Banking Regulators to Appeal Pause on Anti-Redlining Rewrite

Banking regulators are asking a federal appeals court to overturn a Texas federal judge’s order putting their overhaul of anti-redlining rules on hold.

The Federal Reserve, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency on Thursday filed a notice of interlocutory appeal for the US Court of Appeals for the Fifth Circuit to lift a preliminary injunction on their update to the rules governing the 1977 Community Reinvestment Act.

Judge Matthew J. Kacsmaryk of the US District Court for the Northern District of Texas slapped the injunction on the rules in a March 29 ...