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

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#23 - SFSF 2020 - Supervising in a World of Accelerated Change May 16, 2020

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Today, I’d like to focus on a group undergoing a tremendous amount of change, both because of COVID-19 and in spite of it: financial regulators. Next week, state and federal regulators will meet as they do every year, albeit digitally, at the State-Federal Supervisory Forum. The forum provides an opportunity for regulators to connect, learn, and find new ways to collaborate with one another.

#22 - Protecting Paychecks - An Unprecedented Program from Four Perspectives May 12, 2020

Show notes

What happens when you put $669 billion of grants and loans into the financial system all at once? An expert talks about how the program is intended to work and changes over time. In a rush against the clock, a small business owner tries to get a loan for herself and for a minority-owned business client. An expert on community banks explains how they fit into the program.

COVID-19 Financial System Update - April 28 Apr 28, 2020

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CSBS COVID-19 Resource Page: www.csbs.org/information-covid-19-coronavirusShow notes: www.csbs.org/covid-pod9Twenty-six million have applied for unemployment since the start of the COVID-19 Pandemic. We look at state-level data to figure out where the nation has been hardest-hit.Broad consensus now exists among legislators, state regulators and the industry about what needs to happen to help prevent a mortgage financing crisis. Has there been any progress? Is there any reason this can’t happen?And, a reminder to consumers: State regulators have noted an increased number of scams targeting mortgage loans. We’ve got the advice and resources you need to help protect yourself.

COVID-19 Financial System Update - April 17 Apr 17, 2020

Show notes

CSBS COVID-19 Resource Page: www.csbs.org/information-covid-19-coronavirusShow notes: www.csbs.org/covid-pod8First it was their regulators, then it was the industry themselves, and now it is members of Congress: there’s increasing agreement that something needs to be done to help mortgage servicers while a record number of unemployed are seeking mortgage forbearance. America is now at 22 million unemployment claims in four weeks. We talk about the new jobless claims and how community banks play a role in understanding the economy. And, a reminder to consumers to watch out for common scams as they receive their stimulus checks.It’s Friday, April 17, this is Matt Longacre, and here’s the latest as of 11 a.m. Eastern:

#21 - COVID-19 and Community Bankers: A Data-Driven Dialogue Between Banker and Regulator Apr 12, 2020

Show notes

COVID-19 Consumer Resources Page: https://www.csbs.org/covid-19-consumer-resourcesCOVID-19 Info Page: https://www.csbs.org/information-covid-19-coronavirusYou don’t need me to tell you what the economic data is saying right now. All over the country, businesses are closed, workers are being furloughed or laid off, and businesses and consumers alike are looking at what they have saved and trying to figure out how much longer they can go in lockdown.I want to focus on the local economic aspect of the pandemic today as seen through the lens of the primary lenders to small businesses and rural and suburban communities. What are community bankers saying about their local economies and future business activity? What are they telling their regulators? And what do the regulators have to say back?I’m Matt Longacre, and this is Simply Stated

COVID-19 Financial System Update - April 9 Apr 09, 2020

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CSBS COVID-19 Resource Page: https://www.csbs.org/information-covid-19-coronavirusShow notes: https://www.csbs.org/covid-pod7Another week, another concerning round of economic data. We talk about the new jobless claims, what community bankers are seeing on the ground, and how state regulators are working to help bankers and their customers. There’s plenty of new announcements and initiatives ongoing to help mortgage servicers. But will it be enough to keep the industry afloat? And CSBS has put together some resources for consumers trying to navigate this trying time.It’s Thursday, April 9, this is Matt Longacre, and here’s the latest as of 1 PM Eastern

COVID-19 Financial System Update, Consumer Resource Edition - April 3 Apr 03, 2020

Show notes

Read the show notes in full: www.csbs.org/covid-pod5CSBS COVID-19 Consumer Resource Page: https://www.csbs.org/covid-19-consumer-resourcesYou already know about the troubling economic numbers coming out. We break down how this looks from state to state. The results of the Community Bank Sentiment Index arrived today, and the numbers are, as expected, way down. We’ll explain how community bankers provide a perspective job numbers cannot and how the sentiment of community bankers declined each week. After that, we focus consumer resources: as you prepare to collect payment from the federal government, as you look out for increased unemployment checks, and as you consider loans or financial products to help you get through these unprecedented times, we’ve got resources to help you avoid getting scammed.It’s Thursday, April 2, and here’s the latest as of 2 PM Eastern.

COVID-19 Financial System Update - March 30 Mar 30, 2020

Show notes

Full show notes: www.csbs.org/covid-pod4CSBS COVID-19 Resource Page: www.csbs.org/information-covid-19-coronavirusCalls are growing for the Federal Reserve to provide safeguards for mortgage servicers as the industry is left out of the $2 trillion rescue package. Guidance from state regulators for industries, bankers and consumers continues. Washington State develops guidelines to keep the mortgage and real estate industries operating while enforcing strong health standards. As the $2 Trillion CARES Act becomes law, we have some tools to help consumers watch out for scams. Good afternoon, and welcome to the COVID-19 Financial System Update. It’s March 30, and here are the news updates as of 4 p.m. Eastern Time.

COVID-19 Financial System Update - March 27 Mar 27, 2020

Show notes

Shownotes: www.csbs.org/covid-pod3CSBS COVID-19 Resource Page: https://www.csbs.org/information-covid-19-coronavirusRegulators alert Congress about an overlooked impact of COVID-19 on mortgage loan servicers. As states work to provide guidance to consumers and institutions, California strikes a major agreement with its banks to help their community. Fed Chair Jerome Powell goes on ABC Morning News. And, CSBS provides state-level data into just how much the unemployment rate has changed so far in March.Good afternoon, and welcome to the COVID-19 Financial System Update. It’s March 27, and here are the news updates as of 2 p.m. Eastern Time.

COVID-19 Financial System Update, March 25 Mar 25, 2020

Show notes

Follow all updates on COVID-19 Financial Services here: https://www.csbs.org/information-covid-19-coronavirusRead the shownotes in full here: https://www.csbs.org/covid-pod2Good afternoon, and welcome to the COVID-19 Financial System Update. During the ongoing pandemic, news is happening at a rapid pace. And we at Simply Stated realize that you might miss something important. So we will be sharing the most recent financial stories, regulations, guidance and more surrounding the pandemic. Each news item shared here will be available in a single link, available in shownotes of today’s podcast and from the homepage of CSBS.org.

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