H.R.2840 - National Financial Literacy Act of 2007

To amend the Community Reinvestment Act of 1977 to allow the direct support by a financial institution of a qualified community-based financial literacy program provided to consumers and borrowers to be taken into account in assessing the institution's record of meeting the credit needs of its entire community, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Community Reinvestment Act of 1977 to allow the direct support by a financial institution of a qualified community-based financial literacy program provided to consumers and borrowers to be taken into account in assessing the institution's record of meeting the credit needs of its entire community, and for other purposes. as introduced.
  • Short: National Financial Literacy Act of 2007 as introduced.

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06/21/07
 
 
 
 
 
 
 

Official Summary

6/22/2007--Introduced.National Financial Literacy Act of 2007 - Amends the Community Reinvestment Act of 1977 to require federal financial supervisory agencies jointly to prescribe regulations establishing: (1) minimum standards to be met by a community-based financial literacy program in

Official Summary

6/22/2007--Introduced.
National Financial Literacy Act of 2007 - Amends the Community Reinvestment Act of 1977 to require federal financial supervisory agencies jointly to prescribe regulations establishing:
(1) minimum standards to be met by a community-based financial literacy program in order to be eligible for consideration as a qualified community-based financial literacy program;
(2) procedures for financial institutions to apply to a federal financial supervisory agency for approval of such a program; and
(3) a requirement that financial institutions submit a regular report on how the institution supported and promoted financial literacy in its entire community, including low- and moderate-income neighborhoods. Authorizes a federal financial supervisory agency to take an institution's direct support of a qualified community-based financial literacy program into account when it assesses the institution's record of meeting the community's credit needs.


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Recent Blog Coverage

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04/27/08
RIVAROSSI H0: SBB RAe TEE II “Gottardo”, Bm 4/4, Diverse SBB ...

... Digital); E 2904 SBB Am 841 (Electrotren, Gleichstrom); E 2905 SBB Am 841 (Electrotren, Wechselstrom); HR 2040 SBB Bm 4/4, braun (Gleichstrom); HR 2840 SBB Bm 4/4, braun (Wechselstrom); HR 6066 BLS Wagen-Set “Zuckerrüben Transport” ...

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06/21/07
bill introduced: hr2840 national financial literacy act of 2007

to amend the community reinvestment act of 1977 to allow the direct support by a financial institution of a qualified community-based financial literacy program provided to consumers and borrowers to be taken into account in assessing ...

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06/20/07
Bill Action: Introduced: HR 2840: To amend the Community ...

Eddie Johnson [D-TX] introduced HR 2840: To amend the Community Reinvestment Act of 1977 to allow the direct support by a financial institution of a qualified community-based financial literacy program provided to consumers and ...

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