Former senior FDIC official to lead national organization of state financial regulators Washington, D.C. – The Conference of State Bank Supervisors’ Board of Directors today announced the appointment of Brandon Milhorn, currently deputy to FDIC Vice Chairman Travis Hill and previously chief operating officer, chief of staff and deputy to FDIC Chairman Jelena McWilliams, as its next president and CEO
Washington, D.C.— State financial regulators released an updated cybersecurity examination tool for nonbank financial company supervision during the ongoing Nationwide Multistate Licensing System (NMLS) Annual Conference. The tool is designed for state regulator use in examinations, and companies are encouraged to use it to assess their cybersecurity health between examinations. This tool is the newest component of state regulators’ cybersecurity
CSBS expresses concern regarding the timing and focus of the request for information issued by the Consumer Financial Protection Bureau to assist the Taskforce on Federal Consumer Financial Law, given the aggravating circumstances of COVID-19.
Read the Full Letter [PDF] The Honorable Patrick McHenry Chairman House Financial Services Committee Washington, DC 20515 The Honorable Maxine Waters Ranking Member House Financial Services Committee Washington, DC 20515 Chairman McHenry and Ranking Member Waters, On behalf of the Conference of State Bank Supervisors, 1 I write to relay our concerns with the U.S. Securities and Exchange Commission’s (SEC)
CSBS sent the following letter – highlighting recent CARES Act guidance issued by the states and state efforts to enhance prudential standards for nonbank mortgage servicers – to members of the House and Senate Banking Committees.
State regulators believe this framework has been effective in protecting consumers. The proposed amendments to the Safeguards Rule would bolster the consumer protections ensured by the rule and would not prevent states from imposing stricter requirements.
The CSBS Fintech Industry Advisory Panel (“Advisory Panel”) is designed to support state regulators’ increased efforts to engage with financial services companies involved in fintech.
Specialty Certification Certified Data Analytics Specialist (CDAS) The objectives of this credential are to: Recognize the specialized knowledge, skills, and abilities of individuals who perform data analysis for a state regulatory agency and/or provide data analysis as input to the examination process Encourage continued professional development in data analytics emerging issues, trends, and actionable insights Enhance and maintain the quality
A new series of CSBS papers will describe the various business segments within the nonbank industry, explain how they are currently licensed and supervised by state financial regulators, and discuss issues affecting regulatory changes going forward