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Community Reinvestment Act Regulations
DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Parts 25 and 195 [Docket ID OCC-2021-0014] RIN 1557–AF12 Community Reinvestment Act Regulations AGENCY: Office of the Comptroller of the Currency, Treasury. ACTION: Notice of proposed rulemaking. SUMMARY: The Comptroller of the Currency proposes to replace the current Community Reinvestment Act rule with rules based on the 1995 Community Reinvestment Act (CRA) rules, as revised, issued by the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC). The proposal would replace the existing rule in 12 CFR part 25 and reinstate 12 CFR part 195 (for savings associations). Such action would effectively rescind the CRA final rule published by the Office of the Comptroller of the Currency on June 5, 2020, and facilitate the issuance of joint CRA rules with the Board and FDIC. DATES: Comments must be received on or before October 29, 2021. ADDRESSES: Commenters are encouraged to submit comments through the Federal eRulemaking Portal. Please use the title “Community Reinvestment Act Regulations” to facilitate the organization and distribution of the comments. You may submit comments by any of the following methods: 1 Federal eRulemaking Portal – Regulations.gov: Go to https://regulations.gov/. Enter “Docket ID OCC-2021-0014” in the Search Box and click “Search.” Public comments can be submitted via the “Comment” box below the displayed document information or by clicking on the document title and then clicking the “Comment” box on the top-left side of the screen. -
Section 1 – Truth in Savings/Ncua Part 707
SECTION 1 – TRUTH IN SAVINGS/NCUA PART 707 © 2018 CUNA DEPOSIT ACCOUNT REGULATIONS 1-1 Section 1 – Truth In Savings/NCUA Part 707 Overview Coverage Credit unions are required to disclose to members fees, dividend and inter- Authority est rates, and other terms in connection with an account before an account is The Truth In Savings Act of 1991 opened, upon request, on periodic state- (TISA) was enacted in December 1991. ments, and upon subsequent events. The statute directed the Federal Reserve TISA also establishes rules for pay- Board (FRB) to implement regulations ment of dividends or interest and adver- for all depository institutions except tising rules for deposit accounts. credit unions. It also directed the National Credit Union Administration (NCUA) to issue regulations for state- NCUA Staff Commentary chartered and federally chartered credit On November 8, 1994, NCUA unions “substantially similar” to the issued its Official Staff Interpretation FRB Regulation DD (Reg. DD), taking (Commentary) to the Truth In Savings into account the unique nature of credit Rule (Part 707) incorporating much of unions and the limitations under which the Supplementary information issued they may pay dividends on member with Part 707 and addressing additional accounts. compliance questions. Good-faith compliance with NCUA’s Purpose commentary affords credit unions pro- tections from civil liability penalties. TISA is basically a disclosure law, the purpose of which is to enable consum- ers (credit union members and potential Credit unions members) to make meaningful compari- NCUA’s regulation applies to all sons of deposit accounts among deposi- federal and state-chartered credit tory institutions. -
Companies in Texas That Match Financial Donations
COMPANIES IN TEXAS THAT MATCH FINANCIAL DONATIONS Abbott Laboratories Avery Dennison Chubb Group/Chubb & Sons Adobe Systems Avon Products (Federal Insurance) ADP Ball Cigna Advanced Micro Devices Bank One Dallas Circuit City Stores Aetna BankAmerica Cisco Systems AG Communication Systems Bankers Trust CIT Group Air & Water Technologies Baroid Citgo Petroleum Air Products & Chemicals BASF Citicorp/Citibank N.A. Albertson’s Baxter Citizens Ban Alco Standard Bechtel CJT Enterprises Alcoa Becton Dickinson Clarcor Alex Brown & Sons Beecham SmithKline Clark, Klein & Beaumont Allegheny Ludlum Bell & Howell Clorox Allstate BellSouth Coca-Cola Amcast Industrial Bemis Colgate-Palmolive American Electric Power Beneficial Comerica American Express BetzDearborn Computer Associates Intl American General Finance BF Goodrich Conoco American Home Products Bituminous Casualty Container American Honda Motor