October 15, 2026, Capitol Account, No Fed, No Deal: CRA Plan Gets Cool Reception From Banks
The National Community Reinvestment Coalition, which sued to stop a CRA rule during the first Trump administration, projected that the current proposal could reduce banks’ local lending and community development work by tens of billions of dollars. The group criticized the regulators’ cost-benefit review, which is often a basis for legal challenges.
“The OCC and FDIC have not provided a detailed analysis of their proposed changes that includes estimates of reductions in community development financing, branch data collection and reporting, or any assessment of whether the effects are concentrated in particular geographic areas or populations, including rural communities and communities of color,” the NCRC wrote.
