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Banks support plans to rescind Community Reinvestment Act final rule
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Consumer Protection
Tuesday, April 1, 2025
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The federal bank regulatory agencies announced their intent to rescind the 2023 Community Reinvestment Act (CRA) final rule and reinstate the CRA framework that existed prior to the October 2023 final rule, citing “pending litigation.” The decision was welcomed by the financial services industry but disappointing to consumer advocates.
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