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Advisory Opinion program

The Bureau’s Advisory Opinion program provides written guidance to assist regulated entities to better understand their legal and regulatory obligations through advisory opinions.

The Advisory Opinion program focuses primarily on clarifying ambiguities in the Bureau’s regulations, although advisory opinions may clarify statutory ambiguities. Parties may submit requests for advisory opinions regarding any issue under the Bureau’s purview that can be resolved through an interpretive rule.

Featured topic

On December 21, 2020, the Bureau issued an advisory opinion related to special purpose credit programs.

Purpose of the program

The Advisory Opinion program provides a mechanism through which the Bureau can more effectively carry out its statutory purposes and objectives by better enabling compliance in the face of regulatory and statutory uncertainty.

Policy and related documents

Final Advisory Opinions Policy

Advisory Opinion Letters

Special purpose credit programs – Dec. 21, 2020

Earned wage access – Nov. 30, 2020

Private education loans – Nov. 30, 2020

Submit a request for an advisory opinion

Submit your request for an advisory opinion to Requests will be accepted and reviewed on a rolling basis

Other reference materials

Pilot Advisory Opinions Program

Advisory Opinions Proposal