Fair Audits and Inspections for Regulators' Exams Act establishes an Office of Independent Examination Review within the Federal Financial.
The Fair Audits and Inspections for Regulators' Exams Act amends the Federal Financial Institutions Examination Council Act of 1978 to establish an Office of Independent Examination Review within the Council. This Office is tasked with conducting independent reviews of material supervisory determinations made by federal financial institutions regulatory agencies. Financial institutions can request these reviews within 30 days of receiving the final examination report.
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