The Honorable Jeb Hensarling Chairman House Financial Services Committee 2129 Rayburn House Office Building Washington, DC 20515 Dear Chairman Hensarling: On behalf of the Conference of State Bank Supervisors (CSBS) 1, I am writing to express state regulators’ opposition to H.R. 6743, the “Consumer Information Notification Requirement Act.” This bill would preempt state data breach notification laws and undermine state
Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 Docket No. OP‐1788 Re: Guidelines for Evaluating Account and Services Requests Dear Ms. Misback: The Conference of State Bank Supervisors (“CSBS”) appreciates the opportunity to comment on the proposed amendments to the Federal Reserve Board’s (“Board”) Guidelines for Evaluating
Washington D.C. – Business conditions have surpassed funding as the area of greatest concern for community bankers as they navigate the impact of the coronavirus pandemic, according to the Conference of State Bank Supervisors’ (CSBS) seventh annual national survey. Last year, funding scarcity was the top concern, and only 6% of respondents listed business conditions as a challenge. However, this
Jim Payne, director of examinations and assistant deputy commissioner for the Consumer and Mortgage Lending Division of the Kansas Office of the State Bank Commissioner, will serve as the new NMLS ombudsman starting July 1.
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) has opened the 2022 Data Analytics Competition for applications. This year, students are asked to develop a data analytics model that demonstrates the role community banks played during the pandemic using data from the Paycheck Protection Program. This is the second year of the competition, designed to give both undergraduate
The Conference of State Bank Supervisors (CSBS) has established a new advisory group to provide counsel and perspective to CSBS and state financial supervisors on the development and use of artificial intelligence (AI) in the financial services sector. The CSBS Artificial Intelligence Advisory Group includes experts from academic institutions, the financial industry, and nonprofit organizations. “Artificial intelligence presents significant opportunities
Washington, D.C. – Fourteen teams have advanced in the first round of judging of the Conference of State Bank Supervisors’ Community Bank Case Study Competition. The teams were chosen from a pool of 34 student teams and represent 28 colleges and universities. This is the ninth year of the competition, which is open to undergraduate students in all fields of
Washington, D.C. – Community bankers are feeling the impact of high interest rates and the threat of cyber-attacks, according to the 2023 Annual Survey of Community Banks, released today by the Conference of State Bank Supervisors (CSBS). This is the tenth year of the survey, which canvassed 462 community banks with less than $10 billion in total assets. The survey
Washington, D.C. – Eleven teams have advanced in the first round of judging of the 2024 CSBS Community Bank Case Study Competition. The teams were chosen from a pool of 27 student teams that represent 21 colleges and universities across the nation. This is the tenth year of the competition, which is open to undergraduate students in all fields of
Up to $82 million in virtual assets to be returned to customers Washington, D.C. — Twenty-five state financial regulators have taken collective action against Plutus Financial, Inc., Abra Trading, LLC, Plutus Financial Holdings, Inc., Plutus Lending, LLC (collectively known as “Abra”), and CEO and largest equity owner William “Bill” Barhydt for operating a cryptocurrency company without receiving the required state