Statement from CSBS President and CEO John W. Ryan on Rohit Chopra Confirmation as CFPB Director: “State financial regulators look forward to continued partnership with the CFPB under the leadership of Director Chopra. Our work with the CFPB is a model for state-federal regulatory partnership and has served to protect consumers and ensure their access to a wide range of
As the administrative record makes clear, the FDIC’s corporate governance proposal is ill-conceived and must be withdrawn.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.
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
Washington, D.C. – The Conference of State Bank Supervisors today withdrew its complaint from the U.S. District Court for the District of Columbia challenging the Office of the Comptroller of the Currency’s (OCC) nonbank charter program and Figure Technologies’ application for an OCC nonbank charter. CSBS took this voluntary action after Figure amended its application to include seeking FDIC deposit
Community Bank Vitality, State-Federal Partnerships, and State Nonbank Authority are 2025 Priorities Today, on behalf of state financial regulators, the Conference of State Bank Supervisors (CSBS) asked new Congressional leaders to advance policies that support community banking, enable effective state-federal partnerships, and safeguard the dual-banking system. A similar letter will be sent to Executive branch leadership in the next Administration
Washington, D.C. – Statement from CSBS President and CEO John W. Ryan on the Report on Stablecoins by the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency: “We look forward to examining the PWG’s stablecoin report more fully and sharing our supervisory experience in this area with PWG
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
"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
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
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.