The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly updated certain interagency documents to remove references to reputation risk. The move extends their earlier actions ending the use of reputation risk in supervision and is intended to keep supervisory decisions focused on material financial risks. The agencies said reputation risk can be misused by supervisors to encourage or pressure a bank to restrict individuals' and lawful businesses' access to financial services because of constitutionally protected political or religious beliefs, speech, conduct, or lawful business activities. The revisions are limited to removing references to reputation risk and are intended to increase clarity and precision in supervisory decision-making. The agencies said they continue to review supervisory materials and may update additional documents as appropriate.
Federal Reserve Board2026-06-02
Federal Reserve Board Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency remove additional references to reputation risk from interagency documents
The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency updated interagency documents to remove references to reputation risk, extending earlier actions to end its use in supervision and keep supervisory decisions focused on material financial risks. The agencies said reputation risk can be misused to pressure banks to restrict access to financial services based on constitutionally protected political or religious beliefs, speech, or lawful business activities, and may update additional supervisory materials.