What are the CRA ratings for banks?
Upon completion of a CRA examination, an overall CRA Rating is assigned using a four-tiered rating system. These ratings are: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance.
What did the Bank Secrecy Act establish?
Congress passed the Bank Secrecy Act in 1970 as the first laws to fight money laundering in the United States. The BSA requires businesses to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory matters.
What does BAI stand for in education?
Academic Degree, Bachelor’s Degree, Qualification. 1. BAI.
How often is a CRA exam?
about every 3 years
Depository institutions undergo CRA exams about every 3 years, depending on past performance. Every business quarter, the Federal Deposit Insurance Corporation (FDIC) releases the CRA Examination Schedule by region and lists the information about each bank that is being examined.
How do you qualify for CRA?
What Makes a Census Tract CRA Eligible?
- Low: tract median family income less than 50% of area median family income.
- Moderate: tract median family income greater than or equal to 50% and less than 80% of area median family income.
What is the work of a bank administrator?
Manage and administer day-to-day functions of a bank. Ensure qualitative services to bank customers. Build customer relationships through best banking practices. Assist and support banking staff in handling customers’ requests and needs.
What does BAI Stand for medical?
BAI. Beck Anxiety Index. Beck, Anxiety, Depression.
What is BAI health?
BAI is an abbreviation of body adiposity index.
What is Bai training insights?
Discover how the bank has streamlined all compliance training planning with BAI Training Insights, an innovative tool in the BAI Learning Manager designed to help develop and document annual training plans more efficiently and effectively. Compliance can be expensive, but the cost of non-compliance is much steeper.
What is the BAI Learning Manager?
Developed by BAI specifically for the financial services industry, the BAI Learning Manager is the powerful learning management system you need.
What is the Bai banking series for compliance training?
Efficiency matters now more than ever — especially when it comes to training your employees. At every level of your business, the BAI Banking Series streamlines compliance training so your team members can learn, test, improve, and get back to work more quickly.
How does the Bai LMS work?
Course assignments automatically and seamlessly adjust, as employees move across the organization, providing new training needed without re-assigning previously completed courses. Course re-take limits are easy to set and change. Brand the BAI LMS with your logo and brand colors.