Description
25min | Credits: n/a
Provides an overview of the Community Reinvestment Act (CRA), focusing on its purpose, regulatory requirements, and the impact of CRA ratings on banks’ ability to expand and merge. Learners will explore how CRA performance is evaluated based on bank size, banks’ obligations to maintain public files about their CRA performance and to post notices explaining where the public may obtain information about their CRA performance, and how banks can meet community credit needs, particularly in low- and moderate-income neighborhoods.
Audience: Lenders and platform personnel with lending responsibilities.
Learning Objectives
After completing this course, students will be able to:
- Describe the CRA’s primary purpose
- Summarize key milestones in the CRA’s development
- Describe the information that must be made available to the public
- Describe the CRA examination categories
- Describe the ratings used to report CRA examination results
- Identify performance standards used to determine bank CRA ratings
This course is part of the ABA Frontline Compliance program.