Aldrich & Bonnefin, PLC is pleased to invite you and your operations staff to attend a Seminar addressing operations compliance. We will discuss a number of important banking operations compliance areas.

 

The presentation will include issues and processes triggered when an institution is notified of an account holder’s death. This death of depositor discussion will include small estate processes, as well as estates subject to probate.

 

A review of the FDIC’s new final rule on official signs, advertising requirements, false advertising, misrepresentation of insured status, and misuse of the FDIC’s name or logo, will also be covered.

 

We will also discuss powers of attorney, including content requirements and related risks (general, durable, statutory, and trustee scenarios).

 

Lastly, we will address recent operations “hot topics,” such as overdraft and NSF fee regulatory developments, and the banking agencies’ third-party risk management guidance.

As compliance and CRA professionals are well aware, the consumer examination process continues to stress the importance of CRA compliance. CRA examinations evaluate the results of a bank’s lending activities and, for some banks, also their community development investment and services activities, in meeting the credit needs of their local communities. These matters are made all the more confusing with the finalization of the new CRA Final Rule, the first comprehensive update to the CRA regulations in decades that makes significant modifications to how a bank’s CRA performance is going to be evaluated, with new assessment areas and performance tests, revamped definitions of community development, and revised asset-level thresholds for determining whether a bank is a large, intermediate, or small bank.

 

We have designed our CRA Seminar to assist you in understanding today’s rule, now called the “legacy rule” by examiners, as well as key components of the new CRA Final  Rule. We’ll review performance criteria that apply to each type of bank (large, intermediate small, and small), what qualifies as “community development,” and how a bank’s performance context – such as its capacity and constraints and the needs and opportunities within its assessment areas – can impact its CRA performance. Although many provisions of the new CRA Final Rule will not apply until January 2026, we will discuss some important changes that you should be aware of.