Skip to content

More Banks Will Need CRA Strategic Plans

Question: 
We heard that some banks would be required to submit strategic plans under the revised rule. Is this true?
Answer: 

Yes. The revised rule states:
“Plan submission (1) Required submission. A bank must submit a strategic plan that meets the requirements of this section if the bank:
• Would otherwise be evaluated under § 345.12 (banks not being evaluated as small banks) and does not maintain retail domestic deposits on-balance sheet; or
• Is a small bank that does not originate retail loans.

-----------------------------
Learn more about Kathleen Blanchard’s webinar CRA Modernization Proposal Review

First published on 02/23/2020

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