Innovation challenge is part of CSBS Catalyst Initiative Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today selected five technology companies to develop and prototype their concepts to make bank financial data reporting less burdensome, more granular, and more timely than the current quarterly submission process. “Technology can help fundamentally change the way states examine banks and identify

State regulators today asked the Consumer Financial Protection Bureau (CFPB) to reconsider its proposed registry for nonbank businesses that are subject to public orders for violations of federal or state consumer protection laws. The proposed registry would exceed the CFPB’s authority and is not needed to identify repeat offenders, the Conference of State Bank Supervisors said in a comment letter

“We are disappointed that the CFPB is proceeding with its Public Orders Registry and stand by the concerns expressed by state regulators during the consultation process and in CSBS’s comment letter. CSBS’s primary focus now is to help ensure alignment between the CFPB’s Registry and the Nationwide Multistate Licensing System to prevent consumer and industry confusion and redundant reporting. We

Structure Your Program How to Structure Your Cybersecurity Program Your information security program will be shaped by your organization’s unique needs and business processes. There is no one-size-fits-all solution. The Cybersecurity Framework (CSF), published by the National Institute for Standards and Technology (NIST), is a flexible, adaptable tool for organizing any information security program, regardless of size and resources. Although

CEO Q&A Questions Every CEO Should Ask Although cybersecurity was once considered solely an information technology (IT) concern, the increase in frequency and sophistication of cyber-attacks demands a shift in thinking. For a cyber program to be truly effective, it must involve the CEO, Board Members, and other senior executives in addition to information security and IT professionals. CEOs should

Who is CSBS? Mission 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. Vision The vision of CSBS is to be the recognized leader advancing the quality and effectiveness of regulation and supervision of state banking and financial services. History CSBS was

CSBS/NAIC Model Agreement States that have signed the CSBS/NAIC model agreement or similar agreements with the Insurance Commissioner in their respective states. Alabama Kentucky Mississippi Tennessee Delaware Maine New Jersey Texas Georgia Maryland New Mexico Idaho Massachusetts Oklahoma Illinois Michigan Rhode Island