Sec. 6. Additional amendments
335 words·~2 min read·
/bill/113/s/727/is/section-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 309 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4806 ) is amended— in subsection (a), by inserting after appropriate Federal banking agency the following: , the Bureau of Consumer Financial Protection, ; in subsection (b)— in paragraph (2), by striking the appellant from retaliation by agency examiners and inserting the insured depository institution or insured credit union from retaliation by an agency referred to in subsection
(a); by redesignating paragraphs
(1)and
(2)as subparagraphs
(A)and (B), respectively, and adjusting the margins accordingly; by striking In establishing and inserting the following: In establishing ; and by adding at the end the following: For purposes of this subsection and subsection (e), retaliation includes delaying consideration of, or withholding approval of, any request, notice, or application that otherwise would have been approved, but for the exercise of the institution’s or credit union’s rights under this section. ; and in subsection (e)(2)— in subparagraph (B), by striking and at the end; in subparagraph (C), by striking the period and inserting ; and ; and by adding at the end the following: ensure that appropriate safeguards exist for protecting the insured depository institution or insured credit union from retaliation by any agency referred to in subsection
(a)for exercising its rights under this subsection. . Section 18(x) of the Federal Deposit Insurance Act ( 12 U.S.C. 1828(x) ) is amended by inserting the Bureau of Consumer Financial Protection, before any Federal banking agency each place that term appears. Section 205(j) of the Federal Credit Union Act ( 12 U.S.C. 1785(j) ) is amended by inserting the Bureau of Consumer Financial Protection, before the Administration each place that term appears. The Federal Financial Institutions Examination Council Act of 1978 ( 12 U.S.C. 3301 et seq. ) is amended— in section 1003(1) ( 12 U.S.C. 3302(1) ), by striking the Office of Thrift Supervision, ; and in section 1005 ( 12 U.S.C. 3304 ), by striking One-fifth and inserting One-fourth .
Connectionstraces to 6
Citation graph
cites case law
Cites 6Cited by 0 across 0 sources