Federal ReserveVendor / TPRMSeptember 15, 2026

Fed Proposes Third-Party Risk Management Guide for Community Banks

The Federal Reserve is seeking comment on a proposed guide specifically for community banking organizations on managing third-party relationship risks. The guide draws on supervisory experience and addresses key risk categories most common to smaller institutions. Compliance officers at community banks or fintechs partnering with them should note this could reshape due diligence and oversight expectations for vendor relationships.

What to do

Review the proposed guide, assess gaps in your current third-party risk management program against the guidance framework, and submit a comment letter before the deadline if your institution has relevant operational concerns.

Who this affects

Bank / Credit UnionTrust CompanyFintech / Neobank

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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