Community Reinvestment Act Regulations; Extension of Comment Period, 10996-10997 [2020-03766]

Download as PDF 10996 Proposed Rules Federal Register Vol. 85, No. 38 Wednesday, February 26, 2020 This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Parts 25 and 195 [Docket ID OCC–2018–0008] RIN 1557–AE34 FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 345 RIN 3064–AF22 Community Reinvestment Act Regulations; Extension of Comment Period Office of the Comptroller of the Currency, Treasury, and Federal Deposit Insurance Corporation. ACTION: Joint notice of proposed rulemaking: Extension of comment period. AGENCY: On January 9, 2020, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) published in the Federal Register a Notice of Proposed Rulemaking (NPR) entitled ‘‘Community Reinvestment Act Regulations’’ proposing comprehensive amendments to the rules implementing the Community Reinvestment Act (CRA). The NPR provided for a 60-day comment period, which would have closed on March 9, 2020. The FDIC and the OCC have determined that an extension of the comment period until April 8, 2020, is appropriate. This action will allow interested persons additional time to analyze the proposal and prepare their comments. DATES: The comment period for the CRA-related NPR published on January 9, 2020 (85 FR 1204),1 is extended from March 9, 2020, to April 8, 2020. ADDRESSES: You may submit comments by any of the following methods: khammond on DSKJM1Z7X2PROD with PROPOSALS SUMMARY: 1 85 FR 1204 (Jan. 9, 2020). VerDate Sep<11>2014 16:50 Feb 25, 2020 Jkt 250001 OCC: Commenters are encouraged to submit comments through the Federal eRulemaking Portal or email, if possible. 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: • Federal eRulemaking Portal— Regulations.gov Classic or Regulations.gov Beta: Regulations.gov Classic: Go to https:// www.regulations.gov/. Enter ‘‘Docket ID OCC–2018–0008’’ in the Search Box and click ‘‘Search.’’ Click on ‘‘Comment Now’’ to submit public comments. For help with submitting effective comments please click on ‘‘View Commenter’s Checklist.’’ Click on the ‘‘Help’’ tab on the Regulations.gov home page to get information on using Regulations.gov, including instructions for submitting public comments. Regulations.gov Beta: Go to https:// beta.regulations.gov/ or click ‘‘Visit New Regulations.gov Site’’ from the Regulations.gov Classic homepage. Enter ‘‘Docket ID OCC–2018–0008’’ 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 topleft side of the screen. For help with submitting effective comments please click on ‘‘Commenter’s Checklist.’’ For assistance with the Regulations.gov Beta site, please call (877) 378–5457 (toll free) or (703) 454–9859 Monday–Friday, 9 a.m.–5 p.m. ET or email regulations@ erulemakinghelpdesk.com. • Email: cra.reg@occ.treas.gov. • Mail: Chief Counsel’s Office, Attention: Comment Processing, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Hand Delivery/Courier: 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Fax: (571) 465–4326. Instructions: You must include ‘‘OCC’’ as the agency name and ‘‘Docket ID OCC–2018–0008’’ in your comment. In general, the OCC will enter all comments received into the docket and publish the comments on the Regulations.gov website without change, including any business or personal information provided such as PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. You may review comments and other related materials that pertain to this rulemaking action by any of the following methods: • Viewing Comments Electronically— Regulations.gov Classic or Regulations.gov Beta: Regulations.gov Classic: Go to https:// www.regulations.gov/. Enter ‘‘Docket ID OCC–2018–0008’’ in the Search box and click ‘‘Search.’’ Click on ‘‘Open Docket Folder’’ on the right side of the screen. Comments and supporting materials can be viewed and filtered by clicking on ‘‘View all documents and comments in this docket’’ and then using the filtering tools on the left side of the screen. Click on the ‘‘Help’’ tab on the Regulations.gov home page to get information on using Regulations.gov. The docket may be viewed after the close of the comment period in the same manner as during the comment period. Regulations.gov Beta: Go to https:// beta.regulations.gov/ or click ‘‘Visit New Regulations.gov Site’’ from the Regulations.gov Classic homepage. Enter ‘‘Docket ID OCC–2018–0008’’ in the Search Box and click ‘‘Search.’’ Click on the ‘‘Comments’’ tab. Comments can be viewed and filtered by clicking on the ‘‘Sort By’’ drop-down on the right side of the screen or the ‘‘Refine Results’’ options on the left side of the screen. Supporting materials can be viewed by clicking on the ‘‘Documents’’ tab and filtered by clicking on the ‘‘Sort By’’ drop-down on the right side of the screen or the ‘‘Refine Results’’ options on the left side of the screen.’’ For assistance with the Regulations.gov Beta site, please call (877) 378–5457 (toll free) or (703) 454– 9859 Monday–Friday, 9 a.m.