Community Reinvestment Act, Community Bank for Compliance Professionals
Course Number: CRACBCP1
Course Code: ABA 8711
Describes the purpose, background, and importance of CRA. Explains the technical rules for small banks, factors to consider when assessing CRA performance, and consequences of noncompliance, and explores information about CRA ratings and strategies to maintain a Satisfactory or Outstanding performance rating.
After completing this course, students will be able to:
-Explain the purpose of CRA, consequences of noncompliance, and evaluation methods
-Describe CRA technical requirements for community banks
-Identify factors examiners consider when assessing CRA performance
-Explain the CRA ratings and key strategies to maintain a Satisfactory or Outstanding performance rating
Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.