BPI and ABA Cite New Capital Rules and Pending Supreme Court Decisions

Bank Policy Institute and American Bankers Association jointly urge federal regulators to postpone the Community Reinvestment Act (CRA) revisions due to forthcoming capital rules and pending Supreme Court decisions affecting the Consumer Financial Protection Bureau. They highlight reduced incentives for banks to support CRA activities like low-income mortgages under new capital requirements, leading to concerns about reduced mortgage lending. The CRA overhaul faces industry challenges amid evolving regulatory standards.