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
Fintech, short for “Financial Technology,” refers to companies and products using technology to make financial services more efficient. Many Fintech companies perform traditional business activities, such as mortgage lending or money transmission. However, some Fintech companies are startups that present themselves as a new business model. Many new and existing businesses consider themselves part of the Fintech ecosystem. Online lenders
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
CSBS today announced student teams from the following four universities have advanced to the final round of the 2023 CSBS Data Analytics Competition: Carnegie Mellon University Georgetown University Kennesaw State University William & Mary In the third year of the CSBS Data Analytics Competition, student teams developed data analytics models
Good afternoon, I very much appreciate the opportunity to speak at this 10 th Community Banking Research Conference. The FDIC is pleased to co-sponsor this event with the Federal Reserve System and the Conference of State Bank Supervisors. I would like to thank the Federal Reserve Bank of St. Louis
JOHN W. RYAN PRESIDENT AND CEO, CONFERENCE OF STATE BANK SUPERVISORS TENTH ANNUAL COMMUNITY BANKERS SYMPOSIUM CHICAGO, ILLINOIS INTRODUCTION Thank you to the Federal Reserve, the FDIC, and the OCC for organizing and hosting this important symposium. It is a real honor to be asked to speak with you again
Washington, D.C. - The Conference of State Bank Supervisors (CSBS) has opened the 2023 Data Analytics Competition for applications. Students are asked to develop a data analytics model that demonstrates the potential impact on banks, such as earnings, deposits and asset quality, from the rapidly rising interest-rate environment and how
Community banks play a critical role in providing credit and banking services to all corners of the U.S., especially small towns and rural areas where community banks are likely to be the only banking options. In fact, community banks enhance the chances for survival of start-up companies, and by extension, the higher rates of employment growth and job creation that
The Conference of State Bank Supervisors (“CSBS” or “state regulators”) is the nationwide organization of state regulators from all 50 states, American Samoa, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. CSBS supports the state banking agencies by serving as a forum for policy and supervisory process development, and facilitates state implementation of policy through training