$305.00 – $705.00
Date Recorded: August 12, 2021
Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS
A two-hour webinar that outlines the requirements applicable to Small and Intermediate Small Banks (for FDIC and Federal Reserve institutions, and OCC institutions under the “old” rules).
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.
These rules are applicable for institutions regulated by the Federal Deposit Insurance Corporation and the Federal Reserve, as well as institutions regulated Office of the Comptroller of the Currency’s (OCC) who comply with the regulations in effect prior to October 1, 2020 (compliance with the “new” rules are mandatory as of January 1, 2024).
Appropriate staff to attend would include CRA officers, loan department management, compliance officers, and other involved in the bank’s CRA program.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.