|Other titles||Official compilation of codes, rules and regulations. Title 3, Part 76.|
|The Physical Object|
|Pagination||1 v. (various pagings)|
The OCC and the FDIC today proposed major changes to the regulations implementing the Community Reinvestment Act. The proposal would clarify which activities count for CRA credit, update where CRA performance is assessed, revise how CRA performance is measured and make CRA data reporting more transparent. Banks with less than $ million in assets would be able to choose to remain under the current CRA framework. Last month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed sweeping reforms to the CRA regulations that could significantly alter how regulators assess the banking industry’s community development activities and impact the availability of credit in low- and moderate-income communities. The page Notice of Proposed. Agency Rule-Making & Guidance CRA Federal Reserve FDIC OCC. On January 8, Federal Reserve Governor Lael Brainard discussed the Fed’s approach to the Community Reinvestment Act (CRA) modernization process, explaining why the agency chose not to join the notice of proposed rulemaking (NPR) issued in December by the OCC and the FDIC. As previously covered by a Buckley . The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. Comments on the proposal are due by March 9,
The OCC and FDIC are proposing regulations intended to better achieve the law’s underlying statutory purpose of encouraging IDIs to serve their communities by making the regulatory framework more objective, transparent, consistent, and easy to understand. CRA Regulations The links to the CRA regulations are either documents to be downloaded or to sites that contain the regulation or links to the regulatory agencies. Board of Governors of the Federal Reserve System FRB. Access to the full text of federal Acts and Regulations is provided by the Department of Justice Canada, which is responsible for maintaining the Consolidated Statutes of Canada. Please read the Important note from the Department of Justice Canada. Proposed Rule, 12 CFR The new policy aims to increase the objectivity, transparency and fairness of regulations. The requirements of a public file will necessitate a more automated, intelligent data collection for most banks.
Implements provisions of the Gramm-Leach-Bliley Act that require reporting and public disclosure of written agreements between (1) insured depository institutions or their affiliates and (2) nongovernmental entities or persons, made in connection with fulfillment of Community Reinvestment Act requirements. Regulation (GPO) Proposed Amendments. The document at hand is a joint proposal to modernize regulations under the Community Reinvestment Act (CRA), the law requiring banks to meet the credit needs of all the communities where they do business. The last time CRA regulations . The proposed rules are intended to increase bank activity in low- and moderate-income communities where there is significant need for credit, more responsible lending, greater access to banking services, and improvements to critical infrastructure. The proposals will clarify what qualifies for credit under the CRA, enabling banks and their partners to better implement reinvestment and other . Definitions. The following terms are used in this notice: Additional cannabis duty means a duty imposed under proposed section or of the Act.. Cannabis means a cannabis plant and includes any of the following. any part of a cannabis plant, including the phytocannabinoids produced by, or found in, such a plant, regardless of whether that part has been processed or not;.