Bloomingdale’s Continental Airlines American Intl Group Boeing Continental Corp Insurance American National Bank & Trust Borden Cooper Industrial American Standard Borg-Warner Cooper Tire & Rubber American States Insurance BP America Corning Amerisure Companies Brenco Cray Research Ameritech Bridgestone/Firestone Credit Suisse AMI Bristol-Myers Squibb Crowe Horwath LLP Amoco Brunswick Crum & Foster AMP BT Cummins Engine Analog Devices Budget Rent-A-Car CUNA Group Andersons Management Bunge Cytec Industries Anheuser-Busch Burlington Northern Dain Bosworth/IFG A.O. Smith Cabot Darden Restaurants Aon Campbell’s Soup Datatel Apache Canada Ltd Candle DDB -
To Volume 74
December 1988 A81 Index to Volume 74 GUIDE TO PAGE REFERENCES IN MONTHLY ISSUES Issue Text "A" pages Issue Text "'A" pages Index to Index to Total tables Total tables January 1-78 1-82 83-84 July 403-516 1-78 79-80 February.... 79-150 1-88 89-90 August 517-590 1-78 79-80 March 151-194 1-76 77-78 September.. 591-632 1-92 93-94 April 195-278 1-82 83-84 October 633-715 1-76 77-78 May 279-360 1-82 83-84 November.. 716-782 1-76 77-78 June 361-402 1-88 89-90 December .. 783-830 1-78 79-80 The "A" pages consist of statistical tables and reference Statistical tables are indexed separately (see p. A79 of this information. issue. AGRICULTURE, loans Bank Holding Company Act of 1956—Continued Amortization of losses by agricultural banks 546 Orders issued under Extension of comment period Ill A & P Holding Co 69 American Bankers Association 364, 370, 597, 783 Abbott Bank Group, Inc 187 Angell, Wayne D. Abington Bancorp, Inc 144 Federal margin regulations to equities application, Affiliated Banc Corporation 586 statement 453 Affiliated Banc Group, Inc 830 Federal Reserve System budget and expenses, Affiliated Bank Corporation of Wyoming 171 statement 437 Alabama Bancorp 829 Annual Report: Budget Review, 1987-88, publication 467 Albright Bancorp, Inc 144 Annual Report, 74th edition, 1987, publication 467 Alliance Bancorporation 511 Annual Statistical Digest, 1987, publication 791 Algemene Bank Nederland, N.V., Amsterdam, Articles The Netherlands 505 Exchange rates, adjustment, and J-curve 633 Alta Vista Bancshares, Inc 780 Financial system, developments in United States .. -
HANS VAN LIGTEN Partner Land Use and Entitlement
HANS VAN LIGTEN Partner Land Use and Entitlement Orange County (714) 662-4640 [email protected] A substantial part of Hans Van Ligten’s practice focuses on zoning and general planning, California Environmental Quality Act compliance and litigation, U.S. Related Services and California Endangered Species Act compliance, 404 wetland regulation and 1602 streambed alteration, and administrative law. The range of projects on Land Use and Entitlement which he has worked includes large residential developments, high rise senior Government and Regulatory citizen housing, commercial/industrial developments, and regional sports Affordable Housing and facilities such as the Honda Center of Anaheim. Economic Development Environmental His experience equips him to take a project from raw land through the Government Relations and discretionary permit and CEQA process with local and State governments, and, Political if necessary, federal agencies as well. Hans will defend the project entitlements Municipal Law General and in both the trial and appellate courts, as well as pursue any litigation necessary Special litigation to project the rights of property owners from arbitrary governmental Real Estate action. Hans works with landowners to obtain incidental take authorizations under Sections 10 and 7 of the Federal Endangered Species Act. His projects have Related Industries been located in or near purported Least Bell’s Vireo, Willow Fly Catcher, Delhi Public Entities and Sand Flower-loving Fly, Stephens Kangaroo Rat, Quino Checkerspot Butterfly, Municipalities Riverside Fairy Shrimp, California coastal gnatcatcher potential habitat areas Environmental and Natural and many others. Resources Hans worked with his client to establish the Barry Jones Wetlands Mitigation Bank in Western Riverside County, which will preserve the largest remaining vernal pool in Southern California. -
LON-MOW036PUIB-680 Payments Regulation Paper Ami Patel
