Renewal Season Starts November 1 Washington, D.C. – State regulators encourage individuals and businesses in the mortgage, money transmission, debt collection and consumer financial services industry to get ready for the Nov. 1 start of Nationwide Multistate Licensing System (NMLS) annual license renewal by taking steps to prepare in advance
Renewal Season Starts Nov. 1 Washington, D.C. – State regulators encourage individuals and businesses in the mortgage, money transmission, debt collection and consumer financial services industry to start preparing now for the Nov. 1 start of Nationwide Multistate Licensing System (NMLS) annual license renewal. Mortgage loan originators (MLOs) and mortgage
Director of the Washington State Department of Financial Institutions and CSBS Non-depository Supervisory Committee Charlie Clark testified on fintech regulation before the House Task Force on Financial Technology.
CSBS released a survey of consumer lending laws and regulations of all 50 states and Washington, D.C., today alongside a new policy paper that examines the nonbank consumer finance marketplace.
Washington, D.C. – Forty-four state financial agencies, led by the California Department of Financial Protection and Innovation (DFPI), have reached settlements with more than 400 mortgage loan originators nationwide who deceptively claimed to have completed annual continuing education as required under state and federal law. Danny Yen, owner of Carlsbad
State regulators believe that a robust market for consumer lending depends upon viable market alternatives. Thus, it is critically important that banks, and especially community banks, be able to serve as a source of small-dollar credit in the communities they serve.
A CURRENT REVIEW OF APPRAISER SHORTAGES IN RURAL COMMUNITIES & APPRAISAL STANDARDS State and federal bank regulatory agencies continue to evaluate the perceived shortage of state certified and licensed appraisers in certain areas across the country. Various industry stakeholders consistently note that appraiser shortages impact the timeliness of appraisals – extending rate locks, impeding credit availability and delaying closings for
Washington, D.C. – The Conference of State Bank Supervisors today announced registration for the 2024 NMLS Annual Conference & Training is open and can be completed on the conference website. The NMLS Annual Conference will be held in San Antonio, Texas, Feb. 13 – 16, 2024 at the San Antonio
Sigue Corp. Failed to Satisfy Outstanding Money Transmission Liabilities, Violating State Law Washington, D.C. — Today, financial regulatory agencies from 39 states, Puerto Rico, and the District of Columbia ordered Sigue Corp. to cease engaging in any further money transmission activities as the company can no longer responsibly serve customers