Strengthening Oversight for the Financial Sector Act of 2026
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Summary
This bill amends the Federal Credit Union Act to modify regulatory and examination requirements for credit unions and their service providers, and grants the Director of the Federal Housing Finance Agency authority to regulate and examine service providers that perform activities for government-sponsored enterprises and Federal Home Loan Banks. The bill requires regulated entities to notify the Director within 30 days when they contract with service providers and subjects those providers to the same regulatory oversight as if the activity were performed in-house.
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