Community Reinvestment Act: Large 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 a Large 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
• Successfully collect and report the required loan data to the Agencies
• State what is inside the bank’s CRA public file

Course Outline:

• Introduction
• Assessment Areas
• Retail Lending Test
• Retail Services and Products Test
• Community Development
• Community Development Financing Test
• Community Development Services Test
• Recordkeeping
• Reporting
• Public File and Notice

Rev– Jun. 2024. Course length ≈ 75 minutes. This course is worth 1.25 CPE credit.