Understanding the Impact: Navigating the New CRA Regulations

Monday, April 15th, 2024 1:30 pm - 3:30 pm CT

A BankWebinars.com Program

Click Here to register for program $299.00

Click Here to register for program and receive recording $449.00

The long-awaited update to the Community Reinvestment Act is finally here. Join us for a detailed discussion of the new rule, including the phased implementation. We’ll set the stage for your formation of working groups and stakeholder meetings, so you can understand how these changes impact your bank.

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

Instructors

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Treliant LLC in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country.