Subscribe: State of the System State financial regulation has been a cornerstone of economic stability for more than a century. On “State of the System,” we’re talking to state supervisors, policymakers, and industry leaders who understand that stability and progress go hand in hand. In each episode, we’ll break down what’s happening behind the headlines, why it matters, and how
CSBS tracks and responds to federal regulatory proposals that impact state-chartered financial institutions. The table below includes information about proposed regulations and standards and the corresponding CSBS analysis and comment letters.
Download the Full Comment Letter [PDF] The Honorable Travis Hill Acting Chairman Federal Deposit Insurance Corporation 550 17 th Street NW Washington, DC 20429 The Honorable Michelle W. Bowman Vice Chair for Supervision Board of Governors of the Federal Reserve System 20 th Street and Constitution Avenue NW Washington, DC 20551 The Honorable Jonathan Gould Comptroller of the Currency Office
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.
The CSBS model state regulatory prudential standards for nonbank mortgage servicers establish common financial capacity, governance, and risk management requirements for nonbank mortgage servicers.
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
Interested companies invited to attend kickoff webinar on Dec. 3 Washington, D.C. – The Conference of State Bank Supervisors (CSBS) and the Mortgage Industry Standards Maintenance Organization (MISMO) today opened registration for the Mortgage Compliance Dataset (MCD) Tech Sprint kickoff event. The MCD is designed to streamline supervisory compliance examinations for residential mortgage loans. State supervisors, mortgage lenders, loan origination
Washington, D.C. – State supervisors are encouraging licensees to prepare in advance for the start of Nationwide Multistate Licensing System (NMLS) annual renewal on Nov. 1. Supervisors advise licensees to review and update their NMLS record, review state-specific renewal requirements, and access online training resources to get familiar with the process. “Maintaining a license in NMLS symbolizes a professional standard
“State supervisors commend the CFPB for rescinding its Nonbank Public Orders Registry. Requiring nonbank entities to register and report a wide range of agency and court orders was redundant and exceeded the agency’s authority. States and the CFPB already report a significant share of covered public orders through the Nationwide Multistate Licensing System & Registry (NMLS). This information is available