2024年8月28日 · All anomalous objects, entities, and phenomena requiring Special Containment Procedures are assigned an Object Class. An Object Class is a part of the standard SCP template and serves as a rough indicator for how difficult an object is to contain.

The AO provides the following illustrative, but not exhaustive, examples of a class of persons an SPCP could target: minority residents of low- to moderate-income census tracts; residents of majority-Black census tracts; operators of small farms in rural counties; minority- or women-owned small business owners;

2023年7月12日 · SPCPs allow nonprofit and for-profit organizations broad discretion in designing credit assistance programs that increase access to credit and provide favorable terms and conditions to economically disadvantaged groups, including participants that may possess one or more common characteristics, such as race, national origin, or sex.1 However, Re...

2024年11月14日 · Five federal financial institutions regulatory agencies, in conjunction with HUD, DOJ, and FHFA are issuing the enclosed interagency statement to remind creditors of the ability under ECOA and Regulation B to establish special purpose credit programs to meet the credit needs of specified classes of persons.

2022年2月22日 · Highlights This bulletin conveys the interagency statement, which reminds creditors, which include those that are banks, of the ability under the ECOA and Regulation B to establish SPCPs to meet the credit needs of specified classes of persons.

urpose Credit Programs (SPCPs). SPCPs provide a targeted means for creditors to meet special social needs and benefit economically disadvantaged groups, including groups that share a common characteristic such a.

In recent years, special purpose credit programs (SPCPs) have grown in popularity as a way for policymakers to allow lenders to offer credit to borrowers of protected classes. These programs can be people based or place based, offering special purpose credit to individual borrowers or to areas where many of them live, respectively.

But the ECOA has an exception for a special purpose credit program (SPCP) that permits creditors to specifically target certain groups of persons and businesses to meet special social needs or to help economically disadvantaged classes of persons.

SPCPs are targeted lending products designed to specifically advantage an economically disadvantaged group of people. SPCPs can be created to benefit designated protected classes of people. The process of building an SPCP begins with assessing the need for such a program, primarily using the public data sources of HMDA, ACS and US Census.

SPCP's Procedures and Standards for Extending Credit ( 12 C.F.R. § 1002.8 (a) (3) (i) ). An SPCP's procedures and standards must be designed to increase the likelihood that the class of persons the SPCP is designed to benefit (SPCP class) will: receive credit under the SPCP; or receive credit under the SPCP on more favorable terms.