Federal Regulators Unveil Overhauled Third-Party Risk Guidance to Ease Burdens on Community Banks and Credit Unions

By PYMNTS Published September 11, 2026 Main Facts In a coordinated regulatory push aimed at modernizing oversight and easing compliance pressures, four major U.S. financial regulatory agencies have jointly issued proposed guidance designed to help banks and credit unions better manage the risks associated with third-party relationships. Announced on Friday, September 11, 2026, the initiative…

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Financial Inclusion Under Fire: New CFPB Guidance Sparks Controversy Over Immigration Status in Lending

WASHINGTON — In a move that has sent ripples of concern through the financial services sector and civil rights advocacy groups, the Consumer Financial Protection Bureau (CFPB), under the leadership of Russell Vought, issued a controversial advisory on Friday, June 5, 2026. The guidance encourages lenders to incorporate a borrower’s immigration status into their assessment…

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