MS Dept. of Banking and Consumer Finance; delete repealer on authority to join certain exams with the Federal Reserve.

SB 2007 removes an expiration date (repealer) from Mississippi's law allowing the Department of Banking and Consumer Finance to conduct joint examinations of banks with the Federal Reserve. This change directly affects Mississippi state-chartered banks and bank holding companies with over $1 billion in assets, which must now undergo joint exams with the Federal Reserve instead of separate state examinations. The key provision deletes the sunset clause in Section 81-1-81, ensuring the joint examination authority remains in effect permanently. The bill does not create new requirements but removes a time limit on existing cooperative oversight. It takes effect July 1, 2026.