Community Reinvestment Act Revisited

The federal bank regulatory agencies issued a statement of their intent to 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. CRA was implemented to ensure that banking institutions meet the needs of borrowers, markedly those in low and moderate income neighborhoods. Compliance with the final rule, set to begin January 1, 2026, is currently pending. Access this practice note to understand the CRA’s final rule amendments and evaluation framework revisions.

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Related Content                   

• Community Reinvestment Act and Financial Inclusion
  Review this comprehensive overview of legal, regulatory, and supervisory examination requirements for commercial banks and savings associations under the CRA.

• Community Reinvestment Act Policy Form
  Utilize this template Community Reinvestment Act Policy Form for financial institutions subject to the CRA.

• Fair Lending Presentation
  Access this presentation for an overview of fair lending laws including the CRA, lending prohibitions, and steps to ensure compliance in consumer lending transactions.

• Fair Lending Regulation Tracker
  Use this tracker to remain informed on key federal fair lending laws (final and proposed) from bank regulatory agencies (Federal Reserve Board of Governors, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, National Credit Union Administration, the White House Administration, the Consumer Financial Protection Bureau, and the Federal Trade Commission.

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