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Welcome to Compliance 911, a no-nonsense, cut to the point, style show for today’s busy bank and credit union compliance professionals. With this series of bi-weekly shows our goal is to boil down some of today’s hottest regulatory compliance topics in quick and easy to digest 5-10 minute episodes so you can get the information you want and get on with your day. We’ll be discussing topics like CRA, HMDA, Fair Lending, Anti Money Laundering, and so much more. Don’t forget to subscribe and tell a friend about us! Follow M&M Consulting and GeoDataVision us on LinkedIn to get the latest updates.
Episodes
Aug 16, 2021
Aug 16, 2021
8 min
In this podcast CRA expert, Len Suzio talks about the growing number of banks that fail to pass the Assessment Area ratio test and the negative implications for their entire CRA performance rating. More and more community banks are adopting regional and in some cases, national loan markets seriously diluting the ratio. Examiners' CRA manuals state that a bank cannot be rated "satisfactory" with less than 50% of their loans within their Assessment Areas. Learn about what this means and how to address the problem should your bank be pursuing a similar non-traditional marketing strategy.
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