League Comments on Bank Regulators' Interagency Guidance on Third-Party Relationships

Your League has submitted comments to the FDIC, OCC and the Fed on the "Proposed Interagency Guidance on Third-Party Relationships: Risk Management."

Noting that credit unions and banks use many of the same vendors, the League wrote credit unions have a deep interest in the proposal and how future action by the NCUA might be shaped by information gleaned from the work of the banking regulators.

The League focused its comments on contracts and institutions' bargaining ability, highlighting smaller institutions' potential difficulties in these areas.

Read the letter