CRA Exam Preparation: Documenting Compliance

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. In this session we will review the CRA rules and provide best practices for how you can prepare your CRA program to meet regulatory expectations.

We will dive into the exam procedures for small, intermediate, and large institutions and compare the expectations for each under the various performance tests. We will detail the contents of a compliant public file as well as the data collection and reporting requirements under the Act. Helpful tools and best practices will be provided to enhance your policies, procedures, and practices, and to prepare you for your next exam. Join us for this jam-packed session!