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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
Federal and State Banking Agencies Issue Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Irma
State Regulators Launch Redesign for Next Generation Technology Platform; Core Component of CSBS Vision 2020
South Carolina Begins Using Uniform Mortgage Test; 57 State Agencies Now Using the Test
CSBS Develops Tool to Help Financial Institutions Prepare for New Accounting Standards
CSBS Releases Annual Report
Statement by CSBS President and CEO John W. Ryan on The State Regulatory Representation Clarification Act
Federal Reserve and CSBS Release Findings from 2017 National Survey of Community Banks
CSBS Announces Fintech Advisory Panel Members
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 10/3/2017 

Media Release

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

 Statement by CSBS President and CEO John W. Ryan on The State Regulatory Representation Clarification Act  

“The Conference of State Bank Supervisors (CSBS) commends Senator Orrin Hatch (R-UT), Senator Mazie Hirono (D-HI), Representative Frank Lucas (R-OK), and Representative Denny Heck (D-WA) for introducing bipartisan legislation (S. 1910 and H.R. 3915) ensuring the FDIC Board include a state regulator. 

“State bank regulators provide a unique perspective on how banking services affect local communities. State regulators – who charter and supervise 78 percent of all U.S. banks -- are mandated to ensure the safety and soundness of these banks, protect consumers, and support the economic health of their communities.

“It is for these reasons that Congress, over 20 years ago, mandated that the FDIC Board include an individual with experience as a state banking regulator.  Since then, Congress has repeatedly affirmed and expanded the role state regulators play in America’s diverse financial services ecosystem.

“These bills are yet another bipartisan affirmation by Congress that the state perspective is indispensable to creating effective, common-sense bank regulation. We look forward to working with Congress on swift passage.”

Background Information:

  • Congress passed in 1996 legislation requiring that one FDIC Board member “shall have State bank supervisory experience.”
  • Congress’ clear intent when passing this legislation was that at least one FDIC Board member have experience as a state official responsible for bank supervision.
  • Currently, and for the past several years, this legal requirement has not been met.
  • The State Regulatory Representation Clarification Act clarifies the current law, making clear that the FDIC Board must include at least one member who worked in state government as a state bank supervisor.
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