Proposed Rule Clarifies Role of Supervisory Guidance for Financial Institutions
By EsqSocial Corporation 30/10/20
On October 20, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau (Agencies) jointly issued a notice of proposed rulemaking (Notice) that, if adopted, would codify the Interagency Statement Clarifying the Role of Supervisory Guidance previously issued by the Agencies on September 11, 2018 (2018 Statement or Statement)....
By: Troutman Pepper