We're excited to announce the first release of system enhancements as a part of NMLS Modernization. This release sets the foundation for future major enhancements as part of the modernization effort. NMLS Modernization is a multi-year effort to enhance NMLS and deliver an improved user experience for state regulators and industry professionals – those who rely on NMLS the most. Watch this video to learn more about this multi-year effort: https://lnkd.in/e9PNeU6H #NMLS #NMLSModernization
Conference of State Bank Supervisors (CSBS)
Banking
Washington, District of Columbia 6,165 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
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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
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Primary
1300 I St NW
Suite 700 East
Washington, District of Columbia 20005, US
Employees at Conference of State Bank Supervisors (CSBS)
Updates
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The NMLS Ombudsman meeting convened industry NMLS users and state regulators yesterday in New Orleans at the AARMR 34th Annual Regulatory Conference & Training. Led by NMLS Ombudsman Jim Payne, MBA, participants discussed a range of opportunities to increase NMLS efficiency for the benefit of mortgage and nonbank financial services providers and the consumers they serve. Learn more about the NMLS Ombudsman: https://lnkd.in/eAhgVjkm
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Conference of State Bank Supervisors (CSBS) reposted this
I was happy to share some progress information at today’s CSBS Meeting at the AARMR Conference regarding the Mortgage Compliance Dataset that has been created through MISMO. THANK YOU to our industry partners and the DWG who have bought in to this dataset that will standardize mortgage information for testing. My friend, Will Thompson did a great job of providing an update on the Prudential Standards for Mortgage Servicers. It was a good day. Conference of State Bank Supervisors (CSBS) Kevin Byers
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Conference of State Bank Supervisors (CSBS) reposted this
Conference of State Bank Supervisors (CSBS) kicked off Capital Markets and Examiner-in-Charge Schools today in Albuquerque, NM. Pictured here is the Workforce Development team: Amy Richardson, Christopher Romano and Katherine Hoyle. We are looking forward to spending the week with some of our members from across the country.
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CSBS President and CEO Brandon Milhorn and CSBS Chair Charlie Clark addressed an audience of 120 state regulators from 41 states this morning at the AARMR 34th Annual Regulatory Conference & Training. They discussed the state system’s technology goals, partnership opportunities with federal regulators, and supervision coordination and modernization.
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Conference of State Bank Supervisors (CSBS) reposted this
Please check out this blog post on ransomware mitigations using R-SAT written by Joe Davis! Thank you Bradford Robinson, MBA, CISE, CEIC for your insights into this CSBS resource for financial institutions. #sbscyber
With insights provided by the CSBS, we are unraveling the complexities of the R-SAT, offering expert-driven answers to frequently posed questions. Read R-SAT FAQs: Part 1 ➡️ https://loom.ly/idsjb2A #RSAT | #Ransomware
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"Banks should have strong corporate governance standards to help ensure risk is appropriately managed. The FDIC’s rule, however, would impose a one-size-fits-all mandate on institutions that would intrude on over a century of state fiduciary laws and confuse the role of board and management." https://lnkd.in/dUNjHUDh
CSBS Applauds Continued Congressional Oversight of Critically Flawed FDIC Corporate Governance Proposal
csbs.org
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Congratulations to the Minnesota Department of Commerce and to all Minnesotans - who now are protected by best-in-class state laws on data security, mortgage servicing, and money transmission. Minnesotans will now enjoy strong, modern standards for these industries enforced by Minnesotan officials who know their community, all while experiencing greater consistency and coordination between states and across the country. You can learn more about CSBS's model laws here: https://lnkd.in/eSvcyVC9
Minnesota consumers have new protections for sensitive data they provide to nonbank financial companies, including personal and financial information, through a new data security law championed by the Minnesota Department of Commerce that goes into effect Aug. 1, 2024. Minnesota is the first state to pass three model acts, designed by the Conference of State Bank Supervisors (CSBS), to provide consumer protections in the area of money transmission and mortgage services. What's a "nonbank"? CSBS explains https://lnkd.in/gd36jhwH Learn more about Minnesota's nonbank cybersecurity law: https://lnkd.in/ggW4eKTh #mnleg
What is a Non-Bank?
https://www.youtube.com/
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More than 600,000 industry professionals use NMLS annually. In addition to improving how users log in to NMLS and manage their credentials with self-service options, CSBS has updated the system to include design and dashboard enhancements as well as a survey option for real-time feedback: Learn more about the design and feedback enhancements: https://lnkd.in/da4Uw2BF
NMLS Enhancement: New Designs, Profile Dashboard and Survey Option
csbs.org
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In an American Banker BankThink op-ed, CSBS President and CEO Brandon Milhorn talks about how the false promises of federal preemption would affect the vital role that states play in their local economies. "Despite the demonstrated success of the dual banking system, there are periodic calls — often in times of stress or challenge — for the federal government to take over more and more of the financial system. These proposals would inject a federal, one-size-fits-all approach to regulation and supervision over an even greater share of the financial services market, eliminating or greatly constraining the vital role that states play in their local economies. Do not let the siren song of federal uniformity lure you to the death of financial innovation," writes Milhorn. Read more here: https://lnkd.in/ejPPHet4
I nstead of overreaching for more exclusive authority, federal regulators should work with state banking supervisors to cooperatively manage risk in the sector, writes Brandon Milhorn, of the Conference of State Banking Supervisors in American Banker’s BankThink. https://bit.ly/3ydYapq
Don't fall for the false promises of federal preemption
americanbanker.com