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| TREAS/OTS | RIN: 1550-AC35 | Publication ID: Fall 2010 |
| Title: Community Reinvestment Act Regulations | |
| Abstract: OTS, together with the OCC, Federal Reserve, and FDIC issued a proposed rule to implement an amendment made to CRA by the Higher Education Opportunity Act. The amendment requires the Agencies to consider as a factor in CRA evaluations low-cost education loans provided by an institution to low-income borrowers and to issue an implementing rule by August 14, 2009. The Agencies also proposed to codify in the rule existing question and answer guidance on considering as a factor capital investment, loan participation, and other ventures undertaken by non-minority-owned and non-women-owned financial institutions in cooperation with minority and women-owned financial institutions and low-income credit unions. | |
| Agency: Department of the Treasury(TREAS) | Priority: Other Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 12 CFR 563e (To search for a specific CFR, visit the Code of Federal Regulations.) | |
| Legal Authority: 12 CFR 1462a 12 CFR 1463 12 CFR 1464 12 CFR 1467a 12 CFR 1814 12 CFR 1816 12 CFR 1828(c) 12 CFR 2901 to 2908 | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Small Entities Affected: No | Federalism: No |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Stephanie Caputo Community Affairs Specialist Department of the Treasury Office of Thrift Supervision 1700 G Street NW., Washington, DC 20552 Phone:202 906-6549 Richard Bennett Senior Compliance Counsel, Regulations and Legislation Division Department of the Treasury Office of Thrift Supervision 1700 G Street NW., Washington, DC 20552 Phone:202 906-7409 |
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