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.
Administrative remediesBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureGovernment information and archivesGovernment studies and investigationsJudicial review and appeals
Financial Institutions Examination Fairness and Reform Act
USA116th CongressS-2649| Senate
| Updated: 10/21/2019
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.
Administrative remediesBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureGovernment information and archivesGovernment studies and investigationsJudicial review and appeals