News from the Wire

State regulators to hold public hearing on payments system issues

Tuesday, April 15, 2014 — 12:38:11 (EDT)

Washington, D.C., April 14, 2014 -- The Conference of State Bank Supervisors (CSBS), through its Emerging Payments Task Force, announces a public hearing on emerging payments issues.

The hearing, which will be open to the public and to media, is part of the Task Force's efforts to examine the changing payments landscape to understand the opportunities and risks of current and emerging technologies, products, and services that impact monetary, regulatory, and consumer decisions.

Please refer to the hearing notice for additional information, including how to submit a request to attend the hearing or to participate as a panelist.

Who: CSBS Emerging Payments Task Force

What: Public Hearing on Emerging Payments

When: Friday, May 16, 2014 9:00 am to 1:30 pm Central

Where: Hyatt Chicago Magnificent Mile 633 N. St. Clair Street Chicago, IL 60611

How: See the hearing notice.

Hearing Contact: Margaret Liu, Senior Vice President and Deputy General Counsel, mliu@csbs.org or 202.728.5749

About CSBS: The Conference of State Bank Supervisors (CSBS) is the nationwide organization of banking regulators from all 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. State banking regulators supervise nearly 5,200 state‐chartered financial institutions. Further, most state banking departments also regulate a variety of non-bank financial services providers, including mortgage lenders. For more than a century, CSBS has given state supervisors a national forum to coordinate supervision of their regulated entities and to develop regulatory policy. CSBS also provides training to state banking and financial regulators and represents its members before Congress and the federal financial regulatory agencies.

About the CSBS Emerging Payments Task Force: In February 2014, CSBS launched its Emerging Payments Task Force to take a comprehensive look at the changing payments landscape. The Task Force will seek to identify opportunities for a coordinated state approach to payments issues as well as promote compliance, security, and protection for consumers.

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Source: Company press release.