STATEMENT FOR THE RECORD FROM THE CONFERENCE OF STATE BANK SUPERVISORS TO THE TASK FORCE ON FINANCIAL TECHNOLOGY OF THE U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES HEARING ON “LICENSE TO BANK: EXAMINING THE LEGAL FRAMEWORK GOVERNING WHO CAN LEND AND PROCESS PAYMENTS IN THE FINTECH AGE” SEPTEMBER 29, 2020 I. Introduction The Conference of State Bank Supervisors (CSBS) thanks the
By CSBS Products and Solutions Executive Vice President Vickie Peck CSBS recently hosted more than 650 state regulator and industry users at the 16 th NMLS Annual Conference & Training in San Antonio, Texas. You may wonder – another year, another conference at a busy, bustling venue, but what’s new? We shared the key enhancements coming this year to the
Washington, D.C . – CSBS announced a public comment period for proposed uniform state licensing standards for mortgage companies. “Adopting a standardized approach for mortgage industry licensing will help increase uniformity within the state system,” said Vickie Peck, CSBS executive vice president of products and solutions. “In turn, uniform standards
State regulators remain firmly opposed to the Comptroller’s unprecedented, unlawful expansion of its chartering authority to create a national nonbank charter. As we have discussed at length in previous comment letters, the OCC lacks the requisite authority to issue the proposed nonbank charter. Courts have long held and Congress has long since affirmed that a national bank must possess and
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced that John “Buz” Gorman has passed away after an eight-month battle with glioblastoma. Mr. Gorman started his career at CSBS in 1996, serving as General Counsel for the last 15 years. He held pivotal roles in the enactment
All authorities, actions, and activities are applicable in single- or multi-state contexts unless noted. Supervision Access to books and records on demand Access to interview officers, principals, control persons, MLOs, independent contractors, agents, or customers of a licensee Control access or take possession of documents and records Initiate examinations and investigations, whether targeted or broader based Subpoena power to compel
Hello, I would like to start by thanking all of you for attending the first virtual NMLS conference. As Albert Forkner just noted, this year marks the largest attendance for this event and shows the power of technology to connect us. I want you to consider this as I speak
Secretary Bryan A. Schneider, Illinois Department of Financial and Professional Regulation, testifies before the House Subcommittee on Financial Institutions and Consumer Credit
Remarks delivered by Kevin Hagler, CSBS Immediate Past Chair and Georgia Commissioner of Banking and Finance, at the State-Federal Supervisory Forum, May 19, 2021 Last year, when I spoke to you, we were only eight weeks into the Covid pandemic. Now I am speaking to you with 60 weeks of