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Overview of New CRA Rules

It has been years since the federal bank regulatory agencies have overhauled the Community Reinvestment Act (CRA) regulations. Right now, major revisions are unfolding, but in an awkward manner. Bankers should view CRA ratings as a game. You need to learn how to play the game well. The challenge of playing the game is made more difficult as the agencies continuously change the rules of the game. This program contains core knowledge needed by all lenders and pending changes to ensure your institution wins the game.

OnDemand
Recorded Wednesday,
January 10th, 2024
Presented by Kimberly Boatwright
2h total length
2.5 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Commercial/Business Lending
  • Compliance
  • CRA Compliance
  • General Compliance
  • Lending Compliance
  • Risk Management/Legal
  • Commercial Lender
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Internal Auditor
  • Loan Operations Manager/Specialist
  • Marketing Officer/Business Development
  • Risk Manager
  • Senior Management
  • Small Business Lender

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Community Reinvestment Act: The Federal Deposit Insurance Corporation, the Federal Reserve Board and the Office of the Comptroller of the Currency published a proposed rule on May 5, 2022, to revise the CRA regulations. The comment period expired on August 5, 2022. A final rule was issued on October 24, 2023. This program provides a review of the basic requirements of CRA and its implementing regulations.

What You'll Learn

  • Previous and revised performance tests, standards, and ratings
  • Assessment area delineation under the new facility-based and deposit-based methods
  • New concepts such as retail deposits, retail lending product lines, and qualifying activities lists
  • Evaluation concepts such as CRA Evaluation Measures, geographic distribution tests, and borrower distribution tests
  • Expanded data collection requirements 
  • Community Development activities under the previous and revised regulations
  • The status of “intermediate small banks." Will the category continue to exist?
  • How small is a "small bank" under previous ($1.305 billion) and new regulations ($600 million)
  • A review of the CRA Questions and Answers, exam results, and CRA agreements
  • Public file requirements

Who Should Attend

Whether you are new to the requirements of the CRA and its regulations or a seasoned veteran, this program provides a comprehensive review of the rapidly changing requirements of the CRA program and is designed for loan officers, compliance officers, CRA officers, loan department staff, bank counsel, and auditors.

Kimberly Boatwright

Instructor Bio

Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Continuing Education Credit Information

Overview of New CRA Rules has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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