Financial Services THE REGULATION OF TRADITIONAL AND ALTERNATIVE ELECTRONIC PAYMENTS THE CASE FOR A LEVEL PLAYING FIELD AUTHORS Tony Hayes Ross Frisbie First published December 2011 Note: While this paper assesses a number of laws and regulations, it is not intended to constitute legal advice (even to lawyers, a number of regulations and provisions are subject to interpretation). As such, this paper reflects our perspectives and represents a diligent effort to draw attention to issues that are likely to increase in importance over time. CONTENTS 1. EXECUTIVE SUMMARY .............................................................................................1 2. WHY THE REGULATORY TREATMENT OF PAYMENTS MATTERS NOW .....................5 3. OVERVIEW OF ALTERNATIVE ELECTRONIC PAYMENTS ...............................................................................................................7 3.1. DEFINITIONS .................................................................................................7 3.2. MARKET SIZE .................................................................................................8 3.3. TAXONOMY..................................................................................................12 4. NOTABLE CHANGES TO PAYMENTS LAW AND REGULATION, 2008-2011 .......................................................................................19 4.1. OVERDRAFT CHANGES (REG E) ...................................................................19 4.2. THE CREDIT CARD ACT ................................................................................22 -
Federal Register / Vol. 60, No. 227 / Monday, November 27, 1995 / Notices 58363
Federal Register / Vol. 60, No. 227 / Monday, November 27, 1995 / Notices 58363 Y (12 CFR 225.21(a)) to commence or to 2. Progressive Growth Corp., Gaylord, company or to acquire voting securities engage de novo, either directly or Minnesota; to engage de novo through of a bank or bank holding company. The through a subsidiary, in a nonbanking its subsidiary, Progressive Technologies, listed companies have also applied activity that is listed in § 225.25 of Inc., Gaylord Minnesota, in data under § 225.23(a)(2) of Regulation Y (12 Regulation Y as closely related to warehousing, computer network CFR 225.23(a)(2)) for the Board's banking and permissible for bank integration services, communications approval under section 4(c)(8) of the holding companies. Unless otherwise services related to the transmission of Bank Holding Company Act (12 U.S.C. noted, such activities will be conducted economic and financial data, database 1843(c)(8)) and § 225.21(a) of Regulation throughout the United States. management services, and other data Y (12 CFR 225.21(a)) to acquire or Each application is available for processing services, pursuant to § control voting securities or assets of a immediate inspection at the Federal 225.25(b)(7) of the Board's Regulation Y. company engaged in a nonbanking Reserve Bank indicated. Once the C. Federal Reserve Bank of Kansas activity that is listed in § 225.25 of application has been accepted for City (John E. Yorke, Senior Vice Regulation Y as closely related to processing, it will also be available for President) 925 Grand Avenue, Kansas banking and permissible for bank inspection at the offices of the Board of City, Missouri 64198: holding companies, or to engage in such Governors. -
FINANCIAL INDUSTRY LUMINARIES SUPPORT MOBILE BANKING and PAYMENT INITIATIVE Tyfone, Inc
FINANCIAL INDUSTRY LUMINARIES SUPPORT MOBILE BANKING AND PAYMENT INITIATIVE Tyfone, Inc. Builds Strategic Team, Strong in Banking and Financial Services Expertise PORTLAND, Ore. – Sept. 12, 2006 – Tyfone, Inc., a developer of next generation applications that will transform any mobile handset into a secure banking concierge, announces its board of directors. The board includes diverse financial service and banking experts experienced in international markets. The board will guide Tyfone’s management team in the development and marketing of its mobile banking solution, which directly connects banks to the mobile channel, while leveraging the existing point of sale (POS) payment infrastructure. The bank-owned technology makes it possible to securely conduct any existing form of banking and payment transaction, regardless of the wireless carrier service the consumer uses. The company announced