Regulation BB [The Community Reinvestment Act (CRA)]

Regulation BB [The Community Reinvestment Act (CRA)] is an elearning course that provides a brief overview of this act and what information a bank is required to collect and report. Regulation BB, also known as the Community Reinvestment Act (CRA), was enacted in 1977. It requires financial institutions, excluding credit unions, to help assist with the credit needs of their surrounding communities, including low-income to moderate-income communities. Regulation BB is revised yearly to update the asset threshold for banks. In this course, we’ll cover what effect CRA performance has on regulatory applications, how CRA performance is evaluated, and what information a bank is required to collect and report.

Part of our series on Regulations, this course defines how Regulation BB assists the needs of underserved communities. It includes a video with audio narration and downloadable materials. A quick quiz is provided to test retention of key takeaways.