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Community Reinvestment Act, Community Bank (CRA) for Compliance Professionals

Description: The purpose of this course is to provide  an overview of the Community Investment Act (CRA) as it applies to community banks. You will learn about the purpose and background of CRA, as well as consequences of noncompliance and evaluation methods. In addition, you will learn about the technical rules for small banks and factors to consider when assessing CRA performance. Finally, you will learn important information about CRA ratings and strategies to maintain a Satisfactory or Outstanding performance rating.

Students will learn through a combination of instructor videos, exercises, readings, glossaries, self-assessments and more. Students will complete the course with a final exam to earn Certified Regulatory Compliance Manager (CRCM) credits.

Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.

Learning Objectives: After completing this course, students will gain a fundamental understanding of Community Reinvestment Act, Community Bank (CRA) for Compliance Professionals and learn how to:

  • Explain the purpose of CRA, consequences of noncompliance, and evaluation methods
  • Describe CRA technical rules for small banks
  • Identify factors to consider when assessing CRA performance
  • Explain the CRA ratings and key strategies to maintain a Satisfactory or Outstanding performance rating</ul>

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