Simply Stated - A Podcast On All Things State Finance

Charlotte Corley shares her perspectives on her year as CSBS chair.

#2 - What's a Community Bank Leverage Ratio and Why Does it Matter? by Conference of State Bank Supervisors (CSBS)

All across the country, tens of thousands of non-bank financial companies are operating on a daily basis. Debt collection companies, money transmission companies, mortgage, and lending companies are engaging in TRILLIONS of dollars of transactions each year. And, despite the fact that there are now several federal regulatory agencies, states remain steadfast at the forefront of non-bank supervision.But with new technology comes unique obstacles. Many of these non-bank companies, embracing the role of the internet and emerging tech, have labeled themselves “fintech” companies, short for financial technology. And they’re oftentimes operating in several states simultaneously, issuing loans and transferring money to consumers all over the country.Today we explore ways states work together to handle the behemoth task of supervising America’s diverse financial system, how those same regulators try to engage with the regulated in a balanced, fair way and, using this one example from just last week, how those changes

Learn more at www.csbs.org/newsroom.