The Federal Reserve, FDIC, and OCC released their final ruling on CRA Modernization on October 24, 2023, and the massive, 1,500-page interagency regulation features several significant changes to CRA. This 90-minute webinar examines the final rule and provides the framework to start building a plan for change and compliance at your bank.

TOP REASONS TO ATTEND:
After almost 30 years, it’s all new requirements and a drastic change from what banks are doing today.

In this session our goal is for you to come away with:

• An understanding of major changing requirements to CRA and the impact on your bank.
• An understanding of updated Community Development standards and requirements.  Can we say the details matter?
• The key definitions for a new CRA program. How these definitions will be the foundation to a successful implementation.
  
• An understanding of how the agencies have changed the performance tests and standards to assess a bank’s CRA performance, and which tests apply to each type of institution.
• Insight into how data collection and reporting comes into play.
• A detailed manual that serves as a handbook long after you’ve completed the program.