An OCC, Federal Reserve Board, FDIC, National Credit Union Administration and CFPB rule proposal that would codify the 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was published in the Federal Register.
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The OCC, Federal Reserve Board, FDIC, National Credit Union Administration and CFPB adopted a rule codifying a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance.
A joint final rule by the banking regulators that codifies a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was published in the Federal Register. The OCC and CFPB published in the Federal Register their issuances of the rulemaking, to become effective on March 15, 2021.
In a report on the CFPB's 2018 reorganization of its fair lending activities, GAO found that the CFPB did not sufficiently incorporate key practices for monitoring the implementation and effects of the organizational changes.
The FDIC established a new Office of Supervisory Appeals to "consider and decide appeals of material supervisory determinations." The new Office replaces the Supervision Appeals Review Committee and is intended to enhance the independence of the appeals process and ensure accountability in the examination process.