Federal Banking Agencies Announce Intent to Rescind 2023 Community Reinvestment Act Final Rule and Return to Prior Framework
By EsqSocial Corporation 15/04/25
What Happened? The Federal Deposit Insurance Corporation (“FDIC”), Board of Governors of the Federal Reserve System (“Federal Reserve”) and the Office of the Comptroller of the Currency (“OCC”), (collectively, “federal banking agencies”) announced their intent to rescind the 2023 Community Reinvestment Act Final Rule (“Final Rule”) and to reinstate the CRA framework that existed prior to the 2023 CRA Final Rule....
By: Alston & Bird