The CRA requires banks to invest in America’s communities, particularly low- and moderate-income areas that have been discriminated against and generationally underserved.

While the CRA rule wasn’t perfect, it still resulted in critical investments in many communities and provided some protection for low- and moderate-income families against discrimination by banks. In this political move by the banking agencies, the 2023 rule was rolled back, citing “pending litigation.”

Read Better Markets’ statement here.

The CRA requires banks to invest in America’s communities, particularly low- and moderate-income areas that have been discriminated against and generationally underserved.

While the CRA rule wasn’t perfect, it still resulted in critical investments in many communities and provided some protection for low- and moderate-income families against discrimination by banks. In this political move by the banking agencies, the 2023 rule was rolled back, citing “pending litigation.”

Read Better Markets’ statement here.

FDIC says that banks can engage in crypto activities without receiving prior FDIC approval. This essentially says that the FDIC is willing to pass the risk of crypto activities on to consumers, banks, and the public and pick up the pieces after the inevitable damage is done.

The Commission voted to end its defense of the climate risk disclosure rule. A retreat from the climate risk disclosure rule will prevent investors from receiving information material to their investment decisions.

Read Better Markets’ statement here.

New CFPB leadership signals its intent to undo consumer protections and deregulate the financial industry, this time by signaling it intends to revoke prior CFPB rule clarifying that Buy-Now-Pay-Later loans are subject to the same types of consumer protections as other types of loans.

The SEC has agreed to settle its lawsuit against Ripple. The SEC has surrendered to the crypto industry.