its solution in June. The board’s expertise includes: Bruce G. Willison, former dean and professor of management, UCLA Anderson School of Management Patrick J. Swanick, retired president, KeyCorp Retail Banking & Electronic Services Ashok T. Aram, managing director, integrated credit trading/global markets, Deutsche “I’m excited to be joining a dynamic team, which is on the cutting edge of mobile banking,” said Patrick J. Swanick, Tyfone board member. “Now banks can deliver secure mobile banking with their own brand in the mobile channel.” Board of Director Biographies Bruce G. Willison, former dean and professor of management at the UCLA Anderson School of Management, came to UCLA in 1999 after a distinguished 26-year career in the banking industry, having served as the president and COO of Home Savings of America and H.F. -
1985 0101 NSCCAR.Pdf
National Securities Clearing Corporation Corporate Office 55 Water Street New York, New York 10041 (212) 510-0400 Boston One Boston Place Boston, Massachusetts 02108 Chicago 135 South LaSalle Street Chicago, Illinois 60603 Cleveland 900 Euclid Avenue Cleveland, Ohio 44101 Dallas Plaza of the Americas TCBTower Dallas, Texas 75201 Denver Dominion Plaza Table of Contents 600 17th Street Denver, Colorado 80202 To NSCC Participants 2 Detroit NSCC Board of Directors 4 3153 Penobscot Building Detroit, Michigan 48226 NSCC Officers 8 Jersey City Introduction 9 One Exchange Place Jersey City, New Jersey 07302 The Year in Review 10 Los Angeles Municipal Bond Program 12 615 South Flower Street Los Angeles, California 9001.7 Fund/SERV 14 Milwaukee Automated Customer Account Transfer Service 16 777 East Wisconsin Avenue Milwaukee, Wisconsin 53202 International Securities Clearing Corporation 18 Minneapolis Audited Financial Statements 20 IDS Center 80 South 8th Street Participating Organizations 26 Minneapolis, Minnesota 55402 New York 55 Water Street New York, New York 10041 St. Louis One Mercantile Tower Cover: 1985 was a year during which NSCC anticipated and St. Louis, Missouri 63101 responded to the expanding needs of the financial services San Francisco industry ... 50 California Street • As marketplace self-regulatory organizations, represented San Francisco, California 94111 here by a New York Stock Exchange Guide/Constitution Toronto and Rules, proposed new rules on broker-dealers' transfer Two First Canadian Place of client accounts, NSCC implemented the Automated Toronto, Ontario, Canada M5X lA9 Customer Account Transfer Service. • While continuing to serve its traditional equity, corporate bond and municipal bond marketplaces, represented by volume charts on the computer screen, NSCC expanded its comparison services to include municipal bond syndi cates, when-issued and extended-settlement trades. -
Major Banking Laws
Major U.S. Banking Laws The most important laws that have affected the banking industry in the United States are listed below (in chronological order). • National Bank Act of 1864 (Chapter 106, 13 STAT. 99). Established a national banking system and the chartering of national banks. • Federal Reserve Act of 1913 (P.L. 63-43, 38 STAT. 251, 12 USC 221). Established the Federal Reserve System as the central banking system of the U.S. • The McFadden Act of 1927 (P.L. 69-639, 44 STAT. 1224). Amended the National Banking Laws and the Federal Reserve Act and prohibited interstate banking. • Banking Act of 1933 (P.L. 73-66, 48 STAT. 162). Also known as the Glass-Steagall Act. Established the FDIC as a temporary agency. Separated commercial banking from investment banking, establishing them as separate lines of commerce. • Banking Act of 1935 (P.L. 74-305, 49 STAT. 684). Established the FDIC as a permanent agency of the government. It extended the branching provisions of the Banking Act of 1933 to FDIC non-members and required state member banks to obtain Federal Reserve Board approval of new branches. • Soldiers and Sailors Civil Relief Act of 1940 (50 App. U.S.C. § 501). The Soldiers' and Sailors' Civil Relief Act of 1940 (SSCRA), as amended, was passed by Congress to provide protection for individuals entering or called to active duty in the military service. It is intended to postpone or suspend certain civil obligations to enable servicemembers to devote full attention to duty. The Act applies to the United States, the states, the District of Columbia, all U.S. -
