The great Eleanor Roosevelt once gave great advice, “Learn from the mistakes of others. You can't live long enough to make them all yourself.” For 2018 we find a continuation of historic trends that reflects approximately 20 financial institutions per annum failing to achieve a Satisfactory or higher rating for the Community Reinvestment Act (CRA). Those that fail to achieve a “passing” rating present unique elements as well as some identified commonalities, but even high performance institutions can learn valuable lessons from other’s CRA Examination findings. These elements and commonalities can provide significant insights that can aid every organization with its CRA program.
Of course, CRA was enacted in 1977 and continues to evolve. At times, it seems almost dormant, but then seems to regain its potency and impact. Join us as we explore the lessons you can learn from the CRA experience of other institutions in this inclusive webinar entitled “Community Reinvestment Act: Lessons Learned from CRA Exams.” The webinar begins by dissecting a number of institutions' recent CRA ratings and the reasoning for failure, providing important insights into the regulatory enforcement trends of CRA ratings. We will explore key defenses for avoiding the causal factors for adverse ratings including how CRA ties directly into the Equal Credit Opportunity Act (ECOA) and Unfair, Deceptive or Abusive Acts and Practices (UDAAP) and the importance of knowing your CRA risk factors through the use of a risk assessment. This webinar presents how Enterprise Risk Management principles may be the most important development for CRA. From there, we delve into the fundamentals of CRA and performance context and why it is such a valuable tool for those institutions that may have potential issues that place them on the problem end of the R-Curve (the regulatory curve) and make them more susceptible to regulatory scrutiny.
From there, we delve into the fundamentals of CRA in the context of performance and why it is such a valuable tool for those institutions that may have potential issues that place them on the problem end of the R-Curve (the regulatory curve) and make them more susceptible to regulatory scrutiny. Please join Ken Agle as he details CRA requirements with particular emphasis on what the regulators are focusing on and the lessons that you can learn based on the failures and successes of other institutions.
Whether you are a novice in the CRA world or a seasoned pro, this webinar will build on your knowledge base and give you the tools you need to make sure your institution avoids CRA traps.
WHAT YOU’LL LEARN
This webinar will provide invaluable guidance including:
- Recent trends in CRA – what works and what should be avoided.
- Key questions every CRA officer should be asking regarding their organization’s CRA program.
- CRA risk factors that your institution should know.
- How to determine the community development purpose in loans, investments and service activities.
- Sample tools for doing your own performance context report.
- CRA interaction with ECOA, UDAAP and other laws and regulations.
- Qualifying CRA service activities.
- What makes an investment qualify for CRA credit.
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for "Community Reinvestment Act: CRA Exam Lessons" is Ken Agle. As president of AdvisX, Mr. Agle brings over 29 years of financial institution experience covering numerous facets of financial institution operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to his consulting experience, Mr. Agle had been a financial institution examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including safety and soundness, compliance, BSA, IT and trust.