HUD Leads Interagency Rescission of 2022 Statement on Special Purpose Credit Programs

HUD Leads Interagency Rescission of 2022 Statement on Special Purpose Credit Programs HUD Leads Interagency Rescission of 2022 Statement on Special Purpose Credit Programs Advancing fair housing and equal treatment under the law August 25, 2026 WASHINGTON - Today, the Department of Housing and Urban Development (HUD), the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA) announced a joint rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B. The original interagency statement (“Interagency Statement”), issued in February 2022 by the Biden administration, encouraged creditors to develop special purpose credit programs (SPCPs) under the Equal Credit Opportunity Act and its implementing regulation, Regulation B, in a manner designed to favor one class of Americans over another. Creditors were never permitted to discriminate against borrowers based on protected characteristics, but this