Community Reinvestment Act: Joint Final Rule

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision (the agencies) are publishing the attached revisions to the Community Reinvestment Act (CRA) regulations. This rule change implements two statutory changes. One requires the agencies, when assessing a financial institution's record of meeting community credit needs, to consider low-cost education loans to low-income borrowers. The other allows the agencies to consider various activities undertaken with minority- and women-owned financial institutions and low-income credit unions. The final rule will take effect on November 3, 2010.
• Content Notes:
  Peer to FIL-9-2010 (March 11, 2010)
• Subject:
  Consumer Protection
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2010/fil10065.html
• Format:
  PDF
• Release Date:
  10/12/2010
• Update Date:
  11/26/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Office of the Comptroller of the Currency (OCC) ; Board of Governors of the Federal Reserve System (The Fed) ; Office of Thrift Supervision (OTS) ; U. S. Department of Education (ED)
• Fdic Employee Involved:
  Janet Gordon ; Susan van den Toorn
• Law Involved:
  Community Reinvestment Act (CRA)
• Related Regulation:
  12 CFR Part 345
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• Effective Date:
  11/03/2010
• FIL Number:
  FIL-65-2010
• Main Document Checksum:
  urn:sha256:21dd1733c0b2d6dc5b16c82f57de612c6c30db9cfa5762cca82a011fd35a5b2f
• Download URL:
  https://archive.fdic.gov/view/fdic/7153/fdic_7153_DS1.pdf
• File Type:
  [PDF - 799.10 KB ]