Description
CRA is not a game, but like playing a game once the rules are mastered results improve. This on-demand program explains the rules as they exist after the Agencies pulled back on the finalized CRA Modernization rules and reinstated the 1995 version.
During November 2017, the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (the Agencies), published a final rule to amend their respective Community Reinvestment Act (CRA) regulations. The rule amended the definitions of “home mortgage loan” and “consumer loan” and the public file content requirements to conform to revisions made by the Consumer Financial Protection Bureau to its Regulation C, which implements the Home Mortgage Disclosure Act. The Agencies also made technical amendments to remove unnecessary cross references as a result of the amended definitions, and to remove an obsolete reference to the Neighborhood Stabilization Program. The revisions were effective on January 1, 2018.
- On September 5, 2018, the OCC published an advanced notice of proposed rulemaking (ANPR) to modernize the CRA regulations. The comment period on the ANPR closed on November 19, 2018. These were revoked.
- On December 12, 2019, the Federal Deposit Insurance Corporation (FDIC) and the OCC announced a proposal to modernize the regulations under the CRA. The 240-page proposal is on a fast track. These never came to fruition.
- On May 20, 2020, the OCC approved a final rule to modernize the CRA regulations. The final rule is effective on October 1, 2020. They were the OCC Bank standard for one year, in 2021. Then they were revoked.
- On May 5, 2022, the FRB, FDIC, and the OCC released the CRA Modernization Proposal. It was finalized in October of 2023. In July 2025, it was replaced with the 1995 rule.
- The crazy roller coaster we call CRA continues to cause challenges for Banks. Understanding and being able to navigate the perplexities is key to getting it right.
WHY?
Bankers should view the 1995 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 to comply with the 1995 rule and to understand the current direction.
TOPICS
This on-demand program includes:
- A review of the basic requirements of CRA and its implementing regulations, including:
- Performance tests, standards, and ratings.
- Assigned ratings.
- Assessment area delineation.
- Public file requirements.
- CRA notices; and
- Community Development activities.
- An explanation of the annual adjustment to the asset-size thresholds used to define “small bank” and “intermediate small bank;” and
- An update on the status of the revisions of the CRA regulations.
- Valuable insight for community development activities and how to track them.
WHO?
The on-demand program is designed for management of the loan department, Compliance Officers, CRA Officers, marketing staff and auditors.
* Please note that the recording links will be delivered to you via a downloadable PDF in your confirmation e-mail. The PowerPoint that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
