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CRA Nuts & Bolts – Five Steps to Pass the Exam
September 16 @ 10:00 am - 11:30 am CDT
Writing a dynamic CRA context report can show examiners not only that your financial institution understands the community credit needs, but that you are effectively meeting the needs in the assessment areas you serve. We will review the steps required to establish your case and demonstrate why your CRA program qualifies for a “Satisfactory” or possibly “Outstanding” rating.
The definition of “community development changed in September, 2005 to including, among other things, activities that revitalize or stabilize designated disaster areas. A financial institution’s activity will be considered to revitalize or stabilize a designated disaster area if it helps to attract new, or retain existing, businesses or residents and is related to disaster recovery and examiners will consider revitalization or stabilization activities that take place within 36 months after the date of the disaster designation. Could your financial institution be eligible to receive special consideration for lending in a designated disaster area?
- Five steps for managing a CRA exam and the importance of developing a CRA strategy.
- Tips for banks that are ISB (intermediate small banks of $326 million in the prior two calendar years and the transition to CRA reporting when the large bank threshold of $1.305 billion is reached.
- Learn how to document lending activity in designated disaster areas.
- What’s included in a performance context? Learn how to describe your institution, quantify the ability and capacity of the bank to meet credit needs based on financial data. Learn how to highlight the positive outcomes of your lending focus and business strategy.
- Tips to describe your assessment area including demographic and economic data resources.
- Best practices to deal with CRA-related complaints and potential fair lending issues that can threaten a successful exam.
- Definitions of Community Development Loans and Services
- Ideas for passing the Investment Test portion of the exam
- Overview of the OCC rules that become effective on October 1,2020 but also phases in a framework for small and intermediate banks by January 1, 2024. NOTE: The FDIC and Federal Reserve did NOT join in these new rules.
- Helpful CRA compliance resources and regulatory guidance
Who Should Attend?
This session is “must” for CRA Officers of small, intermediate, and large institutions. The session will also benefit the Board & senior management, credit administration, lenders, compliance, and marketing professionals.