Misconceptions Misconception: Regulation of nonbank mortgage companies is lax or non-existent. As the primary regulator of nonbanks, states have broad licensing, examination, investigation, and enforcement authorities. Prudential standards, including financial capacity (i.e., net worth/capital and liquidity), governance, and risk management requirements, are also a matter of state law enforced by state regulators. 1 The Nationwide Multistate Licensing System and Registry
Guest: Margaret Liu, CSBS Senior Legislative Vice President & Deputy General Counsel Host: Matt Longacre Today, we talk with CSBS Senior Legislative Vice President and Deputy General Counsel Margaret Liu and try to define exactly what everyone means when they call a company a "fintech."
Timestamps: 1:39 – Intro 2:45 – Why does the Community Bank Research Conference exist? 5:11 – Why the FDIC Joined the Research Conference 7:06 – What Impact has Research had on Policy for Community Banks? 13:41 – How Does the FDIC Build Trust with its Regulated Banks? 19:20 – What is a Community Banker’s Biggest Risk Right Now? 24:33 –
Host: Matt Longacre, Guest: Joey Samowitz, Senior Analyst, Policy, Conference of State Bank Supervisors Timestamps 2:05 - The Journey of a Check in the 20th Century 6:05 - How 9/11 Stopped Your Check from Flying Commercial 8:33 - How Does Money Move Today? 10:24 - What's a Real-Time Gross Settlement System? 11:25 - What's a Deferred Net Settlement System? 12:52
Today we ask Darryle Rude, Chief Examiner at the Utah Department of Financial Institutions, what an Industrial Loan Corporation is(also known as an Industrial Bank or ILC).
