Ten Members of the House Financial Services Committee have introduced legislation that would establish an over-arching Ombudsman to investigate bank complaints about their examiners and to allow institutions to appeal final examination determinations to an independent administrative law judge. Notably, the bill would also change examination standards relating to commercial loans in nonaccrual and prevent regulators from requiring well-capitalized institutions to raise additional capital against modified commercial loans. While the legislation addresses community-bank complaints, it would apply to all insured depositories regardless of size.

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