Download the Full Letter [PDF] The Honorable Tim Scott Chairman U.S. Senate Committee on Banking, Housing & Urban Affairs 534 Dirksen Senate Office Building Washington, DC 20510 The Honorable Elizabeth Warren Ranking Member U.S. Senate Committee on Banking, Housing & Urban Affairs 534 Dirksen Senate Office Building Washington, DC 20510 Re: Nomination of Travis Hill to Serve as Chairman of
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
“Preserving America’s Community Banks” Conference of State Bank Supervisors President and CEO Brandon Milhorn Remarks ICBA Capital Summit May 14, 2025 Introduction It is exciting to be here at the ICBA Capital Summit, and energizing to be in a room full of community bankers willing to come to Washington, D.C., and speak with policymakers about the importance of their banks
Washington, D.C. — North Dakota Department of Financial Institutions Commissioner and Financial Stability Oversight Council (FSOC) State Banking Supervisor Representative Lise Kruse statement from today’s FSOC meeting: "I would like to start by commending Secretary Bessent, along with the federal banking agencies, for their attention to this important issue. On this Council, I represent the state banking agencies, who charter
Static and outdated regulatory thresholds impede a dynamic banking system and can create unnatural barriers that limit a community bank’s growth. State supervisors consistently have called on federal policymakers – whether before Congress or the federal regulatory agencies – to update rules and supervisory approaches to account for economic growth and changes in the banking industry. This week, CSBS stated
CSBS supports state regulators in advancing the system of state financial supervision by ensuring safety, soundness and consumer protection; promoting economic growth; and fostering innovative, responsive supervision. The content in the Policy Section describes the positions of CSBS on legislation, regulations and guidance in advancing these objectives.
Keynote Remarks 2025 Fintech Conference: Bank-Fintech Partnerships|Distributed Ledger Technology|Regulation and Fintech Innovation Conference of State Bank Supervisors President and CEO Brandon Milhorn Federal Reserve Bank of San Francisco April 4, 2025 Thank you for that kind introduction. I would like to thank President Mary Daly and the San Francisco Fed for the opportunity to participate in this discussion of innovation
The CSBS Nonbank Model Data Security Law leverages the FTC Safeguards Rule to establish a robust framework for nonbank financial institutions to mitigate cyber threats, prevent data breaches, and uphold the integrity of the financial system.
Washington, D.C. – In separate letters to the U.S. Treasury Department and the federal banking agencies, CSBS outlined important policy considerations to foster a national regulatory framework for stablecoins and tokenized deposits that protects consumers, promotes financial stability, and provides a level playing field for traditional financial institutions and new payment stablecoin issuers. “Stablecoin and tokenized deposit efforts should proceed
Washington, D.C. – Conference of State Bank Supervisors (CSBS) President and CEO Brandon Milhorn Statement on House Passage of the GENIUS Act: “A national regulatory framework for stablecoins is a vital precondition for a broader, innovative digital asset ecosystem in the United States. The GENIUS Act is a historic, bipartisan effort to accomplish this goal. We appreciate congressional support for