Description
* Please note that the recording links will be delivered to you via a downloadable document in your confirmation e-mail. The materials that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
The Federal Reserve, FDIC, and OCC released their final ruling on CRA Modernization on October 24, 2023, and the massive, 1,500-page interagency regulation features several significant changes to CRA.
This two-hour on-demand webinar examines the final rule in-depth and provides the framework to start building a plan for compliance at your bank.
WHY:
Whether you’re new to the requirements or a seasoned veteran, you’ll come away from this session with:
- A comprehensive review of the changing requirements to CRA and the impact on your bank.
- An understanding of how different sized banks are evaluated, either by thresholds, ratings, or a combination.
- The key definitions of assessment areas and how to address each type.
- A solid grasp of how the agencies use different performance tests and standards to assess a bank’s CRA performance, and which tests apply to each type of institution.
- Insight into how data collection and reporting comes into play.
WHO:
The on-demand program is designed for loan officers, compliance officers, CRA officers, loan department staff, bank counsel and auditors.
