Skip to content

CRA Examination Procedures Are Out

The good news is that they really are uniform, as written. In implementation, time will tell. However, keeping them uniform is partly the responsibility of banks. Every compliance manager should be thoroughly familiar with the examination procedures, including what is "in between the lines." Banks should closely manage CRA examinations, both to be certain that the examiner stays within the scheme of the procedures, and to learn from and with the examiner.

One additional note on CRA examinations. The procedures direct the examiner to compare information from and prior CRA evaluations of institutions of similar size that serve the same or a similar assessment area. You should be there a step ahead of the examiner. Part of knowing your market must include knowing what other banks are doing. This information can be used to compare your bank to other banks, and to justify or illustrate differences in business strategy.

Copyright © 1996 Compliance Action. Originally appeared in Compliance Action, Vol. 1, No. 3, 1/96

First published on 01/01/1996

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics