee on Financial Services U.S. House of Representatives Washington, D.C. 20515 Dear Chairwoman Waters, On behalf of the Conference of State Bank Supervisors (CSBS), 1 I am writing in response to your August 5, 2021, letter to CSBS Chair Melanie Hall 2 calling for: An update to the Joint Statement on Supervisory and Enforcement Practices
Washington, D.C. — The Conference of State Bank Supervisors (CSBS) announced today that 13 nationwide payments firms have undergone or are currently undergoing their single comprehensive exams in the first quarter of 2021 as part of the One Company, One Exam program. “Our goal of completing single, coordinated exams for each nationally operating money service business in 2021 is an