Thank the Fed for Fighting Lending Discrimination

Bank regulators just announced a new rule to combat lending discrimination that overhauls a 1977 anti-redlining law.

The new rule will require banks to increase their lending to low and moderate-income communities. This marks the most significant revision to the Community Reinvestment Act’s rules in nearly 30 years. The framework will go into effect in January 2026. 

Sign the petition to thank the Fed for fighting lending discrimination.

“[It] will better achieve the purposes of the law by encouraging banks to expand access to credit, investment, and banking services in low-and-moderate-income communities,” said Fed Chair Jerome Powell. 

“[The rule] has adapted to changes in the banking industry, such as mobile and online banking; providing greater clarity and consistency in the application of the CRA regulations; and tailoring to bank size and type,” he added. 

This is a big step in the right direction to confront racial gaps in homeownership and banking access across the country. 

Add your name to the petition to thank the Fed for fighting lending discrimination.