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:
The Community Reinvestment Act has been in effect for several years. One of the sections of the Act discusses the fact that banks can count as a positivity activity monies, in-kind payments, and activity that can have monetary activity/value. As the Act matured and CRA related activity increased, a need to have both the entity providing the CRA related activity and the bank receiving the activity accurately report this activity was identified. The result was the CRA Sunshine Act which included detailed, required reporting guidelines. This webinar will discuss the requirements of the Act. You should attend this webinar because we will discuss and you will learn the requirements regarding the disclosures 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. We will go into great detail discussing these issues.
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.
Agenda
- 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.
Speakers
Thomas Nollner ,
Banking AML/CFT Consultant ,
Office of Technical Assistance, U.S. TreasuryTom Nollner has over 35 years of experience in the banking regulatory field. His experience includes 30 years as a National Bank Examiner for the Office of the Comptroller of the Currency, United States Treasury and 5 years as an international banking consultant. He has a proven track record in assisting financial institutions regarding capital adequacy, asset quality, management issues, earnings concerns, and liquidity. In addition, Tom is a consumer specialist focusing on developing and instituting risk management processes, and in implementing anti-money laundering related programs and policies.
Tom has developed and presented numerous training programs focusing on banking issues, to regulatory authorities, government bodies, and the staff of financial institutions in countries in North America, Asia, the Middle East, the Caribbean, and South America. In addition, he has developed banking policies and examination procedures for regulatory authorities, and assisted Financial Intelligence Units and Central Banks with improving existing banking laws and regulations.
Who Should Attend
- CRA Officers
- CRA Staff
- CRA Auditors
- Compliance Officers
- Compliance Staff
- Staff responsible for completing and submitting required regulatory reports
