Education & Events

It has been years since the federal bank regulatory agencies have overhauled the Community Reinvestment Act (CRA) regulations. Right now, major revisions are unfolding, but in an awkward manner.

• On December 12, 2019, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released a Notice of Proposed Rulemaking (NPR) intended to increase bank activity in low- and moderate-income communities where there is significant need for credit, more responsible lending, greater access to banking services, and improvements to critical infrastructure.
• On May 20, 2020, the OCC approved a final rule to modernize the CRA regulations. The final rule was effective on October 1, 2020, but it will be several years before national banks have to implement the regulations fully.
• On September 21, 2020, the Federal Reserve Board (FRB) released an Advanced Notice of Proposed Rulemaking that starts the process of revising the FRB’s Regulation BB, which implements the Community Reinvestment Act for state member banks.
• On May 18, 2021, the Office of the OCC published OCC Bulletin 2021-2, which states that the OCC has determined that it will reconsider the final CRA Rule published on June 5, 2020. This is a major step towards achieving uniform revised CRA regulations.
• On July 20, 2021, the FRB, the FDIC, and the OCC jointly announced the agencies are committed to working together to strengthen and modernize regulations implementing the CRA. The OCC separately announced it would propose rescinding the CRA final rule issued in May 2020 and is committed to working with the FRB and the FDIC to put forward a joint rulemaking that strengthens and modernizes the CRA.

This program provides a review of the existing CRA rules, the FDIC's proposed rule, the OCC's final rule, and an explanation of the Federal Reserve Board's Advanced Notice of Proposed Rulemaking. Participants receive a detailed manual that serves as a handbook long after completing the program.

• Existing, proposed, and revised performance tests, standards, and ratings
• Assigned ratings under current, proposed and revised regulations
• Assessment area delineation under the current rule and the new facility-based and deposit-based methods
• New concepts such as retail deposits, retail lending product lines, and qualifying activities lists
• Evaluation concepts such as CRA Evaluation Measures, geographic distribution tests, and borrower distribution tests
• Evaluation options under current proposed and final rules
• Current data collection requirements and the expanded requirements under the proposed and final rules
• Community Development activities under the current proposed and revised regulations
• The status of “intermediate small banks." (Will the category continue to exist?)
• How small is a "small bank" under existing ($1.305 billion), proposed ($500 million), and revised regulations ($600 million)
• An explanation of the periodic adjustments to the asset-size thresholds used to define “small bank” and “intermediate small bank”
• A review of recent redlining cases
• A review of the CRA Questions and Answers, exam results, and CRA agreements
• Public file requirements
• CRA notices
• An explanation of how to obtain community development credit for COVID-19-related activities
• The status of the proposed and final revisions to the regulations

Audience
This program is designed for loan officers, compliance officers, CRA officers, loan department staff, bank counsel, and auditors. Whether new to the requirements of the CRA and its regulations or a seasoned veteran, this program provides a comprehensive review of the rapidly changing requirements of the CRA.

Facilitator
Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 46 years. In 41 years as a trainer, over 155,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner.  He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by several state bankers associations. As a contractor, he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.

Continuing Education
American Bankers Association (ABA) Professional Certifications has approved this program for 6.75 CRCM credits.
6.00 CPE credit hours for Illinois Public Accountants

Fee Per Person
IBA Member $265 
Nonmember $445