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CFPB RIN: 3170-AB02 Publication ID: Fall 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.

 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously 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
Timetable:
Action Date FR Cite
Interagency Statement  09/11/2018 
NPRM  11/00/2020 
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