Agencies Dump Credit Program Guidance, Reiterate Ban on Discrimination
Published Date: 8/25/2026
Notice
Summary
FDIC, NCUA, OCC, CFPB, HUD, DOJ, and FHFA (collectively, the agencies) are issuing this notice to inform the public of the rescission of the "Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B" (Interagency Statement), dated February 22, 2022. The agencies are rescinding the Interagency Statement to make clear that (1) creditors may not discriminate against borrowers based on prohibited characteristics and (2) creditors should not rely upon the Interagency Statement or other related issuances going forward.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
2022 Special-Purpose Credit Guidance Rescinded
The agencies rescinded the Interagency Statement on Special Purpose Credit Programs dated February 22, 2022, effective August 25, 2026. Creditors should not rely on that Interagency Statement or related issuances going forward.
Special Purpose Credit Programs Must Comply
All special purpose credit programs must comply with the Equal Credit Opportunity Act, Regulation B, and, where applicable, the Fair Housing Act; federal law does not authorize generalized remedial “equity” initiatives absent specific cases of unlawful discrimination. The rescission is effective immediately as of August 25, 2026.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12787, Financial Data Transparency Act Joint Data Standards
Starting October 1, 2026, several big financial agencies are teaming up to create shared data rules that make financial info easier to share and understand across the government. This won’t change what companies have to report just yet, but it sets the stage for smoother, smarter data handling in the future. If you work with banks, credit unions, or financial regulators, get ready for clearer, more connected data soon!
2026-10817, Regulation for Federal Financial Assistance
This new rule updates how federal financial help is given and managed across many government agencies. It affects anyone who gets federal grants or aid, making the process clearer, fairer, and easier to follow. Changes kick in soon and could impact how money flows and how quickly folks get support.
2026-06948, Anti-Money Laundering and Countering the Financing of Terrorism Programs
Banks and credit unions will need to step up their game to stop money laundering and terrorist financing by creating stronger, smarter programs. These changes line up with new rules from another agency and aim to help catch bad guys faster. You’ve got until June 9, 2026, to share your thoughts before the rules become official, and these updates could shake up how banks handle security and compliance.
2025-06748, Temporary Exceptions to FIRREA Appraisal Requirements in Los Angeles County as Affected by California Wildfires and Straight-Line Winds
If you’re dealing with real estate loans or sales in Los Angeles County after the recent wildfires and strong winds, good news! The usual strict property appraisal rules are temporarily relaxed to help speed things up. These special rules last until January 8, 2028, giving banks and buyers more flexibility during recovery.
2025-21626, Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-16454, Community Reinvestment Act Regulations
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are proposing to amend their Community Reinvestment Act rules by making certain substantive, technical, and process-oriented changes to refocus on the statutory objective of encouraging banks to meet the credit needs of their communities; to better ensure that community development grants reach the communities they are intended to benefit; to reduce unnecessary burden, particularly for community banks; and to provide greater clarity for how to obtain CRA consideration. The OCC and the FDIC are also proposing certain technical changes to their rules implementing the Community Reinvestment Act sunshine requirements of the Federal Deposit Insurance Act. In addition, the OCC is proposing similar technical changes to its Public Welfare Investments rule and its Rules, Policies, and Procedures for Corporate Activities.
Previous / Next Documents
Previous: 2026-17306, Name of Information Collection: NASA Complaint of Discrimination Form 1355
NASA, as part of its continuing effort to reduce paperwork and respondent burden, under the Paperwork Reduction Act (PRA), invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections.
Next: 2026-17309, Revising U.S. Standards for Grades of Mushrooms
The Agricultural Marketing Service (AMS) of the Department of Agriculture (USDA) is revising the U.S. Standards for Grades of Mushrooms to add a grade for portabella mushrooms, remove size from the criteria for each grade and create a separate section for size, and revise the tolerances for defects consistent with modern production and handling practices. In addition, AMS is updating terminology, definitions, and defect scoring guides throughout the grade standards. These changes align the grade standards with modern harvesting practices and provide guidance for the effective utilization of this commodity.