CRA Modernization Webinar
ComplianceSeptember 21, 2020

CRA Modernization: Getting up To Speed on the OCC's Final CRA Rule

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
CRA Modernization
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Timothy Burniston
Senior Advisor, Regulatory Strategy

Timothy R. Burniston joined Wolters Kluwer in December 2011 to lead the company’s Risk and Compliance consulting practice. Under his leadership, the practice grew significantly in scope and now enjoys a national reputation for excellence.

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