CRA Tips, regulatory change, and an occasional deep thought…
Quick tips, CRA concepts and an occasional deep thought…
CRA Today Blog
Driving Impact and Building Trust: The Power of Collaboration Between Compliance Professionals and Lenders in Community Development Lending
Community development lending is a critical tool for driving impact and building stronger communities, but it requires a deep understanding of regulatory compliance and risk management. Compliance professionals and lenders are essential partners in this process,...
What Bank Boards and Executive Leadership Need to Know About the CRA
All successful programs have support from the top, and CRA isn’t any different! It’s important to keep your bank board and executive management briefed on your CRA program. But how do you do this? In this dated but still relevant article published by the Federal...
CRA Self-Assessments: Why You Need One and Where To Start
Are you ready for your next CRA exam? If you’re like most CRA professionals, preparing for a CRA exam is a never-ending process. One way to make this process a little more manageable is by creating a CRA self-assessment. Most CRA officers find that once they create a...
Where to Start if You’re New to the Community Reinvestment Act (CRA)
If you don’t have a large CRA team, haven’t had much training, or just inherited your bank’s CRA program, you’re probably feeling a little overwhelmed. It’s hard to run a CRA program during the best of times, but it may seem impossible during a pandemic. This is...
Who exactly is responsible for your bank’s CRA program?
If you said “the CRA Officer,” I want to challenge your thinking on that. You should consider your bank’s CRA program to be the responsibility of every employee in your company, from the tellers on the bank floor to the back office employees and all the way up to the...
6 Solid Steps to Avoid Underreporting Community Development Loans
An estimated 95% of banks underreport their community development loans. This means that 95% of banks are under-representing their CRA lending performance, which puts their CRA ratings at risk. The lending portion of the CRA exam is the most heavily weighted, which...
Free Reference Guide
Regulatory Change Preparation Guide
After the Final Rule was released in October of 2023, we all seem to find
ourselves asking this same question, what now?
Compliance and CRA professionals tend to be balancing a lot of items on their plates and may not have the time they’d like to sit and review the final rule.
Navigating the new rule while finishing strong with the current rule can
seem daunting. This guide will help CRA Professionals as well as Chief Risk Officers in formulating a plan for regulatory change and provide the key risks to consider with questions to discuss with your team.
