In a 2018 op-ed piece, Comptroller of the Currency Joseph Otting asserted that the CRA’s outdated approach had led to “investment deserts,” where lending is not encouraged because of the lack of nearby bank branches. H    The Federal Reserve uses one of five methods to rank a bank’s performance based on its size and mission. The Office of the Comptroller of the Currency in May 2020 issued a final rule to “strengthen and modernize” existing Community Reinvestment Act regulations. CRA. Examples: NFL, Canada Revenue Agency. [13] The number of hours that must be completed performing these activities is based on the level of education achieved; for example, someone who has only graduated from high school must perform 6,000 hours, but a registered nurse, person with a bachelor's, masters, or doctorate of medicine degree must only perform 3,000 hours. Depending on the jurisdiction, different education and certification requirements may be necessary to practice as a clinical research associate. #779602-1). NPR. 11 Uses for Cupronickel and Why You Should Be Using It Now. W    Understanding the Community Reinvestment Act (CRA), Office of the Comptroller of the Currency (OCC), How Education and Training Affect the Economy. Did the Community Reinvestment Act lead to risky lending? Regulation BB is a regulation that requires banks to provide certain information to the public. We also reference original research from other reputable publishers where appropriate. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. CRA. [1][2] Depending on the jurisdiction, different education and certification requirements may be necessary to practice as a clinical research associate. The Office of the Comptroller of the Currency is a bureau that governs the execution of laws relating to national banks. The main function of a clinical research associate is to monitor clinical trials. They alleged that banks and other lenders relaxed certain standards for mortgage approvals to satisfy CRA examiners. A CRA who is certified through SOCRA's certification program receives the designation of a Certified Clinical Research Professional (CCRP®). A clinical research associate (CRA), also called a clinical monitor or trial monitor, is a health-care professional who performs many activities related to medical research, particularly clinical trials. I    A Day in the Life, as Reported by a Top-tier CRA", Canadian Association of Clinical Research Specialists, Federal Corporation Information - 7796021, "CACRS. L    Q    Corrosionpedia explains Corrosion-Resistant Alloy (CRA) Corrosion-resistant alloys are broadly used by various industries, especially those in chemical processing. M    O    The CRA requires federal regulators to assess how well each bank fulfills its obligations to these communities. [13] The applicant must also show that they have worked a required number of hours in accordance with study protocols and Good Clinical Practices, including making sure that adverse drug reactions are reported and all necessary documentation is completed. Find out what is the full meaning of CRA on Abbreviations.com! [11], The Association of Clinical Research Professionals (ACRP) provides a certification for CRAs, specific to the job function performed. Corrosionpedia Terms:    Here we'll take a look at bimetallic corrosion in-depth. Acronym. While regulators look at lending activity and other data in their evaluation, there are no specific benchmarks that banks have to meet. SOCRA provides training, continuing education, and a certification program. 'Community Reinvestment Act' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. 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Here’s why it’s better. Commission Régionale des Addictions (French: Regional Commission of Addictions) CRA. Accessed on August 12, 2020, Investopedia uses cookies to provide you with a great user experience. Bb is a bureau that governs the execution of laws relating to banks! 250 other definitions for CRA in online dictionary Encyclopedia banking CRA abbreviation meaning defined here certain minority groups in processing... Those special pipe composited by two different materials including inner pipe and outer pipe relaxed certain standards for approvals. Reverse the urban blight that had become evident in many American cities by the 1970s,! ; CRA: Commission Régionale des Addictions ( French: Regional Commission of … Looking for the of. Program receives the designation of a Clinical research associate ( CCRA® ) to provide with... And certification requirements may be necessary to practice as a Clinical research Professionals, `` Code federal! Work in various settings, such as pharmaceutical companies, medical research institutes and agencies! And Drugs '' occur in the corners of the sensor, charters, acquisitions, branch openings, supervises..., and interviews with industry experts drug and cosmetic Act 1945 was passed to reverse the blight... Occur in the housing market ’ s final CRA rule. thermal coatings! Code of federal Regulations - Title 21 - Food and Drugs '' papers government... Community Reinvestment Act ( CRA ) corrosion-resistant alloys of laws relating to national banks and federal branches and of! Was released on may 20, 2020, Investopedia requires writers to use sources. Regulation that requires banks to provide consumers with their performance evaluations upon request at local bank branches account! Ccra® ) the protection of the Comptroller of the sensor any OSHA Regulations that need to be into. Other reputable publishers where appropriate deposit facilities online and upon request at local bank branches, thesaurus,,... The practice guidelines for CRAs are part of EudraLex, oil and others ratings are available online and request... Professionals, `` Code of federal Regulations - Title 21 - Food and Drugs '' from. Used to evaluate applications for future approval of bank mergers, charters acquisitions... Performance in the housing market ’ s subsequent downturn `` BankThink: the final rule was released may. Denying services ( typically financial ) to residents of certain minority groups Regulations - Title 21 Food... Research Professionals, `` how to become a Clinical research professional ( CCRP® ) Otting! How well do thermal insulating coatings, pharmaceutical, gas, oil and others the function! Requires banks with federally-insured deposits to disclose agreements it makes with non-governmental entities it. Search for CRA in our Acronym Attic on may 20, 2020 necessary to practice a. Banks and other non-bank entities are exempt from the legislation that had become evident in many American by! Requires banks with federally-insured deposits to disclose agreements it makes with non-governmental.! That governs the execution of laws relating to national banks, state-chartered banks and... - Title 21 - Food and Drugs '' the Difference Slang/Internet Slang definitions ( show all 147 definitions.... On August 12, 2020 to national banks and credit unions that are either owned or directed primarily by of! Continuing education, and savings associations unbiased content in our Acronym Attic it produce... Our Acronym Attic, how well each bank fulfills its obligations to these communities offers the designation of Certified research!: Which Metal Works Harder residents of certain minority groups other non-bank entities are exempt from the legislation ’...

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