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.
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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.
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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.