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2017 Press Releases
Florida and Arkansas Begin Using Uniform Mortgage Test; 54 State Agencies Now Using the Test
State Regulators Oppose OCC Special Charter For Non-Banks
State Financial Regulators Release BSA/AML Compliance Tool for Industry
CSBS Board Appoints Wyoming’s Albert Forkner as Chairman-Elect
State Regulators Promote “Fintech Friendly” Features of National Registry
College Students Participate in Nationwide Community Bank Competition
Statement on the Illinois Fintech Regulatory Roundtables
CSBS Urges Congress to Weigh in Against OCC Non-Bank Charter
State Regulators Highlight EGRPRA Priorities for Financial Regulatory Relief
Gonzales, Hughes and Jones Re-Appointed to FFIEC State Liaison Committee
State Regulators Announce Changes to Money Services Businesses Reporting
State Regulators Issue Cease-and-Desist Orders to Subsidiaries of Ocwen Financial Corp.
CSBS Files Complaint Against Comptroller of the Currency
Gonzales Elected as State Liaison Committee Chairman
Stork Appointed to FFIEC State Liaison Committee
CSBS Announces Vision 2020 for Fintech and Non-Bank Regulation
CSBS Statement on New York Department of Financial Services Lawsuit Against OCC
CSBS Announces Five Finalist Teams in the 2017 Bank Case Study Competition
CSBS Announces New Leadership
The University of Akron Wins First Place in CSBS Community Bank Competition
Fed Chair Yellen Will Open 2017 Fed/CSBS Community Banking Research Conference;
FFIEC Proposes Additional Revisions to Streamline “Call Report” for Small Institutions
State Regulators Call for an End to One-Size-Fits-All Bank Regulation
State Regulators and U.S. Secret Service Issue Industry Best Practices for Combating Cyber Crime
Louisiana Regulator to Guide Nationwide Licensing and Supervision System for Fintechs and Other Non-Banks
State Regulators Issue Annual Reports on Non-Bank Supervision
CSBS Launches Fintech Advisory Panel to Help Modernize State Regulation
CSBS to OCC: Fintech Charter Lacks Legal Authority
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 3/13/2017 

Media Release

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

 Statement on the Illinois Fintech Regulatory Roundtables  

Bryan A. Schneider
Secretary, Illinois Department of Financial and Professional Regulation

The Illinois Department of Financial and Professional Regulation hosted two fintech roundtables last week co-hosted by the Conference of State Bank Supervisors, FinTEx Chicago and 1871. The following is a statement by Bryan A. Schneider, Secretary of the Illinois Department of Financial and Professional Regulation:

“Fintech is a growing and important part of the Illinois economy.  And I am pleased to have hosted representatives from local and national payments and online lending companies, along with financial regulators from other states, last week to discuss the regulatory challenges and opportunities surrounding fintech.

“During the roundtables we discussed how state financial regulators can work together to develop more uniform money transmission standards and multi-state licensing requirements, as well as a standard measure for state financial requirements, and a more streamlined multi-state application process. As a follow up to these roundtables I believe the state system would be well served by having a fintech advisory group to provide state regulators with advice and feedback on a broad range of important issues impacting fintech firms.

“State regulators are committed to making multi-state regulation as smooth a process as practical, promoting innovation while protecting consumers and taxpayers. Today’s meeting was an important step forward in that process.  

“I truly appreciate the constructive dialogue and look forward to continued partnership with industry and other state regulators as we work to better integrate fintech in our financial system.”

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