On a broadcast hosted by Dean Stockford, Len Suzio highlights the increase in adverse Community Reinvestment Act (CRA) ratings for banks in the first half of 2023. An article from Standard & Poor indicated that 12 banks received less than satisfactory performance ratings, a jump compared to 14 for the entirety of 2022. Len believes that this rise can be attributed to regulators enforcing stricter performance standards. Evidence for this includes the proposed new CRA Rule, which intends to set higher CRA performance standards. An analysis by bank regulators shows that the new rule would result in a significant increase in the CRA exam failure rate. Len emphasizes that the vagueness in the currently applied performance standards would allow regulators to implement the proposed calibrated standards without officially announcing them. Another notable factor impacting these ratings is the Fair Lending issue and the anti-redlining initiative. Len suggests that banks be aware of these changes and regularly self-evaluate their compliance with these standards.
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The Texas Court’s Preliminary Injunction Against the 2023 Rule
Climate Risk, the emerging risk
How to estimate how your performance will look under the new CRA
2024 Regulatory Hot Topics
Electronic Funds Transfers-The Investigation Process
The Coming Perfect Storm
The New CRA II - Retail Lending Test
ECOA Credit Denial and the use of AI
The New CRA - I
Reg. CC-Funds Availability, it ’s a good time to revisit the hold provisions and timing for Reg. CC.
The Importance of Assessment Areas
Electronic Funds Transfers-The Basics
Electronic Funds Transfers-what you need to know when using cash applications such as Venmo
Statistical Measurements of compliance
Keeping up with all the new regulations
Combatting Redlining Initiative
Artificial Intelligence (AI) and Banking
Unveiling the Implications: How Section 1071 Reshapes Community Reinvestment Act Reporting
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