CRA Review and Update Webinar

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 awkward manner.

  • On December 12, 2019 the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released a Notice of Proposed Rulemaking (NPR) intended to increase bank activity in low- and moderate-income communities where there is significant need for credit, more responsible lending, greater access to banking services, and improvements to critical infrastructure.
  • On May 20, 2020, the OCC approved a final rule to modernize the CRA regulations. The final rule is effective on October 1, 2020, but it will be several years before national banks have to fully implement the regulations.
  • On September 21, 2020 the Federal Reserve Board (FRB) released an Advanced Notice of Proposed Rulemaking that starts the process of revising the FRB’€™s Regulation BB, which implements the Community Reinvestment Act for state member banks.
  • On May 18, 2021, the Office of the OCC published OCC Bulletin 2021-2, which states that the OCC has determined that it will reconsider the final CRA Rule published on June 5, 2020. This is a major step towards achieving uniform revised CRA regulations.
    At present the FDIC, the OCC and the Federal Reserve Board are united in the belief that major revisions to the CRA regulations are needed, but all three agencies are headed in different directions.

The “CRA – Review and Update” webinar has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. To receive a certificate, email streaming@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

Covered Topics

  • Existing, proposed and revised performance tests, standards, and ratings;
  • Assigned ratings under current, proposed and revised regulations;
  • 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;
  • Evaluation options under current, proposed and final rules;
  • 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 ‘€œintermediate small banks.” (Will the category continue to exist?);
  • How small is a “small bank” under existing ($1.305 billion), proposed ($500 million) and revised regulations ($600 million);
  • An explanation of the periodic adjustments to the asset-size thresholds used to define ‘€œsmall bank’€ and ‘€œintermediate small bank;’€
  • A review of recent redlining cases;
  • A review of the CRA Questions and Answers, exam results and CRA agreements;
  • Public file requirements;
  • CRA notices;
  • An explanation of how to obtain community development credit for COVID-19-related activities; and
  • The status of the proposed and final revisions to the regulations.

Who Should Attend?

The program is designed for loan officers, compliance officers, CRA officers, loan department staff, bank counsel and auditors. 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.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

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Related Topics

Instructor

Jack Holzknecht
Jack Holzknecht

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 45 years. In 40 years as a trainer over 150,000 bankers (and many examiners) have part... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
CRA Review and Update0.25 Any AnyWebinarSix Month On-Demand Recording Jack Holzknecht$295.00 Register Now
CRA Review and Update0.25 Any AnyWebinarCD-ROM Video Recording Jack Holzknecht$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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