"Quality is not an act, it's a habit."

— Aristotle

CSBS Expresses Serious Concerns with Stablecoin Bills

State regulators call for changes to support innovation, stability, and predictability

Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today raised serious concerns about stablecoin legislation in a letter to House Financial Services Committee leadership. CSBS previously expressed similar concerns about the Senate stablecoin bill.

“Without the adoption of critical changes, the legislation will fall short of establishing the national framework necessary to promote American leadership in digital assets,” said CSBS President and CEO Brandon Milhorn. 

Bosken, Klyce Pennoyer, and Luetzow Appointed to FFIEC State Liaison Committee

The Federal Financial Institutions Examination Council (FFIEC) announced the appointments of Katherine M.R. Bosken, Polly Klyce Pennoyer, and Aaron Luetzow to the State Liaison Committee (SLC). Their two-year terms on the SLC begin today and continue through March 31, 2027.

The SLC is composed of five members and also includes:

• SLC Chair Charles G. Cooper, Commissioner, Texas Department of Banking, selected by the Council; and
• Greg Gonzales, Commissioner, Tennessee Department of Financial Institutions, selected by the Council.

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Consumer Finance Monitor Podcast: A Debate About The Need, If Any, For a Federal Charter for Non-Banks Engaged in the Payments Business

CSBS Deputy General Counsel Matt Lambert joined the Ballard Spahr Consumer Finance Monitor podcast in a conversation with Dan Awrey to discuss the pros and cons of federal chartering of nonbanks in the payments industry.

They discussed state money transmitter laws, recent federal proposals including the current stablecoin legislation, the future of nonbank payment regulation, and more.

Click here to listen to the full episode.

2025 Mortgage Policy Summit Registration is Open

Registration is open for the Mortgage Policy Summit. Join top leaders in mortgage finance and regulation at the 2025 Mortgage Policy Summit, hosted by CSBS and the American Association of Residential Mortgage Regulators (AARMR), on Tuesday, May 20, at the National Press Club in Washington, D.C.

This year’s theme, “From Policy to Practice – The Evolution of Mortgage Oversight,” will bring together regulatory leaders, policymakers, industry experts, and consumer advocates to discuss the most pressing issues in mortgage finance and regulation today.

Click here to view the agenda and to register.

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