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TREAS/OCC | RIN: 1557-AB98 | Publication ID: Fall 2005 |
Title: Community Reinvestment Act Regulation (12 CFR 25) | |
Abstract: OCC, together with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, revised certain provisions of its rules implementing the Community Reinvestment Act (CRA). This rulemaking addresses the regulatory burden imposed on smaller banks by revising the eligibility requirements for CRA evaluation under the lending, investment, and service tests. The rulemaking adds a new community development test for banks with at least $250 million and less than $1 billion in assets. This rulemaking also revises the definition of the term "community development" to include affordable housing and revitalization and stabilization in underserved rural areas and designated disaster areas and revises the regulation to address the impact on a bank's CRA rating of evidence of discrimination or other illegal credit practices. | |
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 12 USC 22 12 USC 26 12 USC 27 12 USC 30 12 USC 36 12 USC 93a 12 USC 161 12 USC 215 12 USC 215a 12 USC 481 12 USC 1814 12 USC 1816 12 USC 1828(c) 12 USC 1835a 12 USC 2901 to 2907 12 USC 3101 to 3111 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
Agency Contact: Patrick T. Tierney Counsel Department of the Treasury Comptroller of the Currency Legislative and Regulatory Activities Division, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6291 Email: patrick.tierney@occ.treas.gov |