Community Reinvestment Act (CRA)

CRA is an important consideration in any regulatory application, including mergers, acquisitions, and new branches. In addition, the Gramm-Leach-Bliley Act emphasizes the importance of a bank's CRA performance in determining which banks will be permitted to expand their business beyond normal bank activities.

ICS Compliance can help you monitor your performance periodically and make adjustments to address any deficiencies.

Our CRA practice area is comprised of former federal regulators who focused on CRA and former Community Reinvestment Act officers from banks. With ICS Compliance, your project will always be staffed with senior people.

Our team helps you evaluate and monitor your CRA performance and make adjustments to address any deficiencies.

Community Reinvestment Act (CRA) Services Include:

• CRA Performance
• CRA Plan Development
• Performance Context Updates
• Conforming Assessment Area
• Lending Performance Assessment
  • Home Mortgage
  • Small Business
  • Consumer Loan Portfolios
• Evaluate the Volume and Type of Community Development Loans
• Reviewing Qualified Investments, Grants, and Donations
• Retail Banking and Community Development Services Analysis
• CRA Technical Compliance Review
• CRA Strategies Recommendations
• Quarterly CRA Performance Updates
• Exam Remediation
• Training
• HMDA & CRA Data Collection & Reporting:
  • HMDA & CRA data integrity testing
  • HMDA & CRA data preparation

Fair Lending

Fair lending continues to grow as a major focal point for regulators in light of the recent mortgage and credit crises. Examiner focus includes fair lending risks associated with loan servicing - foreclosure, modification, and federal programs. ICS Compliance will evaluate your fair lending performance in accordance with the Interagency Fair Lending Examination Procedures and recent regulatory guidance.

Our fair lending practice area is comprised of former federal regulators who focus on fair lending. With ICS Compliance, your project will always be staffed with senior people.

ICS Compliance's Fair Lending Services review compliance with the non-discrimination requirements of the Equal Credit Opportunity Act, Fair Housing Act, and applicable state laws.

Fair Lending Services Include:

• Fair Lending Risk Assessments
• Comparative File Review
• Transaction Testing
• Exam Remediation
• Training
• Policies and Procedures