The federal bank regulatory agencies announced their intent to rescind the 2023 Community Reinvestment Act (CRA) final rule and reinstate the CRA framework that existed prior to the October 2023 final rule. The agencies cited “pending litigation” as the basis for their decision.

The Office of the Comptroller of the Currency granted conditional approval for a fintech firm to acquire CenTrust Bank, N.A. This marks the first time a fintech has acquired a bank charter since 2021. Acting Comptroller Rodney Hood shared his views on the acquisition during CBA LIVE 2025 in Orlando.

Federal Reserve Gov. Michelle Bowman has been nominated to serve as the agency’s next vice chair for supervision. The position was vacated by Michael Barr who stepped down in February but remained a member of the Fed Board of Governors.

Given increasing uncertainty around the economic outlook and an inflation rate that remains elevated, the Federal Open Market Committee recommended the federal funds rate remain between 4-1/4 to 4-1/2 percent, following the committee’s March meeting.

The Consumer Bankers Association’s 16th annual CBA LIVE conference included illuminating conversations about technological innovation, regulatory policy implications and customer-centric business strategies.

The Consumer Bankers Association (CBA) introduced the members of its 2025 Board of Directors and executive committee during its annual CBA Live conference in Orlando on March 17.

A federal judge granted the Consumer Financial Protection Bureau’s request for additional time to review a legal challenge facing its credit card late fee final rule. The bureau’s leadership will have 30 days to determine how it wishes to proceed with respect to claims brought by multiple business trade organizations.

While Congress considers legislation regarding the national tax policy, the Independent Community Bankers of America is pushing for an end to federal tax subsidies for credit unions with $1 billion or more in total assets. Efforts to change tax policies benefitting credit unions have garnered pushback from credit union advocates.

The U.S. Fifth Circuit Court of Appeals granted a motion to stay implementation of the Consumer Financial Protection Bureau’s small business lending final rule, implementing Sec. 1071 of the Dodd-Frank Act, pending a decision on an appeal filed by multiple banking trade associations.