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The Community Reinvestment Act (CRA) was designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods. Recently, a final rule was announced that updates CRA regulations to strengthen the achievement of the core purpose of the statute, and adapting to changes in the banking industry, including the expanded role of mobile and online banking.
In this webinar, Rhonda Coggins, CRCM, Manager, Risk Advisory Services at Wipfli will provide detailed information on the new Community Reinvestment Act (CRA) final rule recently issued by the Federal Reserve, FDIC and OCC. We will discuss the rule and how it modernizes regulations that implement the CRA. Please join us for 90 minutes including a Q&A session.
Discussion will include:
Rhonda Coggins
Manager, Risk Advisory Services
Wipfli LLP
Rhonda Coggins, CRCM, is a Risk Advisory Services Manager at Wipfli where she provides compliance-related advice and guidance to banks and credit unions all over the country. With over 38 years of experience in the financial industry, she has served in a variety of compliance-related capacities, as a banker and as a consultant. She has managed compliance committees, participated in policy development, managed the implementation of compliance processes, managed compliance review and quality control processes, and has delivered training programs on various risk management and compliance topics. Rhonda currently serves on the Board of Directors of the Dallas Area Compliance Association.