Description
Gain a better understanding of where CRA will ultimately emerge and inform the next several decades of regulation.The outcome of a CRA Examination may impact your bank’s ability to expand its operations or merge with other institutions and may affect the perception of your institution in the community. Successful CRA Exams require planning, recordkeeping and followup. In August 2018, the OCC published an Advance Notice of Proposed Rulemaking entitled Reforming the Community Reinvestment Act Regulatory Framework. The response of CRA stakeholders, including banks and bank trade associations, community groups and advocacy groups and state regulators, was overwhelming and reflected a variety of approaches. We expect that other federal regulators will inform the OCC’s lead on the rulemaking and that proposed rules will be issued for comment in the final quarter of 2019 or the first quarter of 2020. This material will inform your understanding of where CRA will ultimately emerge and inform the next several decades of regulation.
Date: 2019-07-18 Start Time: End Time:
Learning Objectives