A panel of federal regulators speaking at the Wolters Kluwer CRA & Fair Lending Colloquium in Las Vegas Monday said the Dodd-Frank overhaul of the U.S. financial system will change how they do business too. According to the Dodd-Frank Act, the Consumer Financial Protection Bureau will take over examination and primary enforcement authority for all banks with more than $10 billion in assets. This will pull supervision away from the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. Sandra Braunstein, director of the consumer and community affairs division at the Federal Reserve, said the CFPB, which will be up and running July 21, 2011, will take over this supervisory role for 20 of the 830 institutions under the Fed's umbrella. For the OCC, which will absorb the Office of Thrift Supervision under Dodd-Frank, 40 of its largest supervised banks will move to the CFPB. But Ann Jaedicke, deputy comptroller for compliance policy at the OCC, said new details of the law are still coming to light, even for them. "We have Dodd-Frank discovery moments," Jaedicke said, "and they still happen with some frequency. So, we hold discussions with attorneys asking what this means." The supervision of nearly 21 institutions will transfer from the FDIC to the OCC, but it leaves roughly 4,700 under its watch. With the transfer of supervisory and enforcement jurisdiction, Sandra Thompson, director of supervision and consumer protection at the FDIC, said all regulators will need to cooperate as efficiently as possible. "We have to work together and communicate," Thompson said. Write to Jon Prior