Conference of State Bank Supervisors (CSBS)

Forty-eight state financial regulatory agencies have issued a fine and required corrective action against Block Inc., Cash App. The $80 million fine and corrective action underscores the importance of complying with BSA/AML rules to safeguard the financial system from illicit use. Read more: https://lnkd.in/ekHZvGEx

A new survey from Conference of State Bank Supervisors (CSBS) shows #community banker sentiment in Q4 climbed to its highest reading since the index began in 2019. #Bankers expect a more balanced regulatory environment & improved #business conditions. https://lnkd.in/d9zeaNbF

The fourth quarter 2024 Community Bank Sentiment Index (CBSI) rose to its most optimistic reading since the survey’s debut in 2019. What caused this sudden positive outlook? Read CSBS Chief Economist Thomas Siems’ analysis of the 2024 fourth quarter CBSI findings in his latest blog post: https://lnkd.in/d9zeaNbF

CSBS applauds Acting Chairman Travis Hill’s statement this morning outlining the Federal Deposit Insurance Corporation (FDIC)’s priorities, which closely align with our members’ shared goals of enhancing the safety, soundness, and viability of the banking sector, recognizing the critical role banks play in supporting the financial needs of consumers and businesses across the United States.   The partnership of our state supervisors with the FDIC is vital to support a dynamic, innovative, and inclusive financial system. We look forward to working with the Acting Chairman to strengthen this relationship, appropriately right-size bank supervision and regulation, protect consumers, and support economic growth. https://lnkd.in/da7PmRhU

Today, on behalf of state financial regulators, CSBS asked new Congressional leaders to advance policies that support community banking, enable effective state-federal partnerships, and safeguard the dual-banking system. “This Congress can be a turning point for the creation of a more resilient, innovative, and consumer-focused financial system,” said CSBS President and CEO Brandon Milhorn. “State supervisors are prepared to work with Congress and our federal partners to strengthen the financial services that support the American economy.” Read more: https://lnkd.in/euYzmt2n

Are you attending? TODAY: our Public Policy Lunch features Brandon Milhorn, President and CEO of Conference of State Bank Supervisors (CSBS) of State Bank Supervisors (CSBS). Join us for a fireside chat covering a wide agenda of topics in banking supervision including Networked Supervision and state regulators’ priorities for the coming year. https://lnkd.in/eADAzRJp

Excited to highlight a crucial conversation happening at the Fintech Xchange hosted by the Stena Center for Financial Technology! Join CFES co-founder Sima Gandhi at the University of Utah on January 23rd for an insightful panel on "Breaking Through the Barriers: A Roadmap for the Future of Bank-Fintech Partnerships." The session will explore the evolving landscape of bank fintech partnerships, diving deep into business models, regulatory frameworks, and the critical role of industry standards. Join Sima alongside Yoseph West (Co-Founder & CEO, Relay), Chris Black (CEO & President, Thread Bank), and Brandon Milhorn (President and Chief Executive Officer, Conference of State Bank Supervisors (CSBS)) for this important discussion from 1:00-1:40 PM MT. Make sure to say hello to Sima Gandhi and Bryan L. Mulcahey if you're attending! #financialservices #banking #fintech #innovation

Congrats to Matt Longacre of Conference of State Bank Supervisors (CSBS) on earning his certificate in Public Affairs Management! Start your path to a certificate and connect with the best in the business: https://lnkd.in/gGAb83sk

⏰ The deadline to submit a statement of interest for the 2025 CSBS Community Bank Case Study Competition is Feb. 5. Learn more and enter the competition at www.csbs.org/bankcasestudy. 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.

We are happy to announce that DFI Director Charlie Clark has been reappointed by Governor-elect Ferguson! The financial services market has changed significantly over the last decade. With new innovative financial products, DFI ensures that it’s regulation of financial service providers is keeping pace with changes in the marketplace. DFI’s staff of 236 currently licenses and regulates more than 300,000 individuals and entities, including banks, credit unions, mortgage loan originators, mortgage brokers, consumer loan companies, escrow agents, payday lenders, securities broker dealers, securities salespersons, investment advisers, and money transmitters. DFI’s mission is to protect consumers and advance the financial health of Washington State by providing fair regulation of financial services and educating consumers to make informed financial decisions. You can read the full press release on our website: https://lnkd.in/gppqeyzM   #washingtonstate #financialinstitutions