"I will love the light for it shows me the way, yet I will endure the darkness because it shows me the stars."

- Og Mandino

NMLS Modernization Phase One is Live!

The wait is over. NMLS Modernization Phase One is Live!

Enhancing NMLS means we are focused on solving many of the pain points that create challenges for today’s users throughout the licensing and/or registration process. Our incremental approach to making key system improvements will help ensure we deliver critical changes NMLS users need.

Listen to the podcast and watch the video to find out more and visit the NMLS Modernization page to stay up to date with upcoming NMLS enhancements.

Podcast: NMLS Modernization Phase One is Live - What's Changed and What Comes Next

Since the NMLS Annual Conference & Training in February, there’s been a lot of excitement around “NMLS Modernization.” CSBS launched several new features and changes in NMLS as a part of this modernization effort.

We sit down with Dave Dwyer, Senior Vice President of Business Services at CSBS, to learn about the changes available to NMLS users and what's to come as NMLS Modernization continues.

Video: NMLS Modernization Phase One is Live

NMLS Modernization is a multi-year effort to enhance NMLS and deliver an improved user experience for state regulators and industry professionals – those who rely on NMLS the most.

We're excited to announce the first release of system enhancements as a part of NMLS Modernization. This release sets the foundation for future major enhancements as part of the modernization effort.

Stay Informed on NMLS Modernization

We are continually adding information to the NMLS Modernization web page to keep you up to date with upcoming NMLS enhancements. Check out newly added FAQs about why we are enhancing NMLS and how regulator and industry users will benefit from system improvements.

American Banker - BankThink: Don't fall for the false promises of federal preemption

In an American Banker BankThink op-ed, CSBS President and CEO Brandon Milhorn talks about how the false promises of federal preemption would affect the vital role that states play in their local economies.

"Despite the demonstrated success of the dual banking system, there are periodic calls — often in
times of stress or challenge — for the federal government to take over more and more of the financial system. These proposals would inject a federal, one-size-fits-all approach to regulation 

and supervision over an even greater share of the financial services market, eliminating or greatly constraining the vital role that states play in their local economies. Do not let the siren song of federal uniformity lure you to the death of financial innovation," writes Milhorn.

Law360 - State Bank Supervisors' GC On Regulation 'Push And Pull'

CSBS General Counsel Margaret Liu sat down with Law360 to talk about her role as general counsel, CSBS's role in the dual-banking system, the Cantero case, FHFA, and more.

"Because financial regulation is not only state and it's not just only federal, it's a pretty intricate
network of regulators with different responsibilities. And you mentioned the dual banking system, which is the core of CSBS, who we are and what we do: advocating for and  

representing the dual banking system. That starts with the members' chartering of banks, and then we partner with the federal regulators to supervise that. Our members oversee, charter and regulate 79% of all the banks in the United States," said Liu. 

More Stories

FFIEC Publishes 2023 Data on Mortgage Lending

WASHINGTON, D.C. – The Federal Financial Institutions Examination Council (FFIEC) published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.

The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data are used by industry, consumer groups, regulators, and others to assess potential fair lending risks and for other regulatory and informational purposes. The data also help the public assess how financial institutions are serving the housing needs of their local communities and facilitate federal financial regulators’ fair lending, consumer compliance, and Community Reinvestment Act examinations.

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