Community Reinvestment Act – Large Banks

This Community Reinvestment Act – Large Banks online training course explores the detailed requirements that a Large Bank must follow. In October 2023, the Agencies published the CRA Modernization Final Rule. Large Banks have the most significant changes regarding the new CRA Modernization Rules. Large Banks will be required to have their loans, investments, and services evaluated under the new Retail Lending Test, the new Retail Services and Products Test, the new Community Development Financing Metric, and the New Community Development Services Test.

Course Learning Objectives

By taking this online Community Reinvestment Act – Large Banks course, the user will learn:

• How a bank must determine its CRA assessment area(s)
• What is required under each of the performance tests
• How to collect and report the required loan data to the Agencies
• What is inside the bank’s CRA public file

Course Outline

This online Community Reinvestment Act – Large Banks course is made up of the following sections:

1. Assessment Areas
2. Retail Lending Test
3. Retail Services and Products Test
4. Community Development
5. Community Development Financing Test
6. Community Development Services Test
7. Recordkeeping
8. Reporting
9. Public File and Notice

Course Audience

This Community Reinvestment Act – Large Banks online training course was designed for bank employees that oversee the Community Reinvestment Act, lending staff, and senior management.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.