S.2649 - Financial Institutions Examination Fairness and Reform Act116th Congress (2019-2020) |
|Sponsor:||Sen. Moran, Jerry [R-KS] (Introduced 10/21/2019)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 10/21/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.2649 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (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.