Proposed Third-Party Risk Management Guidance

The OCC, Board, FDIC, and NCUA (collectively, the agencies) invite comments on this proposed third-party risk management guidance. The proposed guidance would reflect the agencies’ supervisory experience and lessons learned through examining banking organizations’ third-party risk management practices. In particular, the proposed guidance would discuss the potential benefits that may accrue when a banking organization aligns its third-party risk management practices in relation to the reasonably assessed risk levels specific to each of its third-party relationships. This approach may assist banking organizations in the prioritization of third-party risk management based on material financial risks, compliance with laws and regulations, and resource allocation. The proposed guidance also would help banking organizations consider potential strategies for tailoring their third-party risk management practices according to the banking organization’s size, complexity, and risk profile, as well as the nature of its third-party relationships. The agencies plan to rescind and replace existing guidance on third-party risk management to promote consistency and innovation in the banking industry.

Comments must be received on or before Nov. 16, 2026. Submit at the Federal Register, here.

NCUA Releases 2027–2028 Proposed Budget, Sets  Public Hearing

The National Credit Union Administration (NCUA) has released its staff draft budget for 2027–2028. The proposed budget is now available on the agency’s website for review and comment. NCUA has also submitted the proposed budget for publication in the Federal Register, and the comment period remains open until November 30.

The agency will hold a public budget hearing at its Central Office on Tuesday, November 17, beginning at 10 a.m. Eastern. The meeting will be livestreamed on NCUA.gov.

Submit comments on Docket # NCUA-2026-2146 at the Federal eRulemaking Portal by November 30.

Proposed Agency Information Collection Activities

The NCUA has approved the publication of a proposal to revise the NCUA Call Report (Form 5300), which is a currently approved information collection, for public comment. Revisions include the collection of data on a credit union’s involvement with payment stablecoin activities. The NCUA is submitting the following revised form and instructions of a currently approved information collection to the OMB for review and clearance. The revised form and instructions are proposed to take effect with the March 31, 2027, report date.

Comments must be received on or before Dec. 8, 2026. Comment on Agency Information Collection Activities here.

Central Liquidity Facility Proposed Rule

The NCUA Board (Board) is proposing to adopt as final the revisions to the Central Liquidity Facility (CLF) rule made under two interim final rules (IFRs) published in the Federal Register on April 29, 2020, and March 24, 2021. The proposal would adopt the amendments made by these IFRs and, where appropriate, would remove provisions from the NCUA’s regulations that have lapsed under the terms of the IFRs. The proposal would also remove or modify certain filing requirements and criteria the Board uses to approve CLF members. Finally, the proposal would amend the timing requirements related to pay adjustments to the capital stock subscription, clarify various regulatory provisions, and make necessary conforming edits.

Comments must be received by Dec. 14, 2026. Provide your comments about the CLF here.

Powers of Federal Credit Unions

The NCUA Board (Board) is proposing to amend the NCUA’s regulations regarding incidental powers to clarify that federal credit unions (FCUs) are not required to seek an advisory opinion from the NCUA’s Office of General Counsel before petitioning the Board to engage in an activity that does not fall within an FCU’s preapproved incidental powers.

Comments must be received by Dec. 14, 2026. Comment on codifying this clarification here.

Corporate Credit Unions: Fidelity Bond and Insurance Coverage for Federally Insured Credit Unions

The NCUA Board (Board) seeks comment on proposed amendments to its regulations governing fidelity bond and insurance coverage for federally insured credit unions (FICUs). The proposed rule would eliminate certain prescriptive procedural mandates and simplify requirements for coverage amounts and deductibles. The intended effect is greater flexibility for FICUs, simplified compliance, and reduced administrative costs without compromising safety and soundness.

Comments must be received on or before Dec. 14, 2026. Comment for corporate credit unions here.

12 CFR 741.3(a) – Nonconforming Investment Special Reserve

The NCUA Board (Board) proposes to remove the requirement that federally insured, state-chartered credit unions (FISCUs) maintain a special reserve for certain nonconforming investments. The proposal would also remove related references to the reserve requirement in NCUA’s capital, investment, and regulations on requirements for insurance. The Board states that the changes would reduce regulatory burden, simplify requirements, and provide greater flexibility for FISCUs while maintaining safety and soundness and protecting the National Credit Union Share Insurance Fund.

Comments must be received on or before Dec. 21, 2026. Comment Nonconforming Investment Special Reserve here.

12 CFR Part 741.7 – Conversion to a State-Chartered Credit Union

The NCUA Board (Board) proposes to remove 12 CFR 741.7, which addresses the process for maintaining federal share insurance following the conversion of a federal credit union (FCU) to a state charter. The Board states that the provision is outdated and duplicates requirements already addressed in NCUA’s Chartering and Field of Membership Manual (Manual). Because amendments to the Manual have superseded 12 CFR 741.7, the proposal would remove the provision to improve regulatory clarity and eliminate unnecessary duplication.

Comments must be received on or before Dec. 21, 2026. Comment on Conversion to a State-Chartered Credit Union here.

12 CFR 745.13 – Notification to Members/ Shareholders

The NCUA Board (Board) proposes to revise its share insurance regulation to simplify how federally insured credit unions (FICUs) notify members about NCUA share insurance coverage. Currently, FICUs must make certain share insurance materials available in hard copy. Under the proposal, FICUs would continue to provide notice to members but would have greater flexibility in how they do so. The proposal is intended to simplify compliance, reduce costs, and help ensure members receive current share insurance information..

Comments must be received on or before Dec. 21, 2026. Comment on Notification to Members / Shareholders here.