Aug 6, 2024
This all-day streaming session will go over the details of the new Community Reinvestment Act (CRA) and point out important differences between it and current requirements. We’ll discuss who has to do what and when, and we’ll set the stage for individual banks’ formation of working groups and stakeholder meetings, so you can understand how these changes impact your bank. We’ll pay particular attention to the timeframes involved, as implementation will be somewhat of a phased process.
After what has seemed like an endless series of irregular periods of action, the OCC, Federal Reserve, and FDIC have finally issued their long-awaited amendments to the Community Reinvestment Act (CRA) regulations.
Banking has come a long way since 1977, when the original CRA regulations were issued – we’ve seen the evolution into the incredible new array of digital products and services and major changes in the way those products and services are delivered.
But the core concepts of the CRA remain: banks are evaluated on their performance within their communities, particularly on the lending side, with a particular focus on Low- and Moderate-Income (LMI) areas within its assessment area. The CRA regulations have long needed to be updated to reflect the new realities of banking, and we finally know what those responsibilities are. However, we’ve seen some important differences from the Proposed Rule that we must understand and incorporate.
August 6th, 2024
10:00 am - 5:00 pm EST
What You'll Learn
Who Should Attend
This event will be useful for anyone in the bank who has any sort of direct responsibility under the CRA, including compliance professionals, risk managers, auditors, legal counsel, and others. As well, anyone on the lending side of the bank who will be responsible for any of the many activities, products, services, and activities that will be evaluated under the new standards, will benefit from the discussion.
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country.
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380