S.1499 - Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2017115th Congress (2017-2018)
|Sponsor:||Sen. Toomey, Pat [R-PA] (Introduced 06/29/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 06/29/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.1499 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (06/29/2017)
Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2017
This bill amends the Consumer Financial Protection Act of 2010 to raise the examination threshold that brings an insured depository institution or insured credit union within its supervisory purview from assets of $10 billion or more to assets of $50 billion or more.
The bill increases from assets of $10 billion or less to assets of $50 billion or less the size of an insured depository institution or insured credit union that is subject to the Act's reporting requirements.