Conference of State Bank Supervisors (CSBS)

The CSBS Annual Community Bank Survey provides insights from community bankers with assets under $10 billion on critical topics such as key risks, compliance costs, and technology. This year, 370 community bankers from 38 states shared their perspectives, highlighting that regulatory burden has become their top concern. Read more about the 2024 survey results: https://lnkd.in/edbbff_g

Did you know the Georgia Aquarium is one of the world’s largest aquariums with over 10 million gallons of water in more than 100 habitats? Register for the 2025 NMLS Annual Conference & Training and get up close to the animals by purchasing our Aquarium Add-On. Only 61 add-on tickets remain! Visit www.nmlsconference.org to register.

Your bank will never ask you to help with an “investigation” or ask you to move money to other accounts. It sounds obvious, but these criminals are convincing. See what else your bank will never do: https://aba.social/3lwvdMD #BanksNeverAskThat

CSBS continues the Networked Supervision Champion blog series featuring staff across the state financial system who are going above and beyond to empower the multistate network for better supervision and industry compliance. Today we recognize Networked Supervision Champion, Anya Tabb, Financial Examiner Supervisor with the Washington State Department of Financial Institutions. Read more about Anya Tabb’s outstanding work: https://lnkd.in/etM4j4tS

The Nationwide Multistate Licensing System (NMLS) has a new login process that requires users to update their username and password and establish account recovery details. State regulators encourage licensees to complete this process before Nov. 1. “We’ve made some improvements this year to the login process based on user feedback,” said Erin Van Engelen, chair of the NMLS Policy Committee and Consumer Finance Bureau Chief of the Idaho Department of Finance. "As part of those improvements, we’re asking users to update their NMLS credentials before Nov. 1 so that they don’t encounter login challenges during the renewal period.” Read more about NMLS annual renewals and tips on how to prepare for your license renewal: https://lnkd.in/dDiyjP-w

The FDIC should refrain from adopting a final rule based on its unilateral Change in Bank Control Act proposal, CSBS said in a comment letter. The proposal could make it more difficult for state nonmember banks with a parent holding company to access capital by creating unnecessary regulatory redundancies and uncertainties for active investors, passive investors, and their banking organization targets. Read more: https://lnkd.in/eSF7gvnC

CSBS completed phase one of NMLS modernization enhancements on July 20. Two key enhancements included introducing a new login experience and the ability for NMLS users with more than one NMLS account to access all their accounts using their new, single login. With these enhancements, CSBS set goals to track and achieve user change or “adoption” of the system changes. Learn more about NMLS Modernization Phase One progress: https://lnkd.in/eX8kj27M

Check out the agenda for the 2025 NMLS Annual Conference & Training, Feb. 11 - 14 in Atlanta to see a list of dynamic sessions you don’t want to miss: https://cvent.me/k9VOVz Visit www.nmlsconference.org to register & get the early bird discount rate of $1,395 – a $200 savings.

At 110, the Community Bank Sentiment Index (CBSI) bursts into positive sentiment territory after being below the neutral level of 100 since the end of 2021. Community bankers are the most optimistic they have been since mid-2021, although some concerns persist. Read CSBS Chief Economist Thomas Siems’ analysis of the third quarter 2024 CBSI findings in his latest blog post: https://lnkd.in/ejksX62f

CSBS, partnering with the U.S. Secret Service and the Bankers Electronic Crimes Task Force today issued an updated ransomware self-assessment tool to help nonbank financial institutions assess their efforts to mitigate risks associated with ransomware and identify security gaps. “The R-SAT will help financial institutions understand their risks, invest in targeted system improvements, and execute a timely response and recovery in case of attack,” said CSBS President and CEO Brandon Milhorn. Learn more: https://lnkd.in/dcxYScFx