CSBS President and CEO John Ryan writes the Senate Banking Committee in support of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
Despite the rarity of waiver applications, state regulators believe that limited availability of qualified appraisers in numerous markets is impacting the ability of many banks to fulfill the credit needs of the communities they serve.
Maintaining the primary role of the state regulatory system is critical to ensuring the continued protection of consumers and maintaining the strength and competitiveness of the non-bank financial services industry.
Washington D.C. – Business conditions have surpassed funding as the area of greatest concern for community bankers as they navigate the impact of the coronavirus pandemic, according to the Conference of State Bank Supervisors’ (CSBS) seventh annual national survey. Last year, funding scarcity was the top concern, and only 6% of respondents listed business conditions as a challenge. However, this
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive publicly available information on mortgage market activity. They are used by
June 14, 2021 The Honorable Maxine Waters Chairwoman House Committee on Financial Services Washington, D.C. 20515 The Honorable Patrick McHenry Ranking Member House Committee on Financial Services Washington, D.C. 20515 Dear Chairwoman Waters and Ranking Member McHenry, On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express our members’ support of the Congressional Review
Statement from John W. Ryan, CSBS president and CEO, on striking down the OCC true lender rule: "State regulators support the CRA challenge to the OCC’s true lender rule, which if it stands, will eviscerate the power of state interest rate caps and deny state regulators their most effective tool to protect consumers from such predatory lending. We encourage members