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In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.
On October 24, the banking agencies finalized significant changes to the Community Reinvestment Act (CRA). While ICBA and other trade associations have filed a complaint and request for preliminary injunction on the Final rules, it is still important to be prepared.
The final rule is currently scheduled to take effect in April 2024 and will require mandatory bank compliance by January 1, 2026. Don't miss this high-level overview of the CRA and its requirements for each bank asset size.
Learning Objectives:
Understand the key evaluations, important dates, and definition of a small, intermediate, and large bank.
Learn about the bank’s assessment area and what it means in this new era for CRA.
Know the various CRA qualifying activities and why it is important for banks to understand.
Duration: 60-minutes