Providing insight and guidance to help you demonstrate compliance with CRA regulatory requirements.
We provide expertise and impartiality to ensure an objective CRA review.
Meeting your community's credit needs is a regulatory requirement and a long-term benefit to your bank. It's good business.
After all, by collaborating with community groups and addressing the financial needs of low- to moderate-income residents and communities, you're playing a vital role in creating a healthy, thriving community that can only enhance your reputation as a solid community partner.
Meeting all the CRA requirements, from understanding complex regulations and proper data management to engaging with community organizations, can be time-consuming and challenging.
Non-compliance is a risky business that can result in serious repercussions, including reputational and regulatory punishment, as well as limiting the institution’s growth.
TCA is here to help you reach your goal of attaining at least a satisfactory rating on your next CRA examination. We use the same examination procedures developed and used by the regulatory agencies.
We take a deep look at all the elements of a sound CRA program, including your:
- CRA policies and procedures
- CRA-related lending data analytics and demographic distribution.
- Engagement with local community groups to understand the community needs.
- Community development lending, investment, and service activities.
Look to TCA for A Better Way to evaluate your CRA strategy and ensure that it serves your community and aligns with your community development goals.
Key deliverables include:
- Analyzing your lending to low-to-moderate individuals and locations
- Providing pointers on addressing current deficiencies and avoiding future ones
- Helping to evaluate current community needs and assist in developing a plan to address any program gaps
- Ensuring that you're maintaining the appropriate information to support the Banks’ history of meeting the community’s need
Additional Fair Lending Topics
CRA Public File Is No April Fools’ Joke!
April 1st is known as April Fools’ day, a time to play tricks and pranks. Some historians have noted that April Fools’ Day dates to 1582. It is speculated that the start of the new year had moved to January 1st and people who were slow to get the news and/or continued celebrating the new […]
CRA Asset-size Thresholds Announced for 2019
The annual CRA asset-size thresholds for covered financial institutions were announced on December 20, 2018 applicable for 2019. The cutoff adjustments are based on the change in the CPI (Consumer Price Index) for each 12-month period ending in November, rounded to the nearest million. As a result of the 2.59% increase in the CPI, the […]
Submit Comments to CRA Modernization Initiative
Several staff members of Thomas Compliance Associates (TCA) attended the recent CRA & Fair Lending Colloquium and obtained valuable information from the sessions. One theme that stood out and presenters stressed was that bankers can help shape the re-write of the Community Reinvestment Act (CRA) regulation. The Office of the Comptroller of the Currency (OCC) […]
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