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#209928 - 07/12/04 10:21 PM CRA Classes
BEE Offline
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BEE
Joined: Mar 2003
Posts: 6
Somewhere in the middle
We just went over the $250 mark and I need to start setting up an Outstanding CRA program for our bank. Can anyone recomend some classes that I can take to better understand CRA and how best to keep track of everything. Thanks

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Lending Compliance
#209929 - 07/12/04 10:46 PM Re: CRA Classes
cbinder63 Offline

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cbinder63
Joined: Dec 2001
Posts: 674
Colorado
A great place to start:
Follow Dawnie around for a few years.

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#209930 - 07/12/04 10:53 PM Re: CRA Classes
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,748
On the Net
1) You must be over $250 for two consecutive year ends to be a large bank. If this year end is your first, you have time. If this year end is your second, get at it. (228.12(t))

2)Talk to your examiner. Ask them to make a presentation to your board and/or senior management on the transition. This will help explain to everyone what is needed and why. It will also help on the resources if you really want to go the extra mile for the outstanding.

3) Decide if Outstanding is really worth it to you and why. The big difference between a Sat and Out is often a cost that may not provide other returns in dollars and cents, but only bragging rights.

4) Look at some of the tools mentioned in other threads by Dawnie and myself touting some Dallas FRB matrices. They provide "at a glance" differences between the ratings and requirements.

5) PCi has an excellent annual colloquium on CRA and fair lending. It is very targeted, is nationally recognized and is not a sales pitch for anything they offer. This is coming up in 4 months, Nov.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#209931 - 07/12/04 11:23 PM Re: CRA Classes
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,748
On the Net
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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