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Community Reinvestment Act for Savings Associations

The Community Reinvestment Act helps make sure that banks are meeting the credit needs of the communities they do business in. This course will help you make sure your bank’s policies and procedures are compliant with the Community Reinvestment Act.
SKU: P3499EN
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The Community Reinvestment Act (CRA) was enacted as part of the anti-redlining and anti-discrimination legislation of the 1970s. It requires each federal financial supervisory agency to assess an institution's record of helping to meet the credit needs of the local communities in which the institution is chartered, consistent with the safe and sound operation of the institution. Regulation BB carries out the CRA by: (1) Establishing the framework and criteria by which the Board assesses a bank's record of helping to meet the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of the bank; and (2) Providing that the regulator takes that record into account in considering certain applications.

This course includes an examination.

 

Learning Objectives:

  • Understand the various standards for assessing performance contained in the CRA
  • Ensure compliance with the CRA's reporting, recordkeeping, and disclosure requirements

 

Course Outline:

  •  Standards for Assessing Performance

o   Performance tests and standards

o   Performance context

o   Assigned ratings

o   Safe and sound operations

o   Education loans

o   Minority or women-owned institutions and low-income credit unions

o   Lending test

o   Affiliate lending

o   The investment test

o   The service test

o   The community development test

o   Small association performance standards

o   Small and intermediate banks: lending test

o   Intermediate banks: community development test

o   Strategic plan

o   Assigned ratings

o   Lending, investment and service tests: ratings

o   Effect of evidence of discriminatory or other illegal credit practices

o   Effect of CRA performance on applications

  • Assessment Areas, Disclosures, Reports and Records

o   Reports, records, and disclosures

o   Assessment areas

o   Data collection, reporting and disclosure

o   Small savings associations electing evaluation under the lending, investment and service tests

o   Disclosure statements

o   Content and availability of public file

o   Public notice by associations

o   Publication of planned examination schedule

  • Ratings

o   Ratings in general

o   Ratings for associations evaluated under the Lending, Investment and Service Tests

o   Wholesale or limited purpose savings associations

o   Savings associations evaluated under the Small Savings Association Performance Standard

o   Overall rating

o   Strategic plan assessment rating

 Duration:

 0.83 hours

Features:

 Audio, hybrid

Module(s):

5512EN

Products specifications
Course Language English
Length Range 31 - 60 Minutes
Length (Hours) 0.83
Course Features Audio
Course Features Mobile
Module Number(s) 5512EN
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