The OCC, Federal Reserve, and FDIC have finally issued amendments to the Community Reinvestment Act (CRA) regulations. In this webinar, we’ll take a comprehensive look at the main goals of the new rule, and how these goals will be accomplished. We’ll discuss compliance responsibilities within each of the new asset-size tiers, and go over the new Retail Lending Test, Retail Services and Products Test, the CD Financing Test, and the CD Services Test.
We’ll also discuss the recent litigation involving agencies’ supposed overreach with the new rules, and how this is likely to impact future implementation.
What You’ll Learn
- 4 main goals of the new rule
- Evaluation of lending activities outside a bank’s assessment area and in non-branch delivery systems such as online/mobile banking
- New metrics-based approach to CRA evaluations
- Small banks: Use existing standards or opt into the new framework?
- Transparency with the public
- Timeframes for compliance
Who Should Attend
This webinar will be useful for anyone with direct responsibility under the CRA, including compliance professionals, risk managers, auditors, and legal counsel, as well as anyone on the lending side responsible for products, services, and activities that will be evaluated under the new standards.