REGULATION · US
OCC proposes third-party risk management guidance for community banks, eases vendor oversight burden
The U.S. Office of the Comptroller of the Currency released proposed guidance and interagency statements on third-party risk supervision—targeting core service providers to community banks. The move aims to reduce compliance friction while maintaining risk oversight of outsourced critical functions.
WHY IT MATTERS
Signals regulatory relief for smaller lenders using AI/cloud vendors; affects how banks classify and monitor fintech and SaaS partners, potentially lowering due-diligence costs for community-bank tech M&A.
Source: OCC · 2026-09-11