Community Reinvestment Act: Overview

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. This course provides an overview of the new CRA Modernization rules. This course is intended for all staff who are not deeply involved in complying with the requirements but need a general understanding of what the Community Reinvestment Act is.

Learning Objectives:

• Understand how a bank must determine its CRA assessment areas
• Know which tests your bank is examined under based on its asset size
• Have a general understanding of what the various performance tests include
• State what is inside the bank’s CRA Public File

Course Outline:

• Introduction
• Coverage
• Assessment Areas
• Assessing Performance
• Small Banks
• Intermediate Banks
• Large Banks
• Limited Purpose Banks
• Strategic Plan
• Public File and Notification

Rev– Jun. 2024. Course length ≈ 40 minutes. This course is worth 0.75 CPE credit.