The Trump administration is rolling out a major overhaul of the Community Reinvestment Act — the first in nearly 30 years — shifting focus from bank size and branch count to actual lending in underserved communities. Fewer banks will be fully regulated, with the “small bank” threshold jumping to $1 billion, and new “intermediate” tiers creating loopholes for hundreds of institutions. Critics warn the rules could restrict which nonprofits qualify for bank grants, risking funding cuts — especially in rural areas — and potentially politicizing community development. The proposal, led by the OCC and FDIC but excluding the Fed, is open for public comment, sparking debate over whether it empowers banks or undermines the very communities the law was meant to serve.
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