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CFPB RIN: 3170-AB02 Publication ID: Spring 2021 
Title: Role of Supervisory Guidance 
Abstract:

The Bureau issued a final rule that codified, with amendments, the Interagency Statement Clarifying the Role of Supervisory Guidance (Statement), issued by the Bureau and other 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: Completed Actions 
Major: No  Unfunded Mandates: No 
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  11/05/2020  85 FR 70512   
NPRM Comment Period End  01/04/2021 
Final Rule  02/12/2021  86 FR 9261   
Final Rule Effective  03/15/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.consumerfinance.gov/rules-policy/final-rules/role-of-supervisory-guidance/  
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