Fintechs are now integrated into daily life. State regulators are uniquely positioned to best supervise fintech firms in a meaningful and effective manner. Based on feedback from fintech firms, state regulators launched Vision 2020 to improve the supervisory process
Conference of State Bank Supervisors President and CEO Brandon Milhorn Statement on Congressional Progress on Stablecoin Legislation: “State regulators thank Senators Cynthia Lummis and Kirsten Gillibrand for their acknowledgment of the critical role that state bank regulators play in the licensing, regulation, and supervision of money transmission and other nonbank
This report and its recommendations fail to recognize the critical role that state regulators play in protecting consumers and facilitating the safe innovation that consumers have come to expect in financial services.
Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP-1747 Re: Supplemental Notice - Proposed Guidelines for Evaluating Account and Services Requests Dear Ms. Misback, The Conference of State Bank Supervisors (“CSBS” or “state bank regulators”) appreciates the opportunity to comment on the Supplemental Notice of
2024 NMLS Annual Conference & Training by Brandon Milhorn CSBS President and CEO It is a privilege to address this audience of nearly 700 supporters and super users of the Nationwide Multistate Licensing System (NMLS). 1 This is a big audience, but we are a small piece of the larger
Beth Grebeldinger U.S. Department of Education, Federal Student Aid 830 First Street NE Room 113F4 Washington, DC 20202. Re: Federal Preemption and Joint Federal-State Regulation and Oversight of the Department of Education's Federal Student Loan Programs and Federal Student Loan Servicers (Docket ID ED-2021-OS-0107) Dear Ms. Grebeldinger, The Conference of State Bank Supervisors (CSBS) 1 and the North American Collection
San Francisco – The Conference of State Bank Supervisors (CSBS) today announced the nationwide roll out of the State Examination System (SES), the first nationwide platform to bring state regulators and companies into the same technology space for supervision, fostering greater transparency and collaboration. Through SES, state regulators will be
Homebuying can be an exciting but intimidating process. State and federal regulators provide several resources to help you learn about the homebuying process and make more informed decisions in your journey to homeownership.
By CSBS Data Scientist Carlos Cordova, Senior Policy Analyst Joey Samowitz, and Senior Economist and Director of Research Thomas F. Siems, Ph.D. Community banks have been at the forefront in providing needed funds to small businesses across the country as the 2020 COVID-19 pandemic and subsequent lockdowns have severely restricted U.S. economic activity. Our analysis of the Paycheck Protection Program