The Making of NMLS: 2 - Building the Supervision Coalition
Simply Stated - All Things Finance
English - August 02, 2023 06:00 - 21 minutes - 14.8 MB - ★★★★ - 7 ratingsGovernment finance banking supervision regulation fintech mortgage money transmission Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In episode two, we start with an interview with then-CSBS President and CEO John Ryan. John shares the story behind when state regulators decided it was time to develop a nationwide licensing system. We determine exactly who had the idea first, the initial reaction of commissioners in 2003 and what ultimately led to embarking on the creation of NMLS.
About "The Making of NMLS" Series
The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).
In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.
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