Agencies announce intent to rescind 2023 Community Reinvestment Act final rule
On March 28, 2025, federal banking regulators (the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), and the Office of the Comptroller of the Currency (OCC)) announced plans to rescind the final rule that they jointly issued in October 2023 to strengthen and modernize the CRA regulations. The agencies indicated a consistent approach to implementing CRA requirements, but did not specify the timing of the formal rescission of the 2023 final rule.
Agencies announce intent to rescind 2023 Community Reinvestment Act final rule - OCC
Agencies announce intent to rescind 2023 Community Reinvestment Act final rule - FDIC
Agencies announce intent to rescind 2023 Community Reinvestment Act final rule - FRB