Washington, D.C. – The Conference of State Bank Supervisors (CSBS) Board of Directors today released model state regulatory prudential standards for nonbank mortgage servicers. “The standards provide states with uniform financial condition and corporate governance requirements for nonbank mortgage servicer regulation while preserving local accountability to consumers,” said CSBS President
CSBS President and CEO Jim Cooper Statement on Senate Confirmation of Michael Barr as Federal Reserve Board of Governors Vice Chair for Supervision “State regulators congratulate Michael Barr on his confirmation as the Vice Chair for Supervision. He serves an important role that requires close coordination with state regulators and
CSBS President and CEO James M. Cooper Statement on FDIC Board Chair Nomination Washington, D.C. – “Today’s announcement from the White House means that none of the nominees to the FDIC Board will meet the requirement for state bank supervisory experience. This requirement is not only the law but also
Statement from CSBS President and CEO John W. Ryan on Rohit Chopra Confirmation as CFPB Director: “State financial regulators look forward to continued partnership with the CFPB under the leadership of Director Chopra. Our work with the CFPB is a model for state-federal regulatory partnership and has served to protect
Washington, D.C. – The Conference of State Bank Supervisors today withdrew its complaint from the U.S. District Court for the District of Columbia challenging the Office of the Comptroller of the Currency’s (OCC) nonbank charter program and Figure Technologies’ application for an OCC nonbank charter. CSBS took this voluntary action
Washington, D.C. – Statement from CSBS President and CEO John W. Ryan on the Report on Stablecoins by the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency: “We look forward to examining the PWG’s stablecoin report more fully
CSBS President and CEO Jim Cooper Statement on New FDIC Board Appointees: “On behalf of state bank regulators, I congratulate Martin Gruenberg, Travis Hill and Jonathan McKernan on their appointment to the FDIC Board. Now that the board is complete, I invite all five members to meet with state regulators
The proposed rule states that currently, validation notices, combined with the limited disclosure of consumers’ rights with respect to debt collection, may limit a consumer’s ability to fully exercise their dispute rights.