Community Reinvestment Act Regulations

Document ID: OCC-2009-0010-0001
Document Type: Proposed Rule
Agency: Comptroller Of The Currency
Topics: No Topics associated with this document
Federal Register Number: E9-15204
CFR Citation: 12 CFR 25
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Details Information

Abstract:	The OCC, the Board, the FDIC, and the OTS (collectively, ``the Agencies'') are issuing this notice of proposed rulemaking that would revise our rules implementing the Community Reinvestment Act (CRA). The proposed rule would incorporate into our rules recently adopted statutory language that requires the Agencies, when assessing an institution's record of meeting community credit needs, to consider, as a factor, low-cost education loans provided by the financial institution to low-income borrowers. The proposal also would incorporate into our rules statutory language that allows the Agencies, when assessing an institution's record, to consider as a factor capital investment, loan participation, and other ventures undertaken by nonminority-owned and nonwomen-owned financial institutions in cooperation with minority- and women-owned financial institutions and low-income credit unions.
Document Subtype:	NPRM
Received Date:	June 30 2009, at 11:32 AM Eastern Daylight Time
Start-End Page:	31209 - 31217
Comment Start Date:	June 30 2009, at 12:00 AM Eastern Standard Time
Comment Due Date:	July 30 2009, at 11:59 PM Eastern Standard Time