WBA CRA Workshop
The WBA CRA Workshop will be offered in a hybrid format. You have the option to attend in person at Glacier Canyon Lodge in Wisconsin Dells or attend virtually via livestream.
The new CRA framework is finally here. On October 24, 2023, the Federal Reserve Board, the FDIC, and the OCC issued a long-awaited final rule to implement the Community Reinvestment Act (CRA). This new rule updates the long-standing CRA framework that has been used for the last two decades, meaning that CRA change is now coming for banks. One of the biggest changes with this rule is that it is going to have slightly different thresholds to determine whether a bank is examined under the small, intermediate, and large bank test, and both small and intermediate sized banks will have the option to opt-in to certain tests. Therefore, it is important for bankers to understand how this rule is going to apply to them so that they can start working now to be prepared for the upcoming changes.
This CRA Workshop will start out with an overview of the new CRA rule, helping attendees understand the larger framework that will be required. After this, we will walk through the new rule, pointing out which parts apply to small, intermediate, and large banks respectively. This discussion will include reviewing topics such as the new retail tests, discussing the transition rules and implementation dates, reviewing the CRA public file requirements, discussing the opt-in options for small and intermediate banks, and even reviewing the public notice requirements. The bottom line goal of this seminar is to help attendees understand the CRA requirements of the new rule.
Speaker: Adam Witmer, CRCM, MBA, Founder/CEO — Compliance Cohort, LLC
Adam Witmer is president and CEO of Compliance Cohort, LLC where he writes articles and teaches on all compliance topics. Having taught hundreds of times to thousands of bankers throughout the country, Witmer takes a three part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman’s terms, and by keeping it light and humorous whenever possible. Witmer has found that this “3-E” approach allows students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Prior to going full time for Compliance Cohort LLC, Witmer held a number of roles in financial institutions both big and small. Most recently, Witmer was an executive at a small community bank in northern Indiana where he oversaw the bank’s risk management, BSA, compliance, and audit programs. He has also held positions as a senior consultant for a national consulting firm, an AVP and director of compliance for a regional multi-bank holding company, a banker at a large national bank, and a loan originator at a mortgage subsidiary of a regional community bank. A Certified Regulatory Compliance Manager (CRCM) through the American Bankers Association, Witmer earned his bachelor’s degree at Taylor University and his MBA at Indiana Tech. He currently resides in the lake country of Northern Indiana with his wife and three children.
Who Should Attend:
This full day workshop is for anyone that is responsible for or interested in the Community Reinvestment Act, including but not limited to CRA Officers, Compliance Officers, Training Officers, Risk Managers, or anyone that is responsible for managing the CRA function of the bank.
The registration fee of $245 includes program registration, instruction and materials, refreshment breaks and lunch for those in person. A recording will also be available once this session has officially ended. Registration for livestream access provides one connection for the individual who is registered. Additional attendees from the bank who also would like to attend and receive materials should register separately. Each individual virtual attendee can request a verification of attendance upon completion of the program (whether attending live during the livestream or watching the on-demand recording).
A refund, less a $25 administrative fee, is provided for cancellations requested on or before February 26.