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The Emerging Payments and Innovation Task Force

The CSBS Emerging Payments and Innovation Task Force studies changes in payment systems to determine the potential impact on consumer protection, state law, and banks and non-bank entities chartered or licensed by the states.

The Task Force takes a comprehensive approach to studying the changing payment systems, including virtual currencies and other innovations.

The Task Force engages with a broad range of stakeholders – including fellow state regulators, federal regulators, industry participants, and other experts – to understand how new entrants and technologies affect the stability of payment systems and the broader financial marketplace and to develop ideas for connecting the emerging payments landscape to the financial regulatory fabric.

Materials Produced by the Task Force:

Members of the Task Force:

  • Chairman: Bryan Schneider, Secretary of Illinois Department of Financial & Professional Regulation.
  • Kevin Hagler, Commissioner of the Georgia Department of Banking and Finance.
  • Jan Lynn Owen, Commissioner of California Department of Business Oversight.
  • Drew J. Breakspear, Commissioner of Florida Office of Financial Regulation.
  • Greg Gonzales, Commissioner of Tennessee Department of Financial Institutions.
  • Charles G. Cooper, Commissioner of Texas Department of Banking.
  • G. Edward Leary, Commissioner of Utah Department of Financial Institutions.
  • Maria Vullo, Superintendent, New York State Department of Financial Services.

Recent Posts

Policy
Vision 2020 is a state regulator initiative to modernize the regulation of fintech companies and other non-depositories. The goal: an integrated, 50-state system of licensing and supervision.
Jun 7, 2018
Policy
All 50 U.S. states and D.C. have an innovation contact to answer questions about supervision and licensing of fintech firms. You can see those contacts here.
May 22, 2018
Policy
The CSBS Fintech Industry Advisory Panel (“Advisory Panel”) is designed to support state regulators’ increased efforts to engage with financial services companies involved in fintech.
Oct 30, 2017
Policy
CSBS opposes moves by the OCC to create a national bank charter for financial technology companies and other non-banks.
Jun 1, 2017