Overhauled Third-Party Risk Management Guidance: What Banks and Their Vendors Need to Do Now

On September 11, 2026, the FDIC, Federal Reserve Board, OCC, and NCUA jointly proposed a package of three documents that would reshape third-party risk management (“TPRM”) oversight for banks and credit unions: (1) new interagency guidance replacing the 2023 TPRM framework, (2) a practical companion guide for community banks, and (3) a joint statement putting … Continue reading “Overhauled Third-Party Risk Management Guidance: What Banks and Their Vendors Need to Do Now”