Fair lending expert Rheanna Rodriguez will distill the key changes from the May 5 CRA proposal. You will learn how they will affect your institution.
Topics Covered
What are the proposed CRA rule changes?
- What is the overall evaluation framework?
- How will the proposed changes affect financial institutions of different sizes?
- When will the proposed changes likely be effective?
Training Overview
Discover the new CRA requirements from May 5 proposal. Learn how to prepare your institution.
On May 5, the regulators issued a joint proposal to update the Community Reinvestment Act (CRA) implementation rules. You likely have many questions about the changes and their impact on your institution.
The proposed rules:
- Strengthen the achievement of the statute’s purpose
- Adapt to changes in the banking industry
- Provide greater clarity and consistency
- Tailor standards to bank size, business models, and local conditions
- Refine data collection and reporting requirements
- Promote transparency and public engagement
- Confirm that CRA and fair lending responsibilities are mutually reinforcing
- Create a consistent regulatory approach
You need to understand the proposed rule changes to know what to expect when implementing them once the final rule is issued.
- What are the proposed CRA rule changes?
- What is the overall evaluation framework?
- How will the proposed changes affect financial institutions of different sizes?
- When will the proposed changes likely be effective?
Who Should Attend?
Expert Presenter
Rheanna Rodriguez
- SVP, Director of Specialty Regulations at First Foundation Bank (FFB)
- Oversees the risk assessment program
- Previously a commissioned compliance examiner for the Southern California territory at the Federal Deposit Insurance Corporation (FDIC) for eight years
- Led numerous compliance and CRA examinations at institutions ranging from $40 million to $60 billion in total assets size
- BA in business administration with a concentration in marketing from the California State University, San Bernardino
- MA in management from the University of Redlands
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