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Multi-State Mortgage Committee Issues 2012 Annual Report to State Regulators
Three Appointed to FFIEC State Liaison Committee
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Federal Reserve, CSBS To Host Community Banking Research Conference
Federal Reserve’s Foreign Bank Proposal Should Further Contemplate Existing State Supervision
Lawson Appointed to FFIEC State Liaison Committee
CSBS Releases 2012 Annual Report
James M. Cooper Named CSBS Senior Vice President
CSBS Announces 2013-2014 Board & Officers
CSBS and CFPB Sign Supervisory Framework
CSBS Immediate Past Chairman Calls for Balanced Financial Supervision
New CSBS Chairman Outlines Priorities
CSBS Warns Against Costly and Burdensome Accounting Standards
FFIEC Forms Cybersecurity and Critical Infrastructure Working Group
State Regulator Testifies on the Perils of One-Size-Fits-All Supervision
Ten More States to Use Uniform Mortgage Test; 30 States Now Using the Test
Approach to Basel III Respects Industry Diversity
NMLS 2013 State, Federal Mortgage Industry Reports Released
Michael J. Belak Named CSBS Vice President
North Dakota Banking Department Maintains Highest Standards in Bank Supervision
Iowa Division of Banking Receives Bank Re-accreditation
CSBS Supports Appointment of Steve Antonakes as CFPB Deputy Director
Oct. 2-3 Fed/CSBS Community Banking Research Conference To Be Broadcast Live from St. Louis
H. Catherine Woody Promoted to Vice President, Media & Industry Relations
Five More States to Use Uniform Mortgage Test; 35 States Now Using the Test
Federal Reserve and CSBS Release 2013 Community Banking Report
Georgia Department of Banking and Finance Receives Re-accreditation
CSBS Highlights Fed Board’s Evolving Composition, Supervisory Role
Texas Department of Banking Receives Re-Accreditation
CSBS Announces Promotions in its Technology, SRR Divisions
President Should Consider Supervisory Experience When Filling Fed Board
States Look to Coordination and Existing Regulatory Framework to Oversee Virtual Currencies
State Regulators to Discuss 2014 Outlook in On-the-Record Session with Media
Michigan Department of Insurance and Financial Services Office of Banking Receives Re-Accreditation
CSBS White Paper Encourages Federal Policymakers to Right-Size Regulations
Nebraska Department of Banking and Finance Maintains Highest Standards of Bank Supervision
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Media Release

Conference of State Bank Supervisors
        1129 20th Street, NW, 9th Floor, Washington, DC, 20036

 CSBS and CFPB Sign Supervisory Framework  


 Nashville, Tenn.—The Conference of State Bank Supervisors (CSBS) and the Consumer Financial Protection Bureau (CFPB) have signed a supervisory coordination framework at the CSBS State-Federal Supervisory Forum in Nashville.

The framework builds upon the 2011 information-sharing memorandum of understanding (MOU) between the CFPB, CSBS, and various state financial regulatory agencies and regulatory associations. The 2011 MOU, which was the first such agreement the CFPB entered into, established an agreement for coordination and information sharing in supervision and enforcement work. To date, 59 state agencies across the nation have signed the 2011 MOU.

From left to right: Charles A. Vice, Steve Antonakes and John W. Ryan


“After the Dodd-Frank Act created the CFPB as a new federal counterpart in the non-depository arena, the states quickly moved to establish a foundation of state and federal coordination for supervision of providers of  consumer   From left to right: Charles A. Vice, Steve Antonakes and John W. Ryan.  Photo Credit: Randy Janoski

financial products,” said Charles Vice, newly appointed Chairman of CSBS and Commissioner of the Kentucky Department of Financial Institutions.  “This enhanced framework will ensure that state and federal regulators can work together to provide more efficient supervision, reduce burden for the industry, and improve consumer protection.”

While the 2011 MOU established an agreement for coordination among state regulators and the CFPB, the new framework establishes the process for how state and federal regulators will share supervision of non-depository financial services providers and covered depository institutions with more than $10 billion in assets. 

Similar to the 1996 Nationwide State/Federal Supervisory Agreement which established enhanced cooperative supervision between the states and the FDIC and the Federal Reserve, this framework should provide for seamless and pragmatic supervision of those providers regulated jointly by the states and the CFPB.  The framework is intended to implement a flexible, dynamic process to achieve examination efficiencies and to avoid duplication of time and resources.

“CFPB’s jurisdiction spans an array of industries that fall outside of the jurisdiction of CSBS members,” said John W. Ryan, President and CEO of CSBS.  “However, there is a spirit of cooperation among these state regulatory agencies to ensure coordination with the CFPB.  We look forward to facilitating that cooperation among state regulators.”

The CSBS-CFPB framework is available here.

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