Banking agencies drop new video on Community Reinvestment Act rule

TLDR:

• The FDIC, Federal Reserve, and Office of the Comptroller of the Currency have released a video providing an overview of the final rule to modernize regulations implementing the Community Reinvestment Act.
• The video covers topics such as assessment areas, community development, evaluation framework, performance tests, ratings, data collection, reporting, and applicability dates.

The FDIC, Federal Reserve, and Office of the Comptroller of the Currency have jointly released a prerecorded, one-hour webinar on the final rule to modernize regulations implementing the Community Reinvestment Act. The video provides an overview of the rule and its objectives. Additional topics in the recording include assessment areas, community development, evaluation framework, performance tests, ratings, data collection and reporting, and applicability dates.