RegFi Podcast Navigating Multistate Licensing and Supervision in a Digital Era
13 snips
Apr 30, 2025 AI Snips
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Transcript
Episode notes
CSBS's Expanding Role
- CSBS has grown from a voice for state banks to a key regulator for non-bank fintech and mortgage services.
- Non-bank mortgage activity has increased post-crisis, making CSBS and NMLS crucial regulators today.
Resource Allocation In State Exams
- States face resource constraints and must prioritize risk-based supervision to allocate staff effectively.
- Coordination via joint exams and adopting other states' findings can improve efficiency under tight budgets.
Technology Improves Supervision
- Automation and AI have potential to improve exam consistency and efficiency at states.
- Maryland’s shift to a national exam protocol led to statistically better and more consistent supervisory outcomes.