Title: |
Policy on the Compliance Assistance Sandbox
|
Subject: | Compliance assistance sandbox |
Agency: | CFPB |
Status: | Final |
Summary: |
The Bureau of Consumer Financial Protection (Bureau) is issuing its final Policy on the Compliance Assistance Sandbox (Policy), which is intended to carry out certain of the Bureau’s authorities under Federal consumer financial law. On December 13, 2018, the Bureau proposed a Policy on No-Action Letters and the BCFP Product Sandbox (Proposed Policy). The Proposed Policy had two parts. The first concerned No-Action Letters exclusively. The resulting No-Action Letter Policy (NAL Policy) has been finalized and published elsewhere in this issue of the Federal Register. The second part concerned the Sandbox (Proposed Sandbox Policy). This document finalizes the Proposed Sandbox Policy as the Compliance Assistance Sandbox Policy (CAS Policy or Policy). It reflects adjustments to the Proposed Sandbox Policy that the Bureau is making in response to comments on that proposal. The differences between the Proposed Sandbox Policy and the CAS Policy are discussed in detail in section IV.
|
FR Doc: | 2019-19762 |
Date proposed: | |
Comments due date: |
|
Final rule effective date: | Applicable Sept. 10, 2019 |
Rule compliance date: | |
Agency release: |
|
Related Reg Report item(s): |