The Conference of State Bank Supervisors (CSBS) is the national organization of bank regulators from all 50 states, the District of Columbia, American Samoa, Guam, Puerto Rico and U.S. Virgin Islands. State regulators charter and supervise 79 percent of all U.S. banks and are the primary regulators of a range of nonbank financial services providers, including mortgage lenders, money transmitters and consumer lenders.
Founded in 1902 to further advance the ideas of professionalism of state banking departments, CSBS has evolved to facilitate a nationwide system of coordination among state and federal financial regulators. In 2006, CSBS launched the Nationwide Multistate Licensing System (NMLS), a regulatory platform for state-licensed mortgage orginators. NMLS has since expanded to include additional non-depository financial services industries as well as an online public database disclosing the licensing status of firms and individuals, including any state enforcement history.
CSBS has been an alliance partner in the FDIC’s Money Smart program since 2003. The program helps adults enhance their money management skills, understand basic financial services offered by the financial mainstream and build their financial confidence to use banking services effectively.