Financial Institutions Examination Fairness and Reform Act

A bill to amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes.

Subjects

Finance and Financial Sector

Summary

Financial Institutions Examination Fairness and Reform Act

This bill amends the Federal Financial Institutions Examination Council Act of 1978 to:

set deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and
establish the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports.

The bill also requires the establishment of an independent internal agency appellate process at the Consumer Financial Protection Bureau (CFPB) for the review of supervisory determinations made at institutions supervised by the CFPB.

Full Text

Related Legislation

H.R. 6147Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
2018-09-07Message on Senate action sent to the House.
Related
H.R. 4545Financial Institutions Examination Fairness and Reform Act
2018-03-19Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related
H.R. 6746Protecting American Taxpayers and Homeowners Act of 2018
2018-09-07Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related

Legislative Actions

2017-12-14
Introduced in Senate
2017-12-14
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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