Download the Full Comment Letter [PDF] October 4, 2024 James P. Sheesley, Assistant Executive Secretary Attention: Comments – RIN 3064-ZA42 Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 Re: Request for Information on Deposits Dear Sir or Madam, The Conference of State Bank Supervisors 1 (“CSBS”) provides the following comments on the Federal Deposit Insurance Corporation’s (“FDIC”)
Washington, D.C. – Regulatory burden has risen to the top of community banker concerns, according to the 2024 Conference of State Bank Supervisors (CSBS) Annual Community Bank Survey, released today. Cost of funds, a chief concern last year, tied as a top external risk for surveyed bankers. This is the eleventh year CSBS has conducted the survey, which captures the
St. Louis – A paper on regulatory risk perception earned the John W. Ryan Award for Most Significant Contribution to 2024 Community Banking Research at the Community Banking Research Conference. The Community Banking Research Conference, co-sponsored by CSBS, the Federal Reserve System, and the FDIC, is held annually in St. Louis. The conference's planning committee chose the paper titled "
Download the Full Comment Letter [PDF] October 10, 2024 James P. Sheesley, Assistant Executive Secretary Attention: Comments – RIN 3064-AF88 Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 Re: Parent Companies of Industrial Banks and Industrial Loan Companies Dear Sir: The Conference of State Bank Supervisors 1 (“CSBS”) provides the following comments on the Federal Deposit Insurance
Washington, D.C. - Community bankers nationwide have a brighter outlook, despite continued concerns about regulatory burden. The Community Bank Sentiment Index (CBSI) moved past neutral, signaling an improved sentiment for the first time in more than three years, the Conference of State Bank Supervisors (CSBS) announced today. The third quarter 2024 CBSI moved up 11 points to 110, the first
The Bankers Electronic Crimes Taskforce, state financial regulators, and the United States Secret Service collaborated to develop this tool to help financial institutions periodically assess their efforts to mitigate risks associated with ransomware and identify gaps for increasing security.
“For more than 100 years, the states have effectively overseen a dynamic money transmission marketplace that promotes strong consumer protections, fosters innovation, and maintains access to popular and convenient financial services. 1 The states license money transmitters, supervise their financial condition, require safeguarding of customer funds, respond directly to consumer complaints, and, when appropriate, take enforcement actions against firms that
Washington, D.C. – The Conference of State Bank Supervisors (CSBS), partnering with the U.S. Secret Service (USSS) and the Bankers Electronic Crimes Task Force (BECTF), today issued an updated self-assessment tool to help nonbank financial institutions assess their efforts to mitigate risks associated with ransomware and identify security gaps. The updated Nonbank Ransomware Self-Assessment Tool (R-SAT), originally released in 2020
NMLS has more than 600,000 industry users annually. Most of these users access the system during the annual license or registration renewal period. That is why in addition to improving how users log in to NMLS and manage their credentials with self-service options, CSBS has updated the system to include the following features: New Login Screen Design The NMLS login