Overview
What is Conference Of State Bank Supervisors?
The Conference of State Bank Supervisors (CSBS) is a prominent national organization representing banking and financial regulators from all 50 U.S. states and territories. With a mission to strengthen financial regulation for the benefit of consumers and communities, CSBS operates the Nationwide Multistate Licensing System and Registry (NMLS), which licenses and registers non-bank financial service providers. CSBS fosters collaboration and policy development, and offers professional development opportunities to its member agencies. Their regulatory jurisdiction covers various financial activities, including insured depository institutions like banks, credit unions, and thrifts, as well as non-bank financial services providers, such as mortgage lenders and brokers, consumer finance lenders, payday lenders, check cashers, and money services businesses. CSBS's NMLS platform has been instrumental in bringing regulatory efficiency and accountability to the mortgage industry and other non-bank financial services providers since its inception in 2008. The organization currently has 196 employees.
Official website here: www.csbs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Conference Of State Bank Supervisors has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization's overall score is based entirely on its Accountability & Finance metrics, where it scored a remarkable 96%, indicating robust fiscal management and transparency in operations.
Key strengths of the organization include its fully independent board of directors, as all 20 members are independent, which enhances governance and decision-making processes. The nonprofit excels in maintaining a high program expense ratio of 89.68%, demonstrating that the majority of its resources are directed towards its core mission rather than administrative costs.
Despite its strengths, the evaluation does not highlight any specific limitations, suggesting that the organization operates effectively within its framework. Overall, the Conference Of State Bank Supervisors stands out as a highly accountable and financially sound nonprofit, making it a trustworthy choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Conference Of State Bank Supervisors legitimate?
Conference Of State Bank Supervisors is a legitimate nonprofit organization registered as a 501(c)(3) entity. Conference Of State Bank Supervisors submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,320,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,614,187
For more financial information, click here
Official website here: www.csbs.org
What is the mission statement of Conference Of State Bank Supervisors?
The Conference of State Bank Supervisors (CSBS) serves as the national organization for state banking and financial regulators in the United States. Their primary role is to educate and inform policy makers, consumers, and stakeholders about issues affecting state banking and financial services markets. CSBS also operates the Nationwide Multi-State Licensing System and Registry (NMLS) to license and register nonbank financial service providers. CSBS supports its member agencies by providing a forum for collaborating and developing policies that strengthen financial regulation for the benefit of consumers and communities. They offer various professional development and training programs and provide assistance as members promote safety and soundness, consumer protection, and economic growth. CSBS fosters innovative, responsive supervision, regulating various financial activities including insured deposit institutions and nonbank financial services providers.
Official website here: www.csbs.org
Who is the CEO of Conference Of State Bank Supervisors?
Brandon Milhorn is the CEO of Conference Of State Bank Supervisors The CEO's salary of Conference Of State Bank Supervisors is $49,841 and their total compensation is $53,975.
Official website here: www.csbs.org
What is the revenue of Conference Of State Bank Supervisors?
Conference Of State Bank Supervisors's revenue in 2023 was $92,853,028.
Official website here: www.csbs.org
Who are the executives of Conference Of State Bank Supervisors and what are their salaries?
The average compensation at Conference Of State Bank Supervisors during 2023 was $145,491. There are 192 employees and 77 volunteers at Conference Of State Bank Supervisors.
Here are 35 key members and their salaries (Conference Of State Bank Supervisors's CEO's salary is $49,841 and their total compensation is $53,975):
- Compensation: $875,940
- Related: $70,075
- Other: $102,554
- Compensation: $329,030
- Related: $26,323
- Other: $283,075
- Compensation: $431,826
- Related: $34,546
- Other: $87,728
- Compensation: $396,264
- Related: $31,701
- Other: $88,319
- Compensation: $426,470
- Related: $0
- Other: $67,036
- Compensation: $357,846
- Related: $28,627
- Other: $84,451
- Compensation: $350,671
- Related: $28,054
- Other: $58,706
- Compensation: $330,834
- Related: $26,467
- Other: $74,229
- Compensation: $371,911
- Related: $0
- Other: $43,053
- Compensation: $307,647
- Related: $24,612
- Other: $69,671
- Compensation: $309,443
- Related: $24,755
- Other: $60,524
- Compensation: $49,841
- Related: $3,987
- Other: $147
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Official website here: www.csbs.org
Where can I find the form 990 for Conference Of State Bank Supervisors?
