US bank regulators issue proposal to scrap updated fair lending rules
ReutersJul 16, 2025 6:30 PM
WASHINGTON, July 16 (Reuters) - The nation's top bank regulators issued a proposal on Wednesday that would scrap a 2023 update to fair lending rules and reinstate prior requirements for banks.
The proposal would require banks to comply with original rules drafted in 1995 enforcing the Community Reinvestment Act, a 1977 law that requires banks to service local communities.
The agencies had previously announced plans to undo the updated rules earlier this year.
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