CRA Today: Enhancing Your Policy, Procedures & Program
While the agencies have announced their intention to rescind the October 2023 CRA Final Rule, banks are still expected to meet the standards set forth in the current rules. This session will dive into the current CRA rules and provide best practices for meeting regulatory expectations. Join us for this jam-packed session!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand current regulatory requirements and how changes may impact your CRA program
- Identify technical requirements for banks of all sizes
- Develop effective CRA compliance strategies
- Maintain adequate documentation to support your institution’s CRA efforts
- Conduct a thorough CRA self-assessment
- Communicate CRA efforts to the board
WEBINAR DETAILS
The Community Reinvestment Act (CRA) was enacted to encourage banks to help “meet the credit needs of their local communities, including low- and moderate-income (LMI) neighborhoods, in a safe and sound manner.” The regulatory agencies take your CRA exam results into account when considering certain applications, such as deciding whether to approve an application for a new deposit facility or to merge or acquire another institution. This program will explore the exam procedures for small, intermediate, and large institutions and compare the expectations for each under the various performance tests. It will detail the contents of a compliant public file, as well as the data collection and reporting requirements. Helpful tools and best practices will be provided to enhance your policies, procedures, and practices, and prepare you for your next exam.
WHO SHOULD ATTEND?
This informative session is designed for CRA officers, compliance officers, lending officers, and internal auditors.
