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CFPB | RIN: 3170-AB02 | Publication ID: Spring 2020 |
Title: ●Role of Supervisory Guidance | |
Abstract:
The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Bureau expect to request public comment on a proposed rule to codify the Interagency Statement Clarifying the Role of Supervisory Guidance (Statement), issued by the agencies on September 11, 2018. The Statement reiterated well-established law by stating that, unlike a law or regulation, supervisory guidance does not have the force and effect of law. As such, supervisory guidance does not create binding legal obligations for the public. |
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Agency: Consumer Financial Protection Bureau(CFPB) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 1074 | |
Legal Authority: 12 U.S.C. 5492 and 5512 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: Undetermined | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: FRS, TREAS/OCC, FDIC, NCUA; | |
Agency Contact: Christopher Shelton Legal Division Consumer Financial Protection Bureau Washington, DC 20552 Phone:202 435-7700 |