Community Reinvestment Act: Intermediate Banks

The Community Reinvestment Act (CRA) was enacted in 1977 to combat redlining by ensuring that each insured depository institution serves the convenience and needs of its entire community, including low- and moderate-income (LMI) neighborhoods, consistent with its safe and sound operations. In October 2023, the Agencies published the CRA Modernization Final Rule. Banks are examined for their performance under the Community Reinvestment Act through various performance tests. The tests a bank must comply with are determined by the bank’s asset size. This course will discuss the detailed requirements that an Intermediate Bank must follow. This course is intended for bank personnel that oversee the Community Reinvestment Act, lending staff, and senior management.

Learning Objectives:

• Understand how a bank must determine its CRA assessment area(s)
• Know what is required under each of the performance tests
• State what is inside the bank’s CRA Public File

Course Outline:

• Introduction
• Assessment Areas
• Community Development Test
• Retail Lending Test
• Public File and Notice
• Community Development Financing Test

Rev– Jun. 2024. Course length ≈ 51 minutes w/o CD Financing Test section – 32 minutes w/ CD Financing Test section. This course is worth 1.0 CPE credit.