summary
Introduced
12/14/2017
12/14/2017
In Committee
12/14/2017
12/14/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill 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.
AI Summary
This bill amends the Federal Financial Institutions Examination Council Act of 1978 to set deadlines for providing final examination reports and exit interviews to financial institutions by federal financial regulatory agencies. It also establishes the Office of Independent Examination Review to handle appeals and investigate complaints from financial institutions regarding examination reports. Additionally, the bill requires the Consumer Financial Protection Bureau (CFPB) to establish an independent internal agency appellate process for reviewing supervisory determinations made at institutions it supervises.
Committee Categories
Housing and Urban Affairs
Sponsors (5)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 12/14/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/2237/all-info |
| BillText | https://www.congress.gov/115/bills/s2237/BILLS-115s2237is.pdf |
| Bill | https://www.congress.gov/115/bills/s2237/BILLS-115s2237is.pdf.pdf |
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