DataPalooza 2021

Member Sponsors for the Networked Priorities (updated 11/2/21) Member Sponsors have been identified for Network Supervision priorities who serve as an advocate or “change champion” for the initiatives. This role actively communicates, supports and actively advocates for adoption of initiatives into their own and other agencies. They also partner directly with internal CSBS change teams and sponsors to lead and enable the achieve the results.

Networked Priority

Member Sponsors

CSBS Change Practitioner

There will be a “One Company One Exam” for 75 MSB firms conducted and/or accepted by all states that regulate MSBs.

Kevin Hagler

Melissa Puccinelli

All states with licensing authority over money service businesses will adopt the Multi-State MSB Licensing Agreement. *

Charlie Clark

Jeff DeArment

Albert Forkner – NMLS

Jeff DeArment

CSBS will build a modernized NMLS to one standard that implements the MSB Model Law and Multistate MSB Licensing Agreement. States will adopt operational and legal standards based on the MSB Model Law and Multistate MSB Licensing Agreement to participate in the modernized NMLS.

TBD - MSB Model Law

Melissa Puccinelli

CSBS will form an industry advisory group of MSB companies. – this is currently done. Its Just Lunch occurred in 2021, unless work needed in 2022

Bret Afdahl

Margaret Liu

State regulators will pilot “One Company One Exam” for a mortgage company to reduce regulatory burden and create new efficiencies.

Melanie Hall

Janine Bjorn

State regulators will finalize and approve model regulatory prudential standards for nonbank mortgage servicers.

Charlie Clark

Janine Bjorn

Cyber-risk examinations will be coordinated for nonbank entities to ease regulatory burden, provide more consistency, and enhance effectiveness.

Tom Fite

Mike Bray

Participate in a community of large bank examiners to benefit from a more horizontal perspective regarding current practices and trends at large banks.

Lise Kruse

Joey Samowitz

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