Financial Institutions Examination Fairness and Reform Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Oct 21, 2019)
Financial Institutions Examination Fairness and Reform Act
This bill (1) sets deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and (2) establishes 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.
What just happenedOct 21, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateOct 21, 2019
- Oct 21, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Oct 21, 2019IntroReferral10000
Introduced in Senate