The effective date for the FDIC's version of a joint rulemaking that codifies a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was set for April 1, 2021.
The joint final rule was adopted in conjunction with the OCC, Federal Reserve Board, National Credit Union Administration ("NCUA") and CFPB. The OCC and CFPB final rules have already been published in the Federal Register with an effective set for March 15, 2021; the FRB and NCUA have yet to publish their respective rule releases in the Federal Register.
Primary Sources
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
