Remove FRB Remove Laws Remove NCUA
article thumbnail

Proposed Bill Would Reform Bank Exam Processes

Global Fintech & Digital Assets

The director may determine the merits of the appeal, or at the election of the financial institution, refer the appeal to an administrative law judge appointed by the FFIEC to conduct a hearing. In any hearing, neither the director nor the administrative law judge could defer to the opinions of the examiner or agency.

FFIEC 52
article thumbnail

The CFPB Found Unconstitutional…But …

PYMNTS

Their first stop was an Administrative Law judge – the one appointed by the CFPB Director — that found the PHH had violated the law. Circuit found that the CFPB adopted a new and flawed interpretation of a real-estate industry law and then wrongly applied that interpretation to their ruling. ” In their ruling, the D.C.

CFPB 60