Learn from history or you are doomed to repeat it! Looking back over the examination findings of the last two to three years, we can see important trends in how federal agencies evaluate compliance with the Community Reinvestment Act (CRA). Originally enacted in 1977, the CRA has changed and evolved over the years. And institutions must have a CRA program that can change and evolve as well. We look at the past to see trends for the future and institutions that have failed to achieve a satisfactory or higher rating on CRA, have common traits, deficiencies and problems.
In this webinar, Coppelia Padgett will breakdown the trends seen in examinations for CRA institutions conducted by the FDIC, OCC and Federal Reserve. She will dissect the reasons for failure, providing important insights into the enforcement action that followed. She 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 and proper use of a risk assessment. She will also discuss how Enterprise Risk Management principles can strengthen your CRA program. From there, she delves into the fundamentals of CRA and performance context and the potential issues that place institutions on the problem end of the R-Curve (the regulatory curve) which makes them more susceptible to regulatory scrutiny.
Please join Coppelia Padgett as she 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.
WHAT YOU'LL LEARN
The focus of this webinar is the key findings of recent CRA examinations and orders. The emphasis is on practical advice so institutions can understand the following:
- 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?
YOUR CONFERENCE LEADER
Your conference leader for “Community Reinvestment Act: Lessons Learned from CRA Exams!” is Coppelia Padgett. Ms. Padgett brings 25 years of financial institution experience covering numerous facets of financial institution operations. She began her career as a compliance specialist for the FDIC working primarily out of Los Angeles. She left the FDIC to found the Triac Company in 1992. This consulting firm grew to serve the compliance needs of hundreds of financial institutions in Los Angeles and around the United States. Ms. Padgett currently works as an independent contractor and subject matter expert for leading regulatory and risk management firms from around the country. She graduated magna cum laude from the University of Tulsa with a degree in economics.