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...
All successful programs have support from the top, and CRA isn’t any different! It’s important to keep your bank board and executive management briefed on your CRA program. But how do you do this? In this dated but still relevant article published by the Federal...
If you don’t have a large CRA team, haven’t had much training, or just inherited your bank’s CRA program, you’re probably feeling a little overwhelmed. It’s hard to run a CRA program during the best of times, but it may seem impossible during a pandemic. This is...
No, we are not out of our minds here. Placing deposits, making an investment or even providing a grant to a Minority Depository Institutions (MDIs) may count towards your CRA program. Well then, how does this work? Today I’ll share how partnering with a Minority...
