The Federal Deposit Insurance Corporation, the Federal Reserve Board and the Office of the Comptroller of the Currency issued a joint proposal to rescind the Community Reinvestment Act (CRA) final rule adopted in October 2023 and replace it with the prior CRA regulations originally adopted in 1995, with certain technical amendments. If adopted, the proposal would return banks to the pre-2023 CRA framework, which the agencies linked to greater certainty for stakeholders given pending litigation and reduced regulatory burden, while maintaining expectations that banks serve their communities. The agencies noted that the 2023 final rule has not taken effect and remains subject to legal action, so the 1995 regulations continue to apply to banks. Comments are due 30 days after publication of the proposal in the Federal Register.
Office of the Comptroller of the Currency 2025-07-16
Office of the Comptroller of the Currency, Federal Reserve Board and Federal Deposit Insurance Corporation propose rescinding the 2023 Community Reinvestment Act rule and reverting to the 1995 framework
The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency proposed rescinding the 2023 Community Reinvestment Act (CRA) final rule and reinstating the 1995 CRA regulations with technical amendments. This move aims to provide greater certainty amid pending litigation and reduce regulatory burden, as the 2023 rule has not taken effect and remains under legal scrutiny.