CBC I: The Updated CRA Regulation: What You Need to Know

Date:

Feb 13, 2024

Location:
IBA Center for Professional Development
8425 Woodfield Crossing Blvd.
155E
Indianapolis, IN 46240

After many “starts” and “stops,” the 1995 version of the Community Reinvestment Act (CRA) has been updated. While the core purpose of the CRA has remained unchanged over the last 30 years, banking and technology have evolved, prompting changes addressed in the new regulation. The pronouncement spans over 1,400 pages, with more than 400 of them dedicated to the actual regulatory text.  The manual will be extensive, but our focus will be on the essential information you truly need to know. Of course, all the regulatory text will be included. 

The regulation will pose increased challenges even for smaller banks, and significant changes will be evident for large banks. We will discuss the requirements for banks of all sizes in detail. Though the rule will not take effect for a couple of years, it is imperative for all banks, regardless of size, to begin preparing for the “new” CRA now. This seminar will offer all attendees a “road map” to help prepare for the future.

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