The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency announced that, in light of pending litigation, they intend to propose rescinding the October 2023 Community Reinvestment Act final rule and reinstating the CRA framework that existed before that rule, while continuing to coordinate on a consistent approach to CRA implementation.
Federal Reserve Board 2025-03-28
Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency to propose rescinding the 2023 Community Reinvestment Act rule and reverting to the prior framework
The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency plan to propose rescinding the October 2023 Community Reinvestment Act (CRA) final rule due to pending litigation. They aim to reinstate the previous CRA framework while maintaining coordination on a consistent implementation approach.