The Bank Resilience and Regulatory Improvement Act makes several changes to how banks and credit unions are regulated and supervised. It raises key asset thresholds—from $10 billion to $50 billion—for triggering certain federal oversight requirements, including Consumer Financial Protection Bureau supervision, debit card fee rules, and specific capital and mortgage regulations, which would ease compliance burdens for many mid-sized banks. The bill also sets strict deadlines for regulators to process bank merger and acquisition applications, requires timelier bank examinations with mandatory exit interviews and faster reporting, and overhauls the appeals process banks can use to challenge supervisory decisions by creating an independent Office of Supervisory Appeals with defined panels, hearings, and judicial review rights. Additionally, it mandates a Federal Reserve review of stress testing methods and discount window lending operations, requiring new transparency rules, GAO oversight, and reports to Congress within specified timeframes ranging from 90 days to about a year. Overall, the legislation aims to reduce regulatory burdens on banks and credit unions, speed up decision-making by regulators, and increase accountability and transparency in bank oversight and failure-response processes.
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