–5 p.m. ET or email regulations@ erulemakinghelpdesk.com. The docket may be viewed after the close of the comment period in the same manner as during the comment period. • Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street SW, Washington, E:\FR\FM\26FEP1.SGM 26FEP1 khammond on DSKJM1Z7X2PROD with PROPOSALS Federal Register / Vol. 85, No. 38 / Wednesday, February 26, 2020 / Proposed Rules DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect comments. FDIC: You may submit comments, identified by RIN 3064–AF22, by any of the following methods: • Agency Website: http:// www.fdic.gov/regulations/laws/federal/ propose.html. Follow instructions for submitting comments on the Agency website. • Email: Comments@fdic.gov. Include the RIN 3064–AF22 on the subject line of the message. • Mail: Robert E. Feldman, Executive Secretary, Attention: Comments, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. • Hand Delivery: Comments may be hand delivered to the guard station at the rear of the 550 17th Street Building (located on F Street) on business days between 7:00 a.m. and 5:00 p.m. Instructions: All comments received must include the agency name and RIN 3064–AF22 for this rulemaking. All comments received will be posted without change to http://www.fdic.gov/ regulations/laws/federal/propose.html, including any personal information provided. Paper copies of public comments may be ordered from the FDIC Public Information Center, 3501 North Fairfax Drive, Room E–1002, Arlington, VA 22226 by telephone at (877) 275–3342 or (703) 562–2200. FOR FURTHER INFORMATION CONTACT: OCC: Vonda Eanes, Director for CRA and Fair Lending Policy, Bobbie K. Kennedy, Technical Expert for CRA and Fair Lending, or Karen Bellesi, Director for Community Development. Bank Supervision Policy, (202) 649–5470; or Allison Hester-Haddad, Counsel, Emily R. Boyes, Counsel, or Elizabeth Small, Senior Attorney, Chief Counsel’s Office, (202) 649–5490; Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. For persons who are deaf or hearing impaired, TTY users may contact (202) 649–5597. FDIC: Patience R. Singleton, Senior Policy Analyst, Supervisory Policy Branch, Division of Depositor and Consumer Protection, (202) 898–6859; Richard M. Schwartz, Counsel, Legal Division (202) 898–7424, Counsel, Legal Division (202) 898–6560, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. VerDate Sep<11>2014 18:06 Feb 25, 2020 Jkt 250001 On January 9, 2020, the agencies published in the Federal Register 2 an NPR proposing comprehensive amendments to the regulations implementing the Community Reinvestment Act.3 This is the first comprehensive amendment of the regulation since 1995.4 The NPR stated that the comment period would close on March 9, 2020. The agencies have received requests to extend the comment period. An extension of the comment period will provide additional opportunity for the public to prepare comments to address the matters raised by the NPR. Therefore, the OCC and FDIC are extending the comment period for the CRA-related NPR from March 9, 2020 to April 8, 2020. SUPPLEMENTARY INFORMATION: Dated: February 19, 2020. Joseph M. Otting, Comptroller of the Currency. Federal Deposit Insurance Corporation. Dated at Washington, DC, on February 19, 2020. Robert E. Feldman, Executive Secretary. [FR Doc. 2020–03766 Filed 2–25–20; 8:45 am] BILLING CODE 4810–33–P 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 328 RIN 3064–ZA14 Request for Information on FDIC Sign and Advertising Requirements and Potential Technological Solutions Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC is seeking input regarding potential modernization of its sign and advertising rules to reflect that deposit-taking via physical branch, digital, and mobile banking channels continues to evolve since the FDIC last significantly updated its rules in 2006. As banks adjust their business models to innovate and remain competitive, the FDIC is considering how to revise and clarify its sign and advertising rules related to FDIC deposit insurance. The FDIC is issuing this Request for Information (RFI) to inform FDIC efforts to align the policy objectives of its rules and keep pace with how today’s banks offer deposit products and services and how consumers connect with banks, SUMMARY: 2 Id. 3 12 4 60 PO 00000 U.S.C. 2901, et seq. FR 22156 (May 4, 1995). Frm 00002 Fmt 4702 Sfmt 4702 10997 including through evolving channels. The FDIC is also seeking input on how to address potential misrepresentations by nonbanks about deposit insurance. In addition, the FDIC requests information about how technological or other solutions could be leveraged to help consumers better distinguish FDICinsured banks and savings associations from entities that are not insured by the FDIC (nonbanks), particularly across web and digital channels. DATES: Comments must be received by March 19, 2020. ADDRESSES: You may submit comments, identified by RIN 3064–ZA14, by any of the following methods: • Agency Website: https:// www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the Agency website. • Email: Comments@fdic.gov. Include RIN 3064–ZA14 in the subject line of the message. • Mail: Robert E. Feldman, Executive Secretary, Attention: Comments, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. • Hand Delivery/Courier: Comments may be hand-delivered to the guard station at the rear of the 550 17th Street NW, building (located on F Street) on business days between 7:00 a.m. and 5:00 p.m., EST. All comments received must include the agency name and RIN for this rulemaking. Public Inspection: All comments received will be posted without change to https://www.fdic.gov/regulations/ laws/federal/—including any personal information provided—for public inspection. Paper copies of public comments may be ordered from the FDIC Public Information Center, 3501 North Fairfax Drive, Room E–1002, Arlington, VA 22226 by telephone at (877) 275–3342 or (703) 562–2200. FOR FURTHER INFORMATION CONTACT: David Friedman, Senior Policy Analyst, Division of Depositor and Consumer Protection, (202) 898–7168, dfriedman@ fdic.gov; Edward Hof, Senior Consumer Affairs Specialist, Division of Depositor and Consumer Protection, (202) 898– 7213, edwhof@fdic.gov; or Richard M. Schwartz, Counsel, Legal Division, (202) 898–7424, rischwartz@fdic.gov. SUPPLEMENTARY INFORMATION: The FDIC is an independent federal agency with a mission of maintaining stability and public confidence in the nation’s financial system by insuring bank deposits, examining and supervising financial institutions for safety and soundness and consumer protection, making large and complex financial institutions resolvable, and managing E:\FR\FM\26FEP1.SGM 26FEP1

