Definitions

In this Act: (1) Depository institution The term depository institution — (A) has the meaning given the term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813); and (B) includes an insured credit union. (2) Federal banking agency The term Federal banking agency — (A) has the meaning given the term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813); and (B) includes— (i) the National Credit Union Administration; and (ii) the Bureau of Consumer Financial Protection. (3) Insured credit union The term insured credit union has the meaning given the term in section 101 of the Federal Credit Union Act (12 U.S.C. 1752). (4) Reputational risk The term reputational risk means the potential that negative publicity or negative public opinion regarding an institution’s business practices, whether true or not, will cause a decline in confidence in the institution or a decline in the customer base, costly litigation, or revenue reductions or otherwise adversely impact the depository institution.