Description
Explains how regulators evaluate a banks efforts to meet the credit needs of the assessment area(s) it serves, and an overview of the bank examination categories and the ratings regulatory agencies use to define a banks performance. Describes the items a bank must keep in a public file.
What You’ll Learn
After completing this course, students will be able to:
Describe the primary purpose of the Community Reinvestment Act
Summarize key points in the development of the Community Reinvestment Act
Describe the information that must be made available to the public
Describe the categories for CRA examinations
Describe the ratings used to report CRA examination results
Identify performance standards used to determine the Community Reinvestment Act ratings for financial institutions
