; or (B) any person would waive any privilege applicable to any information by submitting the information to the Agency, but for this subsection. . 602. FHFA Liaison Membership in Federal Financial Institutions Examination Council Section 1007 of the Federal Financial Institutions Examination Council Act of 1978 ( 12 U.S.C. 3306 ) is amended— (1) in the section heading, by inserting after state the following: and Federal Housing Finance Agency ; (2) in the first sentence, by inserting after financial institutions the following: , and one representative of the Federal Housing Finance Agency, ; and (3) in the last sentence, by inserting State after among the . 603. Recognition of FHFA enforcement authority with regard to regulated entities Section 1125(c) of the Financial Institution Reform, Recovery and Enforcement Act of 1989 ( 12 U.S.C. 3354(c) ; as added by section 1473(q) of the Dodd Frank Wall Street Reform and Consumer Protection Act) is amended— (1) in paragraph (1), by striking and at the end; (2) by redesignating paragraph (2) as paragraph (3); and (3) by inserting after paragraph (1) the following new paragraph: (2) with respect to any regulated entity (as such term is defined in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4502 )), the Federal Housing Finance Agency; and . 604. Exception from Right to Financial Privacy Act for FHFA as conservator or receiver Section 1113(o) of the Right to Financial Privacy Act of 1978 ( 12 U.S.C. 3413(o) ) is amended— (1) by striking (o) and inserting (o)(1)