On March 21, 2024, the Federal Reserve, FDIC, and OCC issued a supplemental rulemaking that includes a joint interim final rule which extends the applicability date of certain provisions in their Community Reinvestment Act (CRA) final rule issued in October 2023. The agencies' notice also serves to issue a correction to the preamble to the 2023 CRA Final Rule regarding the OCC’s Unfunded Mandates Reform Act (UMRA) regulatory analysis.

On December 20, 2023, the Federal Reserve Board and the FDIC issued the 2023 updated asset-size thresholds used to define "small bank" and "intermediate small bank" under their Community Reinvestment Act (CRA) regulations.

On October 24, 2023, the Federal Reserve Board, the FDIC and the OCC jointly issued a final rule to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the law. The CRA is a landmark law enacted in 1977 to encourage banks to help meet the credit needs of their entire communities, especially in low- and moderate-income neighborhoods, in a safe and sound manner.

On December 19, 2022, the Federal Reserve Board and the FDIC issued the 2023 updated asset-size thresholds used to define "small bank" and "intermediate small bank" under their Community Reinvestment Act (CRA) regulations. On December 29, 2022, the OCC released a similar notice of asset-size threshold adjustments. Annual adjustments to these asset-size thresholds are based on the average change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is a measure of inflation.

On December 15, 2022, the federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), released the 2021 Small Business, Small Farm, and Community Development Lending Data. The analysis was conducted using data compiled for banks, savings and loan associations, and savings banks reporting under the CRA regulations.

On July 1, 2022, the OCC announced that the Federal Agencies have released the 2022 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition.

On May 5, 2022, the federal bank regulatory agencies issued a joint proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the law. CRA is a landmark law that encourages banks to help meet the credit needs of their local communities, including low- and moderate-income (LMI) neighborhoods, in a safe and sound manner.

On April 19, 2022, Acting Comptroller of the Currency Michael J. Hsu spoke at the Black Homeownership Collaborative’s Fair Housing Month Virtual Forum where he discussed expanding access to homeownership for minorities.

On April 7, 2022, the OCC published the latest edition of its Community Developments Investments newsletter, “Partners in Recovery: Community Reinvestment and Resilience.” This edition of Community Developments Investments discusses how banks and community development financial institutions can work together to help rebuild communities that have been affected by the COVID-19 pandemic and natural disasters.