The Office of the Comptroller of the Currency announced this week that it will rescind Community Reinvestment Act reform proposal released during the Trump administration—with Acting Comptroller of the Currency Michal Hsu calling the controversial Trump-era rulemaking effort “a false start.” The OCC released an interagency statement with the Federal Reserve and FDIC saying all three banking regulators will work jointly on the next round of updates. A Wall Street Journal story this week said that’s “likely not until 2022.”