The Bureau Binds Itself to the Interagency Statement Clarifying the Role of Supervisory Guidance with New Rule
By EsqSocial Corporation 20/01/21
On January 19, 2021, The Consumer Financial Protection Bureau (“Bureau”) adopted a final rule that codifies the Interagency Statement Clarifying the Role of Supervisory Guidance, issued by the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and the Bureau (the “agencies”) on September 11, 2018 (“The September 2018 Statement” or “Statement”)....
By: Clark Hill PLC