CRA Guidance and Consulting
Providing due diligence with regard to the Community Reinvestment Act (CRA) involves a thorough evaluation of a financial institution’s lending, investment, and service activities. Premier Insights helps institutions enhance the level of service they provide to low- and moderate-income (LMI) communities, at the same time ensuring compliance with regulatory expectations. Let us take a look at your data. Contact us today.
CRA Compliance Serves Your Community
Team up with Premier Insights to ensure that your institution extends the same opportunities to everyone, regardless of their demographic or financial status. This comprehensive equality of service is what the Community Reinvestment Act was passed to encourage. However, it comes with an enormous amount of risk. We can help you manage that risk by analyzing your loan and other data, assessing geographic distributions, reviewing community development initiatives, examining Home Mortgage Disclosure Act (HMDA) data for disparities, and much more. Not only will the recommendations and policies we offer help your institution comply with CRA requirements, it will also enable you to better manage risk as you strive to serve your community more holistically.
By conducting community needs assessments and aligning the bank’s strategies with CRA goals, we help institutions not only meet compliance standards but also strengthen their community impact, ultimately supporting equitable access to credit and fostering sustainable economic growth in LMI neighborhoods.
Managing CRA & Fair Lending Risk
Regulatory and enforcement agencies now have access to information that was previously available only through the regulatory review process. Access to this data vastly increases their analytic capabilities, dramatically elevating CRA and fair lending risks for financial institutions. At Premier Insights, we help our clients mitigate these risks without leaving them exposed to regulatory action or sacrificing profitability. We have experience working with internal teams as well as legal counsel, and we have become adept at helping both parties effectively navigate ever changing regulatory requirements.