The Community Reinvestment Act
James DeFrantz Overview:
The Community Reinvestment Act has recently been changed to better reflect the reality that banks have fewer and fewer brick-and-mortar branches.
Why you should Attend:
Changes in the Community Reinvestment Act can greatly impact your bank's compliance ratings.
Areas Covered in the Session:
- The basic requirements of the regulation
- Large versus small institution compliance
- Community Development loans and investments
- Lending tests
- Effective Compliance tools
Who Will Benefit:
- All Lending Staff and Credit Administration
Speaker Profile
James DeFrantz CRCM, CAMS, J.D. has 30 years of experience in financial service regulatory compliance. He has worked with money service businesses in the United States and internationally, including consulting with money remitters, fintech lenders, and foreign exchange firms. He is a specialist in compliance in consumer and real estate lending; BSA; CRA; Fair Lending; Consumer Operations; Non- Non-Deposit Investment Products; Note Department Operations; Assessment of ALL and Credit Approval Processes. He has served as a Senior Compliance Examiner at the Federal Reserve Bank in San Francisco; as an Analytical Manager at the Office of Thrift Supervision; and as a Commissioned National Bank Examiner at the Office of the Comptroller of the Currency (OCC). He has a Certificate from the Pacific Coast Banking School of Bank Management, a Juris Doctor from the University of San Francisco with a concentration in banking and finance, and a BA from Dartmouth College. He is a Certified Regulatory Compliance Management and Certified Anti-Money Laundering Specialist.