Exam Preparation
CRA Exam Preparation for Fintech
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 fintech.
Fintech Exam Preparation Challenges
Building compliance programs from scratch
Meeting sponsor bank requirements
Preparing for potential direct regulation
Scaling compliance with rapid growth
Managing multi-state licensing
Examining Agencies
FDICOCCFederal Reserve
Exam Frequency
Every 2-5 years depending on asset size and rating
Preparation Steps for Fintech
1
Update assessment area analysis2
Compile lending data by geography3
Document community development activities4
Gather service delivery evidence5
Prepare response to community needs assessment6
Compile innovative and flexible lending documentation7
Document community partnershipsEvidence 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 Fintech
BSA/AML programConsumer protectionData privacyThird-party risk managementState licensing
Frequently Asked Questions
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Transform CRA Exam Preparation for Your Fintech
See how fintech prepare for examinations in days, not weeks.