Sigue Corp. Failed to Satisfy Outstanding Money Transmission Liabilities, Violating State Law Washington, D.C. — Today, financial regulatory agencies from 39 states, Puerto Rico, and the District of Columbia ordered Sigue Corp. to cease engaging in any further money transmission activities as the company can no longer responsibly serve customers due to its declining financial position. Sigue is a state-regulated
“We are disappointed that the CFPB is proceeding with its Public Orders Registry and stand by the concerns expressed by state regulators during the consultation process and in CSBS’s comment letter. CSBS’s primary focus now is to help ensure alignment between the CFPB’s Registry and the Nationwide Multistate Licensing System to prevent consumer and industry confusion and redundant reporting. We
Welcome! It is so great to see all of you – I enjoy and appreciate that we are able to be here in person. Thank you, St. Louis Federal Reserve, for again hosting this event. This conference presented by state and federal regulators is a testament to our nation’s dual-banking system - which I believe helps make our economy the
“State regulators are pleased that the Federal Reserve Board of Governors is fully seated. We congratulate Federal Reserve Governor Phillip Jefferson on his confirmation as Vice Chair, Federal Reserve Governor Lisa Cook on her new Board term and Adriana Kugler on her new role as Governor. We look forward to working with the entire Board of Governors to support the
Secretary Bryan A. Schneider, Illinois Department of Financial and Professional Regulation, testifies before the House Subcommittee on Financial Institutions and Consumer Credit
In revising its existing procedures and standards with respect to CIDs and associated processes, we encourage the CFPB to do so in a manner that recognizes that state regulators serve as the primary regulators of non-depositories
Bureau of Consumer Financial Protection Office of Management and Budget Attn: OMB Desk Officer New Executive Office Building, Room 10235 Washington, DC 20503 Docket No. BCFP-2018-00024 Re: Request for Comment Regarding the Bureau’s Consumer Complaint Intake System Company Portal Boarding Form Dear Office of Management and Budget: The Conference of State Bank Supervisors (“CSBS” or “state regulators”) appreciates the opportunity
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Idalia on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Tornadoes The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of tornadoes on the customers and operations of many financial