Board of Governors of the Federal Reserve System

The Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are adopting a final rule that lowers the community bank leverage ratio (CBLR) requirement from 9 percent to 8 percent, consistent with the lower bound provided in section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. More...The final rule also extends the length of time that certain depository institutions and depository institution holding companies can remain in the CBLR framework while not meeting all of the qualifying criteria for the CBLR framework from two consecutive quarters to four consecutive quarters, subject to a limit of eight quarters in the previous five-year period. The final rule is effective July 1, 2026 (Regulation Q, Docket R-1876) and was published in the Federal Register on April 29, 2026.

The Consumer Financial Protection Bureau (CFPB) is revising certain provisions of Regulation B, subpart B, which implements changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. More...The CFPB is amending coverage of certain credit transactions and financial institutions, the small business definition, inclusion of certain data points and how others are collected, and the compliance date. The CFPB believes these changes will streamline the rule, reduce complexity for lenders, improve data quality, and advance the purposes of section 1071. The final rule is effective June 30, 2026 (Consumer Financial Protection Bureau, Regulation B, Docket CFPB-2025-0040) and was published in the Federal Register on May 1, 2026.

The Board is issuing a notice and request for comment on proposed revisions to the Federal Reserve Policy on Payment System Risk, including the proposed addition of a new Part IV, to accommodate the provision by Reserve Banks of special-purpose accounts that would clear and settle certain payment activity (Payment Accounts). More...The Board is also proposing updates to its guidelines for Federal Reserve Banks to utilize in evaluating requests for access to Reserve Bank account and services (Account Access Guidelines) to accommodate requests for access to Payment Accounts. Finally, the Board is encouraging Reserve Banks to pause decisions on requests for Reserve Bank accounts and services from institutions that are tier 3 under the Account Access Guidelines until the Board has completed its policy development process on the Payment Account proposal. Comments on this notice of proposed rulemaking must be received by July 27, 2026 (Docket OP-1878).

The Board proposes to amend its Regulation A (Extensions of Credit by Federal Reserve Banks) to specify that a holder of a proposed special-purpose Payment Account would not be eligible for access to discount window credit made available by the Reserve Banks. More...The proposal would change neither the existing programs under which the Reserve Banks generally provide discount window credit (primary credit, secondary credit, and seasonal credit) nor the process for establishing the primary credit, secondary credit, and seasonal credit rates. Comments on this notice of proposed rulemaking must be received by July 27, 2026 (Docket R-1892).

The Board proposes to amend its Regulation D (Reserve Requirements of Depository Institutions) to differentiate between master accounts and a proposed new category of special-purpose Payment Accounts. More...The proposed amendments would exclude Payment Accounts from Regulation D’s provisions directing Reserve Banks to pay interest on balances maintained at a Reserve Bank. As a result, the Reserve Banks would not pay interest on balances maintained in Payment Accounts. The proposal would not affect reserve requirement ratios, which would remain zero. Comments on this notice of proposed rulemaking must be received by July 27, 2026 (Docket R-1893).