ST. CLOUD, Minn. - Bankers Systems Inc. has introduced a training video to help bankers prepare for the new CRA rules.
"The New CRA: Complying with Changing Standards" is designed to teach an entire bank staff what their responsibilities are under the new rules.
Specifically, the video analyzes the regulation's three-pronged test: lending, investment, and service. It also gives banks advice in complying with each area.
Other parts of the video address the streamlined examination for small banks, the pros and cons of the strategic plan option, and new data collection requirements for small-business and farm loans.
"It's important to us to get the final information out there to help our customers make this transition as smooth as possible," said John Weitzel, chief executive of Bankers Systems.
The video costs $99. For more information, call 800-397-2341, ext. 5373.