Overview & Key Components of the Proposed Interagency CRA Rules

The banking regulators have jointly issued a proposal to "strengthen and modernize" the CRA regulations and examination process. The last substantive changes were 27 years ago and the 619-page proposal outlines important changes in key CRA measurements for assessment area evaluations and community development activities that qualify for consideration. Various tests for retail services, community development services, and small bank performance standards will be reviewed.

Recorded Wednesday,
August 3rd, 2022
Presented by Susan Costonis
1h 30m total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Commercial/Business Lending
  • Compliance
  • CRA Compliance
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Risk Management/Legal
  • Bank Legal Counsel
  • Branch Manager
  • Commercial Lender
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Internal Auditor
  • Loan Operations Manager/Specialist
  • Marketing Officer/Business Development
  • Mortgage Lender
  • Risk Manager
  • Senior Management

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The chance to significantly overhaul banking regulations comes around perhaps once in a generation — or maybe twice. On May 11, 2022 the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency released a proposed set of overhauled regulations under the Community Reinvestment Act, the 1977 law intended as a countermeasure against discriminatory lending (AKA redlining). The comment period ends August 5, 2022.

What potential impacts are likely for YOUR bank, based on your size of being evaluated as a small, intermediate or large bank?

What You'll Learn

  • Review of key elements of the proposed rule and comparisons to the current regulations
  • A recap of the May 5, 2022 Interagency Webinar on the CRA proposal
  • Potential use of the Section 1071 proposed rules for minority and women-owned small business loans

There are eight performance tests that have potential implications for your bank's CRA strategy, they include:

  1. The Retail Lending Test for large and intermediate banks. The test also includes screens and metrics.
  2. The Retail Services and Products Test for large and intermediate banks.
  3. The Community Development Financing Test for large and intermediate banks. The test includes metrics and benchmarks.
  4. The Community Development Services Test for large banks. The test includes metrics.
  5. The Community Development Financing Test for Wholesale or Limited Purpose Banks.
  6. The small bank performance standards.
  7. The intermediate bank community development performance standards.
  8. Standards in a strategic plan

Who Should Attend

This program will benefit lenders, compliance officers, CRA officers, lending support staff, legal counsel, auditors, and those involved in acquisitions and merger activities.

Susan Costonis

Instructor Bio

Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training.

Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and ?translates? complex regulations into simple concepts by using humor and real life examples.