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

  1. Federal Register: Role of Supervisory Guidance

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