June is National Homeownership Month, a time to recognize the value of homeownership and encourage prospective homeowners. NMLS Consumer Access, established in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) to help promote consumer protection, is the website prospective homeowners can use to verify if the mortgage company or professional they are working

It is with great sadness that we announce that John W. Ryan, President and Chief Executive Officer of CSBS, died unexpectedly late yesterday in Washington, D.C. “On behalf of the CSBS Board of Directors, executive team, staff and membership, we extend our deepest sympathies to John’s family and everyone who knew and worked with John over his more than 30-year

Misconceptions Misconception: Regulation of nonbank mortgage companies is lax or non-existent. As the primary regulator of nonbanks, states have broad licensing, examination, investigation, and enforcement authorities. Prudential standards, including financial capacity (i.e., net worth/capital and liquidity), governance, and risk management requirements, are also a matter of state law enforced by state regulators. 1 The Nationwide Multistate Licensing System and Registry

Why is NMLS being modernized? CSBS is modernizing NMLS because it is a priority that we maintain operational excellence for our state agency and industry users. We are committed to improving the user experience. Specifically, we’re focused on making enhancements to improve system performance and alleviate user pain points. What do you mean when you say “modernizing” NMLS? Does that

Washington, D.C. — The Conference of State Bank Supervisors (CSBS) sent a letter to Senate Banking Committee Chairman Brown and Ranking Member Toomey supporting the Congressional Review Act (CRA) joint resolution (S.J. Res.15) to strike down the Office of the Comptroller of the Currency’s (OCC) true lender rule. John Ryan, CSBS president and CEO: “The true lender rule undercuts state

Washington, D.C. – Statement from CSBS President and CEO John W. Ryan on the federal housing agencies’ affirmation of mortgage forbearance through Feb. 28, 2021: “State regulators applaud the federal housing agencies for clarifying the deadline for consumers to request forbearance under the CARES Act. This action provides clarity on the appropriate covered period. Importantly, it also gives consumers a

CSBS, in partnership with the MTRA, will now offer accreditation of state regulatory agencies that supervise MSBs.

Washington, D.C. – Statement from CSBS President and CEO James M. Cooper on Opposition to Vance Amendment #10  “The Conference of State Bank Supervisors strongly opposes Senator Vance’s amendment to the RECOUP Act, which would fundamentally undermine our nation’s dual banking system by automatically converting state-chartered banks of a certain size into national banks. If enacted, the provision would dramatically

Washington, D.C. – In letters sent to both the House and Senate today, Conference of State Bank Supervisors Acting President & CEO James M. Cooper urged Members of Congress to provide marijuana businesses with access to financial services by retaining the Secure and Fair Enforcement (SAFE) Banking Act in the final conference report of the America COMPETES Act. “By granting

Washington, D.C. - The Conference of State Bank Supervisors (CSBS) has opened the 2023 Data Analytics Competition for applications. Students are asked to develop a data analytics model that demonstrates the potential impact on banks, such as earnings, deposits and asset quality, from the rapidly rising interest-rate environment and how banks should prepare. This is the third year of the