CRA Modernization – What’s the Big Deal?

Virtual Learning  
Thursday, September 05, 2024 9:00 AM - 4:00 PM   iCalendar Central Standard Time

September 5 - Live Streamed

The final rule implementing CRA Modernization is massive, coming in at 1500 pages, and introduces significant changes to CRA. It is critical to get started on the right foot and have a thorough understanding of how CRA Modernization will impact your institution. This comprehensive seminar is designed to demystify the changes to CRA and provide a pathway to compliance with CRA Modernization’s final rule. You’ll come away with the tools to create an effective, sustainable CRA compliance program.

When you join us, you’ll gain a deeper understanding of CRA Modernization, its breadth, and how it impacts your institution. You’ll also come away with insight into implementation timelines and impacts on current CRA programs, as well as a detailed manual that can serve as a handbook long after you’ve completed the series. Topics include:

Introduction and Overview of the New Regulation
– Come away with a thorough knowledge of the law and what will be expected of your institution going forward.

The New 11 Categories for Community Development
– Examine the new categories for community development and how they can be put into practice in your community.

The Three New Assessment Areas and Performance Evaluations
– Find out more about the new assessment areas, what they mean for your FI, and how they impact evaluations.

Data Collection, Reporting, and Disclosures

What you should do now and in the next 18 months to prepare for the new and manage the current.

Who should attend
The program is designed for the Board of Directors, senior management, compliance officers, CRA officers, community development staff, bank counsel, and any employees accountable to CRA.

Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions, helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Fee Per Person
IBA Member  $265
Nonmember  $445

Virtual Learning