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A Texas federal judge has blocked the implementation of new fair lending rules that were set to take effect on April 1. The rules aimed to overhaul how lenders extend loans and services to low- and moderate-income Americans but were challenged by banking and business groups for violating the Community Reinvestment Act of 1977.
Texas judge blocks updated low-income lending rules challenged by the American Bankers Association and by community banks’ trade group. https://t.co/CbCcDxri1P
A Texas federal judge has ordered a halt to the rollout of federal banking regulators' recently revamped rules intended to spur bank lending in underserved communities. https://t.co/rGNHofXQXq
A federal judge in Texas sided with banking and business groups in finding that the regulations adopted during the Biden administration that sought to overhaul how lenders extend loans and other services ran afoul of the Community Reinvestment Act of 1977 https://t.co/dafWRtVzVu https://t.co/SpU5bjoHqR
