CSBS Releases New Compliance Tools

Aug 21, 2019

The Conference of State Bank Supervisors (CSBS) is now offering three new online tools designed to help financial institutions deal with the state regulatory systems and ensure cybersecurity.

The tools include a portal of state agency guidance for nonbanks, an interactive map of agent-of-the-payee exemptions from money transmission laws, a cybersecurity 101 resource center that provides a non-technical guide and related information to assist banks and non-banks in developing cybersecurity programs. The new tools are part of the CSBS Vision 2020 initiative that aims to modernize non-bank licensing and supervision.

“As financial services develop technology to provide innovative products, state regulators are bringing new tools online to help industry ensure compliance and protect consumer data,” said John Ryan, CSBS president and chief executive officer.

About the author

Phil Hall

Link copied

Published

Aug 21, 2019

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...