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Home » Store » News » Supervisory Guidance Will Not Lead To Enforcement, Agencies Say

Supervisory Guidance Will Not Lead To Enforcement, Agencies Say

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The CFPB, together with four other federal agencies, last week affirmed it will not take enforcement action based on supervisory guidance. The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corp., National Credit Union Administration, Office of the Comptroller of the Currency and the CFPB said supervisory guidance does not have the force and effect of law and cannot lead to enforcement actions. “Examiners will not criticize a supervised ...
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