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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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 6/29/2017 

Media Release

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

 State Regulators Issue Annual Reports on Non-Bank Supervision  

Washington, D.C. – State regulators issued today three annual reports highlighting the state of non-bank supervision in the U.S. The reports were developed collaboratively by state agencies participating on the State Coordinating Committee, the Multi-State Mortgage Committee, and the Multi-State MSB Examination Taskforce, which are each charged with coordinating the supervision of multi-state, non-depository financial services providers. The reports provide significant insight into the non-bank financial market, as well as advancements among state regulators to effectively oversee multi-state non-depository industries in 2016.

The Multi-State MSB Examination Taskforce (MMET) is the coordinating body responsible for multi-state MSB supervision. Highlights from the MMET 2016 Annual Report include:

  • A total of 56 multi-state MSB examinations conducted.
  • Examinations of 98 percent of money transmitters operating in 40 or more states, by at least one state. 
  • Examinations of 78 percent of money transmitters operating in 20 or more states, by at least one state.

The MMET 2016 Annual Report is available here

The State Coordinating Committee (SCC) is the multi-state regulatory oversight group responsible for the coordination of multi-state non-bank financial services exams with the Consumer Financial Protection Bureau (CFPB). Highlights from the SCC 2016 Annual Report include:

  • The facilitation of multi-state examinations with the CFPB that included mortgage origination and servicing, debt collection, payday lending entities, money services businesses, and - for the first time ever - auto lending.
  • The development and deployment of updated examination tools that allow state regulators to better share information, streamline coordinated supervision, and reduce regulatory redundancies.

The SCC 2016 Annual Report is available here

The Multi-State Mortgage Committee (MMC) is the main multi-state coordinating body for the state system of mortgage supervision. Highlights from the MCC 2016 Annual Report include:

  • A continued increase in focus on non-bank mortgage servicing examinations.
  • The implementation of a guide for regulators to better coordinate mortgage servicer supervisory actions.
  • The widespread deployment of an examiner tool that will guide state regulators’ risk-based approach to mortgage supervision.  

The MMC 2016 Annual Report is available here

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