Final CRA Rules for Small Banks 2024 | Independent Community Bankers of America (ICBA) | 24 January 2024 | Webinar
Venue
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| Event Date |
Thu Jan 25 UTC (11 months ago)
In your timezone (EST): Wed Jan 24 7:00pm - Wed Jan 24 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.
Attend to understand what is required for small banks under the final rule, the optional "Retail Lending Test" and the optional submission of Community Development activities.
Learning Objectives:
• Understand the key evaluations, important dates, and definition of a small bank.
• Learn about the requirements of the optional Retail Lending Assessment Areas.
• Learn about the new and optional submission of the Community Development activities.
Speakers
2024 Speaker
Steffani Jenkins
CRA Liaison & Business Development Officer, CRA Partners