S.2237 - Financial Institutions Examination Fairness and Reform Act115th Congress (2017-2018)
|Sponsor:||Sen. Moran, Jerry [R-KS] (Introduced 12/14/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 12/14/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.2237 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (12/14/2017)
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.