It has been years since the federal bank regulatory agencies have overhauled the Community Reinvestment Act (CRA) regulations. Right now, major revisions are unfolding, but in an awkward manner. Bankers should view CRA ratings as a game. You need to learn how to play the game well. The challenge of playing the game is made more difficult as the agencies continuously change the rules of the game. This program contains core knowledge needed by all lenders and pending changes to ensure your institution wins the game.
Community Reinvestment Act: The Federal Deposit Insurance Corporation, the Federal Reserve Board and the Comptroller of the Currency published a proposed rule on May 5, 2022 to revise the CRA regulations. Comment period expired on August 5, 2022. A final rule is expected in 2023. This program provides a review of the basic requirements of CRA and its implementing regulations.
What You’ll Learn
Existing, proposed, and revised performance tests, standards, and ratings
Assessment area delineation under the current rule and the new facility-based and deposit-based methods
New concepts such as retail deposits, retail lending product lines, and qualifying activities lists
Evaluation concepts such as CRA Evaluation Measures, geographic distribution tests, and borrower distribution tests
Current data collection requirements and the expanded requirements under the proposed and final rules
Community Development activities under the current, proposed, and revised regulations
The status of “intermediate small banks.” Will the category continue to exist?
How small is a “small bank” under existing ($1.305 billion) and proposed regulations ($600 million)
A review of the CRA Questions and Answers, exam results, and CRA agreements
Public file requirements
The status of the proposed and final revisions to the regulations
Who Should Attend
Whether new to the requirements of the CRA and its regulations or a seasoned veteran, this program provides a comprehensive review of the rapidly changing requirements of the CRA program and is designed for loan officers, compliance officers, CRA officers, loan department staff, bank counsel, and auditors.
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a ... read more.
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