Washington, D.C. – The federal banking agencies’ capital proposal is misguided and unjustified, the Conference of State Bank Supervisors (CSBS) said in comments filed today. Without significant changes, state regulators are concerned that the proposal could disrupt the United States economy. After a decade of reform, the banking system has strong capital levels and is more resilient. However, the Basel
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) is pleased to share that its Community Bank Sentiment Index (CBSI) has been added to the Federal Reserve Economic Data, the online database maintained by the Federal Reserve Bank of St. Louis informally known as the FRED. The FRED includes economic data time series from a range of sources. Data
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) is pleased to share that its Community Bank Sentiment Index (CBSI) has been added to the Federal Reserve Economic Data, the online database maintained by the Federal Reserve Bank of St. Louis informally known as the FRED. The FRED includes economic data time series from a range of sources. Data
Washington, D.C. – Six student teams from across the nation have advanced to the second round of the 2023 Data Analytics Competition, the Conference of State Bank Supervisors announced today. The annual competition this year required students to develop a data analytics model that examines the potential impact on banks, such as earnings, deposits and asset quality, from the recent
Washington, D.C. – The Conference of State Bank Supervisors encourages community banks to participate in its tenth Annual Community Bank Survey, open now through June 30. This is an important opportunity for community banks to share their perspectives on community banking, the economy, regulation and supervision with state and federal policymakers. This year’s questions focus on current bank conditions and
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced the appointment of Bo Berlas as its new Chief Information Security Officer (CISO). With over 20 years of leadership experience in cybersecurity, Berlas will oversee CSBS’s information security strategy, ensuring the protection of its digital assets, fostering a strong security culture within CSBS, and building a technology platform
Statement from CSBS President and CEO Brandon Milhorn: “Many of the proposals for federal regulatory consolidation being discussed in the media have been debated — and rejected — in the past. We encourage the Administration and Congress to avoid drastic restructuring of the federal banking agencies and instead focus on real and meaningful supervisory reforms that would energize our nation’s
State regulators reiterate their request for the Bureau to reconsider the creation of the proposed CFPB Registry. If the Bureau chooses to proceed, state regulators ask that the CFPB exempt companies from the requirement of filing a public order if the order is already published on NMLS Consumer Access.
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.
