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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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 6/22/2017 

Media Release

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

 State Regulators Call for an End to One-Size-Fits-All Bank Regulation  

Washington, D.C. – Given the important role community banks perform in the U.S. economy, state regulators today recommended regulatory reforms that are appropriate for smaller, less complex banks that do not pose systemic risk.

At a hearing of the U.S. Senate Committee on Banking, Housing and Urban Affairs, Charles G. Cooper, commissioner of the Texas Banking Department and immediate past chairman of the Conference of State Bank Supervisors, recommended four key changes:

  • Adopting an activities-based definition for community banks, which lawmakers and regulators can use to exempt smaller banks from regulations aimed at larger banks
  • Reducing the complexity of capital rules for smaller banks
  • Exempting from certain regulations community banks that retain mortgages in portfolio
  • Improving the transparency and timeliness of fair lending supervision

Community banks provide about 45 percent of small loans to U.S. businesses and three-fourths of agriculture loans. But “community banks are disproportionately burdened by oversight that is not tailored to their business model or activities,” Cooper said.

Speaking on behalf of state regulators who oversee 78 percent of U.S. banks, Cooper called on Congress to abandon a one-size-fits-all approach to bank regulation and, instead, tailor regulations to different kinds of banks. He concluded: “I have seen many swings of the regulatory pendulum. Extreme swings to either side are wrong. We must all seek ways to ensure a balanced approach.” Cooper’s testimony is available here.

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