Writing a dynamic CRA context report can show examiners not only that your financial institution understands the community demonstrate why your CRA program qualifies for a “Satisfactory” or possibly “Outstanding” rating credit needs, but that you are effectively meeting the needs in the assessment areas you serve. We will review the steps required to establish your case and tips for managing the exam.
The definition of “community development changed in September, 2005 to including, among other things, activities that revitalize or stabilize designated disaster areas. A financial institution’s activity will be considered to revitalize or stabilize a designated disaster area if it helps to attract new, or retain existing, businesses or residents and is related to disaster recovery and examiners will consider revitalization or stabilization activities that take place within 36 months after the date of the disaster designation. Could your financial institution be eligible to receive special consideration for lending in a designated disaster area?
- Five steps for managing a CRA exam and the importance of developing a CRA strategy.
- Review of the FAQs relating CRA and COVID-19 pandemic were added on March 8, 2021
- NEW! – The OCC issued a proposal on September 8, 2021 to rescind the CRA rule published in June 2020 and replace it with rules the federal banking agencies adopted in 1995
- Five FAQs relating to CRA and the COVID 19 pandemic were added on March 8, 2021 by the OCC, FDIC, and Federal Reserve
- Tips for banks that are ISB (intermediate small banks of $330 million in the prior two calendar years and the transition to CRA reporting when the large bank threshold of $1.322 billion is reached.
- Learn how to document lending activity in designated disaster areas.
- What’s included in a performance context? Learn how to describe your institution, quantify the ability and capacity of the bank to meet credit needs based on financial data. Learn how to highlight the positive outcomes of your lending focus and business strategy.
- Tips to describe your assessment area including demographic and economic data resources.
- Best practices to deal with CRA-related complaints and potential fair lending issues that can threaten a successful exam.
- Definitions of Community Development Loans and Services
- Ideas for passing the Investment Test portion of the exam
Who Should Attend
This session is “must” for CRA Officers of small, intermediate, and large institutions. The session will also benefit the Board & senior management, credit administration, lenders, compliance, and marketing professional.