Fair Audits and Inspections for Regulators' Exams Act
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
The bill would change the Federal Financial Institutions Examination Council Act of 1978 to require that audits and inspections of examinations be conducted fairly. It would apply to banks, credit unions and other regulated financial institutions as well as the agencies that examine them. The aim is to improve transparency and consistency in supervisory reviews.
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