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Examiner

The Examiner

"Elementary, my dear Watson"
– Sir Arthur Conan Doyle, author of the Sherlock Holmes novels, was born on this day in 1859

CSBS President and CEO John Ryan Statement: Community Reinvestment Act

Conference of State Bank Supervisors President and CEO John W. Ryan today expressed disappointment regarding the Office of the Comptroller of the Currency’s (OCC) decision to move forward with Community Reinvestment Act (CRA) reform unilaterally without the Federal Reserve and FDIC.

“Uniform federal CRA rules are an integral aspect of our nation’s dual banking system. This is why fundamental reform to CRA should be agreed upon by all three federal banking agencies and should not be undertaken unilaterally. While the CRA modernization is a worthy endeavor, these reforms should still create a single standard, as it has for 43 years. Having different rules from the OCC will lead to vastly different standards for state and national banks.”

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Georgia’s Hagler Elected CSBS Chairman

The Conference of State Bank Supervisors (CSBS) this week announced the election of Georgia Department of Banking and Finance Commissioner Kevin B. Hagler as the new chairman of the CSBS Board of Directors. CSBS also elected new officers for 2020-21 and announced new committee chair appointments during the organization’s annual membership meeting, held virtually due to the Covid-19 pandemic. 

Newly installed officers, who comprise the CSBS Executive Committee, include:

  • Chair: Kevin B. Hagler, commissioner, Georgia Department of Banking and Finance
  • Chair-Elect: Melanie Hall, commissioner, Montana Division of Banking and Financial Institutions 
  • Vice Chair: Tom Fite, director, Indiana Department of Financial Institutions 
  • Treasurer: Lise Kruse, commissioner, North Dakota Department of Financial Institutions
  • Secretary: Charlie Clark, director, Washington State Department of Financial Institutions 
  • Immediate Past Chair: Bret Afdahl, director, South Dakota Division of Banking


At-Large Board members are:

  • Linda Lacewell, superintendent, New York State Department of Financial Services
  • Charles G. Cooper, commissioner, Texas Department of Banking


Committee and Board chairs of the CSBS Board of Directors include:

  • CSBS Education Foundation Board of Trustees Chair: Charles Vice, commissioner, Kentucky Department of Financial Institutions 
  • SRR Board of Managers Chair: John P. Ducrest, commissioner, Louisiana Office of Financial Institutions 
  • Legislative Committee: Iris Ikeda, commissioner, Hawaii Division of Financial Institutions
  • Regulatory Committee: Karen Lawson, director of banking, Michigan Department of Insurance and Financial Services
  • State Supervisory Processes Committee: Chris Dietz, deputy director, Indiana Department of Financial Institutions
  • Non-Depository Supervisory Committee: Deborah Hagan, secretary, Illinois Department of Financial and Professional Regulation
  • Co-Chair, Bankers Advisory Board: Ray Grace, North Carolina commissioner of Banks
  • Co-Chair, Bankers Advisory Board Industry Co-Chair: Andy Anderson, Bank of Anguilla, Miss.*
  • Chair, District I: Tony Salazar
  • Chair, District II: Kevin Allard
  • Chair, District III: Rhoshunda Kelly
  • Chair, District IV: Mark Quandahl
  • Chair, District V: Roberta Hollinshead


Chairs Emeritus, who serve as ex-officio members of the CSBS Board, include:

  • Albert Forkner, commissioner, Wyoming Division of Banking *
  • Charles G. Cooper, commissioner, Texas Department of Banking *
  • Candace Franks, commissioner, Arkansas State Bank Department *
  • Charles Vice, commissioner, Kentucky Department of Financial Institutions *
  • Greg Gonzales, commissioner, Tennessee Department of Financial Institutions *
  • John P. Ducrest, commissioner, Louisiana Office of Financial Institutions *
  • Jeffrey Vogel, director, Wyoming Department of Audit *
  • E. Joseph Face, Jr., commissioner, Virginia Bureau of Financial Institutions *
  • Mick Thompson, commissioner, Oklahoma State Banking Department *
  • G. Edward Leary, commissioner, Utah Department of Financial Institutions *

* Denotes non-voting member

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Simply Stated #23: SFSF 2020 - Supervising in a World of Accelerated Change

Host: Matt Longacre
Guests:
Bret Afdahl, CSBS Chair and Director of the South Dakota Division of Banking
Kevin Hagler, CSBS Chair Elect and Commissioner of the Georgia Department of Banking & Finance

Over the course of the COVID-19 Pandemic, we’ve covered the most recent news, analyzed the perspective of community bankers, and interviewed a small business owner working to keep things afloat during the pandemic.

