A recent bipartisan bill, if enacted, would particularly benefit small lenders and bank/fintech partnerships by promoting transparency, appellate rights and examiner accountability.
On Dec. 14, 2023, a bipartisan group of senators introduced the Fair Audits and Inspections for Regulators' Exams Act, or FAIR Exams Act, which seeks to increase transparency in the bank examination process.
Originally published by Law360 - February 12, 2024.
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