The Department of Banking and Securities announced today that Secretary Robin L. Wiessmann has been elected as district chair and board member for the Conference of State Bank Supervisors (CSBS).
"In the midst of uncertainty and confusion surrounding federal regulatory efforts to protect consumers from financial frauds and unsuitable schemes, it is especially important that state regulators work to create a firm foundation of protections for their residents," said Governor Wolf. "I am pleased that Secretary Wiessmann has been recognized on an important national stage for her work, and look forward to Pennsylvania's voice on behalf of consumers being heard across the region and the country."
Wiessmann was elected chair of CSBS District 1, comprised of state regulators from Maine, New Hampshire, Vermont, Massachusetts, New York, Rhode Island, Connecticut, New Jersey, Delaware, Maryland, Washington D.C., West Virginia, and Puerto Rico. By virtue of election as one of five CSBS district chairs, Wiessmann will also serve as a member of the CSBS board of directors.
John Ryan, CSBS president and chief executive officer, praised the selection: "The district design is essential to making state regulation more effective, and they require the strong leadership that Secretary Wiessmann will provide. In these meetings, regulators from the same region come together, discuss critical issues, and determine courses of action, with impacts on the financial system, consumer protection, and supervisory practices. Federal regulators add an important component to these discussions."
CSBS is a Washington, DC-based association of state financial regulators from all 50 states, American Samoa, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands, which supervise state-chartered financial institutions and non-bank financial services providers, including mortgage lenders. For more information on CSBS visit www.csbs.org.
Anyone can contact the Department of Banking and Securities at 1-800-PA-BANKS or 1-800-600-0007 to ask questions or file complaints about financial transactions, companies, or products. Members of the public are also invited to connect to the department through Facebook and Twitter, or subscribing to the department's newsletter.
