The OCC rescinded the 2022 interagency statement regarding special purpose credit programs under ECOA/Regulation B. Creditors are instructed not to rely on the 2022 statement.
What changed
The 2022 interagency statement has been rescinded, and creditors must adhere to different guidance moving forward.
Compliance perspective
Financial institutions must stay updated with the revised guidelines to ensure compliance with ECOA requirements.
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