Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023.

The decision made by the governing boards of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) will result in the agencies reinstating the CRA framework that existed before October 2023. The prior rule was adopted in 1995 but faced some technical amendments.  

“Because the 2023 final rule is subject details ⇒

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