12 CFR § 1074.2 - Purpose.

---
identifier: "/us/cfr/t12/s1074.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1074.2 - Purpose."
title_number: 12
title_name: "Banks and Banking"
section_number: "1074.2"
section_name: "Purpose."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1074"
part_name: "RULEMAKING AND GUIDANCE"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5492(a)(1), 5512(b)."
regulatory_source: "77 FR 76354, Dec. 28, 2012, unless otherwise noted."
cfr_part: "1074"
---


# 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.