April 18, 2024
Federal regulators said Thursday that they are appealing a Texas federal judge's decision to block their rollout of new community lending rules amid a legal challenge from the banking industry.
April 01, 2024
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, granting a preliminary injunction sought by bank industry trade groups suing to overturn the changes.
March 11, 2024
The Federal Reserve Board and other banking agencies say that the American Bankers Association and other groups only sued to rewrite the Community Investment Act for their own ends, asking Friday for a Texas federal judge to reject the plaintiffs' call for a preliminary injunction.
February 05, 2024
The Federal Reserve and other banking agencies were sued Monday in Texas federal court over their recent revamp of rules intended to spur bank lending in underserved communities, an overhaul that a coalition of banking industry trade groups alleges violated federal law and must be set aside.