US federal bank regulators on Tuesday jointly updated interagency supervisory documents to remove references to “reputation risk,” the FDIC said.
The agencies said the changes complement earlier actions and the April 7 final rule that codified a prohibition on using reputation risk in bank oversight.
That rule bars regulators from criticising or taking adverse action against a supervised institution based on reputation risk, and prohibits them from pressuring banks to close customer accounts based on a person’s political views, religious beliefs, protected speech, or lawful business activities.
“These updates help ensure supervisory decisions are based on material financial risks, increase clarity, and support greater precision in supervisory decision making,” the FDIC said.
The updates are limited to removing the term from certain interagency documents. The agencies said they continue to review supervisory materials and may update more documents.
The revisions follow a series of moves dating to 2025.
The OCC stopped examining for reputation risk in March 2025, the Federal Reserve announced the same year that it would remove the concept from examination programmes, and the FDIC and OCC finalised the prohibition in April before this latest round of document revisions.
