Financial Crimes Enforcement Network (“FinCEN”) Policy Division P.O. Box 39 Vienna, VA 22183 FINCEN-2021-0005 RIN 1506-AB49 Re: Advance Notice of Proposed Rulemaking - Beneficial Ownership Information Reporting Requirements Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”) 1 appreciates the opportunity to comment on the Advance Notice of Proposed Rulemaking (“ANPR” or “Notice”) issued by the Financial Crimes
Purpose Five federal financial institution regulatory agencies, 1 in conjunction with the state bank and state credit union regulators, (collectively, agencies) are jointly issuing this statement to emphasize the expectation that supervised institutions with LIBOR exposure continue to progress toward an orderly transition away from LIBOR. Additionally, this statement includes
Download the Full Letter [PDF] Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219 Chief Counsel's Office Attention: Comment Processing Docket ID OCC-2023-0011 Board of Governors of the Federal Reserve System 20th Street and Constitution Ave NW Washington, DC 20551 Ann E. Misback, Secretary Docket No. R-1815 RIN 7100-AG66 Federal Deposit Insurance Corporation
Download the Comment Letter [PDF] James P. Sheesley, Assistant Executive Secretary Attention: Comments/Legal OES Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429 RIN 3064-AF94 Re: Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”)
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
Misconceptions Misconception: Regulation of nonbank mortgage companies is lax or non-existent. As the primary regulator of nonbanks, states have broad licensing, examination, investigation, and enforcement authorities. Prudential standards, including financial capacity (i.e., net worth/capital and liquidity), governance, and risk management requirements, are also a matter of state law enforced by
CSBS advises the Antitrust Division of the DOJ how best to revise its 1995 Bank Merger Competitive Review Guidelines to promote healthy market competition and industry innovation.
CSBS sent the following letter – highlighting recent CARES Act guidance issued by the states and state efforts to enhance prudential standards for nonbank mortgage servicers – to members of the House and Senate Banking Committees.
In this seven-part blog series, we explore how community banks are adapting to a changing digital landscape by analyzing banking and technology questions from the 2021 CSBS National Survey of Community Banks.
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.