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flag US regulators repeal 2023 fair lending rules due to banking industry's legal challenge.

flag US bank regulators have decided to rescind the 2023 updated fair lending rules after facing a legal challenge from the banking industry. flag The new rules, aimed at modernizing fair lending practices under the Community Reinvestment Act, will be replaced with the previous requirements. flag This move aims to address the legal issues and maintain consistency in regulatory standards for banks.

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