The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced that, in light of pending litigation, they intend to issue a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and to reinstate the CRA framework that applied before that rule. The agencies also indicated they will continue working together to maintain a consistent regulatory approach to CRA implementation.
Office of the Comptroller of the Currency 2025-03-28
Federal Deposit Insurance Corporation, Federal Reserve Board and Office of the Comptroller of the Currency plan proposal to rescind the 2023 Community Reinvestment Act rule and reinstate the prior framework
The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency plan to propose rescinding the Community Reinvestment Act (CRA) final rule from October 2023 due to pending litigation, reinstating the previous CRA framework. The agencies will collaborate to ensure a consistent regulatory approach to CRA implementation.