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Understanding the Impact: Navigating the New CRA Regulations

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.

OnDemand
Recorded Monday,
April 15th, 2024
Presented by Carl Pry
2h total length
2.5 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • CRA Compliance
  • Risk Management/Legal
  • Bank Legal Counsel
  • Board Member
  • Branch Manager
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Internal Auditor
  • Risk Manager
  • Senior Management
  • Training Manager
  • Trainer

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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.

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
  • Timeframes for compliance

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

Instructor Bio

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.


Continuing Education Credit Information

Understanding the Impact: Navigating the New CRA Regulations has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.