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FDIC | RIN: 3064-AC33 | Publication ID: Spring 2000 |
Title: ●CRA Sunshine | |
Abstract: This rulemaking implements the requirements of Section 711 of the Gramm-Leach-Bliley Act. Section 711 requires an insured depository institution to disclose any agreement with non-governmental entities in connection with the CRA, if the agreement involves a grant of more than $10,000 or a loan of more than $50,000 to the community group annually. In addition, annual reports must be made by the depository institutions and the non-governmental entities to the appropriate federal banking agency of the institutions containing information about the payments, loans, and fees paid under the agreement, and how the non-governmental entity used the funds. | |
Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: PL 106-102 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Included in the Regulatory Plan: No | |
Agency Contact: Deanna Caldwell Senior Policy Analyst, Division of Supervision and Consumer Protection Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 942-3366 |