I'm using an LP38691 3.3V fixed regulator which is overshooting. This wasn't an issue for years, but now a component is being replaced and the current on the 3.3V rail has gone up from 300mA to 500mA. The datasheet claims an output voltage is within 2% of the nameplate, and 4% at worst. It jumps to 3.8V for 40ms, and then steps down to 3.3V.
Is this normal behaviour for LDO regulators? The input voltage is 5V and the thing is surrounded by bypass capacitors and a low ESR 100u capacitor.
Edit: Here's the schematic. I can't post the entire schematic because there are a few dozen pages. The component that changed was a microprocessor. I also scoped the 5V rail, and it it ramps up and stabilizes 20ms before the regulator starts to ramp up. The odd thing is that we use the same exact circuit on other boards, and those boards don't have that issue with the new processor.