Improving communication with de novo regulated institutions

(a) In general Each of the Federal financial institutions regulatory agencies shall, at the request of an applicant to become a de novo regulated institution, designate an employee of the agency as a caseworker, who may perform such duty in addition to the other duties of the employee. (b) Caseworker duties Each caseworker described in subsection (a) shall, to the maximum extent practicable— (1) meet with the lead organizers applying to become a de novo regulated institution to provide a tutorial with respect to the application process; and (2) be the primary point of contact of the respective Federal financial institutions regulatory agency for such organizers during the application process. (c) New caseworker Each agency described in subsection (a) may designate a new caseworker, as appropriate, to support continuity based on staffing and responsibilities assigned to the current caseworker.