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TREAS/OCC RIN: 1557-AD24 Publication ID: Fall 2010 
Title: Community Reinvestment Act--Higher Education Act 
Abstract: The OCC, FRB, FDIC, and OTS are revising their rules implementing the Community Reinvestment Act. The revision would incorporate into their rules 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 revision also would incorporate statutory language that allows the agencies, when assessing an institution's record of meeting community credit needs, to consider 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 25   
Legal Authority: 12 USC 21 and 22    12 USC 26 and 27    12 USC 30    12 USC 36    12 USC 93a    12 USC 161    12 USC 215 and 215a    12 USC 481    12 USC 1814 and 1816    12 USC 1828(c)    12 USC 1835a    12 USC 2901 to 2908    12 USC 3101 to 3111   
Legal Deadline:
Action Source Description Date
Final  Statutory  Final Regulations.  08/14/2009 

Overall Description of Deadline: Final regulations implementing statute must be issued by 8/14/2009.

Timetable:
Action Date FR Cite
NPRM  06/30/2009  74 FR 31209   
NPRM Comment Period End  07/30/2009    
Final Action  10/04/2010  75 FR 61035   
Final Action Effective  11/03/2010    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Margaret Hesse
Senior Counsel
Department of the Treasury
Comptroller of the Currency
Community and Consumer Law Division, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6219
Email: margaret.hesse@occ.treas.gov