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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
CSBS Names Kyle Thomas Vice President, Accreditation and Supervisory Processes
State Regulators File Suit Over Unauthorized Use of Licensing Test Information
Statement on Financial Innovation Symposium hosted by Western States Financial Regulators
2018 CSBS Case Study Competition to Focus on Financial Innovation
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 8/8/2017 

Media Release

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

 Statement on Financial Innovation Symposium hosted by Western States Financial Regulators  

Statement from:

  • Jan Lynn Owen, Commissioner, California Department of Business Oversight and Chair, Non-Depository Supervisory Committee, Conference of State Bank Supervisors (CSBS)
  • Albert L. Forkner, Commissioner, Wyoming Division of Banking and Chair, CSBS
  • Bryan A. Schneider, Secretary, Illinois Department of Financial and Professional Regulation and Chair, CSBS Task Force on Emerging Payments and Innovation

Aug. 8, San Francisco – Today, state financial regulators and fintech firms met for a single purpose: to continue charting a path forward in the regulation of non-bank financial services. Only through direct dialogue will concrete ideas emerge that allow state regulators to make the regulatory experience more efficient while protecting the financial system.

“Attending today’s session were commissioners representing nine states (California, Idaho, Illinois, Hawaii, Montana, Oregon, Utah, Washington State, Wyoming). We have a common experience in seeing how financial technology has begun to reshape the banking industry. State regulators need to understand the business innovations taking place, encourage the positive aspects of these changes, and sustain consumer protection.

“Our commitment to modernizing state regulation goes well beyond today’s session. At a national level, state regulators have committed to moving towards an integrated, 50-state licensing and supervisory system. Our efforts are being coordinated through the Conference of State Bank Supervisors and delivered through CSBS Vision 2020. Here, we are leveraging technology ourselves to transform the licensing and examination processes, seeking industry input through a fintech advisory panel, and having working groups of state regulators develop approaches to harmonize multi-state supervision.

“We look forward to continued engagement with fintech leaders.”

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