Exam Preparation

CRA Exam Preparation for Consumer Lenders

Community Reinvestment Act examinations evaluate your institution's record of meeting community credit needs. Canarie helps you maintain evidence of CRA activities, from lending in assessment areas to community development investments to service delivery. Specifically tailored for the unique examination requirements facing consumer lenders.

More for Consumer Lenders

Consumer Lenders Exam Preparation Challenges

Multi-jurisdictional requirements
Consumer protection scrutiny
State rate and fee limitations
Fair lending requirements
CFPB oversight

Examining Agencies

FDICOCCFederal Reserve

Exam Frequency

Every 2-5 years depending on asset size and rating

Preparation Steps for Consumer Lenders

1
Update assessment area analysis
2
Compile lending data by geography
3
Document community development activities
4
Gather service delivery evidence
5
Prepare response to community needs assessment
6
Compile innovative and flexible lending documentation
7
Document community partnerships

Evidence Examiners Expect

Assessment area delineation
Lending distribution analysis
Community development loan documentation
Investment and grant records
Service delivery documentation
Community contact feedback
Board CRA oversight evidence

Related Compliance Areas for Consumer Lenders

TILA/Reg ZECOA/Reg BFCRAUDAAPState-specific requirements

Frequently Asked Questions

Transform CRA Exam Preparation for Your Consumer Lender

See how consumer lenders prepare for examinations in days, not weeks.