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Federal Banking Regulatory Agencies Examination and Enforcement Authority

August 02, 2022

Financial institutions in the United States have a responsibility to establish and implement risk-based compliance programs to comply with laws and regulations. Federal agencies, including the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau (CFPB), and Financial Crimes Enforcement Network (FinCEN), have oversight authority to regulate banking activities at the federal level. This practice note informs practitioners' regulatory strategy and provides an overview of the federal banking authorities, examination, investigation, and enforcement powers.

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  • CFPB Examination Checklist
    Explore this checklist outlining the steps financial institutions or entities, regulated by the CFPB, should take to prepare for an examination or other investigation.

 

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