05/05/2024
Could you benefit from an update of all the lending regulations facing your FI in 2024?
04/28/2024
Is your FI ready for all the regulatory changes and updates facing you institution in 2024.
04/28/2024
What are the main compliance concerns when considering opening a small satellite office or branch which is located within your CRA area? Specifically with issues in dual control / audits / approvals and when limited staff is available at different levels? Are rules any different that with the main branch?
04/21/2024
What lending updates do we need to be ready for in 2024?
04/14/2024
If all of a lender's marketing is targeted outside the US, aside from marketing within its "claimed" assessment area, could the lender be subject to REMA redlining review?
I've read guidance that implies marketing doesn't have to be a factor for a REMA redlining exam to be conducted...
• "REMA...defines who and where you serve, and as such, is different from a defined Market Area..."
• "Where the lender actually marketed and provided credit, and where it could reasonably be expected to have marketed and provided credit based on its distribution of loans and applications "
• Redlining analysis will look at lending and level of services in majority-minority census tracts compared to peers, among other items.
10/15/2023
I'm somewhat new to identifying CRA qualifying donations and am looking for opinions on whether I should or could try to include a contracted annual donation to our County Economic Development Group.
This CEDG is a non-profit and their mission statement lines up with the Revitalize and Stabilize category. Our marketing director indicated that the funds are considered a sponsorship and doesn't think it would count. We do get an acknowledgement on their website as being a sponsor so to that affect I'm assuming she is viewing it more as advertising for her reasoning to not include it. Our name being included on the website is in acknowledgement of our level of donation and the funds are a general investment into the organization. It is not a specific advertising expense.
We have included one off donations to this group throughout the years but apparently have never considered adding this sponsorship donation to the list of qualified donations.
Would it qualify as described or could it qualify if we had any stipulations as to funds use?
10/01/2023
We are looking for a good product for recording and analyzing fair lending and CRA compliance. Are there any companies that we should be looking at? We understand BOL and the gurus can’t endorse any one product but would like to know what products the OCC and other regulatory agencies use as that would certainly be of interest. Is there any products not "recommended" but thought of highly?
07/30/2023
I was just made the banks CRA Officer. I know what CRA is but, I have no clue what the heck I am doing. What should I do first, second and third and for the long term?
02/27/2022
Do we know when the FFIEC will update their maps to show the new 2020 census data? Or can you help me find where I can find the updated maps/income levels?
07/25/2021
How does a bank best create an assessment area map and map of their county showing branch locations and census tracts for its CRA public file?