Community Reinvestment ACT Regulations (Us Federal Reserve System Regulation) (Frs) (2018 Edition)

Download or read book Community Reinvestment ACT Regulations (Us Federal Reserve System Regulation) (Frs) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-10-06 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Community Reinvestment Act Regulations (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library presents the complete text of the Community Reinvestment Act Regulations (US Federal Reserve System Regulation) (FRS) (2018 Edition). Updated as of May 29, 2018 The OCC, Board, FDIC, and OTS (collectively, "the Agencies") are issuing this joint final rule, which revises our rules implementing the Community Reinvestment Act (CRA). The rule implements the statutory requirement that the Agencies consider low-cost education loans provided by the financial institution to low-income borrowers as a factor when assessing an institution's record of meeting community credit needs. The final rule also incorporates the statutory provision that allows the Agencies to consider capital investment, loan participation, and other ventures undertaken by nonminority-owned and nonwomen-owned financial institutions in cooperation with minority- and women-owned financial institutions and low-income credit unions as a factor when assessing an institution's CRA record. This book contains: - The complete text of the Community Reinvestment Act Regulations (US Federal Reserve System Regulation) (FRS) (2018 Edition) - A table of contents with the page number of each section