Final CRA Rules for Intermediate Banks 2024 | Independent Community Bankers of America (ICBA) | 17 January 2024 | Webinar
Venue
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| Event Date |
Thu Jan 18 UTC (11 months ago)
In your timezone (EST): Wed Jan 17 7:00pm - Wed Jan 17 7:00pm |
| Location | Webinar |
| Region | All |
Details
The banking agencies finalized significant changes to the Community Reinvestment Act (CRA). The final rule is designed to adapt CRA regulations to banking industry changes, improve clarity to regulated institutions, tailor evaluations and data collection to bank size and type, and maintain a unified interagency approach.
The final rule takes effect in April 2024 and will require mandatory bank compliance by January 1, 2026.
This webinar will explain what is required for intermediate banks under the final rule including the Retail Lending Test, the existing Community Development Test and the optional Community Development Financing Metric Test.
Learning Objectives:
• Understand the key evaluations, important dates, and definition of an intermediate bank.
• Learn about the requirements to comply with the new Retail Lending Assessment Areas.
• Learn about the new and optional community development financing calculation and how to comply.
Speakers
2024 Speaker
Steffani Jenkins
CRA Liaison & Business Development Officer, CRA Partners