Chief of State Bank Regulators Wants Equality With US Agencies

Putting state bank regulators on a more equal footing with their federal counterparts is high on the agenda for Brandon Milhorn, the new president and CEO of the Conference of State Bank Supervisors.

Milhorn put that plan into action in one of his first tasks as chief of the group, where he came after stints at the Federal Deposit Insurance Corp., by filing an amicus brief with the US Supreme Court asserting the power of state regulators to enforce tougher standards on federally regulated national banks.

That case, Cantero v. Bank of America, will determine whether the National Bank ...