05/14/2017
We are ordering new mandatory signage for the bank lobby. Our CRA notice and the annual disclosure notice that has always been posted in the lobby has been a printout. I have been looking on line and the pre-printed notices have a "clear pouch." What is suppose to be put in the clear pouch?
11/13/2016
What's the difference between a REMA and an Assessment Area?
10/11/2015
With regard to reporting non-dwelling secured or unsecured business loans for CRA credit, what are the characteristics of a modification versus a renewal?
08/02/2015
I was given a figure by our strategic planning team that one of the bank's strategic goals over the next three years is to achieve 80% employee participation in yearly CRA service. I was not asked for input on this goal, it was just handed to me. This number seems exorbitantly high, in my opinion. We're about 1000 employees, so this means that over three years, we would have 800 instances of volunteerism.
My question is, what documentation or best practice exists on an acceptable percentage of employee participation in service activities? I'm having trouble finding this information anywhere, and I need something to back up my assertion that this number is way high and will be difficult to achieve.
03/25/2013
Under CRA, what constitutes a commercial or Industrial purpose? I have looked for a definition to no avail. Would this include a loan to a small business for a capital injection?
01/14/2013
If a bank, in the normal course of business does not regularly supply information to a CRA on consumers, are they required to provide new information as a result of an address discrepancy under Fact Act ID Theft?
12/24/2012
Compliance Related
Attention Deficit Disorder
by Mary Beth Guard
Recently, I was diagnosed with CRADD:
08/06/2012
I'm new at CRA and while I'm sure a construction loan isn't HMDA reportable and wouldn't be CRA reportable as Small Business (collateral is residential property). Is it possible a construction loan could be CRA reportable as Other Business Loan? My borrower is building homes for business purpose, secured by the residential property being built.
05/21/2012
What is the name of the folder that all banks are required to make available to the customer to see that they are in compliance with fair lending?
02/20/2012
To report business income for CRA purposes, do we use Gross Profit, Gross Revenues or neither?