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2016 Press Releases
Idaho Department of Finance Earns Banking Supervision Re-accreditation
California and Missouri Begin Using Uniform Mortgage Test; 50 State Agencies Now Using the Test
North Dakota Department of Financial Institutions Receives Certificate of Mortgage Accreditation
CSBS Names Jim Kurtzke Vice President of Communications
CSBS Announces 2016 Community Bank Case Study Competition Participants
SRR Releases 2015 Annual Report
Colorado Begins Using Uniform Mortgage Test; 51 State Agencies Now Using the Test
Gonzales Appointed to FFIEC State Liaison Committee
Scott Corscadden Named New NMLS Ombudsman
FFIEC Seeks Comments on Proposed Revisions
Financial Regulators Release New Appendix for Retail Payment Systems Booklet
Face Appointed to FFIEC State Liaison Committee
Lawson Elected as State Liaison Committee Chairman
Multi-State Non-Bank Supervision Groups Release Annual Reports
CSBS Releases 2015 Annual Report
12 Student Teams Named Finalists in 2016 Community Bank Case Study Competition
CSBS and MTRA Issue White Paper on State Supervision of MSBs
CSBS Announces New Leadership
Texas Department of Savings and Mortgage Lending Receives Mortgage Reaccreditation
CSBS Announces Winners of the 2016 Community Bank Case Study Competition
CSBS Chairman Challenges State and Federal Regulators to Work Together
Illinois Begins Using Uniform Mortgage Test; 52 State Agencies Now Using the Test
West Virginia Department of Financial Institutions Receives Banking Reaccreditation
FFIEC Issues Statement on Safeguarding the Cybersecurity of Interbank Messaging and Payment Networks
Statement on the Financial CHOICE Act
Statement on Introduction of the Bank Service Company Examination Coordination Act
New Call Report to Streamline Supervision of Money Services Businesses
Fed/CSBS 2016 Community Banking Research Conference to Be Held Sept. 28-29
FFIEC Invites Public Comment on Streamlined "Call Report" for Smaller Institutions
Fed/CSBS Announce Papers Selected for the 2016 Community Banking Research Conference
Financial Regulators Release Revised Information Security Booklet
White Paper Discusses Opportunities for Community Banks to Collaborate
NMLS Launches New Capabilities to Streamline State Licensing Processes
North Carolina Commissioner Ray Grace Appointed
CSBS Releases Second Quarter NMLS
Federal Financial Institutions Examination Council Announces Availability of 2015 Data on Mortgage Lending
Federal Reserve and CSBS Release Findings from 2016 National Survey of Community Banks
Washington Department of Financial Institutions Earns Bank, Mortgage Accreditation
CSBS-Federal Reserve Research Conference Describes the Value and Business Prospects of Community Banks
FFIEC Announces Webinars in Observance of Cybersecurity Awareness Month
Maryland Office of the Commissioner of Financial Regulation Receives Accreditation of Mortgage Supervision Program
CSBS Names Tom Bayer Executive Vice President and Chief Information Officer
FFIEC Issues Frequently Asked Questions Guide on the Cybersecurity Assessment Tool
Third Annual “Your License is Your Business Campaign” Launches Today
CSBS Releases Map of State Requirements for Opening Bank Accounts for Minors
FFIEC Issues Uniform Interagency Consumer Compliance Rating System
State Regulators Oppose OCC Fintech Charter
State Regulatory Group Announces New Cyber Certification Program for Bank Examiners
Statement by the Conference of State Bank Supervisors on Comptroller’s Announcement of New Federal Charters
2017 NMLS Renewal Campaign “Your License is Your Business” Off to Strong Start
FFIEC Streamlines “Call Report” for Small Institutions
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Media Release

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

 SRR Releases 2015 Annual Report  

Washington, D.C. – The State Regulatory Registry LLC (SRR) has released its 2015 annual report.  The report provides an overview of SRR’s activities to operate, enhance, and expand the Nationwide Multistate Licensing System and Registry (NMLS, or the System).  The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) codified NMLS into law as the national platform for mortgage supervision.

“Since the launch of NMLS in 2008, SRR has continually worked to enhance functionality and create an easier, more intuitive system,” said Robert J. Entringer, Chairman of SRR and Commissioner of the North Dakota Department of Financial Institutions.  “In 2015, SRR focused on enhancing and expanding the use of the System, including several long-term enhancements that will increase the System’s licensing and supervision functions, enhance learning and testing functionality, and increase security.”

Through NMLS, SRR supports state regulators in their supervision of the non-depository financial services industries by providing technology resources and information on a nationwide basis.

 2015 Highlights:

·    The National Test with Uniform State Content was adopted by an additional four state agencies during 2015, bringing the total number of adopting agencies to 50. Mortgage Loan Originators (MLOs) seeking licensure in those jurisdictions are no longer required to take a second, state-specific test.

·    As of year-end 2015, 39 state agencies were managing 179 license types in the money services business, debt, and consumer finance industries. Also by year-end, 26 states were using the Uniform Authorized Agent Reporting functionality to manage and report all money transmitter agents.

·    NMLS configured and implemented the first Learning Management System (LMS), which is used to store, deliver, and track the history of training sessions for individual users. The LMS has approximately 5,700 users; manages 280 live, recorded, and eLearning courses; and includes on-demand learning opportunities such as new user training for all NMLS audiences and other specialized content recordings.

·    Approximately 80,000 MLO test components were administered in 2015. SRR also supervised 112 approved course providers who delivered over 2 million hours of education through over 1,600 NMLS-approved courses.

·    The seventh NMLS Conference and Training was held in San Diego, California and had more than 540 people in attendance, including regulators from 54 state agencies. The agenda included sessions relevant to all users on NMLS, as well as special sessions relevant to mortgage, money services businesses, debt, and consumer finance industries.

·    NMLS instituted numerous usability and security enhancements to the System through scheduled releases throughout the year. Additionally, planning process were initiated to begin the Modernization of NMLS (NMLS 2.0), as well as to provide an Examination Management Tool Suite.

·    SRR entered into a memorandum of understanding with the Financial Crimes Enforcement Network (FinCEN) on June 1, 2015, governing the sharing of information in NMLS with FinCEN. FinCEN agreed to protect against the unauthorized access, use, or distribution of information accessed by FinCEN and to notify SRR immediately if any such unauthorized activity occurs.

The 2015 Annual Report is available here.

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