Washington, D.C. – Today, at a Women in Housing and Finance event, FDIC Vice Chairman Travis Hill commented on the agency’s corporate governance proposal, raising concerns and noting that the FDIC is continuing its work on the guidelines. “There is simply no rationale for the FDIC to proceed with this proposal,” said CSBS President and CEO Brandon Milhorn. “The corporate

As the administrative record makes clear, the FDIC’s corporate governance proposal is ill-conceived and must be withdrawn. The FDIC’s rule would impose a one-size-fits-all mandate on institutions that would intrude on over a century of state fiduciary laws.

Washington, D.C - CSBS President and CEO Brandon Milhorn issued the following statement in response to a House letter sent to the FDIC today: “We appreciate the continued oversight by Congress of the FDIC's flawed corporate governance guidelines and are pleased that the FDIC does not intend to finalize the rules over the next two months. Moving forward, this proposal

The FDIC should rescind its brokered deposits proposal, CSBS said in a comment letter today. The proposal would needlessly disrupt an important source of bank funding and cause other complications with no clear justification. “The brokered deposits proposal fails to meet the rigorous, fact-based, and data-driven rulemaking standard stakeholders deserve,” said CSBS President and CEO Brandon Milhorn. “This proposal takes

The CSBS Networked Supervision Champions program recognizes state agency staff who are going above and beyond to empower the multistate network for better financial supervision and industry compliance. Congratulations Mark Hastie! State financial regulators are focused on implementing consistent standards and practices across the state system to streamline the regulation of nonbank financial companies operating in multiple states. Minnesota is

The Professional Development Division provides cutting edge training for today's fast-paced financial industry. We offer a wide range of programs to fit your training needs. Our on-site programs include pre-course study materials utilizing the latest Web-Based multimedia technology.

Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation. Older adults who experience financial exploitation can lose their life savings and financial security and face other harm. A FinCEN

I’d like to thank Secretary Yellen for her leadership on this Council, and to my fellow regulators for another productive and collaborative year working to protect the American people, the institutions we regulate, and the global financial system from new and emerging risks. I’d also like to thank the Treasury staff and detailees for putting together this year’s Annual Report