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NCUA

RIN: 3133-AE16

Publication ID: Fall 2013

Title: Minority Depository Institution Preservation Program
Abstract: NCUA is proposing an Interpretive Ruling and Policy Statement (IRPS) to establish a Minority Depository Institution Preservation Program that recognizes the importance of minority credit unions and the unique challenges they often face in serving their communities. To meet the mandate of Section 367 of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, the IRPS implements an outreach program designed to preserve and encourage minority ownership in the credit union industry. This IRPS also proposes a policy statement, definition of a minority credit union and the applicable minority groups, and types of technical assistance available. NCUA is awaiting public comments on the proposed IRPS.
Agency: National Credit Union Administration(NCUA)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: None (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: PL 111-203, sec 367(4)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	07/31/2013	78 FR 46374
NPRM Comment Period End	09/30/2013
Final Action	11/00/2013

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.ncua.gov/Legal/Regs/Pages/PropRegs.aspx
RIN Data Printed in the FR: No
Agency Contact: Tawana James Director, Office of Minority and Women Inclusion National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-1650 Fax:703 518-1648 Email: tjames@ncua.gov