Conference of State Bank Supervisors President and CEO Brandon Milhorn Statement on Congressional Progress on Stablecoin Legislation: “State regulators thank Senators Cynthia Lummis and Kirsten Gillibrand for their acknowledgment of the critical role that state bank regulators play in the licensing, regulation, and supervision of money transmission and other nonbank activities. We look forward to working with Congress to ensure
Washington, D.C. – Statement by Conference of State Bank Supervisors (CSBS) President and CEO Brandon Milhorn on the CFPB’s announcement regarding its Public Orders Registry: “State regulators applaud the CFPB for its decision to limit enforcement and supervision relative to its Public Orders Registry. A significant number of covered public enforcement actions are already reported through the Nationwide Multistate Licensing
The Money Transmission Modernization Act is a single set of nationwide standards and requirements to modernize the supervision and regulation of money transmitters.
Download the Full Letter [PDF] The Honorable Patrick McHenry Chairman House Financial Services Committee The Honorable Maxine Waters Ranking Member House Financial Services Committee Chairman McHenry and Ranking Member Waters, On behalf of the Conference of State Bank Supervisors, 1 I am writing to stress the importance of maintaining a robust state regulatory framework for new financial services technologies and
The Federal Financial Institutions Examination Council (FFIEC) today announced the selection of Greg Gonzales to the FFIEC’s State Liaison Committee (SLC). Gonzales’s term runs from May 1, 2024, through April 30, 2026. Gonzales is the Commissioner of the Tennessee Department of Financial Institutions, a position he has held since 2005. As Commissioner, he serves as Tennessee’s chief regulatory officer of
Washington, D.C.— State bank supervisors have re-appointed Texas Department of Banking Commissioner Charles G. Cooper to serve as the state banking representative on the Financial Stability Oversight Council (FSOC). This is Commissioner Cooper’s third consecutive term as the state banking representative. "In today’s dynamic environment, regulatory coordination is critical for a safe and well-functioning financial system. Commissioner Cooper brings a
Statement by Superintendent Adrienne A. Harris New York State Department of Financial Services on The Report on Nonbank Mortgage Servicing by the Financial Stability Oversight Council First, I would like to acknowledge the work of the FSOC Secretariat, Federal Reserve, and Ginnie Mae staff who led the drafting of the report. I am proud to be here today representing the
CSBS President and CEO Jim Cooper Statement on New FDIC Board Appointees: “On behalf of state bank regulators, I congratulate Martin Gruenberg, Travis Hill and Jonathan McKernan on their appointment to the FDIC Board. Now that the board is complete, I invite all five members to meet with state regulators on ways we can strengthen our partnership and shared interests
Washington, D.C. - CSBS President and CEO Brandon Milhorn remarked on the benefits of the dual banking system today in a keynote address at the Federal Reserve Bank of Atlanta’s annual banking outlook conference. Federal policy should respect local decision making and enable smaller institutions to serve their customers and communities. Milhorn called for federal policy that would reflect these