[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR265.9]

[Page 788-789]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 265--RULES REGARDING DELEGATION OF AUTHORITY--Table of Contents
 
Sec. 265.9  Functions delegated to the Director of Division of Consumer and Community Affairs.

    The Director of the Board's Division of Consumer and Community 
Affairs (or the Director's delegee) is authorized:
    (a) Issuing examination manuals, forms, and other materials. To 
issue examination or inspection manuals; report, agreement, and 
examination forms; examination procedures, guidelines, instructions, and 
other similar materials pursuant to: section 11(a) of the Federal 
Reserve Act (12 U.S.C. 248(a)); sections 108(b), 621(c), 704(b), 814(c), 
and 917(b) of the Consumer Credit Protection Act (15 U.S.C. 1607(b), 
1681s(b), 1691c(b), 1692l(c) and 1693o(b)); section 305(c) of the Home 
Mortgage Disclosure Act (12 U.S.C. 2804(c)); section 18(f)(3) of the 
Federal Trade Commission Act (15 U.S.C. 57a(f)(3)); section 808(c) of 
the Civil Rights Act of 1968 (42 U.S.C. 3608(c)); section 270(b) of the 
Truth in Savings Act (12 U.S.C. 4309); and section 5 of the Bank Holding 
Company Act of 1956 (12 U.S.C. 1844(c)). The foregoing manuals, forms, 
and other materials are for use within the Federal Reserve System in the 
administration of enforcement responsibilities in connection with:
    (1) Sections 1-200 and 501-921 of the Consumer Credit Protection Act 
(15 U.S.C. 1601-1693r), in regard to the Truth in Lending Act, the 
Consumer Leasing Act, the Equal Credit Opportunity Act, the Electronic 
Fund Transfer Act, the Fair Credit Reporting Act and the Fair Debt 
Collection Practices Act;
    (2) Sections 301-312 of the Home Mortgage Disclosure Act (12 U.S.C. 
2801-2811);
    (3) Section 18(f)(1)-(3) of the Federal Trade Commission Act (15 
U.S.C. 57a(f)(1)-(3));
    (4) Section 805 of the Civil Rights Act of 1968 (42 U.S.C. 3605) and 
rules and regulations issued thereunder;
    (5) Section 1364 of the National Flood Insurance Act of 1968 (42 
U.S.C. 4101(a)), and sections 105(b) and 202(b) of the Flood Disaster 
Protection Act of 1973 (42 U.S.C. 4012a(b), 4106(b));
    (6) Section 19(j) of the Federal Reserve Act (12 U.S.C. 371b); and
    (7) Sections 801-806 of the Community Reinvestment Act (12 U.S.C. 
2901-2905).
    (8) Sections 261-274 of the Truth in Savings Act (12 U.S.C. 4301-
4313).
    (b) Consumer Advisory Council. Pursuant to section 703(b) of the 
Consumer Credit Protection Act (15 U.S.C. 1691b(b)), to call meetings of 
and consult with the Consumer Advisory Council established under that 
section, approve the agenda for such meetings, and accept any 
resignations from Consumer Advisory Council members.
    (c) Determining inconsistencies between state and federal laws. To 
determine whether a state law is inconsistent with the following federal 
acts and regulations:
    (1) Sections 111, 171(a) and 186(a) of the Truth in Lending Act (15 
U.S.C. 1610(a), 1666j(a), 1667e(a)) and Sec. 226.28 of Regulation Z (12 
CFR part 226) and Sec. 213.7 of Regulation M (12 CFR part 213);
    (2) Section 919 of the Electronic Fund Transfer Act (15 U.S.C. 
1693q), Sec. 205.12 of Regulation E (12 CFR part 205);
    (3) Section 705(f) of the Equal Credit Opportunity Act (15 U.S.C. 
1691d(f) and Sec. 202.11 of Regulation B (12 CFR part 202);
    (4) Section 306(a) of the Home Mortgage Disclosure Act (12 U.S.C. 
2805(a)) and Sec. 203.3 of Regulation C (12 CFR part 203); and
    (5) Section 273 of the Truth in Savings Act (12 U.S.C. 4312) and 
Sec. 230.1 of Regulation DD (12 CFR part 230).
    (d) Interpreting the Fair Credit Reporting Act. To issue 
interpretations pursuant to section 621(e) of the Fair Credit Reporting 
Act (15 U.S.C. 1681s(e));
    (e) Annual adjustments. To adjust as required by law:
    (1) The amount specified in section 103(aa)(1)(B)(ii) of the Truth 
in Lending Act and Sec. 226.32(a)(1)(ii) of Regulation Z (12 CFR part 
226), relating to mortgages bearing fees above a certain

[[Page 789]]

amount in accord with section 103(aa)(3) of that act (15 U.S.C. 
1602(aa)); and
    (2) The amount specified in section 309(b)(1) of the Home Mortgage 
Disclosure Act (12 U.S.C. 2808(b)(1)) and Sec. 203.3(a)(1)(ii) of 
Regulation C (12 CFR part 203) relating to the asset threshold above 
which a depository institution must collect and report data.
    (f) Community Reinvestment Act determinations. To make 
determinations, pursuant to section 804 of the Community Reinvestment 
Act (12 U.S.C. 2903), approving or disapproving:
    (1) Strategic plans and any amendments thereto pursuant to 
Sec. 228.27(g) and (h) of Regulation BB (12 CFR part 228); and
    (2) Requests for designation as a wholesale or limited purpose bank 
or the revocation of such designation, pursuant to Sec. 228.25(b) of 
Regulation BB (12 CFR part 228).
    (g) Public hearings. To conduct hearings or other proceedings 
required by law, concerning consumer law or other matters within the 
responsibilities of the Division of Consumer and Community Affairs, in 
consultation with other interested divisions of the Board where 
appropriate.

[56 FR 25619, June 5, 1991, as amended at 56 FR 67154, Dec. 30, 1991; 58 
FR 65540, Dec. 15, 1993; 63 FR 65044, Nov. 25, 1998]