2024 CRA for Banks over $10 Billion
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Electronic Item No: EM-CRA-LL
Preorder Price: $115
The 2024 CRA for Banks over $10 Billion manual provides a simplified review of the new CRA final rule. The final rule as published on February 1, 2024, contains complex language that can be hard to follow. This manual outlines the requirements of the rule in a digestible format with a flow that won’t have you flipping through page after page, section to section, just to find the answer you’re looking for.
TOPICS*
- Purpose
- Applicability Dates
- Definitions
- Consideration of Community Development
- Community Development Illustrative List
- Community Development Impact and Responsiveness
- Geographic Considerations
- Facility-based Assessment Areas
- Retail Lending Areas
- Outside Retail Lending Areas
- Large Bank Performance Standards
- Loans, Investments, Services, and Products or Operations/Operating Subsidiaries and Other Affiliates
- Community Development Lending and Community Development Investment by a Consortium or a Third Party
- Performance Context Information Considerations
- Conclusions and Ratings for Banks over $10 Billion
- Effect of Evidence of Discrimination
- Data Collection and Reporting
- Content and Availability of Public File
- Public Information
- Transition Provisions
This manual is an excellent resource for you to review the final rule and the impact to your institution without all the clutter.
*All topics listed above include requirements for banks with assets of $10 billion or more when additional requirements apply.