Community Reinvestment Act: Preparing for Regulatory Changes

All was quiet on the Community Reinvestment Act (CRA) front for over 15 years, until 2020 when the OCC issued their final rule to “strengthen and modernize” current CRA regulations and the Federal Reserve issued an Advanced Notice of Proposed Rulemaking detailing their own approach to bringing CRA into the 21st century. Then in 2021, the OCC pulled back on these new rules and now the Agencies will be issuing a joint CRA ruling.

Receiving a strong CRA rating is very important.  A poor rating can significantly impact board and management’s strategic goals and adversely affect your bank’s reputation in the communities you serve.  This session will dive into these rules and explain how to prepare your CRA program to meet regulatory expectations.  Whether you are a small bank, intermediate-small bank, or a large bank, this webinar will address the rules that apply to you.  It will also review best practices for documenting your efforts during the recent pandemic to ensure your bank receives credit for all you have done to assist your communities. Join us for this jam-packed session!

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.