Banking and Finance Law Daily Wrap Up, EXPERT INSIGHTS—Overhauled third-party risk management guidance: What banks and their vendors need to do now, (Sep 24, 2026)
Law Firms Mentioned:Duane Morris LLP
Organizations Mentioned:Duane Morris, LLP
By Joseph E. Silvia of Duane Morris LLP
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 ...