Common use of Other Coordinated Activities Clause in Contracts

Other Coordinated Activities. 1. The Prudential Regulator and the CFPB points of contact also will provide each other with the maximum practicable prior notice of any Covered Supervisory Activity that is not scheduled as part of the annual scheduling of Covered Examinations of Covered Institutions. Such notice shall reflect the scope, estimated duration, and estimated staffing of the activity. 2. Consistent with the Objectives of this MOU, additional coordination may occur on a voluntary basis subject to mutually agreed protocols between a Prudential Regulator and the CFPB. 3. The CFPB and Prudential Regulators will coordinate in connection with examinations that relate to Covered Supervisory Activities of Covered Institutions’ Service providers, including consulting regarding: examination schedules; the availability and sharing of material supervisory information related to, and reports required from, such entities.