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On February 5, 2024, ICBA and other groups filed a lawsuit against the federal banking regulators, challenging the agencies for exceeding their statutory authority with their recent Community Reinvestment Act final rule.
The complaint—which was filed in the Northern District of Texas with the Independent Bankers Association of Texas, Texas Bankers Association, Amarillo Chamber of Commerce, American Bankers Association, U.S. Chamber of Commerce, and Longview Chamber of Commerce—asks the court to vacate the final rule and seeks a preliminary injunction to pause it while the court decides the merits of our case.