Description
Achieving an Outstanding CRA rating involves a lot of work for very little payoff. We suggest banks do the work needed for an Outstanding rating, but if the effort comes up a little short then settle for a solid Satisfactory rating. The failure to achieve a Satisfactory or Outstanding CRA rating can increase the difficulty in getting various applications approved by your federal regulator. A lower rating results in additional work to restore the rating. This on-demand program provides the information needed to achieve the top CRA rating.
Upon completion of this on-demand program you’ll understand:
- How to obtain an Outstanding CRA rating.
- The established criteria for an outstanding rating for:
- Large banks.
- Intermediate small banks (Intermediate Banks under new final OCC CRA rules).
- Small banks.
- Wholesale banks.
- Limited purpose banks; and
- A bank submitting a strategic plan.
- The evolving criteria for an outstanding rating under recent regulatory proposal.
- How the CRA Regulatory Rating process works.
- The role of CD activities in the current CRA Rating process; and
- The role of CD activities in the recent regulatory proposal.
Who:
The session is designed for directors and senior management, management of the loan department, Compliance Officers, CRA Officers, marketing staff and auditors.
Background:
Every bank (small, intermediate small or large) would like to obtain an Outstanding CRA rating, but less than 10% of all banks actually achieve this distinction. To receive an Outstanding CRA rating a bank must do everything necessary to obtain a Satisfactory rating, plus more. This program focuses on the “plus more.” Our suggestion is to shoot for an Outstanding rating and settle for a solid Satisfactory rating.
This program reviews:
- Why a bank may want to seek an Outstanding CRA rating.
- The established criteria for an outstanding rating for each category of banks.
- The evolving criteria for obtaining an Outstanding rating under recent final regulations.
- The actual process of obtaining an Outstanding CRA rating; and
- A preview of how the proposed Interagency CRA Rules will impact the rating process.
* 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.
