Washington, DC – Twenty-three states have committed to a multistate agreement that standardizes key elements of the licensing process for money transmitters and other money services businesses (MSB). The original agreement included seven states in February 2018. The agreement: One state regulatory department reviews common licensing requirements – business plan
State Regulators have cooperative agreements with one another, with federal agencies, and with other state representative agencies. You can find all of these agreements here.
Nationwide Cooperative Agreement States That Signed the Nationwide Cooperative Agreement for Supervision and Examination of Multi-State Trust Institutions Alabama Indiana Montana Rhode Island Alaska Iowa Nebraska South Carolina Arizona Kansas Nevada South Dakota Arkansas Kentucky New Hampshire Tennessee Colorado Louisiana New Jersey Texas Connecticut Maine New York Utah Delaware Maryland North Carolina Vermont District of Columbia Massachusetts Ohio Virginia Georgia
State financial services regulators from 53 jurisdictions, with assistance from the Conference of State Bank Supervisors (CSBS) and American Association of Residential Mortgage Regulators, closed a multiyear investigation of Nationstar Mortgage LLC, d/b/a Mr. Cooper, one of the largest mortgage servicers in the nation. This joint effort also involved 51 state attorneys general and the federal Consumer Financial Protection Bureau
CSBS, on behalf of state regulators, owns and operates the Nationwide Multistate Licensing System & Registry (NMLS), an online licensing, registration, and supervisory platform that brings regulatory efficiency and accountability to the mortgage industry and other nonbank financial services providers. Its supervisory component, the State Examination System (SES), harmonizes and automates processes, streamlining the exam process for financial institutions. NMLS
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) yesterday entered into a formal agreement designed to facilitate information sharing with respect to nonbank mortgage companies. The memorandum of understanding establishes substantive information sharing protocols between state financial regulators and FHFA, improving
May 4th, 2020 Office of the Comptroller of the Currency Chief Counsel’s Office 400 7th Street, SW, Suite 3E-218 Washington, DC 20219 Docket ID OCC-2019-0024 Re: Licensing Amendments. The Conference of State Bank Supervisors (CSBS) 1 writes to express its disappointment that the Office of the Comptroller of the Currency (OCC) has—in the midst of a global pandemic which has
CSBS Senior Vice President Tim Doyle sits down with me to explain what exactly makes a license a license. We discuss the difference between a license and charter, why licenses exist, what a license does and does not mean for a consumer, how licensing has changed and how NMLS helps
Today's Guest Rich Madison, Vice President, Credentialing and Accreditation Programs In today's episode, we discuss: What a mortgage broker's license is What it means for your mortgage broker to be licensed Where you can search for a licensed or registered mortgage broker Who to contact if you have concerns