Policy Documents

State bank regulators view the development of FedNow as the Federal Reserve again laying the necessary foundation to ensure that payment capabilities adapt to innovation and technological advancement.

The proposed national rate cap methodology should not allow the largest institutions to exercise undue influence on the national rate. The local rate cap calculation and process should factor in rates offered by internet-only banks.

The proposed rule states that currently, validation notices, combined with the limited disclosure of consumers’ rights with respect to debt collection, may limit a consumer’s ability to fully exercise their dispute rights.

The Honorable Mitch McConnell Majority Leader United States Senate Washington, DC 20510   The Honorable Charles Schumer Minority Leader United States Senate Washington, DC 20510

State regulators believe this framework has been effective in protecting consumers. The proposed amendments to the Safeguards Rule would bolster the consumer protections ensured by the rule and would not prevent states from imposing stricter…

Lise Kruse testifies for before the Appraisal Subcommittee regarding a temporary waiver for appraisers in North Dakota

In this letter, CSBS raises concerns regarding the impetus for and permissibility of these contemplated proposals and reiterates concerns regarding the validity of the OCC’s multistate fiduciary operations rules.

Director of the Washington State Department of Financial Institutions and CSBS Non-depository Supervisory Committee Charlie Clark testified on fintech regulation before the House Task Force on Financial Technology.