Prepping for the Proposed Interagency CRA Rule (In-Person, Live Stream and Recording)
September 27, 2023
Member Fees: $265 (In-Person); $365 (Live Stream); $530 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
Non-Member Fees: $465 (In-Person); $565 (Live Stream); $730 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
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Please note: If you participate in-person or by live stream via Zoom, we will email a certificate to you following the program. Certificates will only be emailed to registered attendees. If you register for the recording, we will not be able to provide a certificate because we will not be able to track attendance.
ABA Professional Certifications Continuing Education Credit (For in-person and live stream registration options only)
This program has been approved for 7.25 CRCM, 7.25 CERP and 7.25 CFMP credits by ABA (American Bankers Association) Professional Certifications. Certified professionals will report these credits at aba.csod.com
It’s been close to 30 years since the federal bank regulatory agencies overhauled the Community Reinvestment Act (CRA) regulations. On May 5, 2022, after several false starts, the agencies issued a proposal to strengthen and modernize regulations implementing the CRA. The proposal features several significant revisions and will likely become final in 2023.
This seminar examines the agencies’ proposed rules and provides a framework for you to begin planning for the CRA final rule.
The proposed regulations include major changes from the current regulations. Join us to review the agencies’ new proposed rule, with comparisons to the existing and prior proposed rules, and begin planning for the implementation of the rules once final.
Whether you’re new to the requirements or a seasoned veteran, you’ll come away from this session with:
- A comprehensive review of the rapidly changing requirements of the CRA
- An understanding of how different sized banks are evaluated, either by thresholds, ratings, or a combination
- The key definitions of assessment areas and how to address each type
- A solid grasp of how the agencies use different 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
The program is designed for loan officers, compliance officers, CRA officers, loan department staff, bank counsel and auditors.
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC and has more than a two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.
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