The Community Reinvestment Act (CRA): Recap and What to Expect in 2014

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The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation adopted as final the Interagency Questions & Answers (Q&As) regarding community reinvestment that were proposed on March 18, 2013. While the new Q&As became effective on November 20, 2013, banks are just now starting to be examined by the regulatory agencies to make sure they are meeting the new CRA requirements. This webinar is an important opportunity for you to learn how the changes See more +
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation adopted as final the Interagency Questions & Answers (Q&As) regarding community reinvestment that were proposed on March 18, 2013. While the new Q&As became effective on November 20, 2013, banks are just now starting to be examined by the regulatory agencies to make sure they are meeting the new CRA requirements. This webinar is an important opportunity for you to learn how the changes will affect your financial institution.

Pepper partner Timothy R. McTaggart spent a few minutes to give our viewers a preview of what they will hear if they watch the webinar recording.

This webinar will:

-provide a recap of the changes to the CRA

-discuss what is to be expected under an examiner’s review

-examine the impact of the Volcker Rule and Basel III regarding permissible public welfare investments

-note other CRA developments.

Speakers

Timothy R. McTaggart, Partner, Pepper Hamilton LLP

Barbara R. VanScoy, Founder and Chief Impact Investment Officer, Community Capital Management See less -

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Topics:  Banks, Community Reinvestment Act, Corporate Social Responsibility, FDIC, Federal Reserve, OCC

Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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