Fed Restarts Inter-Agency CRA Rewrite
Emphasizing its new focus on racial equity ahead of several Congressional hearings this week, the Federal Reserve Board today unanimously approved a long-awaited ANPR revising its CRA regulations. With this action, the Board is also attempting to take back its poll position setting U.S. standards, today emphasizing its wish that its approach, once honed, becomes the basis for renewed inter-agency cooperation.