Washington, D.C. – Forty-four state financial agencies, led by the California Department of Financial Protection and Innovation (DFPI), have reached settlements with more than 400 mortgage loan originators nationwide who deceptively claimed to have completed annual continuing education as required under state and federal law. Danny Yen, owner of Carlsbad, Calif.-based course provider Real Estate Educational Services, is facing administrative

What is NMLS NMLS is an online platform used to manage: State license application and annual renewal for companies and individuals in the mortgage, debt, consumer finance, and money services business industries. Registration and annual renewal for federally regulated banks and credit unions that originate home mortgages, and the mortgage loan originators (MLOs) who work for these institutions. Today, approximately

Washington, D.C.— Fifty-three state financial regulatory agencies have taken coordinated action against mortgage company Bayview Asset Management LLC and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies), for deficient cybersecurity practices and for not fully cooperating with state regulators following a data breach that impacted 5.8 million customers. The $20 million

Washington, D.C. – Today, Conference of State Bank Supervisors (CSBS) Board Chair Charlie Clark, Director of the Washington State Department of Financial Institutions, and Chair-elect Tony Salazar, Commissioner of Maryland’s Office of Financial Regulation, met with leadership from several national consumer advocacy organizations to discuss 2025 CSBS priorities, consumer protection, and financial access issues. CSBS Board members from numerous other

Washington, D.C. – The Conference of State Bank Supervisors today announced registration for the 2024 NMLS Annual Conference & Training is open and can be completed on the conference website. The NMLS Annual Conference will be held in San Antonio, Texas, Feb. 13 – 16, 2024 at the San Antonio Marriott Rivercenter on the River Walk. The NMLS Annual Conference

The NMLS team is focused on enhancing the NMLS user experience (UX) to ensure the improved system is intuitive and user-friendly. The NMLS team recently conducted a card sorting exercise with 40 NMLS users to better understand the best way to organize menus and pages within the system. Read further to find out why card sorting is a valuable exercise

Sigue Corp. Failed to Satisfy Outstanding Money Transmission Liabilities, Violating State Law Washington, D.C. — Today, financial regulatory agencies from 39 states, Puerto Rico, and the District of Columbia ordered Sigue Corp. to cease engaging in any further money transmission activities as the company can no longer responsibly serve customers due to its declining financial position. Sigue is a state-regulated

“We are disappointed that the CFPB is proceeding with its Public Orders Registry and stand by the concerns expressed by state regulators during the consultation process and in CSBS’s comment letter. CSBS’s primary focus now is to help ensure alignment between the CFPB’s Registry and the Nationwide Multistate Licensing System to prevent consumer and industry confusion and redundant reporting. We