Jump to Content
ABA: The American Bankers Association

Community Reinvestment Act Modernization

Reflecting Changes in Technology, Consumer Preferences and the Business of Banking

ABA Position

ABA strongly supports modernizing CRA and has urged regulators to: align CRA resources with actual community needs; reflect changes in technology, consumer preferences and the business of banking; increase certainty and transparency regarding regulatory interpretations and standards; improve the supervisory process; and apply CRA-like requirements to other financial firms, including credit unions.

Related Training & Events

  • Multicultural Banking

    Recorded Webinar | January 24, 2024

    The U.S. population is becoming more racially and ethnically diverse. Learn how other banks are updating their business strategies to reflect these demographic changes and how they are tailoring product and service offerings to expand their customer base.

  • Serving Limited English Proficiency (LEP) Customers

    Recorded Webinar | November 29, 2023

    Serving customers whose primary language is not English presents a business opportunity to serve America’s increasingly diverse populations. Hear how one bank has embraced the business case and addressed compliance risks to reach deeper into its community.

  • ABA Experts Webinar: What You Need to Know about the CRA Final Rule

    Recorded Webinar | November 3, 2023

    The federal banking agencies have finalized the long-awaited overhaul of regulations that implement the Community Reinvestment Act. The new rule aims to reflect the digital delivery of financial products and services and enhance economic opportunity for low-and moderate-income individuals and communities. It also has strategic implications for banks that may affect your growth strategy and expansion into new markets.

  • Serving Military Families

    Recorded Webinar | November 2, 2023

    With approximately 1.4 million active military personnel in the U.S., it is important that banks have strategies to serve those who serve our country. This program will discuss financial challenges facing military members and their families and leading practices for meeting their needs.

View All

Our Experts

Krista Shonk

Krista Shonk

SVP & Senior Counsel, Regulatory Compliance & Policy

Contact Krista

Press Contact

Mike Townsend

(202) 663-5471

Contact Mike

Stay Connected

CRA Working Group

Inform ABA policy positions and advocacy on modernization of the Community Reinvestment Act.

Community Engagement and Reinvestment Committee

The Committee assists bankers in finding constructive ways to encourage and promote sound lending and investments in their communities.

Risk, Compliance & Financial Crimes Email Bulletin

A weekly information resource with ABA news, analysis and resources, specifically selected to meet readers’ unique content needs. (Bank members only)