Simply Stated - All Things Finance - Conference of State Bank Supervisors (CSBS)

Latest Episodes:

The Making of NMLS: 2 - Building the Supervision Coalition Aug 02, 2023

Show notes

In episode two, we start with an interview with then-CSBS President and CEO John Ryan. John shares the story behind when state regulators decided it was time to develop a nationwide licensing system. We determine exactly who had the idea first, the initial reaction of commissioners in 2003 and what ultimately led to embarking on the creation of NMLS.

About "The Making of NMLS" Series
The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).
In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.
Guests

Vickie Peck - Executive Vice President, Products & Solutions
Buz Gorman - Executive Vice President, General Counsel
John Ryan - Former CSBS President and CEO
Neil Milner - Former CSBS President and CEO
Bill Matthews - Former President and CEO of State Regulatory Registry LLC
Steve Antonakes - Former Massachusetts Commissioner of Banks; Former Deputy Director of the CFPB
Gavin Gee - Former Director of the Idaho Department of Finance; Former CSBS Chair
Joe Smith - Former North Carolina Commissioner of Banks
Tom Gronstal - Former Superintendent of Banking in Iowa
Darrin Domingue - Former Chief Examiner of the Louisiana Office of Financial Institutions

The Making of NMLS: 1 - A Rapidly Changing Mortgage Market Aug 02, 2023

Show notes

In episode one, we discuss the financial conditions in the early 2000s. Allegations of predatory lending, an increased number of applications of unqualified individuals to issue mortgages, and increasingly risky behavior in the mortgage market all caught the attention of state financial regulators. Seeing this growing trend, some regulators gathered at CSBS meetings in search of solutions.

Vickie Peck - Executive Vice President, Products & Solutions
Buz Gorman - Executive Vice President, General Counsel
John Ryan - Former CSBS President and CEO
Neil Milner - Former CSBS President and CEO
Bill Matthews - Former President and CEO of State Regulatory Registry LLC
Steve Antonakes - Former Massachusetts Commissioner of Banks; Former Deputy Director of the CFPB
Gavin Gee - Former Director of the Idaho Department of Finance; Former CSBS Chair
Joe Smith - Former North Carolina Commissioner of Banks
Tom Gronstal - Former Superintendent of Banking in Iowa
Darrin Domingue - Former Chief Examiner of the Louisiana Office of Financial Institutions

The Making of NMLS: Prologue - 15 Years of NMLS Aug 01, 2023

Show notes

In the prologue, we speak with Vickie Peck, Executive Vice President of Products & Solutions, to reflect on how licensing through NMLS has advanced over the past 15 years.
About "The Making of NMLS" Series
The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).
In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.
Guests

Vickie Peck - Executive Vice President, Products & Solutions
Buz Gorman - Executive Vice President, General Counsel
John Ryan - Former CSBS President and CEO
Neil Milner - Former CSBS President and CEO
Bill Matthews - Former President and CEO of State Regulatory Registry LLC
Steve Antonakes - Former Massachusetts Commissioner of Banks; Former Deputy Director of the CFPB
Gavin Gee - Former Director of the Idaho Department of Finance; Former CSBS Chair
Joe Smith - Former North Carolina Commissioner of Banks
Tom Gronstal - Former Superintendent of Banking in Iowa
Darrin Domingue - Former Chief Examiner of the Louisiana Office of Financial Institutions

The Money Transmission Modernization Act May 10, 2023

Show notes

The Model Money Transmission Modernization Act, also known as the Money Transmitter Model Law, is a single set of nationwide standards and requirements created by industry and state experts. We speak with two CSBS experts on money transmission to learn how this model law came to be, what it accomplishes and how it's being implemented nationwide.
Guests
Matt Lambert - Deputy General Counsel, Policy, CSBS
Camille Polson - Manager, Policy Development, CSBS

Community Banker Sentiment Dips to Lowest Level Since Tracking Began in 2019 Apr 12, 2023

Show notes

CSBS Chief Economist Tom Siems shares findings from the most recent CSBS Community Bank Sentiment Index, an index derived from quarterly polling of community bankers across the nation.
We discuss community bankers' lowest sentiment reading since the start of measurement and what is driving it. Plus, we explore what makes the Community Bank Sentiment Index unique compared to other indicators used by economists.

State Regulator Priorities in 2023 Feb 01, 2023

Show notes

State regulators have an important mandate that requires them to protect consumers, ensure the safety and soundness of their institutions and promote economic growth. Today we talk about the priorities of state regulators in 2023, focusing on legislation, state-federal partnerships and Networked Supervision.
Guests:
Jim Cooper - President and CEO, CSBS
Karen Lawson - Executive Vice President of Policy and Supervision, CSBS

Community Bankers Say the Recession is Already Here Jan 11, 2023

Show notes

CSBS Chief Economist Tom Siems shares the findings from the most recent CSBS Community Bank Sentiment Index, an index derived from quarterly polling of community bankers across the nation. We discuss community bankers' negative sentiment for the end of 2022 and their top concerns looking into the new year. Plus, we explore where community bankers think we are in the business cycle compared to the consensus of economists.

Common Cybersecurity Threats for Financial Institutions & Tools to Help Oct 18, 2022

Show notes

This week, we talk with CSBS Information Security Manager Richard Mensah about common cybersecurity threats to financial institutions, organizations designed to help combat cyber-threats, and tools state regulators have created for executive leaders to approach cybersecurity at their companies.

States of the Economy - June 2022 Jun 15, 2022

Show notes

"States of the Economy" is a monthly look at the economic picture across the country. In this episode CSBS Chief Economist Tom Siems and host Matt Longacre discuss what the latest inflation and jobs numbers, business confidence measures and more are telling us about the current trajectory of the U.S. economy.

Community Banks Adapting to the Digital Age May 05, 2022

Show notes

Community Banks Adapting to the Digital Age
Guests:

CSBS Chief Economist Thomas F. Siems
Federal Reserve Bank of St. Louis Supervision Policy, Research and Analysis Manager Meredith A. Covington
Temple University Professor of Finance and CSBS Adjunct Research Scholar Jonathan A. Scott

In this episode, we explore how community banks are adapting to a changing digital landscape by analyzing banking and technology questions from the 2021 CSBS National Survey of Community Banks.