Banks Seek Anti-Redlining Delay, Citing Regulatory Upheaval (1)

Banking trade groups asked federal regulators to delay a forthcoming update to anti-redlining rules until the agencies finalize proposed increases to big bank capital requirements and the Supreme Court rules on the Consumer Financial Protection Bureau’s funding.

The specter of higher capital requirements for all banks with more than $100 billion in assets as well as questions regarding the CFPB’s future add uncertainty to the regulators’ rewrite of the Community Reinvestment Act (CRA), the Bank Policy Institute and the American Bankers Association (ABA) said in a Tuesday letter.

Because of that, the Federal Reserve, the Federal Deposit Insurance Corp., ...