On July 31, 2026, the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC”) issued a joint notice of proposed rulemaking to amend their regulations implementing the Community Reinvestment Act (“CRA”).  The proposed rule would make substantive, technical, and procedural changes to the CRA framework under the legacy CRA rules.  The proposal would retain much of the existing legacy regulations framework while making changes to how banks are evaluated and how certain activities receive CRA consideration. Among other things, the proposed rule would increase the asset-size thresholds for small banks and intermediate banks.  The proposal would also focus the retail lending evaluation more heavily on lending activities, narrow the range of retail banking services considered for CRA purposes, and modify the treatment of community development grants and donations.  The agencies also propose changes intended to provide greater clarity regarding which community development activities qualify for CRA consideration. The proposed rule is also notable because the Federal Reserve Board did not join the OCC and FDIC in the rulemaking.  As a result, the proposal could create differences in the CRA regulatory framework applicable to banks depending on their primary federal regulator. Please join us at the October BCG Monthly Telephone Briefing for a discussion of the proposed rule. Handout to be posted on Thursday, October 15th.