Seven Agencies Trash Old Credit Program Guidance in Unison
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2022 Special-Purpose Credit Guidance Rescinded
The agencies rescinded the Interagency Statement on Special Purpose Credit Programs dated February 22, 2022, effective August 25, 2026.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.
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