Agencies

[Federal Register Volume 85, Number 38 (Wednesday, February 26, 2020)]
[Proposed Rules]
[Pages 10996-10997]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03766]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 85 , No. 38 / Wednesday, February 26, 2020 / 
Proposed Rules

[[Page 10996]]



DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Parts 25 and 195

[Docket ID OCC-2018-0008]
RIN 1557-AE34

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 345

RIN 3064-AF22


Community Reinvestment Act Regulations; Extension of Comment 
Period

AGENCY: Office of the Comptroller of the Currency, Treasury, and 
Federal Deposit Insurance Corporation.

ACTION: Joint notice of proposed rulemaking: Extension of comment 
period.

-----------------------------------------------------------------------

SUMMARY: On January 9, 2020, the Office of the Comptroller of the 
Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) 
(collectively, the agencies) published in the Federal Register a Notice 
of Proposed Rulemaking (NPR) entitled ``Community Reinvestment Act 
Regulations'' proposing comprehensive amendments to the rules 
implementing the Community Reinvestment Act (CRA). The NPR provided for 
a 60-day comment period, which would have closed on March 9, 2020. The 
FDIC and the OCC have determined that an extension of the comment 
period until April 8, 2020, is appropriate. This action will allow 
interested persons additional time to analyze the proposal and prepare 
their comments.

DATES: The comment period for the CRA-related NPR published on January 
9, 2020 (85 FR 1204),\1\ is extended from March 9, 2020, to April 8, 
2020.
---------------------------------------------------------------------------

    \1\ 85 FR 1204 (Jan. 9, 2020).

ADDRESSES: You may submit comments by any of the following methods:
    OCC: Commenters are encouraged to submit comments through the 
Federal eRulemaking Portal or email, if possible. 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:
     Federal eRulemaking Portal--Regulations.gov Classic or 
Regulations.gov Beta: Regulations.gov Classic: Go to https://www.regulations.gov/. Enter ``Docket ID OCC-2018-0008'' in the Search 
Box and click ``Search.'' Click on ``Comment Now'' to submit public 
comments. For help with submitting effective comments please click on 
``View Commenter's Checklist.'' Click on the ``Help'' tab on the 
Regulations.gov home page to get information on using Regulations.gov, 
including instructions for submitting public comments.
    Regulations.gov Beta: Go to https://beta.regulations.gov/ or click 
``Visit New Regulations.gov Site'' from the Regulations.gov Classic 
homepage. Enter ``Docket ID OCC-2018-0008'' 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. For help with submitting effective comments please click on 
``Commenter's Checklist.'' For assistance with the Regulations.gov Beta 
site, please call (877) 378-5457 (toll free) or (703) 454-9859 Monday-
Friday, 9 a.m.-5 p.m. ET or email [email protected].
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, 400 7th Street 
SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``Docket ID OCC-2018-0008'' in your comment. In general, the OCC will 
enter all comments received into the docket and publish the comments on 
the Regulations.gov website without change, including any business or 
personal information provided such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this rulemaking action by any of the following methods:
     Viewing Comments Electronically--Regulations.gov Classic 
or Regulations.gov Beta:
    Regulations.gov Classic: Go to https://www.regulations.gov/. Enter 
``Docket ID OCC-2018-0008'' in the Search box and click ``Search.'' 
Click on ``Open Docket Folder'' on the right side of the screen. 
Comments and supporting materials can be viewed and filtered by 
clicking on ``View all documents and comments in this docket'' and then 
using the filtering tools on the left side of the screen. Click on the 
``Help'' tab on the Regulations.gov home page to get information on 
using Regulations.gov. The docket may be viewed after the close of the 
comment period in the same manner as during the comment period.
    Regulations.gov Beta: Go to https://beta.regulations.gov/ or click 
``Visit New Regulations.gov Site'' from the Regulations.gov Classic 
homepage. Enter ``Docket ID OCC-2018-0008'' in the Search Box and click 
``Search.'' Click on the ``Comments'' tab. Comments can be viewed and 
filtered by clicking on the ``Sort By'' drop-down on the right side of 
the screen or the ``Refine Results'' options on the left side of the 
screen. Supporting materials can be viewed by clicking on the 
``Documents'' tab and filtered by clicking on the ``Sort By'' drop-down 
on the right side of the screen or the ``Refine Results'' options on 
the left side of the screen.'' For assistance with the Regulations.gov 
Beta site, please call (877) 378-5457 (toll free) or (703) 454-9859 
Monday-Friday, 9 a.m.-5 p.m. ET or email 
[email protected]. The docket may be viewed after the 
close of the comment period in the same manner as during the comment 
period.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington,

