Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B

Why it matters

The interagency rescission of a key regulatory statement on Special Purpose Credit Programs under ECOA and Regulation B represents a significant regulatory shift with broad implications for credit underwriting, compliance, and fair lending practices across the banking and credit markets.

Sources

• Federal Register

  Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B

  FDIC, NCUA, OCC, CFPB, HUD, DOJ, and FHFA (collectively, the agencies) are issuing this notice to inform the public of the rescission of the "Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B" (Interagency…