While we appreciate the consideration given to the need for regulatory coordination with respect to financial innovation, we believe that the Bureau should continue to make clear that it lacks the authority to waive state disclosure requirements when discussing the Policy.
The Honorable Mitch McConnell Majority Leader United States Senate Washington, DC 20510 The Honorable Charles Schumer Minority Leader United States Senate Washington, DC 20510 Dear Majority Leader McConnell and Minority Leader Schumer: On behalf of the Conference of State Bank Supervisors (CSBS), I am writing to express state bank regulators’ strong support for Michelle Bowman’s nomination to serve on the
CSBS and State bank regulators have long supported the Federal Reserve System (“FRS”) playing an operational role in providing payment and settlement services to the banking industry. Accordingly, State bank regulators would support the Federal Reserve Banks developing a service for 24x7x365 real-time interbank settlement of faster payments and functioning as a service provider in the operation of this system.
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
VIA E-Mail December 4, 2018 Robert E. Feldman, Executive Secretary Attention: Comments Federal Deposit Insurance Corporation 550 17th Street, NW Washington, DC 20429 Docket No. RIN 3064-ZA02 Re: Request for Information on FDIC Communication and Transparency Dear Mr. Feldman, The Conference of State Bank Supervisors 1 (“CSBS” or “state regulators”) appreciates the opportunity to comment on the Federal Deposit Insurance
State regulators believe that a robust market for consumer lending depends upon viable market alternatives. Thus, it is critically important that banks, and especially community banks, be able to serve as a source of small-dollar credit in the communities they serve.
Access the Full Letter [PDF] Paul Watkins, Assistant Director Attention: Comment Intake Consumer Financial Protection Bureau Office of Innovation 1700 G Street NW Washington, D.C., 20552 Re: Request for Comment on the Bureau’s Proposed Policy Guidance and Procedural Rule on No-Action Letters and Product Sandbox [Docket No. CFPB-2018-0042] Dear Mr. Watkins, The Conference of State Bank Supervisors (CSBS) appreciates the
CSBS strongly opposes the federal agency's plan to change the Community Bank Leverage Ration in way that may actually increase the burden on community banks, despite how the framework for the rule was intended to be drafted.
When considering possible legislation on consumer privacy and security, state regulators call on federal policymakers to maintain a floor upon which states can add more stringent conditions and respond more quickly to emerging threats