Policy
CSBS supports state regulators in advancing the system of state financial supervision by ensuring safety, soundness and consumer protection; promoting economic growth; and fostering innovative, responsive supervision. The content in the Policy Section describes the positions of CSBS on legislation, regulations and guidance in advancing these objectives.
Featured
As the administrative record makes clear, the FDIC’s corporate governance proposal is ill-conceived and must be withdrawn. The FDIC’s rule would impose a one-size-fits-all mandate on institutions that would intrude on over a century of state fiduciary laws.
The FDIC’s proposed bank merger policy would create more challenges than benefits for the banking industry, especially for community banks.
The Money Transmission Modernization Act is a single set of nationwide standards and requirements to modernize the supervision and regulation of money transmitters.
All Issues
State and federal bank regulatory agencies continue to evaluate the perceived shortage of state certified and licensed appraisers in certain areas across the country.
State regulators strongly support the Bank Service Company Examination Coordination Act. The bill, first introduced in the 114th Congress, is commonsense, bipartisan legislation that makes state and federal supervision more efficient and more effective.
BSA/AML regulations are designed to help identify the source, volume, and movement of currency and other monetary instruments.
State regulators support the 2022 federal banking agencies’ proposed modernization of the Community Reinvestment Act (CRA) but seek further clarity on some matters.
The Money Transmission Modernization Act is a single set of nationwide standards and requirements to modernize the supervision and regulation of money transmitters.
The CSBS model state regulatory prudential standards for nonbank mortgage servicers establish common financial capacity, governance, and risk management requirements for nonbank mortgage servicers.
This CSBS white paper serves as a stakeholder awareness document covering state supervision of the nonbank marketplace and as a roadmap to assist state supervisors in making informed changes to state supervisory processes.
Collaboration between state and federal regulators is as equally important as state-to-state collaboration.
It is important for the FDIC Board to represent the entire system it oversees, including state-chartered banks. That is why Congress requires that at least one of the three independent Board positions be held by someone with state bank supervisory experience.
Effective financial regulation requires strong relationships among states and between state and federal regulators.