Canarie AI

Exam Preparation

CRA Exam Preparation for Licensed Fintechs

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 licensed fintechs.

More for Licensed Fintechs

Licensed Fintechs Exam Preparation Challenges

Managing licenses across 50+ jurisdictions
Tracking state-specific requirements
License renewal management
State examiner relationships
Scaling to new states efficiently

Examining Agencies

FDICOCCFederal Reserve

Exam Frequency

Every 2-5 years depending on asset size and rating

Preparation Steps for Licensed Fintechs

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 Licensed Fintechs

State licensing and renewalBSA/AML programConsumer protectionState-specific disclosure requirementsExamination management

Frequently Asked Questions

Transform CRA Exam Preparation for Your Licensed Fintech

See how licensed fintechs prepare for examinations in days, not weeks.