CRA sunshine: disclosure and reporting of community reinvestment act-related agreements

Introduction

This course will discuss disclosure and reporting requirements on banks and other insured depository institutions with respect to certain agreements related to the Community Reinvestment Act (CRA) as imposed by the Gramm-Leach-Bliley Act. The CRA Sunshine statute requires certain CRA-related agreements to be publicly disclosed and reported upon annually.

Why should you attend?

If your financial institution is required to comply with the requirements of the Community Reinvestment Act, it is important for you to understand the disclosure and reporting requirements for certain agreements related to the CRA required by the Gramm-Leach-Bliley Act (GLBA). This course will discuss what agreements are covered by GLBA, what disclosure and reporting requirements are addressed in the act, what policies, procedures, and practices your institution should develop to ensure compliance with the act, and the implications of non-compliance with the act.

Learning Objectives

• The background and intent of the GLBA as related to CRA
• The CRA agreements covered by the GLBA
• The CRA disclosure and reporting requirements addressed in the GLBA
• The CRA policies, procedures, and practices your institution should develop to ensure full compliance
• The implications of non-compliance with the GLBA

Areas covered in the Webinar

• The background and intent of the GLBA as related to CRA.
• The CRA agreements covered by the GLBA.
• The CRA disclosure and reporting requirements addressed in the GLBA.
• The CRA policies, procedures, and practices you institution should develop to ensure full compliance.
• The implications of non-compliance with the GLBA.

Who Will Benefit?

• CRA Officers
• CRA Staff
• CRA Auditors
• Staff responsible for completing and submitting required regulatory reports.
• Compliance Officers
• Compliance Staff

Speaker : Thomas Nollner

Thomas E Nollner has more than 35 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. As a safety and soundness examiner he examined national banks for capital adequacy, asset quality, management issues, earnings concerns, and liquidity funding. As a compliance examiner, he examined national banks for compliance with consumer laws and regulations such as the Truth-in-Lending Act, the Real Estate Settlement Procedures Act, the Flood Disaster Protection Act, the Community Reinvestment Act, and AML/CFT laws and regulations. His specialty was as an AML/CFT examiner, where he analyzed a bank’s AML/CFT program to ensure that it complied with applicable banking laws, rules, and regulations; he reviewed the bank’s suspicious transactions identification, monitoring, and reporting process; he traced proceeds and transactions through several layers of activity; and, he reviewed a bank’s processes and procedures to determine root causes of AML/CFT program weaknesses. Mr. Nollner currently works as a consultant for the Office of Technical Assistance (OTA), a branch of the U.S. Treasury that assists developing countries with banking issues. Mr. Nollner is assigned to the Economic Crimes Team that focused on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance. In this capacity, he worked in countries such as Afghanistan, Iraq, Turkmenistan, Viet Nam, Honduras, Guatemala, Guyana, Suriname, and Argentina developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.

Time: 03:00 PM EST| 12:00 AM PST | Duration: 60 Minutes