Federal Reserve Board issues Advance Notice of Proposed Rulemaking on an approach to modernize regulations that implement the Community Reinvestment Act (Released September 21, 2020)
The Federal Reserve Board issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring them to reflect the current banking landscape and better meet the core purpose of the CRA. The ANPR seeks feedback on ways to evaluate how banks meet the needs of low- and moderate-income (LMI) communities and address inequities in credit access. (Includes links to Federal Register Notice and for submitting comments on or before February 16, 2021.)
Modernizing the CRA: An Overview of the Federal Reserve Board's ANPR (Released September 24, 2020)
Learn more about the Federal Reserve Board's recently announced Advance Notice of Proposed Rulemaking (ANPR) for the Community Reinvestment Act (CRA). The CRA is a seminal piece of legislation enacted to address inequities in access to credit as part of a reinforcing set of laws to expand financial inclusion and combat redlining. The CRA insures that federally insured banks and institutions meet the credit needs of the communities in which they are chartered and remains as important as ever in today's circumstances.
Response to COVID-19
Joint Statement on CRA Consideration for Activities in Response to COVID-19 (Released March 19, 2020)
Interagency guidance on working with customers and community development activities.
Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Released March 22, 2020)
Additional information on working with customers, accounting for loan modifications, past due reporting, nonaccrual status and charge-offs and discount window eligibility.
Interagency Lending Principles for Offering Responsible Small-Dollar Loans
(Released May 2020)
The agencies are issuing these principles to encourage supervised banks, savings associations, and credit unions to offer responsible small-dollar loans to customers for both consumer and small business purposes. The agencies recognize the important role that responsibly offered small-dollar loans can play in helping customers meet their ongoing needs for credit due to temporary cash-flow imbalances, unexpected expenses, or income shortfalls, including during periods of economic stress, national emergencies, or disaster recoveries. Well-designed small-dollar lending programs can result in successful repayment outcomes that facilitate a customer’s ability to demonstrate positive credit behavior and transition into additional financial products. The agencies offer these principles due to the evolving conditions and products in the small-dollar loan markets over the last several years.
Interagency Community Reinvestment Act (CRA) Consideration for Activities in Response to the Coronavirus Frequently Asked Questions (FAQs) (Released May 27, 2020)
Frequently asked questions regarding interagency guidance on working with customers and community development activities in response to the Coronavirus.
The resources below are a result of responses from CRA officers across the Tenth District and the 2015 Community Development Survey of CRA and Compliance Officers. The materials are public resources from federal agencies, the FDIC, OCC, FFIEC and Federal Reserve. Questions regarding the tools and their applications should be directed to your primary regulator.
Hear from CRA officers using CRA OneSource.
Interagency-sponsored workshops are designed for CRA officers at banks that are interested in obtaining current information and training on the CRA regulation, exam preparation and developing bank CRA compliance strategies.
Workshop topics include:
Engaging Workforce Development: A Framework for Meeting CRA Obligations
This guide from the Federal Reserve Bank of Dallas and Kansas City provides banks, and those organizations interested in partnering with them, information on how the Community Reinvestment Act can be leveraged to support workforce development goals.
Banks Community Reinvestment Act (CRA) Opportunities For Promoting Job Creation, Workforce Development, and Place-Based InvestmentsNew guide developed by the Federal Reserve Bank of Philadelphia for Workforce and CRA. View PDF.
Closing the Digital Divide: A Framework for Meeting CRA Obligations
Closing the Digital Divide: A Framework for Meeting CRA Obligations developed by the Federal Reserve Bank of Dallas. View PDF.
Affordable Mortgage Lending Guide
Affordable Mortgage Lending Guide and the Affordable Mortgage Lending Center developed by the FDIC. View the website.
Community Development Data Guidebook: For CRA Bankers, Community Development Practitioners and Everyone in Between
Learn how to develop your performance context for your bank.
This guide helps financial institutions looking for CRA consideration in the healthy communities space.
This guide from the Federal Reserve Bank of Dallas details CRA regulation and examination procedures.
A quick overview of the Q&A updates (effective January 6, 2009).
Use the community development qualification worksheet to sort your loans, investments and services.
CRA Community Development Defined
This Federal Reserve System video explains Community Development in practical terms.
Leading Practices for Effective CRA Programs
This Federal Reserve System video explains the Leading Practices for Effective CRA Programs in practical terms.
Small Bank and Intermediate Small Bank CRA Examination Video
This Federal Reserve System video explains the Small Bank and Intermediate Small Bank (ISB) CRA Examination in practical and understandable terms.
What qualifies for community development? Watch this Outlook Live webinar to find out.
A webinar for workforce development professionals with an overview of the CRA and the steps workforce leaders can take to engage banks.
Learn about some of the new resources the SBA has available to assist lenders and the small businesses you serve.
Webinar provides an overview of the CRA, reviews technical requirements of the regulation, and discusses ways the CRA can be used to support community and economic development programs.
The Kansas City Fed, OCC and FDIC conducted a webinar for existing and soon to be Intermediate Small Bank (ISB) CRA officers.
Learn more about the FDIC's Community Affairs programs.
Get CRA information including Distressed and Underserved Tracts and the Interagency Q&As.
The OCC's Community Affairs section features upcoming CRA programs and resources.
Find OCC handbooks, examination schedule and other CRA related news.