meta_id 3206380

On June 2, 2026, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Board of Governors of the Federal Reserve System jointly removed references to reputation risk from multiple interagency supervisory guidance documents. This action complements a final rule published on April 10, 2026, which codified the elimination of reputation risk from the agencies' supervisory programs. The agencies removed reputation risk references to prevent misuse of supervisory authority that could restrict individuals' and legal businesses' access to financial services based on constitutionally protected political or religious beliefs, speech, conduct, or lawful business activities. By eliminating these references, the agencies ensure supervisory decisions are grounded in material financial risks and increase clarity and precision in supervisory decision-making. The updated documents span multiple risk areas, including asset securitization, subprime lending, life insurance risk management, customer identification programs, home equity lending, remote deposit capture, counterparty credit risk management, cybersecurity, operational resilience, and elder financial exploitation. The agencies also updated guidance on cyber insurance, cyber attacks involving extortion, and sales of 100 percent loan participations. The FDIC-supervised financial institutions must apply these updates to their supervisory frameworks. The agencies continue to review additional supervisory materials and may update further documents as appropriate. This initiative reflects a broader effort to align supervisory guidance with the prohibition on using reputation risk in regulatory decision-making, ensuring that examination procedures and manual updates reflect material financial risk considerations only.