Recorded September 17, 2020
In May 2020, the OCC issued, on its own, a new CRA rule for banks under its supervision. Intended to strengthen and modernize the CRA, it establishes a new performance test for banks with total assets over $2.5B while largely retaining the tests for all other banks. It includes many changes that affect all banks: expanding the types of activities that will receive positive consideration, adding substantial new data requirements, and making key changes to assessment area requirements. In this recorded webinar you will hear CRA experts, Tim Burniston and Karen Tucker, review key aspects of the rule, including:
- Effective dates and timelines
- Assessment areas
- Qualifying activities
- General Performance Standards
- Data collection, recordkeeping and reporting
- Pending OCC guidance and actions needed
