Community Reinvestment Act: The Federal Deposit Insurance Corporation, the Federal Reserve Board and the Comptroller of the Currency published a proposed rule on May 5, 2022 to revise the CRA regulations. Comment period expired on August 5, 2022. A final rule is expected in 2023. This program provides a review of the basic requirements of CRA and its implementing regulations.What You'll Learn:

• Existing, proposed, and revised performance tests, standards, and ratings
  
• 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
  
• 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) and proposed regulations ($600 million)
  
• A review of the CRA Questions and Answers, exam results, and CRA agreements
  
• Public file requirements
  
• The status of the proposed and final revisions to the regulations