The Conference of State Banking Supervisors (CSBS) submitted a comment letter reiterating its opposition to the Office of the Comptroller of the Currency (OCC) proposal to issue a special charter for fintech companies.
Today, the Conference of State Bank Supervisors (CSBS) Board of Directors announced Vision 2020, a series of initiatives to modernize state regulation of non-banks, including financial technology firms. Achieving this vision should result in a regulatory system that makes supervision more efficient and recognizes standards across state lines – actions that will better support start-ups…
CSBS wrote a comment letter to the OCC opposing their proposal for a federal fintech charter.
The Value of State Financial Regulation [PDF].
Seeks Industry Participation in Vision 2020 Initiative Washington, D.C. — The Conference of State Bank Supervisors (CSBS) is seeking representatives from the financial technology sector who wish to serve on a new advisory panel with state regulators. Beginning today, representatives can express their desire to serve on the CSBS Fintech Industry Advisory Panel by logging…
The CSBS Emerging Payments Task Force studies changes in payment systems to determine the potential impact on consumer protection, state law, and banks and non-bank entities chartered or licensed by the states.
The Nationwide Multistate Licensing System is an efficient, effective way at supervising non-bank financial companies.
Videos of CSBS’s hearing with stakeholders in the emerging payments space.