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Is it legal for Banking Guidelines to be considered actual law by Regulators? No.

The Bank Policy Institute and American Bankers Association has filed a petition asking the Trump administration to write a rule stating that bank examiners won’t punish firms for violating informal voluntary policies known as “guidance.”  The petition is a gambit in a yearlong fight over guidance documents used by regulators to punish or threaten to punish banks.  An FDIC spokesman confirmed that “ supervisory guidance does not have the force or effect of law.”  If you have any additional questions, please feel free to reach out, and for more details on this petition, please review the following article.