CRA Modernization Update 2021

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CE Credits:   1.25 CRCM
Contact:  [email protected] for a certificate

Description:As you’ve probably heard, the Community Reinvestment Act or CRA has been in flux over the past few years. Although the OCC independently issued a Final Rule modernizing the CRA in 2020, it recently proposed to rescind that Final Rule and pursue CRA modernization on an interagency basis, together with the Federal Reserve and FDIC. In this webinar we will go into detail on the current state of CRA modernization, focusing on a variety of related topics, including:

Key topics to be addressed include:

  • Background and importance of the CRA;
  • Reasoning behind the push to modernize the current CRA framework;
  • OCC’s Final Rule, its rescission, and transition considerations;
  • Where other regulators and interested parties stand;
  • What we know about the future of the CRA; and
  • Frequently asked questions about CRA modernization.

People who should attend: CRA compliance professionals including CRA Officers, compliance managers, and other relevant compliance team members. Compliance Officers, Risk Management Officers, Loan Officers, and Internal Audit (and their related staff) may also find the information beneficial to the extent that their job responsibilities intersect with CRA compliance.

Presenter: Victoria E. Stephen, JD, CRCM, Vice President and Deputy General Counsel

Victoria serves as Vice President and Deputy General Counsel for Compliance Alliance. Since joining C/A in 2015, Victoria’s played a role in various facets of the organization, including leading our team of hotline attorneys and compliance officers, developing new products for members, and trainings, both internal and external. She was the first editor of ACCESS magazine and took a leading role in the website development team. Victoria has spoken at a number of compliance conferences and schools, and written for many national and state banker publications.

While working toward her B.B.A. in Finance from The University of Texas McCombs School of Business, Victoria developed a passion for banking and compliance during an internship with a community bank in South Texas. She continued her interest at The University of Texas School of Law, becoming a licensed attorney in the state of Texas.

In her career, Victoria has worked in the consulting industry, counseling some of the nation’s largest banks on all matters involving regulatory risk, compliance, and controls. Her experience includes advising on the design of compliance risk management programs and a variety of enforcement action remediation efforts for institutions with assets over $100 billion.