Regulation BB requires financial institutions, excluding credit unions, to help assist with the credit needs of their surrounding communities, including low- to moderate-income communities. Regulation BB, or the Community Reinvestment Act (CRA), was enacted in 1977. It is revised yearly to update the asset threshold for banks. In this program we'll cover what effect CRA performance has on regulatory applications, how CRA performance is evaluated and what information a bank is required to collect and report.