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.
Monday April 15th, 2024
2:30 pm - 4:30 pm EST
What You'll Learn
4 main goals of the new rule
Evaluation of lending activities outside a bank’s assessment area and in non-branch delivery systems such as online/mobile banking
New metrics-based approach to CRA evaluations
Small banks: Use existing standards or opt into the new framework?
Transparency with the public
Who Should Attend
This webinar will be useful for anyone with direct responsibility under the CRA, including compliance professionals, risk managers, auditors, and legal counsel, as well as anyone on the lending side responsible for products, services, and activities that will be evaluated under the new standards.
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Treliant LLC 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. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.
Available Upgrades
$120.00
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380