Whether you like it or not, Community Reinvestment Act (CRA) regulatory change is here. Unless you’re near retirement age and can say, “I’m out,” the new CRA rules are likely to bring more pressure to your department and make your job a lot more challenging. While...
Ever feel like you’re missing the CRA support you need? Having to comply with the Community Reinvestment Act (CRA) means tracking a lot of data and learning a lot of new information. But resources are scarce for bankers coming into a CRA role, and finding this support...
Are you part of a small CRA team? Many CRA departments are made up of only one or two people, and this makes it difficult to get everything done. You’ve been charged with meeting the credit needs of your community, which means tracking, managing, and reporting your...
The new year comes with a lot of exciting possibilities and is a great time to reflect on your CRA program. It’s time to look back at what your program has accomplished in the past year and look forward to what impact you can forge this new year. Creating an annual...
An estimated 95% of banks underreport their community development loans. This means that 95% of banks are under-representing their CRA lending performance, which puts their CRA ratings at risk. The lending portion of the CRA exam is the most heavily weighted, which...
