Summary of Final Rule – CFPB Clarifies the Role of Supervisory Guidance for Institutions and Regulators
This tool summarizes the CFPB's final rule addressing the role and scope of supervisory guidance issued by administrative agencies. The following are key takeaways of the changes:
- The final rule adopts the proposed rule; and thereby, the 2018 Interagency Statement, entirely.
- The final rule is only binding on the CFPB and CFPB-regulated institutions.
- The final rule only addresses the scope and applicability of supervisory guidance and does not address standards of supervisory criticism or other documents issued by administrative agencies.
Members Can Download This Tool
Login to Download
Not Yet a Member?
Our members enjoy:
On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time
Research time saved daily & weekly across forms, checklists, and trainings — for every regulation
Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff
A sounding board for support and reassessment when institutional goals or the regulatory environment changes
Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions
The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations
Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.