Regulatory AlertsCA 16-8: Uniform Interagency Consumer Compliance Rating System
The Board of Governors of the Federal Reserve System issued this guidance to apply the updated Uniform Interagency Consumer Compliance Rating System to all institutions it supervises. Federal Reserve examiners must use this new framework for all consumer compliance examinations beginning on or after March 31, 2017. The revised system emphasizes compliance management systems and utilizes a five-point scale to evaluate institutional adherence to consumer protection laws without imposing additional regulatory burdens.
Share