Federal agencies rescind guidance on special-purpose credit programs
Federal housing and banking regulators are rescinding 2022 guidance on special-purpose credit programs, saying the document conflicts with fair lending law. The post Federal agencies rescind guidance on special-purpose credit programs appeared first on ABA Banking Journal .
Federal housing and banking regulators are rescinding 2022 guidance on special-purpose credit programs, saying the document conflicts with fair lending law. The post Federal agencies rescind guidance on special-purpose credit programs appeared first on ABA Banking Journal .
BELLINGS Intelligence Score: 62
Why it matters
The rescission of federal guidance on special-purpose credit programs by housing and banking regulators represents a significant regulatory shift that could affect fair lending practices and credit availability, with implications for underwriting standards and compliance across the banking sector.