Sec. 6. Examinations, contracted services, and enforcement
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The Comptroller may make examinations of a registered covered provider with respect to the following: The nature of the operations and financial condition of the registered covered provider. The financial, operational, and other risks that may pose a threat to— the safety and soundness of the registered covered provider; or the stability of the financial system of the United States. The systems of the registered covered provider for monitoring and controlling the risks described in paragraph (2).
The compliance of the registered covered provider with the requirements of Federal consumer financial law (as defined in section 1002 of Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 )), including by— obtaining information about the activities and compliance systems or procedures of such provider; and detecting and assessing risks to consumers and to markets for consumer financial products and services (as defined in such section 1002). Whenever a registered covered provider relies on or contracts for any services or activities that are directly related to and are critical to the provision of payment services by the registered covered provider— the person that performs such services or activities shall be subject to regulation and supervision by the Comptroller to the same extent as if such services were being performed by the registered covered provider; and the registered covered provider shall notify the Comptroller of any relationship between the provider and the person that performs such services or activities not later than 30 days after the date which is the earlier of the date on which— such provider and such person enter into a contract for provision of such services or activities; or such person begins performance of such service or activity.
The Comptroller may enforce the requirements of sections 4 and 5 of this Act against a registered covered provider and take such actions against such provider as permitted under section 8 of the Federal Deposit Insurance Act ( 12 U.S.C. 1818 ), as if such provider was an insured depository institution.
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