Opportunity
Federal Register #FR6606N01
Rescission of Interagency Statement on Special Purpose Credit Programs under ECOA and Regulation B
Buyer
Federal Housing Finance Agency
Posted
August 25, 2026
Identifier
FR6606N01
This notice announces the joint rescission of the Interagency Statement on Special Purpose Credit Programs under the Equal Credit Opportunity Act (ECOA) and Regulation B by several federal agencies. - Government buyers: - Federal Deposit Insurance Corporation (FDIC) - National Credit Union Administration (NCUA) - Office of the Comptroller of the Currency (OCC) - Consumer Financial Protection Bureau (CFPB) - Department of Housing and Urban Development (HUD) - Department of Justice (DOJ) - Federal Housing Finance Agency (FHFA) - No OEMs or vendors are mentioned; this is a policy notice, not a procurement. - No products or services are requested. - Notable requirements: - The notice clarifies that creditors may not discriminate against borrowers based on prohibited characteristics. - Creditors should not rely on the rescinded Interagency Statement or related issuances. - Agencies emphasize compliance with ECOA, Regulation B, and the Fair Housing Act. - Federal law does not authorize generalized remedial equity initiatives absent specific cases of unlawful discrimination.
Description
The Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Consumer Financial Protection Bureau (CFPB), Department of Housing and Urban Development (HUD), Department of Justice (DOJ), and Federal Housing Finance Agency (FHFA) are issuing a notice to rescind the Interagency Statement on Special Purpose Credit Programs under the Equal Credit Opportunity Act and Regulation B dated February 22, 2022. The rescission clarifies that creditors may not discriminate against borrowers based on prohibited characteristics and should not rely on the previous statement or related issuances. The agencies emphasize compliance with ECOA, Regulation B, and the Fair Housing Act, and note that federal law does not authorize generalized remedial equity initiatives absent specific cases of unlawful discrimination.