Agencies Announce Intent to Rescind 2023 Community Reinvestment Act Final Rule

March 28, 2025 / Source: FDIC

Joint Release

Federal Deposit Insurance Corporation

Federal Reserve Board

Office of the Comptroller of the Currency

March 28, 2025

The federal bank regulatory agencies today announced, in light of pending litigation, their intent to issue a proposal to both rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and reinstate the CRA framework that existed prior to the October 2023 final rule. The agencies will continue to work together to promote a consistent regulatory approach on their implementation of the CRA.

Contact(s)

FDIC: Julianne Breitbeil, (202) 898-6895

FRB: Laura Benedict, (202) 452-2955

OCC: Stephanie Collins, (202) 649-6870