This episode we welcome Brandon K. He is the Vice President of Community Reinvestment at a community bank in the South. And we asked Brandon to explain the Community Reinvestment Act like I’m high.
00:00 - 02:24 - Intro; What strain?
02:24 - 03:07 - Credentials
03:07 - 05:28 - CRA history
05:28 - 08:33 - Criteria to be a “passing” CRA bank
08:33 - 11:21 - What are benefits of CRA?
11:21 - 14:56 - When will the CRA be modernized?
14:56 - 17:03 - What is a banks focus and how to they meet regulations?
17:03 - 19:56 - How do banks handle taking risks to help the community?
19:56 - 24:35 - What’s an example of service from a Bank to the community?
24:35 - 27:44 - How often is the CRA renewed?
27:44 - 31:25 - Quiz
31:25 - 35:29 - Final Thoughts//Outro