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Comments due on proposed interagency rule outlining and confirming the agencies' use of supervisory guidance

01/04/2021
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In a joint press release, the OCC, Federal Reserve Board, FDIC, NCUA, and CFPB have invited public comment on a proposed rule outlining and confirming the agencies' use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in September 2018 by the agencies to clarify the differences between regulations and guidance.

Comments on the proposal will be accepted for 60 days following its publication in the Federal Register.

PUBLICATION AND COMMENT PERIOD UPDATE: Scheduled for publication on November 5, 2020, with comments due by January 4, 2021.

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