Title 12—Banks and Banking--Volume 1
PART 1074—RULEMAKING AND GUIDANCE
§ 1074.1   Date of issuance of Bureau rules.
A final Bureau of Consumer Financial Protection (Bureau) rule is deemed issued upon the earlier of the following:
(a) When the final rule is posted on the Bureau's Web site; or
(b) When the final rule is published in the Federal Register.
§ 1074.2   Purpose.
The Bureau issues regulations and guidance as part of its supervisory function. This subpart reiterates the distinctions between regulations and guidance, as stated in the Statement Clarifying the Role of Supervisory Guidance (appendix A to this part) (Statement), and provides that the Statement is binding on the Bureau.
§ 1074.3   Implementation of the Statement Clarifying the Role of Supervisory Guidance.
The Statement describes the official policy of the Bureau with respect to the use of supervisory guidance in the supervisory process. The Statement is binding on the Bureau.