Washington, D.C.—The Conference of State Bank Supervisors (CSBS) today released the Money Transmission Modernization Act for state adoption as part of states’ broader effort to modernize the state financial regulatory system. In addition to supervising 79% of U.S. banks, state financial agencies are the primary regulator of the nation’s nonbank financial sector, which includes mortgage lenders and servicers, consumer finance
Washington, D.C. – Community bankers’ outlook on economic conditions has dropped to a new low in the most recent Community Bank Sentiment Index, released today by the Conference of State Bank Supervisors. Concerns about regulatory burden, monetary policy, future business conditions and future profitability dropped the CBSI to 73, falling 10 points from the previous quarter and to the lowest
Washington, D.C. – While community bankers continue to hold a negative view of future economic conditions, their outlook is becoming less pessimistic, according to the latest Community Bank Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS) today. The CBSI inched up 6 points to 92 in the fourth quarter of 2023. This is the second continued
Student teams used PPP data to show community bank role in pandemic Washington, DC - A team of students from William & Mary has won the CSBS 2022 Data Analytics Competition, CSBS announced today. This year’s competition challenged students to develop a data analytics model that demonstrates the role community banks played during the pandemic using data from the Paycheck Protection Program (PPP). “We have all been extremely impressed
Washington, D.C. – Forty student teams from 34 universities across the nation have entered the Conference of State Bank Supervisors (CSBS) 2023 Community Bank Case Study Competition. The competition is open to undergraduate students in all fields of study as an opportunity to gain valuable first-hand knowledge of the banking industry. This year’s competition asks students to look at how
Washington, D.C. – Community bankers nationwide continue to have a fairly pessimistic view of the economy, but their outlook ticked up slightly in the third quarter, according to the Community Bank Sentiment Index (CBSI) released today by the Conference of State Bank Supervisors (CSBS). The third quarter 2022 CBSI rebounded seven points from its all-time low of 84 experienced in
Washington, D.C. – The Federal Housing Finance Agency (FHFA) should not make any changes to the Federal Home Loan Bank System that would undermine the ability of institutions to access essential funding, the Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) said in a joint comment letter today. Federal Home Loan Bank
Washington, D.C. - Community bankers nationwide have a brighter outlook, despite continued concerns about regulatory burden. The Community Bank Sentiment Index (CBSI) moved past neutral, signaling an improved sentiment for the first time in more than three years, the Conference of State Bank Supervisors (CSBS) announced today. The third quarter 2024 CBSI moved up 11 points to 110, the first
Washington, D.C. - Community bankers report an overall positive economic outlook for a third consecutive quarter, but their confidence in future business conditions is fading, according to the first quarter Community Bank Sentiment Index (CBSI) results. The Conference of State Bank Supervisors (CSBS) polls community banks nationwide quarterly to gauge their sentiment in seven economic components. A score of 100