170 the Cost of Implementing Consumer Financial Regulations: an Analysis of Experience with the Truth in Savings Act
170 The Cost of Implementing Consumer Financial Regulations: An Analysis of Experience with the Truth in Savings Act Gregory Elliehausen and Barbara R. Lowery Staff, Board of Governors The staff members of the Board of Governors of The following paper, is summarized in the the Federal Reserve System and of the Federal Bulletin for December 1997. The analyses and Reserve Banks undertake studies that cover a conclusions set forth are those of the author and wide range of economic and financial subjects. do not necessarily indicate concurrence by the From time to time the studies that are of general Board of Governors, the Federal Reserve Banks, interest are published in the Staff Studies series or members of their staffs. and summarized in the Federal Reserve Bulletin. Board of Governors of the Federal Reserve System Washington, DC 20551 December 1997 The Cost of Implementing Consumer Financial Regulations: An Analysis of Experience with the Truth in Savings Act The Truth in Savings Act, like many other federal regulations: (1) its respondents represented the consumer protection laws concerning financial population of banks and savings institutions services, is primarily a disclosure statute. It man- better than did the respondents to previous surveys dates that financial institutions disclose certain of costs, (2) it collected data while the regulation information about the terms of deposit accounts was being implemented, resulting in a more in specific forms and at specific times. Although accurate picture of the effects of the law than many banks provided disclosures of account terms would have been possible had the data been before the act was passed in 1991, most did not collected retrospectively, and (3) it permitted completely satisfy the requirements of the regula- a more comprehensive analysis of costs because tion (Regulation DD) adopted by the Federal it obtained information on the nature of the Reserve Board in September 1992 to implement cost-generating efforts needed to comply with the law. -
A Guide to Enforcing the Community Reinvestment Act Richard Marisco New York Law School
Fordham Urban Law Journal Volume 20 | Number 2 Article 2 1993 A Guide to Enforcing the Community Reinvestment Act Richard Marisco New York Law School Follow this and additional works at: https://ir.lawnet.fordham.edu/ulj Part of the Property Law and Real Estate Commons Recommended Citation Richard Marisco, A Guide to Enforcing the Community Reinvestment Act, 20 Fordham Urb. L.J. 165 (1993). Available at: https://ir.lawnet.fordham.edu/ulj/vol20/iss2/2 This Article is brought to you for free and open access by FLASH: The orF dham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Urban Law Journal by an authorized editor of FLASH: The orF dham Law Archive of Scholarship and History. For more information, please contact [email protected]. A GUIDE TO ENFORCING THE COMMUNITY REINVESTMENT ACT Richard Marsico* TABLE OF CONTENTS I. Introduction ........................................... 170 II. Step One: Assessing Community Credit Needs .......... 180 A. Defining the Community ........................... 180 B. Gathering Socioeconomic Data about the Community's Residents ............................. 180 1. Demographic Data ............................. 181 2. Income and Employment Data .................. 181 3. Business D ata .................................. 181 4. Housing Data .................................. 182 5. Quality of Life Data ............................ 182 6. Community Outreach Data ..................... 182 C. Preparing a Community Credit Needs Statement .... 182 1. Socioeconomic Profile ........................... 183 2. Credit Needs Statement ......................... 184 III. Step Two: Gathering Information about a Bank's CRA R ecord ................................................ 185 A. Choosing a Bank to Evaluate ....................... 185 B. Locating Information about the Bank's CRA Record ... ......................................... 186 1. The Bank ...................................... 186 a. CRA Disclosure Requirements .............. 186 b. The Home Mortgage Disclosure Act .......