Renewal Season Starts November 1 Washington, D.C. – State regulators encourage individuals and businesses in the mortgage, money transmission, debt collection and consumer financial services industry to get ready for the Nov. 1 start of Nationwide Multistate Licensing System (NMLS) annual license renewal by taking steps to prepare in advance. More than 261,000 mortgage loan originators (MLOs) and companies are
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today issued a request for public comment on proposed increases to processing fees for the Nationwide Multistate Licensing System and Registry (NMLS). If approved following the comment period, the proposed increase will be the first time these fees have changed since NMLS launched nationwide in 2008. “NMLS has become a
NYDFS Superintendent Adrienne Harris Concludes Her Service Washington, D.C. — State bank supervisors have appointed North Dakota Department of Financial Institutions Commissioner Lise Kruse to serve as the state banking representative on the Financial Stability Oversight Council (FSOC), effective Jan. 1, 2025. She will succeed New York State Department of Financial Services Superintendent Adrienne Harris, who will conclude her two-year
Community bankers are feeling upbeat about the economic future. The Conference of State Bank Supervisors’ (CSBS) fourth quarter 2024 CSBS Community Bank Sentiment Index (CBSI) surged 17 points to 127 compared to last quarter’s survey, reaching its highest mark since the survey began in 2019. The overall index was driven higher mostly on expectations of a more-balanced regulatory burden and
Download the Full Letter [PDF] Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219 Chief Counsel's Office Attention: Comment Processing Docket ID OCC-2023-0011 Board of Governors of the Federal Reserve System 20th Street and Constitution Ave NW Washington, DC 20551 Ann E. Misback, Secretary Docket No. R-1815 RIN 7100-AG66 Federal Deposit Insurance Corporation
Good afternoon. It is a pleasure to address this year’s Community Banking Research Conference. I want to begin by commending the organizers for once again bringing community bankers, researchers, and policy makers together in what I believe is a one-of-a-kind venue that we are proud to co-sponsor, along with the Federal Reserve and the Conference of State Bank Supervisors. We
CSBS formally requests the FDIC and OCC to extend the deadline for comment period on the Notice of Proposed Rulemaking on Community Reinvestment Act Regulations.
The CSBS Nonbank Model Data Security Law leverages the FTC Safeguards Rule to establish a robust framework for nonbank financial institutions to mitigate cyber threats, prevent data breaches, and uphold the integrity of the financial system.
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced the election of North Dakota Department of Financial Institutions Commissioner Lise Kruse as the new chair of the Board of Directors. CSBS also elected new officers for 2023-24 during the organization’s annual meeting. Chair Kruse presented her annual committee chair appointments in the CSBS board meeting that immediately
Washington, D.C. – Community bankers have a slightly rosier economic outlook for the first time in a year, according to the most recent Community Banker Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS) today. While the third quarter CBSI remains below the neutral level of 100 for the seventh quarter in a row, it bounced up