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What’s New

Federal Reserve Regulatory Service Transmittal 518
April 2024

April 2024Transmittal 518 Effective: 4/1/2024
Consumer and Community Affairs
Regulation BB
The Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) are adopting final amendments to their regulations implementing the Community Reinvestment Act of 1977 (CRA) to update how CRA activities qualify for consideration, where CRA activities are considered, and how CRA activities are evaluated. More... The final rule is effective April 1, 2024 (Regulation BB, Docket R–1769) and was published in the Federal Register on February 1, 2024.
Procedural and Organizational Rules
Rules of Practice for Hearings
The Board, the FDIC, the National Credit Union Administration, and the OCC are adopting final changes to the Uniform Rules of Practice and Procedure to recognize the use of electronic communications in all aspects of administrative hearings and to otherwise increase the efficiency and fairness of administrative adjudications. More... The Board is also modifying its rules of administrative practice and procedure by adopting a final rule to amend subpart B of 12 CFR part 263—the Board Local Rules Supplementing the Uniform Rules—and to create a new subpart K (sections 263.450 through 263.457) establishing new rules governing all Board formal investigations. The new subpart K replaces subpart L of Regulation LL (12 CFR part 238), which is eliminated. The final rule is effective April 1, 2024 (Procedural and Organizational Rules, Rules of Practice for Hearings, Docket R–1766) and was published in the Federal Register on December 28, 2023.

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