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ComplianceMarch 21, 2024

CRA Defined Terms: A look at key changes under CRA Modernization

With the new CRA rule, there are a number of new Defined Terms along with existing ones that have been updated. This webinar will walk through a number of these new/changed terms in order to provide a better understanding on:

  • Current vs. final definitions
  • Impact of the change
  • Important notes for consideration

Update: After our webinar on March 21, 2024, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (the “agencies”) issued supplemental rulemaking that further amends the agencies’ CRA regulations.

Along with making technical corrections, the agencies extended the applicability dates of:

  • §_.16 Facility-Based Assessment Areas
  • §_.43 Content and Availability of Public File

The agencies also clarified the applicability date of:

  • §_.44 Public Notice by Banks

While the on-demand recording will still have the original information, these changes are noted as “updated” on Slide 8 of the downloadable webinar deck.

Please complete the form to download the on-demand webinar, slides, and whitepaper.

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