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On October 24th, the banking agencies finalized significant changes to the Community Reinvestment Act (CRA). The final rule is designed to adapt CRA regulations to banking industry changes, improve clarity to regulated institutions, tailor evaluations and data collection to bank size and type, and maintain a unified interagency approach. The final rule takes effect in April 2024 and will require bank compliance by January 1, 2026.
The discussion will address:
The new “small,” “intermediate,” and “large” bank definitions and the key evaluation differences among each tier.
Evaluation of a bank’s assessment area and what it means in this new era for CRA.
The concept of CRA qualifying activities and why it is important for banks to understand.
Important implementation dates for all community bankers to know.
While the mandatory compliance date seems far away, there are key elements of this final rule that all community banks should be aware of right now. Join ICBA experts to discuss the final changes, how they might impact your bank, and what you can begin doing to prepare for the effective date.
ICBA wants to hear from you; participants are encouraged to bring questions to the briefing as the ICBA experts will take questions from community bankers during the Q&A session.
ICBA Members: Complimentary
For more information, call 800-422-7285.
Who should attend: All community bankers
Advanced Preparation: Basic knowledge of banking.
Program Level: Intermediate
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based
CPE Credit Hours: N/A
Senior Executive Vice President, Chief of Government Relations and Public Policy
Assistant Vice President and Regulatory Counsel
Registration, attendance, or participation at this event constitutes an agreement to adhere to the ICBA code of conduct and complaint policy. ICBA aims to be welcoming, safe, and inclusive to all participants, with the most varied and diverse backgrounds possible.
As such, The Independent Community Bankers of America (“ICBA” or the “Association”) has adopted a zero-tolerance policy toward all forms of unlawful discrimination and harassment.