News Topic: CSBS

Nearly half the nation's state regulators have agreed to a new multistate licensing business for money servicers, including fintechs. ... Read full article

A recent court decision allowing New York’s financial regulator to proceed in a case meant to block the Office of the Comptroller of the Currency from offering fintechs a new federal banking charter is having a chilling effect on potential applicants. ... Read full article

The Conference of State Bank Supervisors urged Sens. Mike Crapo and Sherrod Brown to establish a baseline for consumer protection in data privacy and security that would leave room for stricter state rules. ... Read full article

A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision. ... Read full article

The agency is exploring how to reopen small-dollar lending options for banks, but consumer groups are urging the agency to maintain pricing limits and other controls. ... Read full article

The agency refuted claims by the Conference of State Bank Supervisors that the OCC was overstepping its authority. ... Read full article

State regulators have once again sued the OCC, arguing it lacks legal authority to offer a federal fintech banking charter. ... Read full article

Federal and state regulators are at odds over the Office of the Comptroller of the Currency’s new licensing program, but there are ways to improve current law to appease both sides. ... Read full article

Craig Phillips, a counselor to Treasury Secretary Steven Mnuchin, said the department is not trying to undermine the role of state regulation of fintechs. ... Read full article

The Community Bank Sentiment Index, an outgrowth of a yearly survey conducted by the Conference of State Bank Supervisors, is intended to bring attention to market conditions and how they affect small banks' growth prospects. ... Read full article

The economy could “positively slow down in mid-2019” and consumer debt levels are a huge concern, but technology and lessons learned from the crisis could still create opportunity for small banks, says Beneficial’s Gerry Cuddy ahead of a big speech on ... Read full article

State regulators and advocacy groups say a federal breach notification standard could supersede state laws that already benefit consumers. ... Read full article

The comptroller of the currency argues that special-purpose fintech charters will benefit consumers and businesses, despite opposition. ... Read full article

State regulators said Wednesday they will refile a lawsuit against the OCC, attempting to block the agency's new federal bank charter for fintechs. ... Read full article

The Dodd-Frank Act requires that one of the five nonvoting members of the Financial Stability Oversight Council be a state banking supervisor. ... Read full article

Although it’s required to by law, the Federal Deposit Insurance Corp. has not had an independent director with state bank supervisory experience since 2012. It’s time for that to change. ... Read full article

The state became the first in the country to ask federal regulators for a temporary waiver, citing a shortage of available appraisers. ... Read full article

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy. ... Read full article