Regulatory Alerts2026-08-25 | FIL-51-2026Added
Rescission of Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B
The Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the Department of Housing and Urban Development, the Department of Justice, and the Federal Housing Finance Agency rescinded the 2022 Interagency Statement on Special Purpose Credit Programs. This rescission is effective immediately to prevent creditors from relying on the prior guidance to engage in discriminatory activities inconsistent with the Equal Credit Opportunity Act, Regulation B, and the Fair Housing Act. All special purpose credit programs must comply with these statutes and regulations.
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