Understanding the Impact: Navigating the New CRA Regulations

Date:

Apr 15, 2024

The long-awaited update to the Community Reinvestment Act is finally here. Join us for a detailed discussion of the new rule, including the phased implementation. We’ll set the stage for your formation of working groups and stakeholder meetings, so you can understand how these changes impact your bank.

The OCC, Federal Reserve, and FDIC have finally issued amendments to the Community Reinvestment Act (CRA) regulations. In this webinar, we’ll take a comprehensive look at the main goals of the new rule, and how these goals will be accomplished. We’ll discuss compliance responsibilities within each of the new asset-size tiers, and go over the new Retail Lending Test, Retail Services and Products Test, the CD Financing Test, and the CD Services Test.

We’ll also discuss the recent litigation involving agencies’ supposed overreach with the new rules, and how this is likely to impact future implementation.