Regulators Codify Interagency Statement on Supervisory Guidance
By EsqSocial Corporation 02/02/21
The OCC, FDIC, NCUA, and CFPB have issued final rules codifying the 2018 Interagency Statement governing the use of supervisory guidance, making the Statement binding on those agencies. The regulators’ final rules implement their proposal to do so, which was published in the fall of 2020, without any substantive changes. Although the proposal was issued jointly between the OCC, FDIC, NCUA, CFPB, and the Fed, the Fed has not yet issued a final rule implementing the proposal....
By: Weiner Brodsky Kider PC