Judge Blocks Biden Administration’s Attempt to Expand Lending Rules

Government’s interpretation diverges from the law, federal judge finds.

President Joe Biden speaks at an event in Raleigh, N.C., on March. 26, 2024. Matt Kelley/AP Photo

The federal government’s attempt to expand fair lending rules has been blocked for many institutions.

The new rules, which had been due to take effect on April 1, are based on incorrect interpretations of federal law, U.S. District Judge Matthew Kacsmaryk ruled on March 29.