pages: OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2016-06-07.pdf, 18
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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil | 2016-06-07 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL June 7, 2016 Redevelopment Successor Agency and the City Council 14 Subject: Linked Banking Services Ordinance Amendment From: Housing And Community Development Department Recommendation: Adopt An Ordinance Amending Ordinance No. 12066 C.M.S. Establishing The Linked Banking Services Program To Add Reporting Requirements, And Codifying The Linked Banking Services Ordinance Into The Oakland Municipal Code 15-0981 Council asked staff to provide information regarding small banks and address the proposed amendments by Councilmember Kalb (which the Council did not act on) as follows: Section 4.52.040 Reporting Such information must be provided at the census tract level, and, for information on lending to individuals or businesses, must be broken down by the race or ethnicity and income category of the borrower or business owner, to the extent the depository collects such information. SUCH INFORMATION SHALL ALSO BE PROVIDED IN A SEARCHABLE, ELECTRONIC SPREADSHEET OR DATABASE FORMAT. Depositories meeting the definition of a small bank contained in the federal Community Reinvestment Act may elect to submit information annually on one or more reporting areas to demonstrate that it has met its Fair Share Goal of providing community credit. In addition, depositories that provide the City with Banking Services or that propose to provide the City with Banking Services must provide the following Information, to the extent such information is collected, in a format provided by the City Administrator, AND ON ANNUAL BASIS OF PROVIDING BANKING SERVICES TO THE CITY: F. Information on any felony convictions of the depository and any civil or regulatory fines or penalties exceeding $10 million imposed on the depository within the past TEN years. H. A list of names and locations of payday lending companies doing business In Oakland that are affiliated with the depository OR THAT HAVE AN OUTSTANDING LOAN OR CREDIT FACILITY WITH THE DEPOSITORY. I. THE NUMBER AND AMOUNT OF LOANS TO SMALL BUSINESSES IN OAKLAND BY YEAR OVER THE PAST FIVE YEARS. For the information required under subsections A through D above, the information must be provided IN A SEARCHABLE, ELECTRONIC SPREADSHEET OR DATABASE FORMAT AND at the census tract level, and must include demographic information on borrowers or applicants, including their race or ethnicity and income category specified by the City, to the extent such information is collected by the depository. This Ordinance was Referred.to the *Rules & Legislation Committee to be heard 6/9/2016 City of Oakland Page 18 Printed on 6/17/2016 | 18 | OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2016-06-07.pdf |