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CSBS Policy

State regulators, due to their local knowledge and expertise, have unique perspectives on state and federal policy. CSBS regularly highlights and advocates the perspectives of state regulators to Congress, federal regulators, and the financial services industry.

Depository Issues

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Depository
A current proposal by Congress threatens to upend the supervision of community banks, increasing costs of doing business and harming the dual-banking system.
Nov 6, 2017
Depository

Because of their local knowledge and expertise, federal law mandates that state regulators are represented at the highest levels in federal banking agencies.

Oct 30, 2017

Non Depository Issues

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Non Depository
Everybody uses the money services business (MSB) industry, but few people know the terminology. MSBs are a broad category of financial services we all use in everyday life, just not at the bank.
Jan 11, 2018
Non Depository
The purpose of this paper is to outline the state system of supervision of MSBs in order to make clear the existence, structure and degree of an established regulatory system for MSBs.
Nov 16, 2017

Fintech

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Fintech
All 50 U.S. states and D.C. have an innovation contact to answer questions about supervision and licensing of fintech firms. You can see those contacts here.
May 22, 2018
Fintech
Vision 2020 is a state regulator initiative to modernize the regulation of fintech companies and other non-depositories. The goal: an integrated, 50-state system of licensing and supervision.
Jan 7, 2018

Policy Documents

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Policy Documents
CSBS encourages the CFPB to recognize that state regulators, through their licensing and supervisory authority, serve as the primary regulators of non-depository financial services providers.
May 21, 2018
Policy Documents
State regulators firmly oppose H.R. 4439, the Modernizing Credit Opportunities Act, as it would allow bad actors to exploit banks’ federal preemption to issue harmful loans to consumers in contravention of state law.
May 18, 2018