3.0.0 2242 2023-01-11T13:26:34Z 2023-01-11T13:26:34Z Senate S S 2014-04-10 113 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2014-04-10T18:31:25Z 2014-04-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2014-04-10 Introduced in Senate IntroReferral 10000 9 Library of Congress C000542 Sen. Coats, Daniel [R-IN] DANIEL COATS R IN RAY N Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Consumer credit Financial services and investments Government information and archives Finance and Financial Sector 00 2014-04-10 Introduced in Senate 2014-07-01T19:32:45Z Community Financial Protection Act of 2014 - Amends the Consumer Financial Protection Act of 2010 to require the Director of the Consumer Financial Protection Bureau (CFPB) to request reports through the prudential regulator from a person that is either an insured depository institution or an insured credit union with total assets of $10 billion or less (persons).

Prohibits the Director from making such requests for an industry-wide report, or for a report pertaining to two or more such persons.

Requires the Director, as a prerequisite to making such request, to make a showing to the prudential regulator that publicly available information pertaining to such person(s) is insufficient for the purposes of either: (1) supporting the role of the CFPB in implementing federal consumer financial laws; (2) supporting examination activities of the CFPB; or (3) risk assessment and detection concerning consumers and consumer financial markets.

Authorizes the prudential regulator to deny any request for a report or information made by the Director with respect to such persons.

Requires the prudential regulator who fulfills the Director's request for a report to do so with reports that have been furnished to a federal or state agency (or are required to have been furnished to a federal or state agency.

Instructs the Director to accept existing reports in formats consistent with those submitted to the prudential regulator and federal and state agencies if the prudential regulator has determined that they provide the information requested.

]]> Community Financial Protection Act of 2014 Display Title Community Financial Protection Act of 2014 Official Title as Introduced A bill to establish the prudential regulator of community and independent depository institutions as the conduit and arbiter of all Federal financial oversight, examination, and reporting. Introduced in Senate IS Short Titles as Introduced Community Financial Protection Act of 2014 Introduced in Senate 2014-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2242is/xml/BILLS-113s2242is.xml 2014-04-10 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.