CRA Final Rule.pdf

high-level-cra-final-rule-summary.pdf
Preview of CRA Final Rule
🔗 Source: icba.org
📊 Size: 379 KB
👤 Author: Mickey Marshall
⬇️ Downloads: 48

Summary

The 2023 CRA Final Rule increases asset size thresholds, with small banks having assets up to $600 million, intermediate banks up to $2 billion, and large banks over $2 billion. The rule introduces new tests, including the Retail Lending Test, Retail Services and Products Test, Community Development Financing Test, and Community Development Services Test. Large banks may be required to delineate Retail Lending Assessment Areas (RLAAs) outside their branch locations. The rule becomes effective on April 1, 2024, with banks required to comply with provisions similar to current CRA regulations.

Description

The 2023 CRA Final Rule increases asset size thresholds, with small banks having assets up to $600 million, intermediate banks up to $2 billion, and large...

Technical Information

  • File Format: PDF
  • File Size: 379 KB
  • Pages: 4
  • Language: EN
  • Author: Mickey Marshall
  • Total Downloads: 48
  • Last Updated: 1 month ago

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This PDF document about CRA Final Rule provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into CRA Final Rule.

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