CSBS Will Oppose Any Federal Legislation That Preempts State Licensing and Supervisory Authority

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The Conference of State Bank Supervisors (CSBS) President and CEO, John Ryan, recently announced the CSBS’s legislative priorities for state regulators this year. They include opposing any federal legislation that preempts state licensing and/or supervisory authority over financial services, among others. According to Ryan, any such legislation should recognize the role of state regulators and their responsibility for markets and consumer protection. The goal is that CSBS’s legislative efforts will strengthen the system of state financial regulation to more effectively oversee state-chartered banks and state-licensed nonbanks.

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