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 ActSummarize key points in the development of the Community Reinvestment ActDescribe the information that must be made available to the publicDescribe the categories for CRA examinationsDescribe the ratings used to report CRA examination resultsIdentify performance standards used to determine the Community Reinvestment Act ratings for financial institutions