In each of these discussions, we focused on the impact of change. Change from a public health crisis, yes, but also change in how we adopt technology, change in how we work, and change in what it means to work together.

So on this episode, I’d like to focus on another group undergoing a tremendous amount of change, both because of COVID-19 and in spite of it: financial regulators. Next week, state and federal regulators will meet as they do every year, albeit digitally, at the State-Federal Supervisory Forum. The forum provides an opportunity for regulators to connect, learn, and find new ways to collaborate with one another. 

And every year, just before this conference begins, state regulators elect a new Board of Directors to run CSBS. To commemorate this changing of the guard, I interview the two people who have been shepherding CSBS through this tumultuous time: the Chair of CSBS for the past year, and the Chair Elect for the year to come. We talk about what has changed in their state agencies, what’s changed nationally for regulators, and we try to chart the beginning contours of a new path moving forward. We talk about tackling an economic crisis and what it takes to get it done.

So stick with us. I’m Matt Longacre, and this is Simply Stated.

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CSBS 2020 Community Bank Case Study Competition Begins

Student teams nationwide examine BSA-AML impact on community banks 

A total of 37 teams from 33 colleges and universities in 18 states have made submissions for the CSBS 2020 Community Bank Case Study Competition. This year’s competition looks at the impact of the Bank Secrecy Act and Anti-Money Laundering (BSA- AML) requirements on community banks. Student teams partner with a local bank to examine compliance challenges, associated time and costs and identify potential regulatory reforms. 

This is the sixth year of the competition, which is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry.

“The work these students provide in this competition is very beneficial to public policy and the national conversation about the impact of BSA-AML on community banks,” said CSBS Senior Executive Vice President Michael L. Stevens. “We are particularly impressed by the perseverance and dedication of these students to compete during a pandemic.”

The student teams undergo three rounds of judging over the next four weeks. The top three teams will be announced on June 18. 

Each student member and faculty advisor of the first-place winning team will receive a $1,000 scholarship and be invited to present at the CSBS-Federal Reserve-FDIC Community Banking in the 21st Century Research and Policy Conference. Their work will be published in the annual CSBS Journal of Community Bank Case Studies. Teams that place second and third will also receive scholarships and have their works published in the journal. 

Student teams participating in the 2020 Community Bank Case Study Competition attend the following universities:

  • Arkansas State University (three teams)
  • Concordia College
  • DePaul University
  • DeSales University
  • Grove City College
  • Hawaii Pacific University
  • Iowa State University
  • James Madison University
  • Kutztown University of Pennsylvania
  • Mansfield University of Pennsylvania 
  • Marquette University
  • Merrimack College
  • Mississippi State University
  • Montana State University
  • Muhlenberg College
  • Nicholls State University (two teams)
  • Our Lady of the Lake University
  • Penn State University
  • Purdue University
  • Rosemont College (two teams)
  • Southeastern Louisiana University
  • Texas Tech University
  • The Ohio State University
  • Trine University
  • Truman State University
  • University of Arkansas
  • University of Mississippi
  • University of Missouri-Kansas City
  • University of Pittsburgh at Johnstown
  • University of Tennessee at Martin
  • University of Utah
  • Ursinus College
  • York College of Pennsylvania 

Learn more at www.csbs.org/bankcasestudy.

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COVID-19 Financial System Update - May 19

The current economic situation is unprecedented. How do you put it into perspective? We compare unemployment and jobless claims to crises past and try to get a handle on just how severe of a downturn we are having. 

People are reporting struggles with their mortgage servicers and getting forbearance or other mortgage payment relief. CSBS and the Consumer Financial Protection Bureau released a consumer relief guide to explain your rights when asking for forbearance and what to expect when you call your servicer. 

There’s still more than $100 billion left in Paycheck Protection Program money for small businesses. But what is it like on the ground for business owners applying? We highlight one firm’s experience getting a loan. 

And last but not least, the U.S. House of Representatives passed a $3 trillion package. The bill seems to be a starting point for negotiations with the Senate, but what all is in it?  

We cover all this and more on the latest COVID-19 Financial System Update.

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