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Our BCG Community Reinvestment Act Manual is a comprehensive guide to compliance with the federal banking agencies’
CRA legacy and new regulations. It provides separate discussions of the various performance evaluation methods, the Strategic Plan option, assessment
area delineation, the role of the performance context in performance evaluations, and the public CRA disclosure requirements.
The Manual describes the Lending Test for small banks and intermediate small banks (ISB), the Community Development Test for ISBs,
the Community Development Test for wholesale and limited-purpose banks, the Retail Lending Test, Retail Services and Products Test,
Community Development Financing Test, and Community Development Services Test. It guides all categories of banks through applicable lending,
investment and service test criteria under the legacy and new rules, as well as the related data collection, maintenance, and reporting requirements
for large banks. Moreover, the Manual addresses the agencies’ CRA Sunshine Regulations.
The Manual includes detailed information regarding –
- How to prepare for your next CRA examination
- CRA resources
- Developing a bank’s performance context
- How to delineate an assessment area
- Small bank and intermediate small bank performance standards
- Large bank performance standards
- Community development test for wholesale and limited-purpose banks
- Strategic plan option and why every bank should at least consider adopting one
- Data collection and reporting requirements for large banks
- Public CRA disclosure rules, including the required contents of a bank’s CRA public file and HMDA public file
- CRA sunshine regulations
The text of this Manual is 416 pages, plus 158 pages of appendixes.
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Compliance Companion
Compliance Companion® is a one-stop regulatory compliance resource for financial institutions.
This online compilation of 19 industry-leading compliance manuals, including this SPM #15 Community Reinvestment Act, takes the
legalese out of federal and California laws and regulations, making it easier to understand and keep up with ongoing compliance developments.
Published by Aldrich & Bonnefin, PLC, Compliance Companion® has many useful features including search capabilities,
links to internal cross-references and web-based sources, as well as samples of dozens of forms, disclosures and notices.
This compliance resource can also be accessed from your mobile device, making it faster and easier to get the latest information on
federal and California laws and regulations governing financial institutions.
For information regarding online subscriptions to Compliance Companion®, contact
info@bankerscompliancegroup.com or call 949-553-0909.
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