What bankers should know about CDFI changes and FDIC pullback
Summary by American Banker
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The Future of CRA: What CDFIs Need to Know About the Latest Regulatory Shift
Federal agencies have plans to rescind the Community Reinvestment Act final rule, a move that could impact how CDFIs drive investment in their communities.Read time: 2 minutesOn March 28, the federal bank regulatory agencies—Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—announced plans to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023. The 2023 C…
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