Federal bank regulatory agencies have proposed rescinding the Community Reinvestment Act (CRA) final rule from October 2023. They aim to replace it with the original CRA regulations from 1995, including some technical amendments. The proposal seeks to provide certainty for stakeholders amid ongoing litigation and reduce regulatory burdens on banks while ensuring they continue serving their communities.

The 2023 final rule has not been implemented due to legal challenges, so the agencies are still applying the 1995 regulations.