Appropriate Financial Regulator [Banks & Banking] Law & Legal Definition


Pursuant to 12 USCS § 5462 (1) [Title 12. Banks and Banking; Chapter 53. Wall Street Reform and Consumer Protection; Payment, Clearing, and Settlement Supervision], the term appropriate financial regulator means--

“(A) the primary financial regulatory agency, as defined in section 2 of this Act [12 USCS § 5301];

(B) the National Credit Union Administration, with respect to any insured credit union under the Federal Credit Union Act (12 U.S.C. 1751 et seq.); and

(C) the Board of Governors, with respect to organizations operating under section 25A of the Federal Reserve Act (12 U.S.C. 611), and any other financial institution engaged in a designated activity.”