The purpose of this paper is to outline the state system of supervision of MSBs in order to make clear the existence, structure and degree of an established regulatory system for MSBs.

State bank regulators oppose the creation of a special purpose national bank charter for financial technology (fintech) and other nondepository companies.

The BSCA Act, a bill introduced in the 114th Congress, is commonsense, bipartisan legislation that makes state and federal supervision more efficient and more effective.

Fintech, short for “Financial Technology,” refers to companies and products using technology to make financial services more efficient. Many Fintech companies perform traditional business activities, such as mortgage lending or money transmission. However, some Fintech companies are startups that present themselves as a new business model. Many new and existing businesses consider themselves part of the Fintech ecosystem. Online lenders

Read the full White Paper [PDF] Nearly half of small business lending and a meaningful amount of consumer lending is conducted through community-based banks. These institutions currently face competitive pressures to remain viable. State bank supervisors, who regulate these institutions, have a duty to ensure the broad, safe access to credit within their jurisdictions. To this end, these supervisors have

Legal filing of CSBS's opposition to the OCC's motion to dismiss a CSBS complaint concerning the OCC's planned fintech charters.