All in CRA

OCC Issues Guidance on CRA Performance Evaluation Process

Adam Witmer
Regulatory Update, CRA

On June 15, 2018, the OCC issued a bulletin (2018-17) on supervisory policy and processes for Community Reinvestment Act (CRA) performance evaluations.  This bulletin was issued to inform national banks, federal savings associations, and federal branches and agencies (collectively, banks) regulated by the OCC about clarification to the OCC’s supervisory policies and processes regarding how examiners will now evaluate and communicate bank performance under the CRA.  This new guidance is effective immediately, though financial institutions that are currently in the middle of a CRA examination may see the use of transitional procedures.

FDIC & OCC Release List of CRA Performance Evaluations for May 2018

Adam Witmer
CRA

As is the case each month, the OCC and FDIC released a list of Community Reinvestment Act (CRA) performance evaluations from May of 2018.  These evaluations are a fantastic tool for compliance professionals to understand the CRA requirements, what examiners expect, and best practices for improving CRA ratings.  Specifically, a great deal of information can be learned by reviewing both the Outstanding and Substantial Noncompliance performance evaluations. Therefore, we are again providing an overview of noteworthy trends from these recent performance evaluations. The following is a summary of highlights from these performance revi…

CRA Evaluation Examples from the FDIC & OCC

Adam Witmer
CRA, Regulatory Update

Both the FDIC and the OCC recently released their list of financial institutions that were evaluated for the Community Reinvestment Act (CRA), as well as the corresponding CRA ratings.  By law, the agencies are required to regularly publish this data and it is always insightful as to what examiners might be looking for when it comes to CRA.  In fact, I strongly believe that one of the best ways to understand CRA is to read the performance evaluations of other financial institutions, specifically those that are...

2018 CRA Threshold Update

Adam Witmer
CRA, Regulatory Update

Each year, the asset-size threshold under the Community Reinvestment Act (CRA) is updated based on inflation.  This threshold is important as it determines which CRA test a financial institution will have during their CRA exam.  For 2018, the following thresholds will apply: