HARRISBURG, PA — The Pennsylvania Department of Banking and Securities (DoBS) has reaffirmed its position as a national leader in financial regulation by receiving reaccreditations from three prominent oversight organizations. The Conference of State Bank Supervisors (CSBS), the American Association of Residential Mortgage Regulators (AARMR), and the National Association of State Credit Union Supervisors (NASCUS) have once again acknowledged the department’s adherence to the highest regulatory standards.
The reaccreditation process involved an exhaustive peer-review conducted by industry experts. This evaluation scrutinized the department’s operations across key areas, including administration, finance, personnel, training, and oversight of legislative powers. Such rigorous assessments ensure Pennsylvania’s financial regulatory body remains effective and continuously refined.
“The Pennsylvania Department of Banking and Securities is honored to receive reaccreditation from CSBS, AARMR, and NASCUS,” said Secretary Wendy Spicher. “This recognition is a testament to the dedication and expertise of our professional staff in upholding the highest standards of regulatory and supervisory excellence.”
With this accomplishment, DoBS reinforces its long-standing reputation for excellence. It has been accredited by CSBS since 1986, NASCUS since 2001, and AARMR since 2009. This year also marked the second collaborative review by these organizations, highlighting the department’s ability to maintain exemplary standards through a coordinated and thorough approach.
These reaccreditations reaffirm the department’s vital role in overseeing banks, credit unions, trust companies, and mortgage licensees, ensuring robust financial regulation that Pennsylvania residents can trust.
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