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    Pennsylvania Department of Banking and Securities Achieves Triple National Reaccreditation for Regulatory Excellence and Industry Leadership

    January 14, 2025

    DoBS is recognized for meeting the highest standards of regulatory and supervisory excellence in the oversight of financial institutions across the Commonwealth.

    Harrisburg, PA – Today, Pennsylvania Department of Banking and Securities (DoBS) Secretary Wendy Spicher announced that the department has once again proven its commitment to regulatory excellence by successfully receiving reaccreditations from three leading 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). These reaccreditations certify that DoBS continues to uphold the highest standards in regulating and supervising banks, credit unions, trust companies, and mortgage licensees.

    “The Pennsylvania Department of Banking and Securities is honored to receive reaccreditation from CSBS, AARMR, and NASCUS,” said Secretary 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. Each accreditation program involves a thorough review of our operations, ensuring our practices are rigorous, effective, and continuously improving to meet our regulatory responsibilities.”

    The reaccreditation process included an independent peer review by industry experts and continuous monitoring to ensure DoBS remains a national leader in financial regulation. These reviews encompass every aspect of the department’s operations, including administration, finance, personnel, training, examination, supervision, and legislative powers. This year marks the second time the three organizations conducted a joint review of DoBS, underscoring the department’s collaborative approach to maintaining excellence.

    DoBS has long been recognized as an industry leader, holding accreditation from CSBS since 1986, NASCUS since 2001, and AARMR since 2009.

    The Pennsylvania Department of Banking and Securities regulates financial services entities and works to ensure consumers and businesses are informed about the industry. For more updates, news, and tips, follow DoBS on Facebook, X, LinkedIn, or subscribe to the department’s newsletter. 

    MEDIA CONTACT: Joan Z. Nissley, jnissley@pa.gov

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