Finish Strong, as published in ABA Bank Compliance

Finish Strong, as published in ABA Bank Compliance

Between keeping up with Community Reinvestment Act (CRA) modernization efforts, the finalization of Section 1071 of the Dodd-Frank Act, and increased fair banking scrutiny, compliance officers have plenty on their plates. No matter what the outcome of the proposed CRA...
What’s a Capital Stack and How Does it Work?

What’s a Capital Stack and How Does it Work?

At some point in your journey as a Community Reinvestment Act (CRA) officer, you will likely find yourself involved in a community-based public-private partnership economic development project. When this happens, your bank may have the opportunity to finance the...
Who exactly is responsible for your bank’s CRA program?

Who exactly is responsible for your bank’s CRA program?

If you said “the CRA Officer,” I want to challenge your thinking on that. You should consider your bank’s CRA program to be the responsibility of every employee in your company, from the tellers on the bank floor to the back office employees and all the way up to the...
6 Solid Steps to Avoid Underreporting Community Development Loans

6 Solid Steps to Avoid Underreporting Community Development Loans

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...