H.R. 3937 · 115th Congress
Megabank Accountability and Consequences Act of 2017
- Stage
- In committee
- Sponsor
- Maxine Waters
- Introduced
- 2017-10-04
- Latest action
- 2017-10-04 · Introduced in House
Summary
Megabank Accountability and Consequences Act of 2017
This bill directs federal prudential banking agencies to review certain institutions for patterns or practices of (1) unsound banking practices, or (2) violations of federal consumer protection laws. Institutions found to demonstrate any such patterns or practices shall be subject to specified consequences, including the termination of their banking charters.