10/25/2023
"Bank regulators on Tuesday unveiled a sweeping new rule to combat lending discrimination, the culmination of a five-year effort to overhaul a landmark 1977 anti-redlining law.
The new rule — which would require banks to increase their lending to low- and moderate-income communities — marks the most significant revision to the Community Reinvestment Act’s rules in nearly three decades."
The new rule marks the most significant revision to the Community Reinvestment Act in nearly three decades.