The Community Reinvestment Act (CRA) - An Overview For Small And Intermediate Small Banks 2022 | ProBank Austin | 28 April 2022 | Webinar

The Community Reinvestment Act encourages depository institutions to help meet the credit needs of the entire communities in which they operate, including low and moderate-income neighborhoods, as well as distressed, underserved, and designated disaster areas. Intermediate small institutions are also required to ensure they lend in ways to develop their communities (community development loans).

This webinar will focus on the requirements that Small Banks and Intermediate Small Banks have under the CRA rules, including applicable Questions and Answers issued by the regulatory agencies that seek to explain vague rules and that provide helpful examples.

HERE’S WHAT YOU’LL LEARN:
• What determines whether you are a small bank or intermediate small bank?
• How the bank’s assessment area is defined and assessment area limitations.
• Important definitions, including the definition of “community development.”
• What is a community development loan, investment, or service?
• How the bank is evaluated and rated under the small bank test and the intermediate small bank test.
• How discriminatory or other illegal credit practices can impact a bank’s CRA rating.
• The required content of the CRA public file.
• The CRA notice requirements.
• How CRA is enforced.
• Interagency questions and answers.

2022 Speaker

PRESENTER:

Anetria Cohen
Vice President, ProBank Austin