Tennessee Bankers

WEBINAR: CRA Update and Review

March 8: Online

9:30 to 11:30 am C.T.

 

It has been years since the federal bank regulatory agencies have overhauled the Community Reinvestment Act (CRA) regulations. Right now, major revisions are unfolding, but in awkward manner.

  • On December 12, 2019, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released a Notice of Proposed Rulemaking (NPR) intended to increase bank activity in low- and moderate-income communities where there is significant need for credit, more responsible lending, greater access to banking services, and improvements to critical infrastructure.
  • On May 20, 2020, the OCC approved a final rule to modernize the CRA regulations. The final rule is effective on October 1, 2020, but it will be several years before national banks have to fully implement the regulations.
  • On September 21, 2020, the Federal Reserve Board (FRB) released an Advanced Notice of Proposed Rulemaking that starts the process of revising the FRB’s Regulation BB, which implements the Community Reinvestment Act for state member banks.
  • At present the FDIC, the OCC and the Federal Reserve Board are united in the belief that major revisions to the CRA regulations are needed, but all three agencies are headed in different directions.

 

Why Attend?

This two-hour program provides a review of the existing CRA rules, the FDIC’s proposed rule, the OCC’s final rule, and an explanation of the Federal Reserve Board’s Advanced Notice of Proposed Rulemaking. 

Participants receive a detailed manual that serves as a handbook long after the program is completed.

 

Program Content

This program provides a review of the current, the FDIC’s proposed, the FRB’s advanced proposed, and the OCC final requirements of CRA and its implementing regulations, including:

  • Existing, proposed and revised performance tests, standards, and ratings
  • Assigned ratings under current, proposed and revised regulations
  • Assessment area delineation under the current rule and the new facility-based and deposit-based methods
  • New concepts such as retail deposits, retail lending product lines, and qualifying activities lists
  • Evaluation concepts such as CRA Evaluation Measures, geographic distribution tests, and borrower distribution tests
  • Evaluation options under current, proposed and final rules
  • Current data collection requirements and the expanded requirements under the proposed and final rules
  • Community Development activities under the current, proposed and revised regulations
  • The status of “intermediate small banks” (Will the category continue to exist?)
  • How small is a “small bank” under existing ($1.305 billion), proposed ($500 million) and revised regulations ($600 million)
  • An explanation of the periodic adjustments to the asset-size thresholds used to define “small bank” and “intermediate small bank”
  • A review of recent redlining cases
  • A review of the CRA Questions and Answers, exam results and CRA agreements
  • Public file requirements
  • CRA notices
  • An explanation of how to obtain community development credit for COVID-19-related activities
  • The status of the proposed and final revisions to the regulations

 

Presenter

Jack Holzknecht, Compliance Resource, LLC

 

Audience

The program is designed for loan officers, compliance officers, CRA officers, loan department staff, bank counsel and auditors. Whether new to the requirements of the CRA and its regulations or a seasoned veteran, this program provides a comprehensive review of the rapidly changing requirements of the CRA.

 

Registration Information

Site connections/registrations for this program will be accepted on a first-come, first-served basis.

Everyone registered for this webinar will receive access information for the presentation plus materials for printing via email by March 5, 2021. Those who do not receive information by 2 p.m. CT on that date are not considered registered and should contact Sheena Frech in the TBA office. You may contact TBA prior to March 5 to verify receipt of your registration.

Tennessee Bankers Association does not assume responsibility for incorrect information supplied to us, for those registering incorrectly for the program, or for registrants who do not contact TBA if they have not received access information by 2 p.m. CT on March 5, 2021.

 

Webinar Access Information

Webinar participants will receive phone access for the audio portion of the presentation and a link to the PowerPoint slides shown during the webinar. The presentation is approximately 120+ minutes, including time for Q&A. Each individual registration provides one connection to the live audio program, and this connection allows you to have unlimited listeners present during the presentation.

 

Program Fees

Live and Recorded

TBA Members / Associate MembersNonmembers
Registration $390$410

Live Only

TBA Members / Associate MembersNonmembers
Registration $305$325

Recorded Only

TBA Members / Associate MembersNonmembers
Registration $340$360

TBA Contact

Sheena Frech - sfrech@tnbankers.org
Director of Education
Tennessee Bankers Association
211 Athens Way, Ste 100 • Nashville, TN 37228-1381
800/964-5525 or 615/244-4871 or www.TNBankers.org

Register for WEBINAR: CRA Update and Review

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