[[Page 10997]]

DC 20219. For security reasons, the OCC requires that visitors make an 
appointment to inspect comments. You may do so by calling (202) 649-
6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649-
5597. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect comments.
    FDIC: You may submit comments, identified by RIN 3064-AF22, by any 
of the following methods:
     Agency Website: http://www.fdic.gov/regulations/laws/federal/propose.html. Follow instructions for submitting comments on 
the Agency website.
     Email: [email protected]. Include the RIN 3064-AF22 on the 
subject line of the message.
     Mail: Robert E. Feldman, Executive Secretary, Attention: 
Comments, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.
     Hand Delivery: Comments may be hand delivered to the guard 
station at the rear of the 550 17th Street Building (located on F 
Street) on business days between 7:00 a.m. and 5:00 p.m.
    Instructions: All comments received must include the agency name 
and RIN 3064-AF22 for this rulemaking. All comments received will be 
posted without change to http://www.fdic.gov/regulations/laws/federal/propose.html, including any personal information provided. Paper copies 
of public comments may be ordered from the FDIC Public Information 
Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226 by 
telephone at (877) 275-3342 or (703) 562-2200.

FOR FURTHER INFORMATION CONTACT: 
    OCC: Vonda Eanes, Director for CRA and Fair Lending Policy, Bobbie 
K. Kennedy, Technical Expert for CRA and Fair Lending, or Karen 
Bellesi, Director for Community Development. Bank Supervision Policy, 
(202) 649-5470; or Allison Hester-Haddad, Counsel, Emily R. Boyes, 
Counsel, or Elizabeth Small, Senior Attorney, Chief Counsel's Office, 
(202) 649-5490; Office of the Comptroller of the Currency, 400 7th 
Street SW, Washington, DC 20219. For persons who are deaf or hearing 
impaired, TTY users may contact (202) 649-5597.
    FDIC: Patience R. Singleton, Senior Policy Analyst, Supervisory 
Policy Branch, Division of Depositor and Consumer Protection, (202) 
898-6859; Richard M. Schwartz, Counsel, Legal Division (202) 898-7424, 
Counsel, Legal Division (202) 898-6560, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On January 9, 2020, the agencies published 
in the Federal Register \2\ an NPR proposing comprehensive amendments 
to the regulations implementing the Community Reinvestment Act.\3\ This 
is the first comprehensive amendment of the regulation since 1995.\4\
---------------------------------------------------------------------------

    \2\ Id.
    \3\ 12 U.S.C. 2901, et seq.
    \4\ 60 FR 22156 (May 4, 1995).
---------------------------------------------------------------------------

    The NPR stated that the comment period would close on March 9, 
2020. The agencies have received requests to extend the comment period. 
An extension of the comment period will provide additional opportunity 
for the public to prepare comments to address the matters raised by the 
NPR.
    Therefore, the OCC and FDIC are extending the comment period for 
the CRA-related NPR from March 9, 2020 to April 8, 2020.

    Dated: February 19, 2020.
Joseph M. Otting,
Comptroller of the Currency.
Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on February 19, 2020.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2020-03766 Filed 2-25-20; 8:45 am]
BILLING CODE 4810-33-P 6714-01-P