Conference Of State Bank Supervisors's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.csbs.org
Learn more at the official website: www.csbs.org
Mission Statement of Conference Of State Bank Supervisors
The Conference of State Bank Supervisors (CSBS) serves as the national organization for state banking and financial regulators in the United States. This esteemed body educates and informs policy makers, consumers, and other stakeholders about the issues impacting states' banking and financial services markets. CSBS advocates on behalf of state regulators, operating the Nationwide Multistate Licensing System and Registry (NMLS) to license and register nonbank financial service providers.
CSBS's mission is to foster a network of financial regulators across all 50 U.S. states and territories. The organization provides its member agencies with essential resources to strengthen financial regulation, ensuring the benefit of consumers and communities. CSBS offers a platform for collaboration and policy development, promoting safety and soundness, consumer protection, and economic growth. Additionally, the organization supports innovative, responsive supervision.
The state banking departments overseen by CSBS regulate various financial activities within their jurisdictions. These activities include insured depository institutions, such as banks, credit unions, and thrifts, as well as nonbank financial services providers, including mortgage lenders, mortgage brokers, consumer finance lenders, payday lenders, check cashes, and money services businesses (MSBs). By facilitating a strong regulatory environment, CSBS plays a crucial role in maintaining the stability and integrity of the financial sector.
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Impact
October, 2024
The Conference of State Bank Supervisors (CSBS) plays a crucial role in the oversight and regulation of the banking and financial services sectors across the United States. By serving as the national organization for state banking regulators, CSBS facilitates collaboration among these regulators, enhancing the effectiveness and consistency of financial regulations.
One of the significant impacts of CSBS is the operation of the Nationwide Multistate Licensing System and Registry (NMLS). This online platform streamlines the licensing and registration process for nonbank financial service providers, particularly in the mortgage industry. Introduced in 2008, the NMLS has established essential standards for mortgage loan originators, thereby improving consumer protection and reducing the potential for fraud. With nearly 700,000 users in 2022, including over 308,000 licensed entities, the NMLS has become a vital tool for regulatory efficiency.
CSBS directly supports state regulators in crafting policies that bolster financial regulation and promote safe and sound banking practices. These efforts foster consumer confidence and economic growth while adapting to the changing landscape of financial services. By engaging stakeholders and providing training and professional development opportunities, CSBS enhances the regulatory framework that governs various financial institutions, from banks and credit unions to mortgage brokers and payday lenders.
Moreover, CSBS addresses the evolving challenges of the financial sector by advocating for innovative and responsive supervision, which is essential in maintaining stability and trust within the marketplace. Overall, the impact of CSBS is profound as it strengthens the foundation of state-regulated financial services, ensuring that they operate effectively and with accountability to the public.
This information is meant to be a general summary of Conference Of State Bank Supervisors. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,663,089
- Program Service Revenue: $88,223,172
- Gross Receipts: $92,894,261
Assets and Liabilities:
- Total Assets: $226,593,162
- Total Liabilities: $50,175,459
- Net Assets: $176,417,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NMLS PROCESSING FEES
Revenue
$72,234,070
MLO TESTING/EDUCATION
Revenue
$9,043,412
MEMBERSHIP DUES/ASSESSMENTS
Revenue
$6,849,469
EVENTS/SUMMITS
Revenue
$96,221
Organization Details
Founding Year
1996
Principal Officer
Brandon Milhorn
Website
www.csbs.orgNTEE Category
Code: W19 - Public benefit
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