The New CRA Final Rule: Preparing Your Program, Systems & Staff
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.” Over the last several years the regulatory agencies have worked on revising the CRA to strengthen its original intent while modernizing it to reflect current banking practices. The final rules have finally been issued and now we know what changes to expect. Join us to learn more!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand the current regulatory requirements and how upcoming 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 your CRA efforts to the board
WEBINAR DETAILS
This session will dive into the rules and provide best practices for preparing your CRA program to meet current and upcoming regulatory expectations. It will compare and contrast what is expected now and what will be expected once the new rules go into effect, including the impact the new rules have on asset size determination for performance tests, standards under new and current tests, and activities to be considered for community development. No matter the size of your bank, this program will provide a comprehensive review of the applicable rules and provide best practices for updating policies, procedures, and practices. Join us for this jam-packed session!
WHO SHOULD ATTEND?
This informative session is designed for CRA officers, compliance officers, lending officers, and internal auditors.
