Washington, D.C. – The Conference of State Bank Supervisors (CSBS) has named Karen K. Lawson as executive vice president for policy and supervision. In her new role, Lawson is a member of the CSBS executive leadership team and oversees the policy and supervision business unit. She will lead and coordinate CSBS’s legislative, regulatory and bank/nonbank supervisory processes and be responsible
“Benefits of Dual Banking System Supervision in Uncharted Waters” Conference of State Bank Supervisors President and CEO Brandon Milhorn Keynote Remarks Federal Reserve Bank of Atlanta Banking Outlook Conference Feb. 27, 2025 Introduction Thank you for that kind introduction. I would like to thank President Raphael Bostic and the Atlanta Fed for the invitation to participate in this important and
CSBS President and CEO Jim Cooper Statement on Senate Confirmation of Michael Barr as Federal Reserve Board of Governors Vice Chair for Supervision “State regulators congratulate Michael Barr on his confirmation as the Vice Chair for Supervision. He serves an important role that requires close coordination with state regulators and the banking industry. It is also crucial to have a
Statement from CSBS President and CEO Brandon Milhorn: “CSBS applauds the nomination of Governor Michelle Bowman to serve as the Vice Chairman for Supervision of the Federal Reserve Board of Governors. Governor Bowman has a wealth of supervisory and regulatory experience, from her roots in community banking to her focus at the Federal Reserve on appropriately tailored regulation for all
Governor Michelle W. Bowman At the Community Banking in the 21st Century Research and Policy Conference, St. Louis, Missouri (virtual conference) Good afternoon. I'm pleased to be able to join you again virtually for this year's Community Banking in the 21st Century research and policy conference. Although I think we would all prefer to be together in person, in the
Recent statements about money transmission in the United States have perpetuated myths about consumer protections and the safety and soundness of this vibrant, secure, and trusted part of our country’s payments ecosystem. It is time that we dispel some of these myths by explaining the realities of the state-developed, nationwide framework for regulation, licensing, and supervision of money transmission. While
Washington, D.C. - Statement from CSBS President and CEO Brandon Milhorn on the U.S. Senate’s confirmation of Federal Reserve Board Governor Michelle Bowman as Vice Chair for Supervision: “CSBS congratulates Governor Bowman on her confirmation as the Federal Reserve Vice Chair for Supervision. She brings an invaluable perspective to the role, having previously served as a state bank supervisor and
"By nominating an individual to the FDIC Board who lacks state bank supervisory experience, the White House, once again, has ignored the requirements of the Federal Deposit Insurance Act. Congress insisted on state supervisory experience on the FDIC Board for a reason: states are the chartering authority and primary regulator for 79% of all U.S. banks. State supervisors understand the
CSBS announces the launch of MSB Networked Supervision, a state-led initiative which dramatically streamlines the licensing requirements for nationwide money transmitters.