The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking to be issued jointly with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency to rescind the Community Reinvestment Act (CRA) final rule issued on October 24, 2023 and replace it with the agencies’ 1995 CRA regulations, with certain technical amendments. The proposal would apply to all FDIC-supervised and FDIC-insured financial institutions. It frames the change as a return to the current supervisory baseline, noting that the 2023 CRA final rule has not taken effect and is subject to legal action, and that the agencies continue to apply the 1995 CRA regulations to banks. The notice also proposes to update the asset-size thresholds for the definition of “small bank” to reflect the agencies’ annual inflation adjustments for 2025, and to make conforming changes to the FDIC’s regulations implementing the CRA Sunshine Requirements of the Federal Deposit Insurance Act. Comments would be due 30 days after publication in the Federal Register.
Federal Deposit Insurance Corporation 2025-07-16
Federal Deposit Insurance Corporation approves joint proposal with the Federal Reserve and OCC to rescind the 2023 CRA final rule and restore 1995 regulations
The Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and Office of the Comptroller of the Currency proposed rescinding the 2023 Community Reinvestment Act (CRA) rule, reverting to the 1995 CRA regulations with technical amendments. This affects all FDIC-supervised and insured institutions, updating asset-size thresholds for "small bank" definitions and adjusting CRA Sunshine Requirements. The 2023 rule has not taken effect and remains under legal scrutiny.