The US Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency have 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. The agencies noted that the 2023 final rule is subject to legal action and has not taken effect, so the 1995 CRA regulations continue to apply to banks. If adopted, the proposal would revert the CRA framework in light of the pending litigation and is intended to limit regulatory burden while maintaining banks’ obligations to serve their communities. Comments are due 30 days after the proposal is published in the Federal Register.
Federal Reserve Board 2025-07-16
US Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency propose rescinding the 2023 Community Reinvestment Act rule and reverting to the 1995 framework
The US Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency proposed rescinding the 2023 Community Reinvestment Act (CRA) final rule, reverting to the 1995 CRA regulations with technical amendments. The 2023 rule, not yet in effect due to legal challenges, would be replaced to reduce regulatory burden while ensuring banks continue serving their communities.