Community development services remain one of the more nuanced components of Community Reinvestment Act (CRA) performance evaluation. While many institutions understand the broad purpose of community development activity, uncertainty often arises around what qualifies as a community development service, how activities should be documented, and what examiners actually evaluate during review. A CRA community development […]
Regulatory reporting platforms help financial institutions manage the operational demands of Consumer Financial Protection Bureau’s (CFPB) Small Business Lending Rule (SBL)/Section 1071 compliance by supporting coverage analysis, data collection, validation, reporting workflows, audit readiness, and submission preparation. SBL/Section 1071 of the Dodd-Frank Act requires certain financial institutions to collect and report data regarding applications for […]
Qualified investments are one of the broadest and most collaborative areas of Community Reinvestment Act (CRA) compliance. Unlike lending or service activities that may sit within more defined operational functions, qualified investments often require coordination across treasury, capital markets, community development, philanthropy, marketing, and executive leadership. A qualified investment under CRA is generally a lawful […]
RiskExec has been updated to include the following enhancements: Redlining Module Redlining Analysis: Peer Detail Tab Updates The count of branches for the target institution and the aggregate branch count of all lenders in a geography have been added to this tab. The branch counts include branches from the FDIC Summary of Deposits and from […]
Following the publication of this article, the Public File deadline was adjusted to January 1, 2026. CRA Public File Updates The recent lawsuit challenging the Community Reinvestment Act (CRA) File Rule may have added uncertainty to the implementation timeline, but one crucial aspect remains unchanged: your CRA Public File must be updated and readily available […]
On December 20, 2023, the three Federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (The Agencies) — announced […]