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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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 6/28/2017 

Media Release

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

 Louisiana Regulator to Guide Nationwide Licensing and Supervision System for Fintechs and Other Non-Banks  

Washington, D.C. – John Ducrest, commissioner of the Louisiana Office of Financial Institutions, has been named the new chairman of the Board of Managers of the State Regulatory Registry. The Registry, a subsidiary of the Conference of State Bank Supervisors (CSBS), manages the business operations of the Nationwide Multistate Licensing System (NMLS). NMLS is the common platform state regulators use to oversee non-banks, such as those in mortgages, money transmission, debt collection and consumer finance.

CSBS Chairman Albert Forkner, who is also commissioner of the Wyoming Division of Banking, made the appointment. He commented: “Commissioner Ducrest will lead our efforts to redesign NMLS, with the goal of transforming the licensing process and enabling the streamlining of multi-state supervision. Redesigning NMLS is a key component of CSBS Vision 2020 for fintech and non-bank regulation.”

Through NMLS, 21,000 companies operate as state-licensed entities, and an additional 10,000 are federally registered. Further, NMLS Consumer Access is a web site that allows consumers to check on companies they work with.

CSBS Vision 2020 is a series of initiatives designed to fulfill a commitment: by 2020, state regulators will adopt an integrated, 50-state licensing and supervisory system, leveraging technology and smart regulatory policy to transform the interaction between industry, regulators and consumers.

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