Give Useful Information to Define Effective Compliance Act or the GUIDE Compliance Act This bill sets forth procedures for the issuance of guidance from the Consumer Financial Protection Bureau. Guidance includes written interpretive rules, bulletins, statements of policy, and other generally applicable authoritative documents that are not regulatory actions. The bureau must publish the types of guidance it will provide, the criteria used for selecting the type of guidance, the process for requests for guidance, the process for amending or revoking guidance, and guidelines for determining civil monetary penalties for a violation of consumer financial law.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresCivil actions and liabilityConsumer creditConsumer Financial Protection BureauGovernment information and archives
GUIDE Compliance Act
USA116th CongressS-4692| Senate
| Updated: 9/24/2020
Give Useful Information to Define Effective Compliance Act or the GUIDE Compliance Act This bill sets forth procedures for the issuance of guidance from the Consumer Financial Protection Bureau. Guidance includes written interpretive rules, bulletins, statements of policy, and other generally applicable authoritative documents that are not regulatory actions. The bureau must publish the types of guidance it will provide, the criteria used for selecting the type of guidance, the process for requests for guidance, the process for amending or revoking guidance, and guidelines for determining civil monetary penalties for a violation of consumer financial law.
Administrative law and regulatory proceduresCivil actions and liabilityConsumer creditConsumer Financial Protection BureauGovernment information and archives