MI SB0748

Establishes the state bank regulatory fund within the Department of Treasury to receive and retain supervisory fees, penalties, fines, and appropriations for bank regulatory purposes.

Implements a tiered supervisory fee structure for banks based on total assets: 1/40 of 1% in 2016, increasing to 1/10 of 1% by 2020 and beyond, with a minimum annual fee of $1,000.

Expands examination authority to allow the director to examine service providers engaged by banks, affiliates, bank holding companies, and out-of-state bank branches; permits sharing of confidential examination documents with other regulatory agencies.

Authorizes the director to suspend or remove individuals charged with or convicted of felonies or misdemeanors involving fraud, dishonesty, or breach of trust from conducting institution affairs.

Adds guidance requirements for the director to issue examination standards within one year to promote consistency and due process, and prohibits enforcement action against banks for failing to follow informally suggested best practices.