CSBS announces executive changes

The Conference of State Bank Supervisors promoted Margaret Liu to general counsel and hired Leonard Chanin as chief counsel to the president.

Liu joined CSBS in 2009. She has since led legislative advocacy and served as deputy general counsel. Liu served as the lead strategist in CSBS’s lawsuit against the OCC’s fintech charter and played a significant role in shaping the Dodd-Frank bill as CSBS legislative lead in 2010.  

CEO Brandon Milhorn said Liu is “highly regarded in Washington and throughout the state system for her thought leadership, her deep knowledge of the regulatory environment and tremendous legal and policy expertise.” 

Chanin was most recently deputy general counsel and senior vice president at Discover Financial Services. Before that, he was a senior adviser to Federal Reserve Gov. Michelle Bowman.   

“Leonard’s extensive financial services experience will be a tremendous asset to CSBS and the state system,” Milhorn said. “His understanding of consumer protection laws and regulations and innovation policy will be particularly important as the state-regulated nonbank financial services ecosystem continues to evolve.”