Existing money transmission oversight—developed and supervised by the states—protects consumers and fosters innovation. Calls for a new federal payments regulatory framework clearly do not understand the existing state system. Some recent statements have been more fiction than fact. Learn the reality here: https://lnkd.in/giE4skr8
Conference of State Bank Supervisors (CSBS)
Banking
Washington, District of Columbia 6,614 followers
For more than a century, CSBS has given state supervisors a national forum to coordinate supervision and develop policy.
About us
The Conference of State Bank Supervisors (CSBS) is the nationwide organization of banking regulators from all 50 states, the District of Columbia, American Samoa, Guam, Puerto Rico, and the U.S. Virgin Islands. At the Conference of State Bank Supervisors, we vibe as "One CSBS" and are dedicated to developing a diverse, inclusive, and equitable culture of belonging. We appreciate our employees as they bring various backgrounds and experiences and who model collaboration, teamwork, respect, and trust which generates deeper insights and innovative solutions to better serve our members, employees and communities. The Diversity Council advises and supports employee resource groups and provides learning opportunities, through programs, activities and conversation, to advance emotional intelligence, understanding, empathy, and a deeper appreciation for others and giving each employee the opportunity to contribute their knowledge, skills, experience and perspectives. We currently have the following employee resource groups: Those groups include: • African American Employee Resource Group • Asian American Pacific Islander Employee Resource Group • Pride – LGBTQ Employee Resource Group • Womxn's Interactive Network (WIN)
- Website
-
http://www.csbs.org
External link for Conference of State Bank Supervisors (CSBS)
- Industry
- Banking
- Company size
- 51-200 employees
- Headquarters
- Washington, District of Columbia
- Type
- Nonprofit
- Founded
- 1902
- Specialties
- Banking, Supervision, Non-Banks, Financial Regulation, and State Supervision
Locations
-
Primary
1300 I St NW
Suite 700 East
Washington, District of Columbia 20005, US
Employees at Conference of State Bank Supervisors (CSBS)
Updates
-
Congratulations to Commissioner Mary Gallagher and the Massachusetts Division of Banks on the passage of the Money Transmission Modernization Act (MTMA)! The MTMA strengthens consumer protections in nonbank payment services and establishes a consistent regulatory framework for companies nationwide. Its standards already apply to 99% of money transmission activity, and with Massachusetts becoming the 23rd state to adopt the MTMA, the state can now enforce these requirements. Under the MTMA, money transmitters are held to robust prudential standards, including requirements for tangible net worth (like bank capital), surety bonds (similar to insurance), and permissible investments (akin to bank liquidity). These standards reduce consumer risk and create a more efficient regulatory environment for licensed businesses. Learn more about the MTMA and its impact: https://lnkd.in/eUuZTQdj
The Division of Banks is thrilled to start off the new year with the enactment of our money transmission modernization effort! Thank you to the Legislature and Governor Maura Healey for signing into law An Act relative to the regulation of money transmission by the Division of Banks – officially Chapter 312 of the Acts of 2024. This has been an agency priority for several years, and we extend our thanks to the many colleagues and stakeholders who helped this effort over the finish line. Our team is excited to implement this law in 2025.
-
Conference of State Bank Supervisors (CSBS) reposted this
what do you have going on for lunch on January 16th? Register for our Public Policy Lunch with Brandon Milhorn President and CEO of Conference of State Bank Supervisors (CSBS). Come participate in a fireside chat covering a wide agenda of topics in baning supervision including Networked Supervisionand state resgulators’ priorities for the coming year.
-
It is that time of year again! The 2025 CSBS Community Bank Case Study Competition is now open for registration. Meet one of last year’s student team winners, Eric Shaw, and learn what he found the most valuable out of the competition: https://lnkd.in/ef398iJM. Interested in joining this year’s competition? Submit your statement of interest by Feb. 5 by visiting www.csbs.org/bankcasestudy.
-
Conference of State Bank Supervisors (CSBS) reposted this
Register today for our January 16 Public Policy Lunch with Brandon Milhorn, President and CEO of Conference of State Bank Supervisors (CSBS). This fireside chat will be moderated by Jenna Burke and will cover a wide agenda of topics in banking supervision including Networked Supervision and state regulators’ priorities for the coming year. https://lnkd.in/eADAzRJp
-
Conference of State Bank Supervisors (CSBS) reposted this
Start to plan your 2025… Register for our Public Policy Lunch with Brandon Milhorn President and CEO of Conference of State Bank Supervisors (CSBS). Come participate in a fireside chat moderated by Jenna Burke covering a wide agenda of topics in banking supervision including Networked Supervision and state regulators’ priorities for the coming year.
-
Conference of State Bank Supervisors (CSBS) reposted this
U.S. mortgage loan originators pushed up quarterly home-improvement lending production to the highest level since 2022, the Conference of State Bank Supervisors (CSBS) reported. Remodeling activity, however, is expected to slow down. https://lnkd.in/g6te5y62
-
State regulators have appointed North Dakota Department of Financial Institutions Commissioner I. Lise Kruse as the new state banking representative on the Financial Stability Oversight Council (FSOC), effective Jan. 1, 2025. Her extensive experience in bank and nonbank oversight will provide critical support to the Council's mission. Thank you to New York State Department of Financial Services Superintendent Adrienne A. Harris for her leadership and service during a challenging period for the banking sector. State regulators bring a unique perspective to safeguarding financial stability, and Commissioner Kruse’s contributions will strengthen these efforts. Read more here: https://lnkd.in/eTsuXX4G
-
The 2025 CSBS Community Bank Case Study Competition is now open for registration! The annual competition provides undergraduate students an opportunity to gain valuable first-hand knowledge of the banking industry. This year, teams are challenged to explore the impact of interest rates and inflation on banking, with an emphasis on future planning, including branch strategy, technology, and managing regulatory complexities. Why participate? ✔️Provide students with hands-on research experience. ✔️ Build connections with key stakeholders in the banking industry. ✔️ Help shape the next generation of thought leaders in finance and banking. ✔️ The top three teams receive scholarships, and their work is published in the CSBS Journal of Community Bank Case Studies. The winning team is invited to present at the Community Banking Research Conference. 📅 Submit your statement of interest by Feb. 5 - Learn more and register at www.csbs.org/bankcasestudy
The CSBS Community Bank Case Study Competition
csbs.org
-
Conference of State Bank Supervisors (CSBS) reposted this
While everyone is focused on the holidays and getting through the final weeks make sure to start planning your early 2025 plans…here at WHF we have started! Register for our Public Policy Lunch with Brandon Milhorn President and CEO of Conference of State Bank Supervisors (CSBS). Come participate in a fireside chat covering a wide agenda of topics in baning supervision including Networked Supervisionand state resgulators’ priorities for the coming year.