If you are interested in sending condolences to John's husband Tom or to John's family, more information is available here. We are profoundly saddened by the loss of our leader and friend, CSBS President and CEO John W. Ryan, who died unexpectedly of natural causes on May 16. John was a steadfast advocate of the state financial system who combined
Washington, D.C. – In letters sent to both the House and Senate today, Conference of State Bank Supervisors Acting President & CEO James M. Cooper urged Members of Congress to provide marijuana businesses with access to financial services by retaining the Secure and Fair Enforcement (SAFE) Banking Act in the final conference report of the America COMPETES Act. “By granting
As stated in our November 2016 comment letter to the OCC state bank regulators oppose the creation of a special purpose national bank charter for financial technology (fintech) and other nondepository companies because: The OCC lacks statutory authority to issue such a charter; Such a charter will distort the marketplace for financial services, with a federal agency arbitrarily picking winners
State regulators remain firmly opposed to the Comptroller’s unprecedented, unlawful expansion of its chartering authority to create a national nonbank charter. As we have discussed at length in previous comment letters, the OCC lacks the requisite authority to issue the proposed nonbank charter. Courts have long held and Congress has long since affirmed that a national bank must possess and
The Conference of State Bank Supervisors (“CSBS” or “state regulators”) is the nationwide organization of state regulators from all 50 states, American Samoa, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. CSBS supports the state banking agencies by serving as a forum for policy and supervisory process development, and facilitates state implementation of policy through training
The Conference of State Bank Supervisors (“CSBS” or “state regulators”) appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) request for information regarding the small business lending market and section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“DFA 1071”). CSBS is the nationwide organization of state banking and financial services regulators
While state regulators are supportive of the removal of duplicative guidance, we believe that additional clarity is needed regarding the proposed changes to the communication of examination findings.