The Federal Financial Institutions Examination Council (FFIEC) today announced the appointment of Raymond J. Dorado to the FFIEC’s State Liaison Committee (SLC). Dorado was designated by the National Association of State Credit Union Supervisors (NASCUS) to complete the remainder of the two-year term left vacant by the early departure of Deputy Superintendent of the Community and Regional Banks Unit Yolanda
Washington, D.C. - The Conference of State Bank Supervisors (CSBS) today named a student team from the Commonwealth University of Pennsylvania as the winner of the 2024 Community Bank Case Study Competition. Teams from the University of Illinois-Springfield and Southeastern Louisiana University placed second and third, respectively. “These teams provided in-depth findings and innovative thinking. The Commonwealth University of Pennsylvania
Up to $82 million in virtual assets to be returned to customers Washington, D.C. — Twenty-five state financial regulators have taken collective action against Plutus Financial, Inc., Abra Trading, LLC, Plutus Financial Holdings, Inc., Plutus Lending, LLC (collectively known as “Abra”), and CEO and largest equity owner William “Bill” Barhydt for operating a cryptocurrency company without receiving the required state
Washington, D.C. - Community banks are slightly more optimistic about future economic conditions, but not enough to move the needle above neutral. The second quarter 2024 CSBS Community Bank Sentiment Index (CBSI), released today, ticked up merely 1 point to 99 compared to last quarter’s survey, remaining slightly below the neutral level of 100. While four of the seven components
By Thomas F. Siems, Ph.D., CSBS Chief Economist The CSBS second quarter 2024 Community Bank Sentiment Index (CBSI) indicates that community bankers are less pessimistic than they have been since the end of 2021, but some concerns persist. The Federal Reserve’s aggressive monetary policy tightening over the past 27 months has significantly raised interest rates, resulting in greater deposit competition
Community banker sentiment remains near-neutral for a second quarter but is still rising; in the second quarter of 2024, the Community Bank Sentiment Index (CBSI) reached its highest level recorded since 2021. CSBS Chief Economist Tom Siems joins us today to explore what is driving a near-neutral sentiment from community bankers, how uncertainty impacts a community bank's outlook, and what
WASHINGTON, D.C. – The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data are used
System updates will improve the user experience and create greater efficiencies Washington, D.C. – The Conference of State Bank Supervisors (CSBS) is set to release the first phase of large-scale enhancements for the Nationwide Multistate Licensing System & Registry (NMLS) on July 20. The system updates will resolve pain points for professionals across the mortgage, consumer finance, debt, and money
Download the Full Comment Letter [PDF] July 15, 2024 Federal Housing Finance Agency Division of Bank Regulation 400 7th Street SW Washington, DC 20219 Re: Federal Home Loan Bank Core Mission Activities and Mission Achievement Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”) 1 and the National Association of State Credit Union Supervisors (“NASCUS”) 2 (collectively, “state
Washington, D.C. – The Federal Housing Finance Agency (FHFA) should not make any changes to the Federal Home Loan Bank System that would undermine the ability of institutions to access essential funding, the Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) said in a joint comment letter today. Federal Home Loan Bank
