JOURNAL ARTICLE

Fed, FDIC Plan to Withdraw Community Reinvestment Act Final Rule.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Stoughton, Stephanie 3 of 3

Abstract

(Bloomberg) -- The Federal Reserve and two other banking regulators announced plans to withdraw the Community Reinvestment Act rule from 2023 due to pending litigation.The Fed, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency intend to reinstate the CRA framework from before that final rule, they said in a statement Friday."The agencies will continue to work together to promote a consistent regulatory approach on their implementation of the CRA," they wrote.©2025 Bloomberg L.P.By Stephanie StoughtonReported by Author [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/03, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:184143717
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